CTRM on Nasdaq

Castor Maritime

Logo: https://castormaritime.com/site/castor/dist/images/logo-castor.svg, CC0, via Wikimedia Commons⁵

Global shipping company

Castor Maritime Inc. is a maritime transport global shipping company that operates and manages tanker ship vessels and cargo bulk carriers. The company was founded by Petros Panagiotidis and Dionysios Makris in early September 2017. The company headquarters is located in Cyprus.³ Its shares trade on Nasdaq under the symbol CTRM.¹ Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

$35.6MRevenue, fiscal 2025⁶

$19.3MNet income, fiscal 2025⁶

Compare with C3is Inc., Pyxis Tankers Inc. or GLOBUS MARITIME LTD, or pick any stock.

TickerCTRM on Nasdaq¹
IndustryDeep Sea Foreign Transportation of Freight¹
HeadquartersCyprus¹
Websitewww.castormaritime.com
Incorporated inMarshall Islands⁷
Business addressChristodoulou Chatzipavlou 223, Hawaii Royal Gardens, Apart. 16, Limassol, G4 3036⁷
Filer categoryNon-accelerated filer⁷
Legal formCorporation⁴
LEI213800G77XJSMF52UL75⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressC/O THE TRUST COMPANY OF THE MARSHALL ISLANDS, INC, 96960 Majuro, Marshall Islands⁴
Registered withMarshall Islands Maritime and Corporate Administrators, 92609⁴

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-51.8%Operating margin⁶

54.2%Net margin⁶

2929.1%Revenue growth, 2025⁶

3.7%Return on equity⁶

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Ship Management brought in 45% of the revenue Castor Maritime broke down this way in fiscal 2025.

Ship Management$15.9M⁶45%up 1795% from 2024
Management Service$9.1M⁶26%up 2834% from 2024
Transaction services$7.3M⁶20%up 3435889% from 2024
Other Revenue$3.3M⁶9%up 12637% from 2024

Products and services by year

Products and services	2024	2025
Ship Management	$838.8K	$15.9M
Management Service	$309.3K	$9.1M
Transaction services	$212	$7.3M
Other Revenue	$26.1K	$3.3M

Regions

Germany brought in 77% of the revenue Castor Maritime broke down this way in fiscal 2025.

Germany$27.2M⁶77%up 3102% from 2024
China$4.0M⁶11%up 3462% from 2024
Netherlands$2.1M⁶6%up 1935% from 2024
PA$1.2M⁶3%up 1642% from 2024
SGMember$1.0M⁶3%up 2480% from 2024
CO$45.4K⁶0%up 2406% from 2024

Regions by year

Regions	2024	2025
Germany	$850.9K	$27.2M
China	$112.5K	$4.0M
Netherlands	$102.8K	$2.1M
PA	$67.2K	$1.2M
SGMember	$39.1K	$1.0M
CO	$1.8K	$45.4K

