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Castor Maritime Inc.
Castor Maritime and Toro Corp. have agreed to amend the terms of their respective cross-held convertible preferred shares, extending the earliest conversion dates by one year. The conversion date for Castor Series D Preferred Shares is now January 1, 2028, and for Toro Series A Preferred Shares is March 7, 2028. These amendments were approved by the boards of both companies, which share the same Chairman and CEO.…more
Castor Maritime Inc.
Castor Maritime announced the results of its 2026 Annual General Meeting held on September 11, 2026. Shareholders approved the re-election of Petros Panagiotidis as a Class C Director until 2029 and the appointment of Deloitte as the company's independent auditor for the 2026 fiscal year.…more
Castor Maritime Inc.
Castor Maritime reported its financial results for the first half of 2026, highlighting fleet expansion and asset management operations. In June 2026, the company acquired the M/V Magic Jupiter and M/V Magic Saturn for $37.50 million and $41.92 million, respectively, and subsequently contributed the M/V Magic Starlight to a joint venture in August 2026, receiving a 30% equity stake and $18.75 million in cash.…more
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Castor Maritime Reports Strong Q2 Growth in EPS and Revenue
Castor Maritime reported a Q2 EPS of $0.31, marking a 210% increase compared to the same period last year. Quarterly revenue also grew by 42.5% to $25.567 million, reflecting significant year-over-year performance improvement.…more
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Castor Maritime achieved significant year-over-year earnings growth driven by improved freight rates and fleet expansion. Investors should note that a substantial portion of the net income was derived from fair value gains on equity investments.…more
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캐스터 매리타임이 보유 선박을 합작법인에 현물 출자하며 30% 지분과 함께 약 1,875만 달러의 현금을 확보했습니다. 이번 거래를 통해 회사는 3분기 중 약 290만 달러의 순이익을 기록할 것으로 예상됩니다.…more
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