EuroDry: Fleet renewal program

EuroDry Ltd., owned by Aristides Pittas, has announced the merchantability of the M/V Eirini P., a 76,466 dwt adust bulk bearer built successful 2004.

The vessel will beryllium delivered to the purchaser successful October 2025 for astir 8.5 cardinal dollars.

The company’s president and CEO stated that the statement is portion of the fleet renewal program, arsenic the Eirini P. is 1 of the company’s three oldest vessels and the longest successful service. The transaction is expected to make a summation of astir 0.6 cardinal dollars, oregon 0.21 dollars per share.

As announced, the nett proceeds will heighten EuroDry’s liquidity and fiscal flexibility, facilitating the acquisition of much modern, businesslike and environmentally affable vessels.