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EuroDry Ltd. Signs Contract for the Construction of Two Modern 63,500 DWT Ultramax Bulk Carriers
EuroDry (NASDAQ: EDRY) has signed a contract with Nantong Xiangyu Shipbuilding for two 63,500 DWT ultramax bulk carriers worth approximately $71.8 million. The eco-friendly vessels, built to EEDI phase 3 design standard, are scheduled for delivery in Q2 and Q3 2027. The acquisition will be financed through debt and equity, expanding EuroDry's Supra/Ultramax segment to eight vessels. The company currently operates a fleet of 13 dry bulk vessels, with these two newbuildings adding to their construction portfolio.
EuroDry (NASDAQ: EDRY) has signed a contract with Nantong Xiangyu Shipbuilding for two 63,500 DWT ultramax bulk carriers worth approximately $71.8 million. The eco-friendly vessels, built to EEDI phase 3 design standard, are scheduled for delivery in Q2 and Q3 2027. The acquisition will be financed through debt and equity, expanding EuroDry's Supra/Ultramax segment to eight vessels. The company currently operates a fleet of 13 dry bulk vessels, with these two newbuildings adding to their construction portfolio.
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