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costsProfit

Other costs45¢$16.0M
Income tax1¢$323.1K
Profit54¢$19.3M

Out of $35.6M in revenue.⁶

Financial statements

Revenue⁹¹⁰¹¹¹²¹³⁶$35.6M in 2025+798% since 2018

Operating income⁹¹⁰¹¹¹²¹³⁶-$18.4M in 2025

Net income⁹¹⁰¹¹¹²¹³⁶$19.3M in 2025+1864% since 2018

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Total vessel revenues	$46.2M	$65.1M	$97.5M
Revenue from services (including $0, $381,778, $10,764,653 from related parties for the years ended December 31, 2023, 2024, and 2025, respectively)	$35.6M	$1.2M	$0
Total revenues	$81.8M	$66.2M	$97.5M
Vessel operating expenses	-$19.1M	-$26.2M	-$41.9M
Cost of revenue from services (exclusive of depreciation and amortization shown separately below)	-$22.1M	-$1.1M	$0
Management fees to related parties	-$4.0M	-$4.8M	-$7.2M
Depreciation and amortization	-$14.8M	-$15.0M	-$22.1M
(Provision) / recovery of provision for doubtful accounts	$1.6M	-$4.8K	$0
General and administrative expenses (including $3,099,000, $7,859,350 and $3,942,173 to related parties for the years ended December 31, 2023, 2024, and 2025, respectively)	-$19.4M	-$13.3M	-$5.7M
Net gain / (loss) on sale of vessels (including $1,111,135, $2,069,012 and $699,205 to related parties for the years ended December 31, 2023, 2024, and 2025, respectively)	-$2.0M	$19.3M	$6.4M
Gain from a claim	$0	$1.4M	$0
Total expenses, net	-$89.5M	-$47.7M	-$75.5M
Net gain on disposition of assets	$309.7K	$158.4K	$0
Net loss from equity method investments	-$326.1K	$0	$0
Net gain / (loss) from equity method investments measured at fair value	-$10.8M	$2.7M	$0
Total other operating income (expense)	-$10.8M	$2.8M	$0
Operating income / (loss)	-$18.4M	$21.4M	$22.0M
Interest income	$1.9M	$6.9M	$3.2M
Dividend income from equity method investments measured at fair value (related party)	$18.0M	$0	$0
Foreign exchange losses	-$420.4K	-$161.1K	-$92.7K
Dividend income on equity securities	$3.4M	$6.7M	$1.3M
Dividend income from related party	$1.4M	$1.4M	$1.2M
Other, net	$4.7M	$0	$0
Gain on debt securities	$4.1K	$0	$0
Gain / (loss) on equity securities	$16.9M	-$14.7M	$5.1M
Total other (expenses) / income, net	$40.8M	-$6.0M	-$527.0K
Net income from continuing operations, before taxes	$22.4M	$15.4M	$21.5M
Withholding Tax on dividends received	-$542.8K	$0	$0
Income taxes	-$323.1K	-$134.0K	-$177.8K
Net income from continuing operations, net of taxes	$21.5M	$15.3M	$21.3M
Net income from discontinued operations, net of taxes	$0	$0	$17.3M
Net income	$21.5M	$15.3M	$38.6M
Less: Net income attributable to the non-controlling interest	-$2.3M	-$685.9K	$0
Net income attributable to Castor Maritime Inc.	$19.3M	$14.6M	$38.6M
Deemed dividend on warrants repurchase	$0	$0	-$444.9K
Net income attributable to common shareholders of Castor Maritime Inc.	$10.9M	$33.8M	$37.0M
Foreign currency translation	$29.6M	-$1.9M	$0
Net cash flow hedges	$324.7K	-$168.4K	$0
Other comprehensive (loss) / income	$30.0M	-$2.0M	$0
Other comprehensive loss / (income) attributable to noncontrolling interests	-$7.8M	$537.9K	$0
Other comprehensive (loss) / income attributable to Castor Maritime Inc.	$22.1M	-$1.5M	$0
Total comprehensive income	$51.5M	$13.3M	$38.6M
Comprehensive income attributable to noncontrolling interests	-$10.1M	-$148.1K	$0
Total comprehensive income attributable to Castor Maritime Inc.	$41.4M	$13.1M	$38.6M
Earnings per common share, basic attributable to Castor Maritime Inc. common shareholders, continuing operations (in dollars per share)	$1	$4	$2
Earnings per common share, diluted attributable to Castor Maritime Inc. common shareholders, continuing operations (in dollars per share)	$0	$0	$1
Earnings per common share, basic attributable to Castor Maritime Inc. common shareholders, discontinued operations (in dollars per share)	$0	$0	$2
Earnings per common share, diluted attributable to Castor Maritime Inc. common shareholders, discontinued operations (in dollars per share)	$0	$0	$1
Earnings per common share, basic attributable to Castor Maritime Inc. common shareholders, Total (in dollars per share)	$1.13	$3.50	$3.86
Earnings per common share, diluted attributable to Castor Maritime Inc. common shareholders, Total (in dollars per share)	$0.36	$0.38	$1.74
Weighted average number of common shares, basic (in shares)	9.7M shares	9.7M shares	9.6M shares
Weighted average number of common shares, diluted (in shares)	53.7M shares	38.7M shares	22.0M shares
Voyage expenses	$4.1M	$4.2M	$5.1M
Loss on vessels held for sale	$5.6M	$3.6M	$0
Interest and finance costs	$5.0M	$6.1M	$11.3M

