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.

This shipping company delivered record results on the bottom line for the third quarter.

Why Shares of Castor Maritime Are Cruising Higher This Week

LIMASSOL, Cyprus, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months and nine months ended September 30, 2022.

Castor Maritime Inc. Reports Record Net income of $37.1 Million for the Three Months Ended September 30, 2022 and $84.9 Million Net income for the Nine Months Ended September 30, 2022

Company proposes to spin-off its tanker fleet into a new, Nasdaq-listed entity named Toro Inc. Timing looks great as tanker charter rates and second hand vessel values remain near multi-year highs.

Castor Maritime - Discussing Proposed Tanker Fleet Spin-Off

LIMASSOL, Cyprus, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that its Board of Directors, consisting of its independent disinterested members (the "Board"), has decided, on the recommendation of a special committee of the Board, to effect a spin-off of its tanker fleet comprising one Aframax, five Aframax/LR2 and two Handysize tankers (the “Spin-Off”). In the Spin-Off, Castor shareholders will receive two common shares of Toro Corp. (“Toro”), a newly formed subsidiary that will act as the holding company for the eight tanker vessels, for every five Castor common shares held at the close of business on December 6, 2022 (the “Record Date”). Toro has applied to have its common shares listed on the Nasdaq Capital Market. Castor's Chairman, Chief Executive Officer and Chief Financial Officer, Petros Panagiotidis, has been appointed as Chairman and Chief Executive Officer of Toro with effect as of the completion of the Spin-Off.

Castor Maritime Inc. Announces Proposed Spin-Off of its Tanker Fleet

LIMASSOL, Cyprus, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that its Board of Directors (the "Board") has scheduled the Company's 2022 Annual General Meeting of Shareholders (the "Meeting") to be held on December 15, 2022, 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 October 17, 2022 (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 2022 Annual General Meeting of Shareholders

Company reported strong Q2 results with impressive operating cash flow generation. Tanker exposure should continue to benefit results in Q3.

Castor Maritime: Outstanding Financial Condition Despite Weaker Dry Bulk Market Conditions

LIMASSOL, Cyprus, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months and six months ended June 30, 2022.

Castor Maritime Inc. Reports Net income of $27.8 Million for the Three Months Ended June 30, 2022 and $47.7 Million Net income for the Six Months Ended June 30, 2022.

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LIMASSOL, Cyprus, May 09, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months ended March 31, 2022.

Castor Maritime Inc. reports $20.0 Million Net income for the Three Months Ended March 31, 2022.

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LIMASSOL, Cyprus, April 18, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that:

Castor Maritime Inc. Announces New Charter Agreements

Monster gains this week have to be put in perspective.

Why Castor Maritime Stock Shot Higher This Week

LIMASSOL, Cyprus, April 01, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that the Company's annual report on Form 20‐F (the “Annual Report”), which contains the Company's audited consolidated financial statements for the fiscal year ended December 31, 2021, was filed with the U.S. Securities and Exchange Commission (the “SEC”).

Castor Maritime Inc. Announces Availability of its 2021 Annual Report on Form 20-F

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The stock price of Castor Maritime Inc (NASDAQ: CTRM) increased by 20.25% today. This is why it happened.

Castor Maritime (CTRM) Stock: Why The Price Surged Today

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CTRM Stock: Why Is Castor Maritime Rallying 15% Today?

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Castor Maritime Inc CTRM shares are trading higher by 8.7% at $1.32 Monday morning after the company reported fourth-quarter EPS results up from last year. Castor Maritime reported EPS of 18 cents per share for the three months ended December 31, 2021, as compared to a loss per share of 6 cents for the three months ended December 31, 2020.

Why Castor Maritime Shares Are Rising

LIMASSOL, Cyprus, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months and year ended December 31, 2021.

Castor Maritime Inc. reports $29.2 Million Net income for the Three Months Ended December 31, 2021, and $52.3 Million Net income for the Year Ended December 31, 2021

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LIMASSOL, Cyprus, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2012 Japanese-built Panamax dry bulk carrier from a third-party in which a family member of Castor's Chairman, Chief Executive Officer and Chief Financial Officer has a minority interest, for a purchase price of $23.55 million. The terms of the transaction were negotiated and approved by a special committee of disinterested and independent directors of the Company.

Castor Maritime Inc. Announces Vessel Acquisition and New Charter Agreement

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News for Castor Maritime Inc Stock (CTRM)