Castor Maritime Reports Q2 2025 Financials and Completes $60M Share Placement
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Castor Maritime (CTRM) reported Q2 2025 financial results, showing a 37.4% drop in vessel revenues and a 72.5% decrease in net income year-over-year. The declines were due to fewer available days and lower charter rates. The company completed a $60 million private placement of Series E Preferred Shares to enhance financial flexibility. Analysts rate CTRM stock as a Hold with a $2.00 price target, reflecting mixed financial performance and valuation concerns. Castor Maritime is a global shipping and energy company based in Cyprus, with a current market cap of $19.9M.
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