Total assets¹⁴⁹¹⁰¹¹¹²¹³⁶$797.4M in 2025+7730% since 2018

Shareholders’ equity¹⁰¹¹¹²¹³⁶$525.4M in 2025+5288% since 2018

Cash⁹¹⁰¹¹¹³⁶$151.8M in 2025+7942% since 2018

Long-term debt⁹¹⁰¹¹¹²$85.8M in 2023+698% since 2019

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.⁶

Period ending	2025-12-31	2024-12-31	2024-03-31	2023-12-31	2022-12-31
Cash and cash equivalents	$151.8M	$87.9M		$111.4M
Accounts receivable trade, net	$7.9M	$2.7M
Due from related parties	$13.2M	$6.4M
Inventories	$791.8K	$1.6M
Prepaid expenses and other assets	$3.4M	$3.8M
Income tax receivable	$15.5M	$11.8M
Investment in equity securities	$27.8M	$69.1M		$77.1M
Investment in debt securities	$554.9K	$0
Assets held for sale	$0	$69.4M		$38.7M
Accrued charter revenue	$0	$52.1K
Derivative assets	$545.6K	$1.1M
Total current assets	$221.4M	$253.9M
Restricted cash	$1.0M	$0		$7.2M
Due from related parties	$2.9M	$3.5M
Prepaid expenses and other assets	$805.2K	$204.1K
Deferred charges, net	$6.1M	$2.2M		$3.2M
Fair value of acquired time charters	$0	$119.7K
Investment in related party	$117.5M	$117.6M
Investment in debt securities, non current	$750.0K	$0
Equity method investments	$50.0M	$50.5M		$0
Equity method investments measured at fair value (related party)	$139.7M	$115.5M		$0
Equity investments	$9.9M	$4.7M		$0
Goodwill	$24.1M	$17.9M
Intangible assets, net	$21.2M	$19.3M
Operating lease right-of-use assets	$7.4M	$7.8M
Deferred tax assets	$2.6M	$1.8M
Derivative assets	$710.8K	$0
Total non-current assets	$575.9M	$543.5M
Total assets	$797.4M	$797.4M
Current portion of financial liabilities, net	$1.5M	$0
Liabilities directly associated with assets held for sale	$0	$17.7M
Accounts payable	$3.7M	$2.1M
Deferred revenue	$827.2K	$578.5K
Accrued liabilities (including $364,205 and $0 accrued interest to related party, respectively)	$16.7M	$23.0M
Due to related parties	$1.1M	$889.0K
Derivative liabilities	$185.3K	$1.4M
Operating lease liabilities	$1.2M	$1.0M
Income tax payable	$3.5M	$6.6M
Total current liabilities	$34.4M	$64.4M
Long-term financial liabilities, net	$12.0M	$0
Other accrued liabilities	$144.6K	$166.2K
Operating lease liabilities	$6.2M	$6.7M
Deferred tax liabilities	$10.6M	$8.1M
Total non-current liabilities	$94.0M	$107.5M
5.00% Series D fixed rate cumulative perpetual convertible preferred shares: 100,000 issued and outstanding as of December 31, 2024 and December 31, 2025, aggregate liquidation preference of $100,000,000 as of December 31, 2024 and December 31, 2025	$80.7M	$77.7M
Common shares, $0.001 par value; 1,950,000,000 shares authorized; 9,662,354 issued and outstanding as of December 31, 2024 and December 31, 2025	$9.7K	$9.7K
Preferred shares, $0.001 par value: 50,000,000 shares authorized; Series B Preferred Shares - 12,000 shares issued and outstanding as of December 31, 2024 and December 31, 2025	$12	$12
Additional paid-in capital	$265.3M	$265.4M
Retained earnings	$239.5M	$228.5M
Accumulated other comprehensive income / (loss)	$20.6M	-$1.5M
Total Castor Maritime Inc. shareholders' equity	$525.4M	$492.4M
Non-controlling interests	$62.8M	$55.3M
Total shareholders' equity	$588.2M	$547.8M		$461.2M	$461.5M
Total liabilities, mezzanine equity and shareholders' equity	$797.4M	$797.4M
Common shares, par value (in dollars per share)	$0.00	$0.00	$0.00
Common shares, authorized (in shares)	1.9B shares	1.9B shares
Common shares, shares issued (in shares)	9.7M shares	9.7M shares
Common shares, shares outstanding (in shares)	9.7M shares	9.7M shares	9.7M shares
Preferred shares, par value (in dollars per share)	$0.00	$0.00
Preferred shares, shares authorized (in shares)	50.0M shares	50.0M shares

