Previous 10 | Next 10 |
Castor Maritime ( NASDAQ: CTRM ) said Wednesday it will effect a spin-off of its tanker fleet comprising one Aframax, five Aframax/LR2 and two Handysize tankers, sending its shares 3.2% higher after the bell. Castor ( CTRM ) shareholders will receive two s...
LIMASSOL, Cyprus, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that its Board of Directors, consisting of its independent disinterested members (the "Boa...
LIMASSOL, Cyprus, Nov. 08, 2022 (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 2022 Annual G...
Summary United Maritime sells a pair of recently acquired Aframax tankers for an estimated 70%+ gain within just three months. After diluting shareholders soon after completing its spin-off from Seanergy Maritime in July, the company surprisingly reversed course and repurchased ap...
Summary Company reported strong Q2 results with impressive operating cash flow generation. Tanker exposure should continue to benefit results in Q3. Updating net asset value estimates. While NAV has increased to new all-time highs, shares are trading near all-time lows as inve...
Summary Small, Greece-based dry bulk shipper is trading at an eye-catching discount to net asset value ("NAV"). Market environment has weakened in recent month due to a lack of Chinese demand, recession fears and rapidly easing port congestion. Ongoing strength in the second-h...
Summary Recent geopolitical events have changed product tanker dynamics materially with the healthy charter rate environment now widely expected to persist well into 2023 and potentially longer. Robust chartering outlook in combination with soaring costs for newbuildings has resul...
LIMASSOL, Cyprus, Aug. 09, 2022 (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, 2022. Highlights of th...
Company reports less-than-stellar Q2 results and perplexed market participants with the disclosure of an ugly related-party deal for a pair of Handysize dry bulk carriers. The transaction resulted in Vafias family-controlled entity Brave Maritime extracting $39 million of the company'...
Navios Maritime Partners bails out debt-laden former parent Navios Maritime Holdings in a $835 million deal thus adding another 36 dry bulk carriers to its fleet. While one can discuss the suboptimal capital allocation, the transaction won't result in additional dilution to common uni...
News, Short Squeeze, Breakout and More Instantly...
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 outstand...
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-...
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-bui...