Castor Maritime Inc

Castor Maritime, Inc. engages in the provision of shipping transportation services It operates through the following segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. The Dry Bulk segment transport dry cargo commodities. The Aframax/LR2 Tanker segment handles the transport of crude oil. The Handysize Tanker segment carries oil products. The company was founded by Petros Panagiotidis on September 12, 2017 and is headquartered in Limassol, Cyprus.

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Castor Maritime, Inc. engages in the provision of shipping transportation services It operates through the following segments: Dry Bulk and Containership segment. The Dry Bulk segment provides dry bulk commodities transportation services. The Containership segment provides cargo transportation services. The company was founded by Petros Panagiotidis on September 12, 2017 and is headquartered in Limassol, Cyprus.

LIMASSOL, Cyprus, March  26, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that the Magic P, its 76,453 dwt Panamax dry bulk vessel built in 2004, completed its scheduled dry-docking and special survey on March 21, 2020. On March 22, 2020, the vessel commenced employment under a new charter contract with an approximate duration of 90 to 105 days at a gross charter hire rate of $7,000 per day.

CASTOR MARITIME INC. ANNOUNCES FLEET COMMERCIAL UPDATE

LIMASSOL, Cyprus, Jan.  27, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has successfully entered into two agreements: (i) a secured term loan financing agreement and (ii) a non-brokered private placement of unsecured convertible debentures.  The secured term loan facility and the convertible debentures are subject to normal closing conditions.

Castor Announces Financing Agreements

LIMASSOL, Cyprus, Nov.  25, 2019  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the closing, through two of its ship-owning subsidiaries, of a $11.0 million secured term loan facility with Alpha Bank S.A. (“the Alpha Bank Financing”). The loan is expected to be drawn down before the end of 2019. The Company intends to use the net proceeds from the Alpha Bank Financing to retire its $7.5 million existing shareholder bridge loan and to fund its ongoing plans for growth.

Castor Announces $11.0 Million Senior Secured Debt Financing

LIMASSOL, Cyprus, Oct.  23, 2019  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that the Company’s Annual General Meeting of Shareholders was duly held on October 21, 2019 at 6:00 p.m. local time at the Company's executive offices in Limassol, Cyprus.

Castor Maritime Inc. Announces Results of its 2019 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, Oct.  23, 2019  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that, in connection with a previously announced Memorandum of Agreement dated October 14, 2019, it has taken delivery, through one of its wholly-owned subsidiaries, of the M/V Magic Moon (the “Magic Moon Acquisition”).

Castor Maritime Inc. Announces Delivery of the M/V Magic Moon

LIMASSOL, Cyprus, Oct.  17, 2019  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, today announced that on October 14, 2019, through a separate wholly-owned subsidiary, it has entered into an agreement to purchase a 2005 Japan built Panamax dry bulk carrier for a purchase price of $10.2 million from a third party  in which a family member of Castor’s Chairman, Chief Executive Officer and Chief Financial Officer has an interest.

Castor Maritime Inc. Announces Vessel Acquisition (NASDAQ: CTRM)

LIMASSOL, Cyprus, Oct.  11, 2019  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced an agreement with all of the holders of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Shares (the “Series A Preferred Shares”) to waive all accumulated dividends and to adopt and to Amend and Restate the Statement of Designations of its Series A Preferred Shares (the “Agreement”).

Castor Maritime Inc. Announces Amendment to Its 9.75% Series A Cumulative Redeemable Perpetual Preferred Shares and Waiver of All Accrued Dividends

LIMASSOL, Cyprus, Oct.  01, 2019  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that its Board of Directors (the "Board") has scheduled the Company’s 2019 Annual General Meeting of Shareholders (the "Meeting") to be held on October 21, 2019 at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of September 23, 2019 (the "Record Date") for the determination of the Shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.

Castor Maritime Inc. Announces the Date of Its 2019 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, Sept.  27, 2019  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, announced today that its Board of Directors has approved a change in the Company’s fiscal year end from September 30 to December 31. This change is being made to better align Castor’s reporting calendar with other NASDAQ listed companies and its industry peers.

Castor Maritime Inc. Announces Change in Fiscal Year End

LIMASSOL, Cyprus, Sept.  05, 2019  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, today announced its results (unaudited) for the nine and three months ended June 30, 2019.

Castor Maritime Inc. Reports Financial Results for the Nine and Three Months Ended June 30, 2019

Castor Maritime is the latest and one of the most extreme recent examples of the powerful combination of low float and heavy trading volume.

Tuesday's Low-Float Du Jour: Castor Maritime

Castor Maritime earnings for the company's six months ended on March 31, 2019 have CTRM stock up on Tuesday due to strong growth.

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News for Castor Maritime Inc Stock (CTRM)