Period ending	2025-12-31	2024-12-31	2024-03-31	2023-12-31	2022-12-31	2018-12-31
Cash and cash equivalents	$151.8M	$87.9M		$111.4M
Accounts receivable trade, net	$7.9M	$2.7M
Due from related parties	$13.2M	$6.4M
Inventories	$791.8K	$1.6M
Prepaid expenses and other assets	$3.4M	$3.8M
Income tax receivable	$15.5M	$11.8M
Investment in equity securities	$27.8M	$69.1M		$77.1M
Investment in debt securities	$554.9K	$0
Assets held for sale	$0	$69.4M		$38.7M
Accrued charter revenue	$0	$52.1K
Derivative assets	$545.6K	$1.1M
Total current assets	$221.4M	$253.9M
Restricted cash	$1.0M	$0		$7.2M
Due from related parties	$2.9M	$3.5M
Prepaid expenses and other assets	$805.2K	$204.1K
Deferred charges, net	$6.1M	$2.2M		$3.2M
Fair value of acquired time charters	$0	$119.7K
Investment in related party	$117.5M	$117.6M
Investment in debt securities, non current	$750.0K	$0
Equity method investments	$50.0M	$50.5M		$0
Equity method investments measured at fair value (related party)	$139.7M	$115.5M		$0
Equity investments	$9.9M	$4.7M		$0
Goodwill	$24.1M	$17.9M
Intangible assets, net	$21.2M	$19.3M
Operating lease right-of-use assets	$7.4M	$7.8M
Deferred tax assets	$2.6M	$1.8M
Derivative assets	$710.8K	$0
Total non-current assets	$575.9M	$543.5M
Total assets	$797.4M	$797.4M
Current portion of financial liabilities, net	$1.5M	$0
Liabilities directly associated with assets held for sale	$0	$17.7M
Accounts payable	$3.7M	$2.1M
Deferred revenue	$827.2K	$578.5K
Accrued liabilities (including $364,205 and $0 accrued interest to related party, respectively)	$16.7M	$23.0M
Due to related parties	$1.1M	$889.0K
Derivative liabilities	$185.3K	$1.4M
Operating lease liabilities	$1.2M	$1.0M
Income tax payable	$3.5M	$6.6M
Total current liabilities	$34.4M	$64.4M
Long-term financial liabilities, net	$12.0M	$0
Other accrued liabilities	$144.6K	$166.2K
Operating lease liabilities	$6.2M	$6.7M
Deferred tax liabilities	$10.6M	$8.1M
Total non-current liabilities	$94.0M	$107.5M
5.00% Series D fixed rate cumulative perpetual convertible preferred shares: 100,000 issued and outstanding as of December 31, 2024 and December 31, 2025, aggregate liquidation preference of $100,000,000 as of December 31, 2024 and December 31, 2025	$80.7M	$77.7M
Common shares, $0.001 par value; 1,950,000,000 shares authorized; 9,662,354 issued and outstanding as of December 31, 2024 and December 31, 2025	$9.7K	$9.7K
Preferred shares, $0.001 par value: 50,000,000 shares authorized; Series B Preferred Shares - 12,000 shares issued and outstanding as of December 31, 2024 and December 31, 2025	$12	$12
Additional paid-in capital	$265.3M	$265.4M
Retained earnings	$239.5M	$228.5M
Accumulated other comprehensive income / (loss)	$20.6M	-$1.5M
Total Castor Maritime Inc. shareholders' equity	$525.4M	$492.4M
Non-controlling interests	$62.8M	$55.3M
Total shareholders' equity	$588.2M	$547.8M		$461.2M	$461.5M
Total liabilities, mezzanine equity and shareholders' equity	$797.4M	$797.4M
Common shares, par value (in dollars per share)	$0.00	$0.00	$0.00			$0.00
Common shares, authorized (in shares)	1.9B shares	1.9B shares
Common shares, shares issued (in shares)	9.7M shares	9.7M shares
Common shares, shares outstanding (in shares)	9.7M shares	9.7M shares	9.7M shares
Preferred shares, par value (in dollars per share)	$0.00	$0.00
Preferred shares, shares authorized (in shares)	50.0M shares	50.0M shares

