Greek dry bulk owner Castor Maritime has been granted approval to have its common shares listed on the Nasdaq Capital Market.
Castor will begin trading on Monday under the ticker symbol CTRM, while continuing to trade on the Norwegian OTC where it registered last month under the symbol CASTOR.
Founded in September 2017 by chairman and CEO Petros Panagiotidis, Castor has a single vessel in its fleet at the moment, the 2004-built panamax bulker Magic P.
The vessel is managed by Pavimar, a dry bulk shipowning outfit controlled by Panagiotidis’ sister Ismini Panayotides.
In a company presentation, Castor says it intends to acquire additional vessels going forward to be deployed on a mix of time and spot charters.