EuroDry acquires a panamax vessel

Published by Stephanie Roker, Editor
Dry Bulk, Monday, 12 November 2018 10:40

On Friday 9 November, EuroDry Ltd (EuroDry), an owner and operator of dry bulk vessels and provider of seaborne transportation for dry bulk cargoes, signed a memorandum of agreement to purchase the M/V Star of Nippon (to be renamed M/V Starlight), a panamax size dry bulk carrier of 75 845 DWT, built in 2004 in Japan. The vessel is expected to be delivered to the company by the end of November 2018. The company expects to finance the acquisition with funds at hand and debt which is in the process of arranging.

Aristides Pittas, Chairman and CEO of EuroDry Ltd, commented: “We are very pleased to commence the process of growing EuroDry Ltd by acquiring M/V Star of Nippon, a vessel that will complement perfectly the rest of our Japanese built panamaxes and our three new built vessels, an ultramax and two kamsarmaxes. We believe that the dry bulk market will provide significant opportunities for positive returns over the next several years and we have been working to position EuroDry to take full advantage of them for the benefit of our shareholders.”

Read the article online at: https://www.drybulkmagazine.com/shipping/12112018/eurodry-acquires-a-panamax-vessel/

COSCO SHIPPING Bulk launches direct China-West Africa breakbulk shipping route

Monday 06 July 2026 10:27

MV XIN AN PING, fully loaded with breakbulk cargo, arrived at the BOFFA anchorage in Guinea recently and commenced discharging operations, marking the official launch of COSCO SHIPPING Bulk’s direct China-West Africa breakbulk service.

You might also like