Cash from operations⁹¹⁰¹¹$123.8M in 2022+13609% since 2018

Capital spending⁹¹⁰¹¹¹²¹³$72.2M in 2024

Free cash flow⁹¹⁰¹¹$48.2M in 2022+5239% since 2018

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income	$21.5M	$15.3M	$38.6M
Less: Net income from discontinued operations, net of taxes	$0	$0	-$17.3M
Net income from continuing operations, net of taxes	$21.5M	$15.3M	$21.3M
Depreciation and amortization	$14.8M	$15.0M	$22.1M
Amortization and write-off of deferred finance charges	$213.5K	$810.0K	$888.5K
Amortization of fair value of acquired time charters	$119.7K	$622.5K	$2.2M
Straight line amortization of hire	$99.2K	-$52.1K	$0
Net (gain) / loss on sale of vessels	$2.0M	-$19.3M	-$6.4M
Loss on vessels held for sale	$5.6M	$3.6M	$0
Provision / (recovery) of provision for doubtful accounts	-$1.6M	$4.8K	$0
Share-based compensation	$242.6K	$9.5K	$0
Non cash compensation (transfer of shares)	$272.8K	$0	$0
Adjustments for non-cash finance costs	$252.7K	$0	$0
Net gain on disposition of assets	-$244.0K	$0	$0
Unrealized losses from equity method investments	$215.2K	$0	$0
Unrealized (gains) / losses from equity method investments measured at fair value	$10.8M	-$2.7M	$0
Dividend income from equity method investments measured at fair value (related party)	-$18.0M	$0	$0
Unrealized foreign exchange losses from equity method investments	$684.9K	$0	$0
Unrealized (gains) / losses on equity securities	-$24.7M	$14.7M	-$5.1M
Realized (gain) / loss on sale of equity securities	$7.8M	$269.1K	-$2.6K
Unrealized (gain) / loss on debt securities	-$4.1K	$0	$0
Amortization of bonds' premium discount	-$4.4K	$0	$0
Non-cash effects from translation to reporting currency	$48.4K	-$121.6K	$0
Gain from a claim	$0	-$1.4M	$0
Deferred income taxes	-$1.0M	$0	$0
Accounts receivable trade, net	-$3.0M	$3.5M	-$208.5K
Inventories	$868.0K	-$259.9K	$539.7K
Due from/to related parties	-$6.3M	$5.8M	-$4.5M
Prepaid expenses and other assets	$509.9K	$1.0M	-$86.3K
Other deferred charges	$0	$0	$51.1K
Accounts payable	$1.1M	-$1.8M	-$3.3M
Accrued liabilities	-$7.9M	$4.4M	-$1.9M
Income tax receivable / payable	-$5.7M	$129.2K	$0
Derivative assets and liabilities, net	-$1.4M	$61.0K	$0
Deferred revenue	$201.6K	-$970.4K	-$1.0M
Dry-dock costs paid	-$5.3M	-$1.2M	-$2.4M
Dividends received from equity investments	$0	$222.5K	$0
Dividends received from equity method investments measured at fair value (related party)	$18.0M	$4.2M	$0
Net Cash provided by Operating Activities from Continuing Operations	$10.0M	$41.9M	$22.2M
Vessel acquisitions (including time charters attached) and other vessel improvements	-$699.2K	-$72.2M	-$623.3K
Purchase of equity securities	-$15.7M	-$59.9M	-$72.2M
Acquisition of a subsidiary, net of cash acquired	$0	-$163.0M	$0
Proceeds from sale of equity securities	$74.5M	$52.9M	$259.0K
Payments for acquisition of equity method investments	-$26.2M	$0	$0
Return of invested capital from equity method investments	$4.9M	$0	$0
Payments received from disposition of equity method investments	$127.6K	$0	$0
Purchase of debt securities	-$1.8M	$0	$0
Proceeds from sale of debt securities	$500.0K	$0	$0
Payments received on mezzanine loan	$409.1K	$0	$0
Payments for acquisition of equity investments	-$755.1K	$0	$0
Net proceeds from sale of vessels	$61.9M	$107.9M	$63.6M
Proceeds from a claim	$0	$1.4M	$0
Proceeds from disposition of equity investments	$0	$248.7K	$0
Net proceeds from dispositions of long term assets	$4.0K	$0	$0
Acquisitions of property, plant and equipment, net	-$190.1K	$0	$0
Proceeds from disposition of subsidiaries, net of cash disposed of	$0	-$914.7K	$0
Net cash provided by / (used in) Investing Activities from Continuing Operations	$97.1M	-$133.5M	-$9.0M
Gross proceeds from issuance of common shares and warrants	$0	$0	$881.8K
Repurchase of warrants	$0	-$1.1M	-$941.6K
Common share issuance expenses	$0	$0	-$260.9K
Redemption of Series E Preferred Shares	-$60.0M	$0	$0
Proceeds from long-term debt (including related party)	$51.6M	$100.0M	$0
Repayment of long-term debt (including related party)	-$102.2M	-$86.9M	-$53.9M
Proceeds from long term financial liability	$14.6M	$0	$0
Payment of deferred financing costs	-$1.6M	$0	-$25.2K
Repayment of long-term financial liability	-$658.1K	$0	$0
Cash dividends paid to noncontrolling interests	-$2.8M	$0	$0
Proceeds from sale of subsidiary shares to noncontrolling interests	$27.1K	$0	$0
Transactions with non-controlling interest	-$353.2K	$0	$0
Proceeds received from Toro Corp. related to Spin-Off	$0	$0	$2.7M
Net cash provided by / (used in) Financing Activities from continuing operations	-$46.3M	$59.6M	-$2.1M
Net cash provided by Operating Activities from discontinued operations	$0	$0	$20.4M
Net cash provided by / (used in) Investing Activities from discontinued operations	$0	$0	-$153.9K
Net cash used in Financing Activities from discontinued operations	$0	$0	-$62.7M
Net cash used in discontinued operations	$0	$0	-$42.5M
Effect of exchange rate changes on cash, cash equivalents and restricted cash	$3.4M	-$284.8K	$0
Net increase/(decrease) in cash, cash equivalents, and restricted cash	$64.2M	-$32.3M	-$31.4M
Cash paid for interest	$3.1M	$3.2M	$10.2M
Cash paid for income taxes, net of refunds	$7.2M	$33.0K	$0
Cash paid for withholding taxes	$542.8K	$0	$0
Unpaid capital raising costs (included in Accounts payable and Accrued Liabilities)	$5.0K	$0	$34.0K
Unpaid vessel acquisition and other vessel improvement costs (included in Accounts payable and Accrued liabilities)	$13.4K	$143.7K	$0
Unpaid deferred dry-dock costs (included in Accounts payable and Accrued liabilities)	$327.3K	$0	$0
Unpaid deferred financing costs	$0	$110.0K	$0
Deemed dividend on Series D Preferred Shares	$3.0M	$606.4K	$196.3K
Deemed contribution from Series D preferred shareholders	$0	$22.4M	$0
Deemed dividend on Series E Preferred Shares	$168.6K	$0	$0
Deemed dividend on warrants repurchase	$0	$0	$444.9K

