Castor Maritime Inc. Common Stock (CTRM)
Castor Maritime Inc. is an international shipping company that owns and operates a fleet of dry bulk, tanker, and container vessels. Established to provide transportation services across global markets, it focuses on the transportation of bulk commodities, petroleum products, and containerized cargo. The company aims to leverage strategic vessel acquisitions and fleet management to capitalize on rising demand in the shipping industry.
Company News
The global eClinical solutions market size is predicted to increase from USD 12,260 million in 2025 to USD 40,500 million by 2034, driven by rising R&D expenditure, adoption of software solutions, and demand for clinical trials outsourcing.
Castor Maritime Inc. has acquired a 74.09% stake in MPC Münchmeyer Petersen Capital AG, a Frankfurt-listed investment and asset manager, for €182.8 million. The acquisition is part of Castor's strategy to grow its footprint in the shipping and energy infrastructure sectors.
Founder and Chairman Georgios Feidakis more than tripled his ownership in Globus Maritime. Read why I am upgrading GLBS stock from Hold to Buy.
This shipping company delivered record results on the bottom line for the third quarter.
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