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Limassol, Cyprus - June 30, 2026 Castor Maritime Inc. (NASDAQ: CTRM), ("Castor" or the "Company"), a diversified global shipping and energy company, announces that it has entered into an agreement, through a separate wholly-owned subsidiary, to acquire a 2024-built modern-eco Kamsarmax bulk carrier vessel, the M/V Magic Saturn, from an unaffiliated third party for a purchase price of $41.9 million. The Company took delivery of the M/V Magic Saturn on June 29, 2026. Furthermore, on June 29, 2026, the Company took delivery of the M/V Magic Jupiter, the 2023-built modern-eco Kamsarmax vessel it had agreed to acquire, as previously announced on June 22, 2026. Both acquisitions were funded with cash on hand. About Castor Maritime Inc. Castor Maritime Inc. is a diversified global shipping and energy company, with activities directly and indirectly in asset management, vessel ownership, technical and commercial ship management and energy infrastructure projects. The Company's fleet comprises 11 vessels, with an aggregate capacity of 0.9 million dwt. Castor is also the majority shareholder of the Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG. For more information, please visit the Company's website at www.castormaritime.com. Information on our website does not constitute a part of this press release. Castor Maritime press release 
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