Castor Maritime Q2 Earnings Surge 325% to $26.8M, Up 46% YoY

Castor Maritime reported Q2 net income of $26.8 million, a 325.4% increase from the same period last year, with total vessel revenues rising 46.1% to $14.9 million. Revenue from services increased 37.2% to $10.7 million. Adjusted net income was $11.6 million, and EBITDA reached $32 million. The company completed two vessel acquisitions and prepaid $22.3 million of its sustainability-linked senior term loan facility.