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Corporate structure

Castor Maritime sits at the top of its group. 5 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Castor Maritime

INTRACOASTAL CAPITAL, LLC Filed SC 13G/A on Castor Maritime, latest Feb 11, 2022
Hudson Bay Capital Management LP Filed SC 13G/A on Castor Maritime, latest Feb 4, 2022
Empery Asset Management, LP Filed SC 13G/A on Castor Maritime, latest Jan 18, 2022

Castor Maritime Limassol, Cyprus
- INDIGO GLOBAL CORP. Subsidiary · Majuro, Marshall Islands
- MPCC CSI LTD Subsidiary · Limassol, Cyprus
- PIKACHU SHIPPING CO. Subsidiary · Limassol, Cyprus
- SPETSES SHIPPING CO. Subsidiary · Limassol, Cyprus

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Castor Maritime reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Operating-lease assets (leased space)	$7.4M⁶ Dec 31, 2025	$7.8M⁶ Dec 31, 2024	−4.5%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$151.8M⁶ Dec 31, 2025	$87.9M⁶ Dec 31, 2024	+72.7%
Equity securities at fair value	$27.8M⁶ Dec 31, 2025	$69.1M⁶ Dec 31, 2024	−59.8%
Stakes in other companies (equity method)	$50.0M⁶ Dec 31, 2025	$50.5M⁶ Dec 31, 2024	−0.9%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$24.1M⁶ Dec 31, 2025	$17.9M⁶ Dec 31, 2024	+34.5%
Finite-lived intangibles, gross	$23.6M⁶ Dec 31, 2025	$19.4M⁶ Dec 31, 2024	+21.4%
Accumulated amortization	-$2.4M⁶ Dec 31, 2025	-$78.3K⁶ Dec 31, 2024	−2947.3%
Finite-lived intangibles, net	$21.2M⁶ Dec 31, 2025	$19.3M⁶ Dec 31, 2024	+9.6%

