EuroDry Ltd. Announces Order for the Construction of a Third Modern 82,000 DWT Kamsarmax Bulk Carrier
EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced that it has signed a contract with Hengli Shipbuilding (Dalian) for the construction of a third 82,000 DWT Kamsarmax bulk carrier. The vessel will be built to an eco-design specification compliant with EEDI Phase 3 standards and ...
EuroDry Ltd., a drybulk vessel owner and operator, has secured a contract to build a third 82,000 DWT Kamsarmax bulk carrier with Hengli Shipbuilding (Dalian). The vessel will adhere to EEDI Phase 3 eco-design standards and is expected to be delivered in Q3 2029. The estimated cost of $37.0 million will be financed through a mix of debt and equity, contingent on obtaining a refund guarantee from a suitable bank.
Chairman and CEO Aristides Pittas expressed satisfaction with the order, stating that newer, more fuel-efficient Kamsarmax vessels now offer competitive pricing compared to five-year-old models. This order brings EuroDry's newbuilding program to five vessels, reducing the fleet's average age and enhancing competitiveness in the market.
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