Castor Maritime Inc. (CTRM)

NCM – Real Time Price. Currency in USD

2.12

+0.06 (2.67%)

Market open: Aug 12, 2026, 2:56 PM EDT

2.02

-0.04 (-1.94%)

Previous after-hours: Aug 11, 2026, 7:37 PM EDT

07.08.2026

Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight

LIMASSOL, Cyprus, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announces that it has entered into an agreement to establish a joint venture (the "Joint Venture") with third-party investors arranged by Fearnley Securities AS. The Joint Venture was established to acquire, own and operate the M/V Magic Starlight, a 2015-built Kamsarmax bulk carrier vessel owned by the Company (the “Vessel”). The Company has contributed the Vessel to the Joint Venture in exchange for a 30% equity interest and cash consideration of $18.75 million.

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07.08.2026

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Castor Maritime Inc. (CTRM)

Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight

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Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight

Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight

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Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight

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Castor Maritime Inc. (CTRM)

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Castor Maritime Inc. (CTRM)

Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight

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Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight

Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight

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Press releases

Castor Maritime Inc. Announces Joint Venture and Contribution of the M/V Magic Starlight