Earnings ·
Castor Maritime Inc. filed its unaudited consolidated interim financial statements for the six months ended June 30…
CTRMCastor Maritime Inc.
Castor Maritime Inc. filed its unaudited consolidated interim financial statements for the six months ended June 30, 2026. The company reported a net income of $96.0 million compared to a net loss of $17.0 million in the prior year period. Total vessel revenues increased by 25% to $26.8 million, driven by higher Daily Time Charter Equivalent rates averaging $15,859. Revenue from services rose to $20.0 million. The company acquired two new Kamsarmax vessels, M/V Magic Jupiter and M/V Magic Saturn, for a combined purchase price of $79.42 million in June 2026. Additionally, Castor contributed the M/V Magic Starlight to a joint venture in July 2026 in exchange for a 30% equity interest and $18.75 million in cash. The company operates in the global shipping and energy infrastructure sector.