LIMASSOL, Cyprus, May 28, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that on May 28, 2024, it completed the previously announced sale of the M/V Magic Horizon, a 2010-built Panamax bulk carrier vessel, for a price of $15.8 million, by delivering the vessel to its new owner. The Company expects to record a net gain of approximately $4.6 million from the above-mentioned sale, excluding any transaction-related cost ...

LIMASSOL, Cyprus, May 23, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that on May 23, 2024, it completed the previously announced sale of the M/V Magic Vela, a 2011-built Panamax bulk carrier vessel, for a price of $16.4 million, by delivering the vessel to its new owner. The Company expects to record a net gain of approximately $2.7 million from the above-mentioned sale, excluding any transaction-related costs, ...

LIMASSOL, Cyprus, May 23, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that on May 23, 2024, it completed the previously announced sale of the M/V Magic Vela, a 2011-built Panamax bulk carrier vessel, for a price of $16.4 million, by delivering the vessel to its new owner. The Company expects to record a net gain of approximately $2.7 million from the above-mentioned sale, excluding any transaction-related costs, ...

LIMASSOL, Cyprus, May 16, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) ("Castor" or the "Company"), a diversified global shipping company, today announced its results for the three months ended March 31, 2024. Earnings Highlights of the First Quarter Ended March 31, 2024: (1) EBITDA and Adjusted EBITDA are not recognized measures under United States generally accepted accounting principles ("U.S. GAAP"). Please refer to Appendix B for the definition and reconciliation of these measures to Ne ...

LIMASSOL, Cyprus, May 16, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces today that it has extended the expiration date of its previously announced tender offer (the "Offer") to purchase all of its outstanding Common Share Purchase Warrants issued on April 7, 2021 (the "Warrants"). The Offer is now scheduled to expire at 5:00 P.M. Eastern Time on May 31, 2024, unless further extended. The Offer was previously schedul ...

LIMASSOL, Cyprus, April 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that it has commenced today a tender offer (the "Offer") to purchase all of its 10,330,770 outstanding Common Share Purchase Warrants issued on April 7, 2021 (the "Warrants") at a price of $0.105 per Warrant, net to the seller in cash, without interest. Payments made pursuant to the Offer will be rounded down to the nearest whole cent. The War ...

LIMASSOL, Cyprus, April 18, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that on April 18, 2024, it completed the previously announced sale of the M/V Magic Nebula, a 2010-built Kamsarmax bulk carrier vessel, for a price of $16.2 million, by delivering the vessel to its new owner, an entity affiliated with a family member of our Chairman, Chief Executive Officer and Chief Financial Officer. The Company expects to r ...

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LIMASSOL, Cyprus, March 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor", or the "Company"), a diversified global shipping company, announces that its board of directors (the "Board") has determined to effect a 1-for-10 reverse stock split of the Company's common shares. The Company's shareholders approved the reverse stock split by a ratio of not less than 1-for-two and not more than 1-for-100 and granted the Board the authority to determine the exact split ratio and when to proce ...

LIMASSOL, Cyprus, March 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that on March 22, 2024, it completed the previously announced sale of the M/V Magic Orion, a 2006-built Capesize bulk carrier vessel, for a price of $17.4 million, by delivering the vessel to its new owner. The Company expects to record a net gain of approximately $2.0 million from the above-mentioned sale, excluding any transaction-related co ...