Castor Maritime Inc. filings document the disclosures of a foreign private issuer engaged in global shipping, asset management, ship management and energy infrastructure projects. Its Form 6-K reports provide quarterly and annual financial results, interim financial statements, management discussion and analysis, vessel revenue and service revenue disclosures, voyage expenses, debt and capital-structure information.
The filing record also covers material financing and securities matters, including sustainability-linked term-loan arrangements, vessel sale-and-leaseback transactions, Series E preferred-share issuance and redemption, and incorporation by reference into Form F-3 registration statements. Proxy materials document annual meeting matters, while ownership notices reflect major holdings associated with MPC Capital and affiliated entities.
On October 8, 2026, Castor Maritime Inc. (CTRM) and Toro Corp. agreed to amend the terms of reciprocal preferred shares to extend their earliest conversion dates by one year. Castor’s 5.00% Series D Cumulative Perpetual Convertible Preferred Shares, held by a wholly owned Toro subsidiary, would have an earliest conversion date of January 1, 2028; Toro’s 1.00% Series A Fixed Rate Cumulative Perpetual Preferred Convertible Shares, held by a wholly owned Castor subsidiary, would have an earliest conversion date of March 7, 2028.
Both companies’ boards approved the amendments following recommendations from their respective special committees of disinterested and independent directors, which negotiated the amendments. Petros Panagiotidis is Castor’s Chairman, Chief Executive Officer and Chief Financial Officer, and Toro’s Chairman and Chief Executive Officer.
Castor Maritime Inc. (CTRM) reported that its 2026 Annual General Meeting of Shareholders was duly held on September 11, 2026 in Limassol, Cyprus, and that the proposals presented at the meeting were approved and adopted. The company describes itself as a diversified global shipping and energy company involved in asset management, vessel ownership, technical and commercial ship management, and energy infrastructure projects. Castor operates a wholly or partially owned fleet of 11 vessels with an aggregate capacity of 0.9 million dwt and is the majority shareholder of Frankfurt-listed asset manager MPC Oceanic Group AG.
Castor Maritime Inc. (CTRM) reports unaudited results for the six months ended June 30, 2026, showing a strong turnaround in profitability. Total revenues rose to $46.8 million from $38.3 million, driven by higher time charter, pool and service revenues. Net loss of $17.0 million in the prior-year period turned into net income of $96.0 million, with $65.5 million attributable to Castor and $61.4 million attributable to common shareholders, largely reflecting a $69.6 million net gain from equity method investments measured at fair value, mainly MPC Container Ships ASA.
Total assets increased to $891.3 million from $797.4 million, as vessels, net, grew to $231.7 million following the cash-funded acquisitions of the M/V Magic Jupiter ($37.5 million) and M/V Magic Saturn ($41.9 million). Cash and cash equivalents declined from $151.8 million to $108.4 million, primarily due to vessel purchases and investments. Long‑term debt, net, decreased to $45.3 million, including a voluntary prepayment of $22.3 million on a $50.0 million term loan, while sale‑and‑leaseback financial liabilities rose to $27.3 million.
Castor Maritime Inc. (CTRM) reported a strong turnaround for the three and six months ended June 30, 2026, with net income of $26.8 million for the quarter and $96.0 million year-to-date, compared with net income of $6.3 million and a loss of $17.0 million in the prior-year periods.
Total vessel revenues rose to $14.9 million from $10.2 million, driven by an increase in the average Daily TCE Rate to $16,700 from $11,516 and 100% fleet utilization, while revenue from services grew to $10.7 million from $7.8 million as the asset‑management business expanded. A large portion of earnings came from a $23.1 million net gain on equity method investments measured at fair value, mainly related to holdings in MPC Container Ships ASA and MPC Energy Solutions N.V.
Adjusted EBITDA for the quarter increased to $16.8 million from $6.4 million. Castor used cash to expand and de‑lever: it acquired two modern-eco Kamsarmax bulk carriers for about $79.6 million, formed a joint venture around the M/V Magic Starlight, and voluntarily prepaid $22.3 million on a $50.0 million sustainability-linked term loan, reducing total debt to $73.8 million as of June 30, 2026, while cash and restricted cash stood at $109.4 million.
