Castor Maritime Inc. was incorporated in the Republic of the Marshall Islands on September 11, 2017 for the purpose of acquiring, owning, leasing and operating dry bulk carriers. The company is a global ocean shipping service provider of dry bulk, which includes iron ore, coal and grains, collectively referred to as "primary bulk", and steel products, fertilizers, cement, bauxite, sugar and scrap metal, collectively referred to as "secondary bulk. ". The company owns a Panamax with a deadweight of approximately 76,000 dwt.