Castor Maritime Inc. Website

Castor Maritime Inc.

NasdaqCM-CTRM

Company Overview

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.

  • Name

    Castor Maritime Inc.

  • CEO

    Petros Panagiotidis

  • Website

    www.castormaritime.com

  • Sector

    Marine Transportation

  • Year Founded

    2017

Company Statistics

Profile

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What's happening

Nov 12, 2025 - Dec 12, 2025

Castor Maritime Inc. Surges Amid Strong Financial Results and Market Confidence

  • Castor Maritime Inc's net income surged to $21 million, significantly up from $2.8 million year-over-year.
  • The company reported a 20.4% increase in stock performance over the past month, outperforming the S&P 500 by 19.7%.
  • Concerns regarding capital structure did not diminish overall investor confidence in CTRM’s recent achievements.

Over the past month, Castor Maritime Inc (CTRM) experienced a notable increase in stock performance, rising by 20.4%. This surge highlights CTRM's robust market activity during this period and significantly outperformed the S&P 500's modest gain of 0.7%, resulting in an impressive relative performance of 19.7%. The positive momentum was particularly evident on December 3rd when CTRM saw an impressive jump of 7.8% following the release of strong Q3 financial results.

The company's net income soared to $21 million from just $2.8 million year-over-year, while earnings per share rose to $0.23 from $0.14, indicating improved operational efficiency and favorable market conditions for CTRM during this timeframe. Additionally, total revenue increased substantially to approximately $20.96 million compared to last year's figures of $13.4 million due to enhanced charter demand and improved rates as highlighted by CEO Petros Panagiotidis during their earnings call.

Despite these strong results, some analysts expressed concerns about CTRM’s capital structure and historical performance, labeling it as uninvestable for certain investors; however, this sentiment did not overshadow the overall bullish outlook surrounding its recent achievements or diminish investor confidence within the dry-bulk shipping sector.

In comparison with sector performance metrics during this timeframe, Castor Maritime Inc outperformed the Industrials (XLI) sector by 18.1%. This context further emphasizes how well CTRM has navigated current market conditions relative not only to broader indices but also within its specific industry segment.

NasdaqCM:CTRM