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Basis of Presentation and General Information (Tables)
12 Months Ended
Dec. 31, 2022
Basis of Presentation and General information [Abstract]  
Vessel Owning Subsidiaries

(a)       Consolidated vessel owning subsidiaries:
 
   
Company
Country of incorporation
Vessel Name
 
DWT
 
Year Built
 
Delivery date to Castor
1  
Spetses Shipping Co. (“Spetses”)
Marshall Islands
M/V Magic P
 
76,453
 
2004
 
February 2017
2  
Bistro Maritime Co. (“Bistro”)
Marshall Islands
M/V Magic Sun
 
75,311
 
2001
 
September 2019
3  
Pikachu Shipping Co. (“Pikachu”)
Marshall Islands
M/V Magic Moon
 
76,602
 
2005
 
October 2019
4  
Bagheera Shipping Co. (“Bagheera”)
Marshall Islands
M/V Magic Rainbow
 
73,593
 
2007
 
August 2020
5  
Pocahontas Shipping Co. (“Pocahontas”)
Marshall Islands
M/V Magic Horizon
 
76,619
 
2010
 
October 2020
6
 
Jumaru Shipping Co. (“Jumaru”)
Marshall Islands
M/V Magic Nova
 
78,833
 
2010
 
October 2020
7
  Super Mario Shipping Co. (“Super Mario”) Marshall Islands
M/V Magic Venus
  83,416
  2010
  March 2021
8
  Pumba Shipping Co. (“Pumba”) Marshall Islands
M/V Magic Orion
  180,200
  2006
  March 2021
9
  Kabamaru Shipping Co. (“Kabamaru”) Marshall Islands
M/V Magic Argo
  82,338
  2009
  March 2021
10
  Luffy Shipping Co. (“Luffy”) Marshall Islands
M/V Magic Twilight
  80,283
  2010
  April 2021
11
  Liono Shipping Co. (“Liono”) Marshall Islands
M/V Magic Thunder
  83,375
  2011
  April 2021
12
  Stewie Shipping Co. (“Stewie”) Marshall Islands
M/V Magic Vela
  75,003
  2011
  May 2021
13
  Snoopy Shipping Co. (“Snoopy”) Marshall Islands
M/V Magic Nebula
  80,281
  2010
  May 2021
14
  Mulan Shipping Co. (“Mulan”) Marshall Islands
M/V Magic Starlight
  81,048
  2015
  May 2021
15
  Cinderella Shipping Co. (“Cinderella”) Marshall Islands
M/V Magic Eclipse
  74,940
  2011
  June 2021
16
  Rocket Shipping Co. (“Rocket”) (1) Marshall Islands
M/T Wonder Polaris
  115,351
  2005
  March 2021
17
  Gamora Shipping Co. (“Gamora”) (1) Marshall Islands
M/T Wonder Sirius
  115,341
  2005
  March 2021
18
  Starlord Shipping Co. (“Starlord”) (1)
Marshall Islands
M/T Wonder Vega
  106,062
  2005
  May 2021
19
  Hawkeye Shipping Co. (“Hawkeye”) (1)
Marshall Islands
M/T Wonder Avior
  106,162
  2004
  May 2021
20
  Mickey Shipping Co. (“Mickey”) Marshall Islands
M/V Magic Callisto
  74,930
  2012
  January 2022
21
  Vision Shipping Co. (“Vision”) (1)
Marshall Islands
M/T Wonder Mimosa
  36,718
  2006
  May 2021
22
  Colossus Shipping Co. (“Colossus”) (1)
Marshall Islands
M/T Wonder Musica
  106,290
  2004
  June 2021
23
  Xavier Shipping Co. (“Xavier”) (1)
Marshall Islands
M/T Wonder Formosa
  36,660
  2006
  June 2021
24   Songoku Shipping Co. (“Songoku”) Marshall Islands
M/V Magic Pluto
  74,940
  2013
  August 2021
25
  Asterix Shipping Co. (“Asterix”) Marshall Islands
M/V Magic Perseus
  82,158
  2013
  August 2021
26
  Johnny Bravo Shipping Co. (“Johnny Bravo”) Marshall Islands
M/V Magic Mars
  76,822
  2014
  September 2021
27
  Garfield Shipping Co. (“Garfield”) Marshall Islands
M/V Magic Phoenix
  76,636
  2008
  October 2021
28
  Drax Shipping Co. (“Drax”) (1) Marshall Islands
M/T Wonder Bellatrix
  115,341
  2006
  December 2021
29
 
Jerry Shipping Co. (“Jerry S”)
Marshall Islands
M/V Ariana A
  38,117
  2005
  November 2022
30
 
Tom Shipping Co. (“Tom S”)
Marshall Islands
M/V Gabriela A
  38,121
  2005
  November 2022

(1)
Contributed to Toro on the Distribution Date in connection with the Spin-Off (Note 18).
Consolidated Subsidiaries Formed to Acquire Vessels
(b)       Consolidated subsidiaries formed to acquire vessels:

   
Company
Country of incorporation
1
 
Tom Maritime Ltd. (“Tom M”)
Malta
2
 
Jerry Maritime Ltd. (“Jerry M”)
Malta
3
 
Toro Corp. (2)
Marshall Islands
4
 
Containco Shipping Inc.
Marshall Islands

(2)
Incorporated on July 29, 2022. At the Distribution Date, Toro served as the holding company to which the equity interests of the Aframax/LR2 and Handysize tanker subsidiaries and Elektra were contributed (see Note 18).
Non-Vessel Owning Subsidiaries
(c)       Consolidated non-vessel owning subsidiaries:

1
 
Castor Maritime SCR Corp. (“Castor SCR”) (3)
2
 
Toro RBX Corp. (“Toro RBX”) (4)
3
 
Elektra Shipping Co. (“Elektra”) (1)(5)

(3)
Incorporated under the laws of the Marshall Islands on September 16, 2021, this entity serves as the Company’s subsidiaries’ cash manager of the Company’s subsidiaries with effect from November 1, 2021.

(4)
Incorporated under the laws of the Marshall Islands on October 3, 2022, to serve, with effect from the Distribution Date, as the cash manager of Toro’s subsidiaries.

(5)
Elektra Shipping Co., incorporated under the laws of the Marshall Islands, no longer owns any vessel following the sale of the M/T Wonder Arcturus on May 9, 2022, and delivery of such vessel to an unaffiliated third-party on July 15, 2022 (see also Note 6(a)).
Revenue from Charterers
During the years ended December 31, 2020, 2021 and 2022, charterers that individually accounted for more than 10% of the Company’s total vessel revenues (as percentages of total vessel revenues), all derived from the Company’s dry bulk segment, were as follows:
 
Charterer
   
Year Ended
December 31, 2020
   
Year Ended
December 31, 2021
   
Year Ended
December 31, 2022
 
A
     
34
%
   
20
%
   
18
%
B
     
%    
12
%
   
15
%
C
     
%    
%    
10
%
D
     
     
11
%
   
%

   
24
%
   
     
%
Total
     
58
%
   
43
%
   
43
%