Castor Maritime Inc - CTRM - Share Chat

Castor Maritime Inc. Reports $6.5 Million net profit for the Three Months Ended June 30, 2021 and $7.6 Million net profit for the Six Months Ended June 30, 2021

Limassol, Cyprus, August 11, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”) a diversified global shipping company, announces the acquisition of two dry bulk carrier vessels.

On August 6, 2021, it took delivery of the M/V Magic Pluto , the 2013 Japanese-built Panamax dry bulk carrier it had agreed to acquire as previously announced on May 17, 2021.

On August 9, 2021, it took delivery of the M/V Magic Perseus , the 2013 Japanese-built Kamsarmax dry bulk carrier it had agreed to acquire as previously announced on May 4, 2021.

Both acquisitions were financed in their entirety with cash on hand.

Aug 26

Investor sentiment improved over the past week

After last week’s 16% share price gain to US$2.17, the stock trades at a trailing P/E ratio of 14.9x.

  • Average trailing P/E is 12x in the Shipping industry in the US.
  • Total returns to shareholders of 32% over the past year.
    SimplyWallSt.
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Castor Maritime Inc. Announces New Charter Agreements

Limassol, Cyprus, September 13, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that:

The M/V Magic Nebula , a 2010 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $31,750. The charter commenced on September 4, 2021, and has a minimum duration of six months and a maximum duration of eight months (+/- 15 days) at the charterer’s option.

The M/V Magic Moon , a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $30,250. The charter commenced on August 31, 2021, and has a duration of about 90 days.

The M/V Magic Nova , a 2010 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $32,000 plus a one-time gross ballast bonus of $1,300,000. The charter is expected to commence on or around September 17, 2021, and will have a duration of about 70 days…

I wonder if this will influence the price of shares

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