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.

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.

Castor Maritime Inc. announced the completion of a joint venture transaction involving the contribution of its M/V Magic Starlight, a 2015-built Kamsarmax bulk carrier. Established with third-party investors arranged by Fearnley Securities AS, the company received $18.75 million in cash consideration and retained a 30% equity interest in the vessel. The joint venture funded the acquisition using partner capital and an $11.5 million sustainability-linked senior term loan secured by a first-priority mortgage on the M/V Magic Starlight, which is guaranteed by Castor Maritime. Completed on August 6, 2026, the transaction is expected to generate a net gain of approximately $2.9 million for the company in the third quarter of 2026. Following this divestiture, Castor's fleet consists of 11 vessels with an aggregate capacity of 0.9 million dwt. The company operates as a diversified global shipping and energy firm engaged in asset management, vessel ownership, and technical ship management.

Castor Maritime Inc. announced the acquisition and delivery of the vessel M/V Magic Jupiter on June 30, 2026. The company operates in the maritime shipping industry.