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Castor Maritime Inc. Reports Net Income of $22.9 Million for the Three Months Ended June 30, 2024 and Net income of $45.2 Million for the Six Months Ended June 30, 2024
GlobeNewswire News Room· 2024-08-08 13:00
LIMASSOL, Cyprus, Aug. 08, 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 and six months ended June 30, 2024. Earnings Highlights of the Second Quarter Ended June 30, 2024: Total vessel revenues: $16.3 million for the three months ended June 30, 2024, as compared to $25.3 million for the three months ended June 30, 2023, or a 35.6% decrease; Net income of $22.9 million for the t ...
Castor Maritime Inc. Announces the Date of its 2024 Annual General Meeting of Shareholders
Newsfilter· 2024-08-06 13:00
LIMASSOL, Cyprus, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announced today that its Board of Directors (the "Board") has scheduled the Company's 2024 Annual General Meeting of Shareholders (the "Meeting") to be held on September 6, 2024, at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of July 8, 2024 (the "Record D ...
Castor Maritime Inc. Announces the Acquisition of its First Ultramax Vessel
Newsfilter· 2024-07-25 13:00
LIMASSOL, Cyprus, July 25, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that on July 16, 2024, it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015-built Ultramax dry bulk carrier vessel from an unaffiliated third-party, for a purchase price of $25.5 million. The acquisition is expected to be concluded by taking delivery of the vessel during the third quarter of 2024 and is su ...
Castor Maritime Inc. Announces Final Results of Tender Offer to Purchase its Outstanding Common Share Purchase Warrants Issued on April 7, 2021
Newsfilter· 2024-06-03 13:00
LIMASSOL, Cyprus, June 03, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM) ("Castor" or the "Company"), a diversified global shipping company, announces today the final results of its tender offer (the "Offer") to purchase all of its outstanding Common Share Purchase Warrants issued on April 7, 2021 (the "Warrants"), which expired at 5:00 P.M. Eastern time on May 31, 2024. Based on the final count by the Company, 10,080,770 Warrants, exercisable in the aggregate into 1,008,077 Common Shares, wer ...
Pennies to Retirement Riches: 3 Low-Priced Stocks to Buy and Hold for Decades
Investor Place· 2024-06-03 10:00
As we move into June, I've pinpointed three top penny stocks that could be excellent long-term investments. While many investors, myself included, have been watching the cryptocurrency market, especially Bitcoin (BTC-USD) as it aims for another new all-time high, there are also some compelling penny stocks that I believe offer great value. Regardless of risk tolerance or investment horizon, it's worth considering allocating a small portion of your portfolio to promising penny stocks for long-term growth. Th ...
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Horizon
globenewswire.com· 2024-05-28 13:00
Core Viewpoint - Castor Maritime Inc. has successfully completed the sale of the M/V Magic Horizon for $15.8 million, expecting a net gain of approximately $4.6 million from this transaction in Q2 2024 [1][2]. Company Overview - Castor Maritime Inc. is a diversified global shipping company that provides shipping transportation services through its ownership of oceangoing cargo vessels [3]. - The company owns a fleet of 10 vessels with a total capacity of 0.7 million deadweight tons (dwt), which includes three Kamsarmax vessels, five Panamax dry bulk vessels, and two 2,700 TEU containership vessels [3].
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Horizon
Newsfilter· 2024-05-28 13:00
Core Viewpoint - Castor Maritime Inc. has successfully completed the sale of the M/V Magic Horizon for $15.8 million, expecting a net gain of approximately $4.6 million from this transaction in Q2 2024 [1][2]. Company Overview - Castor Maritime Inc. is a diversified global shipping company that provides shipping transportation services through its ownership of oceangoing cargo vessels [3]. - The company owns a fleet of 10 vessels with a total capacity of 0.7 million deadweight tons (dwt), which includes three Kamsarmax vessels, five Panamax dry bulk vessels, and two 2,700 TEU containership vessels [3].
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Vela
Newsfilter· 2024-05-23 13:00
Core Viewpoint - Castor Maritime Inc. has successfully completed the sale of the M/V Magic Vela for $16.4 million, expecting a net gain of approximately $2.7 million from this transaction in Q2 2024 [1][2]. Company Overview - Castor Maritime Inc. is a diversified global shipping company that provides shipping transportation services through its ownership of oceangoing cargo vessels [3]. - The company owns a fleet of 11 vessels with a total capacity of 0.8 million deadweight tons (dwt), including three Kamsarmax vessels, six Panamax dry bulk vessels, and two 2,700 TEU containership vessels [3].
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Vela
globenewswire.com· 2024-05-23 13:00
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, ...
Castor Maritime Inc. Extends Tender Offer to Purchase its Outstanding Common Share Purchase Warrants Issued on April 7, 2021
Newsfilter· 2024-05-16 13:00
Core Viewpoint - Castor Maritime Inc. has extended the expiration date of its tender offer to purchase outstanding Common Share Purchase Warrants from May 20, 2024, to May 31, 2024 [1][2]. Group 1: Tender Offer Details - The tender offer is for all outstanding Common Share Purchase Warrants issued on April 7, 2021, and the new expiration time is set for 5:00 P.M. Eastern Time on May 31, 2024 [1]. - The terms of the offer are detailed in the Offer to Purchase dated April 22, 2024, which has been amended on May 16, 2024, and filed with the U.S. Securities and Exchange Commission (SEC) [2]. Group 2: Company Overview - Castor Maritime Inc. is a diversified global shipping company that provides shipping transportation services through its ownership of oceangoing cargo vessels [4]. - The company owns a fleet of 12 vessels with a total capacity of 0.8 million deadweight tons (dwt), including three Kamsarmax vessels and seven Panamax dry bulk vessels [4].