Castor Maritime Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $22.6M
- Price
- $2.34
- % Change (Daily % change from the live per-ticker quote feed.)
- +3.54%
- Volume
- 65.6K
About
Castor Maritime Inc. provides shipping services worldwide. The company operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. It offers seaborne transportation services for dry bulk cargo; commodities, such as iron ore, coal, soybeans, etc.; and crude oil and refined petroleum products. As of December 31, 2021, the company owned and operated a fleet of 29 vessels primarily consisting of two Handysize tanker vessels, seven Aframax/LR2 tanker vessels, and 14 dry bulk vessels. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.
Quick stats
Shares outstanding9.7M
Computed float9.7M
Float / shares100.0%
Key info
SectorIndustrials
IndustryMarine Shipping
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001720161
AI Summary
AI-generated1/8
standardbullishpartnership
Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight
Castor Maritime established a joint venture with investors arranged by Fearnley Securities AS, contributing the M/V Magic Starlight in exchange for a 30% equity interest and $18.75 million in cash.
The JV financed the acquisition through an $11.5 million sustainability-linked senior term loan from a European bank and partner contributions, with the loan secured by the vessel and guaranteed by Castor.
The company expects to record a net gain of approximately $2.9 million from the transaction in the third quarter of 2026, bolstering its liquidity position.
Red flags
- Company guarantees the Joint Venture's senior term loan