Castor Maritime (NASDAQ:CTRM) is a small but growing shipping company based in the country of Cyprus. In 2018, Castor owned a single dry bulk shipping vessel. In 2020, CTRM stock spent much of the year as a penny stock even as it boosted its fleet size. However, the stock has now posted big gains .
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ALBANY, N.Y., March 4, 2021 /PRNewswire/ Telematics technology incorporates on-board diagnostics, log and report data, GPS technology, and monitoring sensors allowing tracking of heavy equipment utilized for various operations. Data regarding idle hours of the machine, system alarms, GPS location, and use of fuel can all be accessed via a web portal. The importance of insights and real-time data to heavy equipment operators and fleet owners is stimulating more interest in the integration of telematics system into heavy equipment machineries. These factors are likely to support development of the global telematics in heavy equipment market in the near future.
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