Castor Maritime Inc. entered into 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. The company contributed the vessel in exchange for a 30% equity interest and cash consideration of $18.75 million.
The joint venture financed the acquisition with partner equity and an $11.5 million sustainability-linked senior term loan from a European bank, secured by a first priority mortgage on the vessel and guaranteed by Castor. The transaction was completed on August 6, 2026, and Castor expects to record a net gain of approximately $2.9 million in the third quarter of 2026. Following this transaction, Castor’s fleet comprises 11 vessels totaling 0.9 million dwt, including the Magic Starlight owned through the joint venture.
Castor Maritime Inc. scheduled its 2026 Annual General Meeting of Shareholders for September 11, 2026 at 6:00 p.m. local time at its offices in Limassol, Cyprus. The record date for determining holders entitled to receive notice and vote is July 17, 2026, and common and Series B Preferred shareholders will vote together as a single class.
As of the record date, 9,662,354 common shares and 12,000 Series B Preferred Shares were outstanding; each common share carries one vote and each Series B Preferred Share carries 100,000 votes on the proposals. Shareholders will vote on electing founder and current Chairman, Chief Executive Officer and Chief Financial Officer Petros Panagiotidis as Class C director, and on ratifying Deloitte Certified Public Accountants S.A. as independent auditors for the fiscal year ending December 31, 2026. The company also describes its diversified shipping and energy operations, including a fleet of 11 vessels totaling 0.9 million dwt, and provides extensive forward-looking statement and risk disclosures covering market conditions, financing, regulation and geopolitical events.
Castor Maritime Inc. is expanding its fleet, agreeing through a wholly owned subsidiary to acquire the 2024-built modern-eco Kamsarmax bulk carrier M/V Magic Saturn from an unaffiliated third party for $41.9 million, funded with cash on hand. The company took delivery of Magic Saturn on June 29, 2026, the same day it also took delivery of the 2023-built modern-eco Kamsarmax M/V Magic Jupiter, a vessel it had previously agreed to acquire. Following these additions, Castor reports a fleet of 11 vessels with an aggregate capacity of 0.9 million dwt, supporting its diversified global shipping and energy activities.
Castor Maritime Inc. reported that it has agreed, through a wholly owned subsidiary, to acquire a 2023-built modern-eco Kamsarmax dry bulk carrier from an unaffiliated seller for $37.5 million. The company plans to fund the purchase with cash on hand, so no new financing is mentioned.
The deal is expected to close by taking delivery of the vessel by the end of the quarter, subject to customary closing conditions. After this acquisition, Castor Maritime’s fleet is expected to comprise 10 vessels with a total capacity of about 0.7 million dwt, modestly expanding its shipping footprint.
Castor Maritime Inc. reported a sharp turnaround for the three months ended March 31, 2026, with net income of $69.2 million versus a net loss a year earlier. Total revenues edged up to $21.3 million, as vessel revenues rose on much higher charter rates and services revenue increased modestly.
Shipping performance improved, with the Daily TCE Rate climbing to $14,926 from $9,555, despite a smaller fleet after prior vessel sales. A large portion of profitability came from a $46.5 million net gain on equity method investments measured at fair value and $18.5 million in other income, including foreign exchange gains and securities gains.
Adjusted net income grew to $9.6 million and Adjusted EBITDA to $15.2 million, indicating stronger underlying operations. Cash, cash equivalents and restricted cash increased to $192.8 million, helped by positive operating cash flow, portfolio activity, and a $15.6 million sale-and-leaseback financing of the M/V Magic Perseus, while total debt rose to $98.4 million.
Castor Maritime Inc. files its annual Form 20-F outlining its 2025 business, capital structure and key risks. The company focuses on dry bulk shipping, has expanded into containerships and, following the MPC Capital acquisition, added an asset management segment in shipping and energy infrastructure.
As of December 31, 2025, Castor had 9,662,354 common shares outstanding after a one-for-ten reverse stock split. In December 2024 it acquired 26,116,378 MPC Capital shares at €7.00 per share, establishing majority control and an asset management platform. The report emphasizes extensive risks: cyclical and volatile charter rates, geopolitical conflicts and sanctions, inflation and bunker fuel volatility, stricter environmental and recycling rules, insurance and operational hazards at sea, and regulatory and competitive pressures on the new asset management business.