Castor Maritime Inc. reports developments as a diversified global shipping and energy company with activities in vessel ownership, technical and commercial ship management, asset management and energy infrastructure projects. Its updates address dry-bulk market conditions, vessel revenues, service revenue from MPC Münchmeyer Petersen Capital AG, voyage expenses and the performance of its shipping and asset-management operations.
Recurring company news also covers fleet transactions, sale-and-leaseback financings, sustainability-linked debt, capital-structure actions such as preferred-share redemptions, annual report availability and shareholder meeting results. The company is listed on Nasdaq under CTRM and reports as a foreign private issuer.
Castor Maritime (CTRM) held its 2026 Annual General Meeting of Shareholders on September 11, 2026, in Limassol, Cyprus.
Shareholders re-elected Mr. Petros Panagiotidis as Class C Director until the 2029 Annual General Meeting of Shareholders and approved the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for the fiscal year 2026.
Castor Maritime (CTRM) reported net income of $26.8 million for Q2 2026 and $96.0 million for the six months ended June 30, 2026, reversing a loss in the prior-year period.
Q2 2026 total vessel revenues rose 46.1% year over year to $14.9 million and revenue from services grew 37.2% to $10.7 million, supported by a higher average Daily TCE Rate of $16,700 versus $11,516 in Q2 2025. Q2 adjusted net income was $11.6 million, EBITDA was $32.0 million and adjusted EBITDA was $16.8 million. For the six-month period, total vessel revenues increased 24.7% to $26.8 million, revenue from services grew 19.0% to $20.0 million, adjusted net income reached $21.3 million, and EBITDA was $106.8 million with adjusted EBITDA of $32.1 million.
Cash and restricted cash declined to $109.4 million at June 30, 2026, from $152.8 million at year-end 2025, reflecting $79.6 million spent on two modern-eco Kamsarmax acquisitions, partial debt prepayments including a $22.3 million voluntary prepayment on a $50.0 million sustainability-linked term loan, and other investing and financing cash flows, partly offset by $16.8 million of operating cash inflows.
Castor Maritime (NASDAQ: CTRM) has formed a joint venture with third-party investors arranged by Fearnley Securities to acquire, own and operate the M/V Magic Starlight, a 2015-built Kamsarmax bulk carrier previously owned by the company. Castor contributed the vessel in exchange for a 30% equity stake in the joint venture and $18.75 million in cash. The joint venture financed the acquisition through partner cash contributions and an $11.5 million sustainability-linked senior term loan from a European bank, secured by a first priority mortgage over the vessel and guaranteed by Castor. The transaction closed on August 6, 2026, and Castor expects to recognize an approximate $2.9 million net gain in Q3 2026, excluding transaction costs. Following the deal, Castor’s fleet totals 11 vessels with about 0.9 million dwt, including the M/V Magic Starlight owned by the joint venture.
Castor Maritime (NASDAQ: CTRM) announced that its 2026 Annual General Meeting of Shareholders will be held on September 11, 2026, at 6:00 p.m. local time at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus.
The Board set July 17, 2026 as the record date. Notice and proxy materials will be mailed on or around July 20, 2026, filed with the SEC at www.sec.gov, and posted on www.castormaritime.com.
Castor Maritime (NASDAQ: CTRM) agreed to acquire the 2024-built modern-eco Kamsarmax bulk carrier M/V Magic Saturn for $41.9 million and took delivery on June 29, 2026. On the same date, it also took delivery of the 2023-built M/V Magic Jupiter. Both vessels were funded with cash on hand, increasing the fleet to 11 vessels with about 0.9 million dwt capacity.
Castor Maritime (NASDAQ: CTRM) agreed to acquire a 2023-built modern-eco Kamsarmax bulk carrier for $37.5 million from an unaffiliated seller. The deal is expected to close by quarter-end, funded with cash on hand.
Following delivery, the fleet is expected to total 10 vessels with about 0.7 million dwt capacity.
Castor Maritime (NASDAQ: CTRM) reported Q1 2026 net income of $69.2 million, versus a $23.3 million loss in Q1 2025. Vessel revenues rose 5.3% to $11.9 million and service revenue reached $9.3 million. EBITDA was $74.8 million, Adjusted EBITDA $15.2 million, and cash including restricted cash increased to $192.8 million. The quarter included a $46.5 million net gain from equity investments measured at fair value, $18.5 million of other income, and a $15.6 million sale-and-leaseback financing for M/V Magic Perseus. The fleet earned a Daily TCE Rate of $14,926 on an average of 9.0 vessels.
Castor Maritime (NASDAQ: CTRM) announced that its 2025 Annual Report on Form 20-F, including financial statements for the year ended December 31, 2025, was filed with the SEC and is available on the SEC website and the company website.
Shareholders may request a free hard copy by mail or email to ir@castormaritime.com. The company reports a fleet of 9 vessels (0.6 million dwt) and is majority shareholder of MPC Münchmeyer Petersen Capital AG.
Castor Maritime (NASDAQ: CTRM) reported net income of $17.6 million for Q4 2025 and $21.5 million for full-year 2025. Total vessel revenues fell to $13.3M in Q4 and $46.2M for 2025, driven by vessel sales and lower Available/Ownership Days.
Cash and restricted cash rose to $152.8M at year-end; the company completed vessel disposals, redeemed Series E preferred shares and secured a $50.0M sustainability-linked term loan.
Castor Maritime (NASDAQ: CTRM) signed a sale and leaseback for the M/V Magic Perseus, a 2013 Kamsarmax bulk carrier, with a Japanese counterparty. The transaction includes $15.6 million bareboat financing, an 11-year term, a counterparty put option at year eight, and a Company purchase option starting at the end of year two. The agreement is expected to conclude during January 2026. Castor’s fleet comprises 9 vessels with aggregate capacity of 0.6 million dwt. The release includes standard forward-looking cautionary language.