Tag Archives: Maritime

Castor Maritime Inc. LIMASSOL, Cyprus, April 18, 2022 (GLOBE NEWSWIRE) — Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that: The M/V Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $25,500. The charter commenced on April 7, 2022, and has a duration of about 25 days. The M/V Magic Rainbow, a 2007 built Panamax dry bulk carrier, has been… Source link

Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. Importantly, Castor Maritime Inc. (NASDAQ:CTRM) does carry debt. But the real question is whether this debt is making the company risky. When Is Debt Dangerous? Generally speaking, debt only becomes a real problem when a company can’t easily pay it off, either by raising… Source link