Inventory

Item	Latest	A year before	Change
Inventory, total	$791.8K⁶ Dec 31, 2025	$1.6M⁶ Dec 31, 2024	−49.0%

The story

Castor Maritime was founded in September 2017 in Cyprus by Petros Panagiotidis incorporated under the laws of Marshall Islands. Panagiotidis founded Castor Maritime Inc. in 2017, he is the Chief Financial Officer and Chief Executive Officer and also holds a position in the Board of Directors since the establishment of his company. Panagiotidis graduated from Fordham University with a degree in International Studies and Mathematics and a master's degree in Risk Management from New York University.

Dionysios Makris served in the Hellenic Navy as Officer as the Special operations (or Ops Officer) Navigation Admin in 1983 to 1986. From 1998 to 2005, Makris served in Greek military as the commanding officer for the HS KOS and Division officers and Weapons officer. Makris graduated in 2003 from the Hellenic Naval Academy where he received a Master's degree in Military, Strategic and Management studies. During October 1998 to August 2001, he worked as the Radar and Fire Control Engineer for NATO SeaSparrow Project administered by Greece's Defense and Space Industry. In 2005, Makris served as the National Liaison Officer for the Hellenic Navy General Staff at NATO Undersea Research Centre (NURC) Scientific Committee of National Representatives National Liaison Officers and Observers for Maritime Innovation. NURC conducts maritime research in support of new military capabilities for NATO organized into four research areas. In 2011, Dionysios Markris was promoted to the Deputy Chief of Staff for NATO headquarters stationed in Naples. In April 2021, Castor Maritime announced that they raised $125 million in a public offering for Castor Maritime.

In April 2021, Castor Maritime announced that it had entered an into an agreement through two subsidiaries from an unaffiliated third-party vendor to purchase two 2005 Korean-built Aframax tanker vessels for $27.2 million.

In a statement the Castor Maritime chief executive officer Petros Panagiotidis said, "We are pleased to announce our tenth vessel acquisition in 2021 with the addition of an Aframax tanker to Castor’s fleet. Upon completion of all our recently announced acquisitions, our fleet will consist of sixteen vessels. We constantly monitor the market for attractive acquisition opportunities across vessel sizes and segments."

From Wikipedia’s article on Castor Maritime, shared under CC BY-SA 4.0.⁸

Leadership

Who has led Castor Maritime, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (4)

OfficerPetros Panagiotis Panagiotidis Mar 18, 2026 to now¹⁵
Board memberAngelos Rounick Platanias Mar 18, 2026 to now¹⁶
Board memberDionysios Makris Mar 18, 2026 to now¹⁷
Board memberPetros Panagiotis Panagiotidis Mar 18, 2026 to now¹⁵

Acquisitions

On October 19, 2023, Castor Maritime received a 180-day extension to meet the NASDAQ's $1 per share hold minimum bid requirement, with its deadline reset to April 15, 2024.

From Wikipedia’s article on Castor Maritime, shared under CC BY-SA 4.0.⁸

Timeline

Sep 11, 2017Founded Castor Maritime is founded⁴

Calendar

Coming up

Dec 2, 2026Reports results for the quarter ending Sep/2026¹⁸

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

124 filings to the SEC since October 2021: 5 annual reports, 3 insider forms, 4 large holders, 112 other. The latest 20:

Oct 9, 20266-K EDGAR
Sep 15, 20266-K EDGAR
Sep 14, 20266-K EDGAR
Sep 14, 20266-K EDGAR
Aug 7, 20266-K EDGAR
Jul 20, 20266-K EDGAR
Jun 30, 20266-K EDGAR
Jun 22, 20266-K EDGAR
Jun 2, 20266-K EDGAR
Apr 15, 202620-F EDGAR
Apr 15, 20266-K EDGAR
Mar 18, 20263 EDGAR
Mar 18, 20263 EDGAR
Mar 18, 20263 EDGAR
Jan 5, 20266-K EDGAR
Dec 29, 20256-K EDGAR
Dec 3, 20256-K EDGAR
Oct 15, 20256-K EDGAR
Oct 1, 20256-K EDGAR
Oct 1, 20256-K EDGAR

