Petros Panagiotidis-led Castor Maritime continued raking in profit in the second quarter, helped by rampant fleet growth last year.

The Nasdaq-listed company said net profit soared to $27.8m from $6.5m in the same period of 2021.

Revenue more than tripled to $67.5m.

In the first half of 2022, Castor’s profit rose by a factor of six to $47.7m