Nasdaq-listed Castor Maritime has seen profit shrink for the first quarter in weaker bulker markets.

The Cyprus-based owner also operated for most of March without its lucrative tanker fleet, which was spun off into Toro Corp.

‘Robust’ tanker charter market gives Petros Panagiotidis’ Toro a flying start
 Read more

Net profit came in at $10.8m for the three months ended 31 March, down from $20m a year ago.