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Limassol, Cyprus - June 9, 2021 Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that on June 7, 2021, it took delivery of the M/V Magic Eclipse, the 2011 Japanese-built Panamax dry bulk vessel it had agreed to acquire as previously announced on April 9, 2021. The M/V Magic Eclipse acquisition was financed in its entirety with cash on hand. The M/V Magic Eclipse commenced employment today under a time charter contract at a daily gross charter rate of $26,500 and with an expected term of about 105 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 own a fleet of 26 vessels, with an aggregate capacity of 2.2 million dwt, consisting of 1 Capesize, 7 Kamsarmax and 10 Panamax dry bulk vessels, as well as 1 Aframax, 5 Aframax/LR2 and 2 MR1 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 Information on our website does not constitute a part of this press release. Castor Maritime press release 
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