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Limassol, Cyprus - April 14, 2021 Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on April 9, 2021, it took delivery of the M/V Magic Twilight, a 2010 Korean-built Kamsarmax dry bulk carrier, and on April 13, 2021, it took delivery of the M/V Magic Thunder, a 2011 Japanese-built Kamsarmax dry bulk carrier, pursuant to the transactions previously announced on February 18 and March 12, 2021, respectively. Both acquisitions were financed in their entirety with cash on hand. The M/V Magic Twilight commenced employment under a time charter contract on April 13, 2021, at a daily gross charter rate of $19,000 with an expected term of about 20 days. The M/V Magic Thunder is expected to commence employment under a time charter contract on or around April 17, 2021, at a daily gross charter rate of $18,900 with an expected term of about 60 days. About Castor Maritime Inc. Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels. On a fully delivered basis, Castor will have a fleet of 15 vessels, with an aggregate capacity of 1.4 million dwt, consisting of 1 Capesize, 5 Kamsarmax and 7 Panamax dry bulk vessels and 2 Aframax LR2 tankers. Where we refer to information on a “fully delivered basis”, we are referring to such information after giving effect to the successful consummation of our recent vessel acquisitions. For more information, please visit the Company’s website at www.castormaritime.com Castor Maritime press release 
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