Why Castor Maritime Stock Is Higher This Week

·2-min read
Why Castor Maritime Stock Is Higher This Week

Shipping company Castor Maritime (NASDAQ: CTRM) has had an eventful, if not fruitful, past few months. Much of the ocean shipper's fate lies with the movement of the Baltic Dry Index (BDI), which drives what prices it can charge to move cargo. The loan is secured by four of Castor's dry bulk vessels.

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