Castor Maritime Inc. (NASDAQ: CTRM) is a maritime transportation company that owns and operates vessels serving international shipping markets. Its business is centered on the transportation of dry bulk commodities, crude oil and refined petroleum products, and containerized cargo.
The company’s fleet has included dry bulk carriers, tankers and containerships. These vessels transport goods such as iron ore, coal, grain, other bulk commodities, petroleum products and manufactured cargo on international trade routes. Castor Maritime generates revenue primarily by chartering its vessels to customers, either through voyage contracts or time-charter arrangements.
Castor Maritime was established in 2017 and is incorporated in the Republic of the Marshall Islands, with executive operations based in Limassol, Cyprus. Its vessels serve global markets rather than a single geographic region, and the company’s fleet composition has changed over time as it acquires, sells and charters vessels.
Petros Panagiotidis is Castor Maritime’s founder and chief executive officer and has been closely associated with the company’s strategic direction and fleet development. Like other international shipping companies, Castor Maritime’s performance is influenced by vessel supply and demand, charter rates, fuel costs, regulatory requirements and broader global trade conditions.
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