Castor Maritime Inc. CTRM

CTRM Company Overview

Castor Maritime Inc. is a Cyprus-based international shipping company focused on the ownership and operation of oceangoing cargo vessels. The company primarily operates in the global dry bulk and tanker shipping industries, transporting commodities such as iron ore, coal, grains, fertilizers, and petroleum products through spot market charters and time charter agreements. Its core revenue drivers are vessel charter hire revenues generated from its fleet of dry bulk carriers and tanker vessels serving global commodity trading routes.

The company was founded in 2017 and is headquartered in Limassol, Cyprus. Castor Maritime expanded rapidly through vessel acquisitions during the strong shipping markets of 2020–2022, evolving from a small dry bulk operator into a diversified shipping platform with exposure to both dry bulk and tanker transportation markets. The company’s strategic positioning centers on opportunistic vessel acquisitions, operational flexibility across shipping cycles, and maintaining exposure to internationally traded commodities through a modernized fleet structure.