Mission Statement:
We are a growth-oriented global shipping company engaged in the seaborne transportation of a wide range of commodities along worldwide shipping routes through our ownership of dry bulk and tanker vessels.
Recent News
1. Limassol, Cyprus, April 9, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the
“Company”), a diversified global shipping company, announces that it entered, through a
separate wholly-owned subsidiary, into an agreement to purchase a 2011 Japanese-built
Panamax dry bulk carrier from an unaffiliated third-party for a purchase price of $18.48 million.
2. “We are pleased to announce the successful delivery of the M/T Wonder Sirius, the second of
our two Aframax LR2 tankers. These timely acquisitions into the tanker sector diversify our
revenue sources while the attached charters provide us with cashflow security throughout 2021.
Our two tankers are projected to generate in aggregate, assuming no off-hire days,
approximately $10 million of gross revenues for the minimum scheduled period of the charters,
or approximately $21 million should the charterer exercise their options to extend both charters
by an additional one-year term. These figures do not take into account any profit sharing that
may apply above the minimum daily hire of $15,000.”
3. Limassol, Cyprus, March 19, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the
“Company”), a diversified global shipping company, announces that on March 17, 2021, it took
delivery of the M/V Magic Orion, a 2006 Japanese-built Capesize dry bulk carrier, and on March
18, 2021, it took delivery of the M/V Magic Argo, a 2009 Japanese-built Kamsarmax dry bulk
carrier, pursuant to the transactions previously announced on January 20 and February 3, 2021,
respectively. Both acquisitions were financed in their entirety with cash on hand.
The M/V Magic Orion is expected to commence employment under a time charter contract on or
around March 20, 2021, at a daily gross charter rate of $21,000 and an expected term of about
35 days. The M/V Magic Argo is expected to commence employment under a time charter
contract on or around March 21, 2021, at a daily gross charter rate of $25,100 and an expected
term of about four months.
*Not Financial Advice
What do you think?
Like Follow Agree Disagree!
We are a growth-oriented global shipping company engaged in the seaborne transportation of a wide range of commodities along worldwide shipping routes through our ownership of dry bulk and tanker vessels.
Recent News
1. Limassol, Cyprus, April 9, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the
“Company”), a diversified global shipping company, announces that it entered, through a
separate wholly-owned subsidiary, into an agreement to purchase a 2011 Japanese-built
Panamax dry bulk carrier from an unaffiliated third-party for a purchase price of $18.48 million.
2. “We are pleased to announce the successful delivery of the M/T Wonder Sirius, the second of
our two Aframax LR2 tankers. These timely acquisitions into the tanker sector diversify our
revenue sources while the attached charters provide us with cashflow security throughout 2021.
Our two tankers are projected to generate in aggregate, assuming no off-hire days,
approximately $10 million of gross revenues for the minimum scheduled period of the charters,
or approximately $21 million should the charterer exercise their options to extend both charters
by an additional one-year term. These figures do not take into account any profit sharing that
may apply above the minimum daily hire of $15,000.”
3. Limassol, Cyprus, March 19, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the
“Company”), a diversified global shipping company, announces that on March 17, 2021, it took
delivery of the M/V Magic Orion, a 2006 Japanese-built Capesize dry bulk carrier, and on March
18, 2021, it took delivery of the M/V Magic Argo, a 2009 Japanese-built Kamsarmax dry bulk
carrier, pursuant to the transactions previously announced on January 20 and February 3, 2021,
respectively. Both acquisitions were financed in their entirety with cash on hand.
The M/V Magic Orion is expected to commence employment under a time charter contract on or
around March 20, 2021, at a daily gross charter rate of $21,000 and an expected term of about
35 days. The M/V Magic Argo is expected to commence employment under a time charter
contract on or around March 21, 2021, at a daily gross charter rate of $25,100 and an expected
term of about four months.
*Not Financial Advice
What do you think?
Like Follow Agree Disagree!