Welcome to our dedicated page for Castor Maritime news (Ticker: CTRM), a resource for investors and traders seeking the latest updates and insights on Castor Maritime stock.
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 (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.
Castor Maritime (NASDAQ: CTRM) reported results for the three and nine months ended September 30, 2025. Key Q3 highlights: net income $21.0M, EBITDA $24.3M, adjusted net income $2.4M, and cash of $123.8M. Q3 total vessel revenues were $11.4M (down 14.9% YoY) and Available Days fell to 785 due to vessel sales. Nine‑month results show total vessel revenues of $32.9M (down 34.3% YoY) and net income of $4.0M (down 91.7% YoY). Financing moves include full repayment of a Toro term loan, a five‑year $50M sustainability‑linked facility, a $14.6M sale‑and‑leaseback, and temporary Series E preferred issuance and full redemption.
Castor Maritime (NASDAQ: CTRM) agreed on a $50.0 million five‑year sustainability‑linked senior term loan with a European bank, secured by a first‑priority mortgage on four dry bulk vessels and guaranteed by the company; interest is Term SOFR plus a margin adjustable by sustainability performance and net proceeds will be used for general corporate purposes.
On October 13, 2025, Castor and Toro agreed to the full redemption and cancellation of 60,000 shares of 8.75% Series E cumulative perpetual convertible preferred shares for cash equal to stated amount plus 0.523% and accrued distributions; Toro’s chairman/CEO is also Castor’s chairman/CEO/CFO.
Castor Maritime (NASDAQ:CTRM) reported challenging Q2 2025 results, with significant year-over-year declines across key metrics. Total vessel revenues decreased by 37.4% to $10.2 million, while net income fell 72.5% to $6.3 million compared to Q2 2024. The company's cash position declined to $44.8 million from $87.9 million in December 2024.
During Q2, Castor completed two vessel disposals and made substantial debt prepayments, reducing total debt to $5.3 million as of June 30, 2025. The company also announced a new $60 million Series E Preferred Shares issuance to Toro Corp. with an 8.75% distribution rate.
The decline in performance was attributed to reduced Available Days following vessel sales and lower dry bulk charter rates. Management remains confident in long-term fundamentals despite near-term market headwinds.
Castor Maritime Inc. (NASDAQ: CTRM), a diversified global shipping and energy company, held its 2025 Annual General Meeting of Shareholders on September 12, 2025, in Limassol, Cyprus. The shareholders approved two key proposals: the re-election of Mr. Dionysios Makris as Class B Director until 2028 and the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for fiscal year 2025.
The company currently operates a fleet of 9 vessels with a total capacity of 0.6 million dwt and holds a majority stake in Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG.
Castor Maritime Inc. (NASDAQ: CTRM) reported challenging Q1 2025 results with significant declines across key metrics. The company posted a net loss of $23.3 million, compared to net income of $22.3 million in Q1 2024, primarily due to $26.4 million in unrealized losses from equity method investments.
Total vessel revenues decreased 44.6% to $11.3 million from $20.4 million in Q1 2024. The company maintained a strong cash position of $78.3 million as of March 31, 2025. Notably, Castor fully repaid its $100 million Toro loan through multiple prepayments during Q1 2025.
The company completed two vessel disposals during Q1 2025 and has continued its fleet optimization strategy with additional vessel sales. The average Daily TCE Rate declined to $9,555 from $13,411 in the same period last year, reflecting softer dry bulk market conditions.
Castor Maritime Inc. (NASDAQ: CTRM) has completed a sale and leaseback transaction for its vessel M/V Magic Thunder, a 2011-built Kamsarmax bulk carrier. The transaction, finalized on July 29, 2025, involves a $14.6 million bareboat financing arrangement with a Japanese counterparty.
The agreement spans five years and includes a purchase option for Castor starting from the end of the second year. The Company currently operates a fleet of 9 vessels with a total capacity of 0.6 million dwt and holds a majority stake in Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG.
Castor Maritime Inc. (NASDAQ: CTRM), a diversified global shipping and energy company, has announced its 2025 Annual General Meeting of Shareholders scheduled for September 12, 2025 at 6:00 p.m. local time in Limassol, Cyprus.
The company has set July 14, 2025 as the record date for determining shareholders eligible to vote. Proxy materials will be distributed around July 29, 2025 and will be available on both the SEC website and Castor's corporate website.
Castor currently operates a fleet of 9 vessels with a total capacity of 0.6 million dwt and holds a majority stake in Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG.