Castor Maritime Inc.

Castor Maritime Inc. announced the establishment of a Joint Venture with third-party investors. The company contributed its M/V Magic Starlight vessel to the JV in exchange for a 30% equity interest and $18.75 million in cash consideration. The Joint Venture secured a $11.5 million sustainability-linked senior term loan to fund the acquisition. Castor Maritime expects to record a net gain of approximately $2.9 million from this transaction in the third quarter of 2026, and its fleet now consists of 11 vessels.

Castor Maritime Inc. announced that its 2026 Annual General Meeting of Shareholders will be held on September 11, 2026, in Limassol, Cyprus. The record date for shareholders to vote has been set for July 17, 2026. Shareholders will consider proposals including the election of a Class C Director and the ratification of Deloitte Certified Public Accountants S.A. as the company's independent auditors for the fiscal year 2026.

Castor Maritime Inc. announced that its Board of Directors has scheduled the 2026 Annual General Meeting of Shareholders for September 11, 2026, at 6:00 p.m. local time in Limassol, Cyprus. The record date for shareholders eligible to vote has been fixed as July 17, 2026. The Company's Notice of the Meeting and Proxy Statement will be mailed to shareholders and furnished to the SEC around July 20, 2026.

Castor Maritime Inc. announced the delivery of two vessels, the M/V Magic Saturn and the M/V Magic Jupiter, on June 29, 2026. The M/V Magic Saturn was acquired for $41.9 million. Both acquisitions were funded using the company's cash on hand, expanding Castor Maritime's fleet to 11 vessels with a total capacity of 0.9 million dwt.

Castor Maritime Inc. announced the acquisition of a vessel for $37.5 million. The company expects to fund the acquisition using cash on hand, with the transaction anticipated to close by the end of the current quarter, subject to customary closing conditions. This acquisition will expand Castor Maritime's fleet to 10 vessels, increasing its aggregate capacity to 0.7 million dwt.

Castor Maritime Inc. announced the acquisition of a 2023-built modern-eco Kamsarmax bulk carrier vessel from an unaffiliated third party for $37.5 million. The company expects to fund the acquisition with cash on hand, with delivery anticipated by the end of the current quarter. Upon completion, Castor Maritime's fleet will expand to 10 vessels, with an aggregate capacity of 0.7 million dwt.

Castor Maritime Inc. announced strong financial results for the first quarter ended March 31, 2026. The company reported a net income of $69.2 million, a significant turnaround from a net loss of $23.3 million in the same period last year. Total vessel revenues saw a 5.3% increase to $11.9 million. The company also highlighted improvements in adjusted net income, EBITDA, and adjusted EBITDA, alongside a healthy increase in cash reserves. Management attributed the strong performance to improved market conditions in the dry bulk and containership sectors and positive contributions from its listed equity portfolio.

Castor Maritime Inc. reported a significant turnaround in Q4 2025, with net income reaching $17.6 million, a substantial increase from a $32.7 million loss in Q4 2024. Basic EPS also turned positive to $1.21 from a loss of $1.24. While total vessel revenues decreased by 11.3% to $13.3 million, the company's full-year net income for 2025 increased by 40.5% to $21.5 million. The company also redeemed $60 million in preferred shares and secured a new $50 million sustainability-linked loan.