Castor Maritime Inc
castormaritime.comWhat Do They Do?
Provides seaborne transport for dry-bulk and container cargo through vessel charters, plus investment, ship-management and energy-infrastructure services to institutional investors and other third-party clients.
20-F for FY2025, filed Apr 15, 2026Castor Maritime Inc. is a growth-oriented global shipping and energy company that was incorporated in the Republic of the Marshall Islands…View ↗
During the years ended December 31, 2023, 2024 and 2025, we operated (i) dry bulk vessels that engaged in the worldwide transportation of…View ↗
With regards to our asset management segment, we mainly operate out of Germany (though the assets we manage are in various geographic…View ↗
How Do They Make Money?
Charterers pay to hire vessels for agreed periods, and pool earnings are divided among participating vessel owners. Service customers pay transaction fees when an asset deal closes, while investment and asset-management fees recur over the service period.
20-F for FY2025, filed Apr 15, 2026The Company typically enters into fixed rate or index-linked rate charters with an option to convert to fixed rate time charters ranging…View ↗
The Company employs certain of its vessels in pools. The main objective of pools is to enter into arrangements for the employment and…View ↗
The Company provides transaction-related services in connection with the acquisition, sale or development of assets such as vessels or…View ↗
Ongoing management services for investment structures and assets comprise management services for assets companies (and associated assets).…View ↗
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20-F for FY2025, filed Apr 15, 2026
FY2025 revenue by product or service (Revenue from services) ↗
$81.8M
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20-F for FY2025, filed Apr 15, 2026
$81.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Ship Management
|
45% |
Ship Management, FY2025
$15.9M Sources
|
|
|
Management Services
Recurring
20-F for FY2025, filed Apr 15, 2026 |
26% |
Management Services, FY2025
$9.1M Sources
|
Recurring |
|
Transaction Services
Sold outright
20-F for FY2025, filed Apr 15, 2026 |
20% |
Transaction Services, FY2025
$7.3M Sources
|
Sold outright |
|
Other Revenue
|
9.3% |
Other Revenue, FY2025
$3.3M Sources
|
Who Are Their Customers?
Charterers hire vessels under time-charter contracts, while the asset-management business serves institutional investors, family offices and other third-party clients.
20-F for FY2025, filed Apr 15, 2026
Do Revenues Turn Into Profits?
Yes. It kept 24 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Apr 15, 2026
How Are They Changing?
Shrinking. Revenue fell 20% in 4 years, from $102.8M in FY2021 to $81.8M in FY2025, about 6% a year.
Added asset-management services
The latest report adds investment solutions, ship management and energy-infrastructure project services; the older report describes shipping operations.
20-F for FY2022, filed Mar 8, 2023 20-F for FY2025, filed Apr 15, 2026We operate dry bulk vessels that engage in the worldwide transportation of commodities such as iron ore, coal, soybeans, etc.…View ↗
During the years ended December 31, 2023, 2024 and 2025, we operated (i) dry bulk vessels that engaged in the worldwide transportation of…View ↗
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