Welcome to our dedicated page for Castor Maritime SEC filings (Ticker: CTRM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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.
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.
Castor Maritime Inc. reported net income of $17.6 million for the three months and $21.5 million for the year ended December 31, 2025. Total vessel revenues fell to $13.3 million in the quarter from $15.0 million a year earlier as fleet days declined after vessel sales, partly offset by higher charter rates and $9.2 million of service revenue from the MPC Capital asset‑management business. Full-year total revenues reached $81.8 million, driven by $35.6 million of service revenue and gains from equity method investments. Cash, including restricted cash, increased to $152.8 million as of December 31, 2025, while total debt, including financial liabilities, decreased to $85.6 million, helped by vessel sale proceeds, a $50.0 million sustainability-linked term loan and two Kamsarmax sale‑and‑leaseback financings.
Castor Maritime Inc. director and officer Panagiotidis Petros Panagiotis has filed an initial statement of indirect holdings in the company. The filing shows 11,240 Common Shares and 12,000 Series B Preferred Shares held through Thalassa Investment Co. S.A., with a disclaimer that he is not necessarily the beneficial owner beyond any pecuniary interest.
Castor Maritime Inc. director Dionysios Makris filed an initial statement of beneficial ownership on Form 3. This filing lists him as a director of the company but does not report any stock purchases, sales, option exercises, or other transactions. It simply establishes his status as an insider for future ownership and trading disclosures.
Castor Maritime Inc. director Angelos Rounick has filed an initial Form 3, which is a statement of beneficial ownership for insiders. This filing establishes his reporting status as a director of Castor Maritime but does not list any buy, sell, or other share transactions.
Castor Maritime Inc. entered a $50.0 million sustainability-linked senior term loan with a European bank, secured by first-priority mortgages on four dry bulk vessels and guaranteed by the company. The five-year Facility bears interest at Term SOFR plus a margin that may adjust based on performance against sustainability targets. Net proceeds will be used for general corporate purposes.
Castor also completed the full redemption of 60,000 of its 8.75% Series E cumulative perpetual convertible preferred shares on October 13, 2025. The redemption price equaled the stated amount plus 0.523%, including accrued and unpaid distributions, and the shares were cancelled. The counterparty, Toro Corp., is Nasdaq-listed; its Chairman and CEO also serves as Castor’s Chairman, CEO and CFO. Both boards approved the terms following recommendations from special committees of disinterested and independent directors.