EuroDry Ltd. Announces Agreement to Sell M/V Tasos, a 2000-built Panamax Bulk Carrier [Yahoo! Finance]
EuroDry Ltd. - Common Shares (EDRY)
Last eurodry ltd. - common shares earnings: 2/12 04:05 pm
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Source: Yahoo! Finance
5 min read In This Article EDRY EuroDry Ltd. ATHENS, Greece, Feb. 05, 2025 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has signed an agreement to sell M/V Tasos, a 75,100 dwt drybulk vessel, built in 2000, for demolition, for approximately $5 million. The vessel is expected to be delivered to its buyers, an unaffiliated third party, between mid-February and mid-March 2025, upon completion of her present charter. Aristides Pittas, Chairman and CEO of EuroDry, commented “We are pleased to announce our agreement to sell of our M/V Tasos, the eldest Panamax-size bulker of our fleet which was due for a costly fifth special survey, for recycling. As a result of this sale, we expect to book a gain of approximately $2.1 million, or about $0.75 per share. The net proceeds of this sale will increase our near-term liquidity and
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- EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2024GlobeNewswire
- EuroDry Ltd. Sets Date for the Release of Fourth Quarter 2024 Results, Conference Call and WebcastGlobeNewswire
EDRY
Earnings
- 2/24/25 - Miss
EDRY
Sec Filings
- 2/24/25 - Form 6-K
- 2/5/25 - Form 6-K
- EDRY's page on the SEC website