Castor Maritime Inc.

Castor Maritime Inc. operates in the global maritime shipping industry, transporting various commodities and containerized cargoes, and also provides asset management services. During the years ended December 31, 2023, 2024, and 2025, the company operated dry bulk vessels for the worldwide transportation of commodities like iron ore, coal, and soybeans. From the fourth quarter of 2022, Castor Maritime Inc. also operated containerships for the transportation of containerized cargoes. From the first quarter of 2021 until the completion of the Spin-Off, the company operated Aframax/LR2 tanker vessels for the worldwide transportation of crude oil, and from the second quarter of 2021 until the completion of the Spin-Off, Handysize tanker vessels for carrying refined petroleum products. Additionally, from December 16, 2024, following the acquisition of MPC Capital, Castor Maritime Inc. provides a range of products and services. These include structuring and placing investment solutions for professional institutional investors, offering commercial and technical ship management services, and managing energy infrastructure projects. As of December 16, 2024, the company operates in three reportable segments: the dry bulk segment, the containership segment, and the asset management segment. This is an increase from two segments that operated as of December 31, 2023. The transport of dry bulk cargoes and containerized cargoes has different characteristics regarding trade nature, trading routes, charterers, and cargo handling.