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CTRM

Castor Maritime Inc.

https://www.castormaritime.com

Industry

Marine Shipping

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.

Open

3.91

Mkt cap

38M

Volume

35K

High

3.93

P/E Ratio

1.33

52-wk high

6.50

Low

3.89

Div yield

N/A

52-wk low

2.85

Castor Maritime Inc. reported a net income of $2.8 million for Q3 2024 and $48.0 million for the first nine months of 2024, indicating strong financial performance.

Portfolio Pulse from

November 07, 2024 | 2:15 pm

Castor Maritime has taken delivery of a 2020-built Kamsarmax bulk carrier named M/V Magic Ariel. The acquisition was financed with cash on hand. The vessel is secured under a time charter contract for a minimum of seven months at 108% of the Baltic Panamax Index 5TC.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:07 pm

The article reports on the after-market movements of various industrial stocks on Wednesday. Notable gainers include Graphex Gr (GRFX), Lucas GC (LGCL), and VCI Global (VCIG), while significant losers include Nixxy (NIXX), Professional Diversity (IPDN), and XCHG (XCH).

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 8:31 pm

Castor Maritime has announced the acquisition of a 2020-built Kamsarmax bulk carrier for $29.95 million, with delivery expected in October 2024.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:03 pm

Castor Maritime Inc. (NASDAQ:CTRM) has agreed to acquire a 2009-built 1,850 TEU containership for $16.49 million, financed with cash on hand. The acquisition is expected to close by October 2024, with the vessel employed under a four-month time charter at $29,000 per day.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:03 pm

Castor Maritime (NASDAQ:CTRM) reported Q2 earnings per share (EPS) of $1.02, an 18.6% increase from $0.86 YoY. However, sales dropped 35.60% to $16.28 million from $25.28 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:06 pm

Castor Maritime has announced an agreement to acquire a 2015-built Ultramax dry bulk carrier for $25.5 million through its wholly-owned subsidiary.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:00 pm

The article highlights the pre-market movements of 12 industrial stocks on Friday. Zoomcar Holdings (ZCAR) saw the highest gain with a 32.8% increase, while Professional Diversity (IPDN) experienced the largest decline, dropping by 18.4%. Other notable gainers include Simpple (SPPL) and Quhuo (QH), while ESGL Holdings (ESGL) and Castor Maritime (CTRM) were among the losers.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:07 pm

The article highlights the intraday movements of 12 industrial stocks on Monday. Notable gainers include Silynxcom (SYNX), Castor Maritime (CTRM), and Alpha Pro Tech (APT), while significant losers include iPower (IPW), Lichen China (LICN), and Nuvve Holding (NVVE).

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 4:31 pm

Shares of shipping and tanker stocks are trading lower amid reported hopes of an Israel-Hamas ceasefire, which could ease Red Sea uncertainty and pressure freight rates.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:06 pm

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