Earnings ·
Castor Maritime Inc. reported net income of $26.8 million for the three months ended June 30, 2026, and $96.0 million…
CTRMCastor Maritime Inc.
Castor Maritime Inc. reported net income of $26.8 million for the three months ended June 30, 2026, and $96.0 million for the six-month period, compared to a net loss of $17.0 million in the prior year period. Total revenues reached $46.8 million for the first half of 2026, driven by improved dry bulk market conditions and higher time charter equivalent rates averaging $15,859 per day. The company acquired two modern-eco Kamsarmax bulk carriers, M/V Magic Jupiter and M/V Magic Saturn, for a combined purchase price of $79.4 million. Additionally, Castor prepaid $22.3 million of its sustainability-linked senior term loan facility and completed a sale and leaseback transaction for the M/V Magic Perseus. The company operates in the global shipping and energy sector.