Castor Maritime has reported a deficit for the first quarter amid higher expenses.
The Petros Panagiotidis-led owner of three bulkers reported a $259,868 loss on Tuesday for the three-month period versus a $55,969 profit during the same period last year.
Vessel expenses came in at $1.39m, up from $469,517 a year earlier. Other first-quarter costs included $852,807 in debt-incurred interest.