The 124 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

INTRACOASTAL CAPITAL, LLCSC 13G/A, 1 filing Feb 11, 2022¹⁹
Hudson Bay Capital Management LPSC 13G/A, 1 filing Feb 4, 2022²⁰
Empery Asset Management, LPSC 13G/A, 1 filing Jan 18, 2022²¹

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Mar 16, 2021	Mark GreenRepublican, House	Buy	$1,001 - $15,000	−193.2%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Castor Maritime is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARCastor Maritime Inc.²
CIK0001720161
Filer statusNon-accelerated filer not an emerging growth company; not a shell company²²
Incorporated inMarshall Islands²²
Fiscal year endsDecember 31²
Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight²
SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance²
Business addressChristodoulou Chatzipavlou 223, Hawaii Royal Gardens, Apart. 16, Limassol, G4 3036²
Phone357 25357767²
Shares outstanding9,662,354 shares as of Dec 31, 2025²²
AuditorDeloitte Certified Public Accountants S.A., Athens, Greece PCAOB ID 1163; no auditor attestation of internal control over financial reporting²²
On EDGAR sinceDec 1, 2017²
Filings297 in all: 6-K (183), SC 13G/A (13), SC 13G (11), 20-F (9), UPLOAD (9), 424B3 (7), 424B5 (7), CORRESP (7)²
All 35 form types
EFFECT (7), 3 (4), F-3 (4), POS AM (4), 8-A12B (3), DRS/A (3), SC TO-I/A (3), 8-A12B/A (2), CERT (2), F-1/A (2), 20-F/A (1), 4 (1), 424B1 (1), 8-A12G (1), D (1), DRS (1), F-1 (1), F-1MEF (1), F-3/A (1), F-3ASR (1), F-3MEF (1), F-4 (1), F-4/A (1), NT 20-F (1), POSASR (1), RW (1), SC TO-I (1)
Latest filingsAnnual report (20-F) Apr 15, 2026

Securities registered for trading

Class	Symbol	Exchange
Common Shares, $0.001 par value, including associated Share Purchase Rights under the Shareholder Protection Rights Agreement	CTRM	Nasdaq

From the cover page of the 20-F filed Apr 15, 2026 (Section 12(b) of the Exchange Act).²²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataCastor Maritime on Wikidata
2
SEC EDGARCastor Maritime filings on SEC EDGAR
3
WikipediaCastor Maritime on Wikipedia
4
GLEIFCastor Maritime LEI record (213800G77XJSMF52UL75)
5
Wikimedia CommonsCastor Maritime logo by https://castormaritime.com/site/castor/dist/images/logo-castor.svg, CC0
6
SEC EDGARCastor Maritime 10-K for fiscal 2025
7
SEC EDGARCastor Maritime filings on SEC EDGAR
8
WikipediaCastor Maritime on Wikipedia (revision used)
9
SEC EDGARCastor Maritime 10-K for fiscal 2018
10
SEC EDGARCastor Maritime 10-K for fiscal 2019
11
SEC EDGARCastor Maritime 10-K for fiscal 2020
12
SEC EDGARCastor Maritime 10-K for fiscal 2021
13
SEC EDGARCastor Maritime 10-K for fiscal 2022
14
SEC EDGARCastor Maritime 10-K for fiscal 2018
15
SEC EDGARPetros Panagiotis Panagiotidis, Officer
16
SEC EDGARAngelos Rounick Platanias, Board member
17
SEC EDGARDionysios Makris, Board member
18
NasdaqNasdaq calendar
19
SEC EDGARINTRACOASTAL CAPITAL, LLC SC 13G/A on Castor Maritime
20
SEC EDGARHudson Bay Capital Management LP SC 13G/A on Castor Maritime
21
SEC EDGAREmpery Asset Management, LP SC 13G/A on Castor Maritime
22
SEC EDGARCastor Maritime 20-F filed Apr 15, 2026: cover page