Feb. 7 at 2:18 PM
Noble Capital Markets Research Report: EuroDry
$EDRY – Rating Lowered to Market Perform, Awaiting an Improvement in Time Charter Rates
"Sale of M/V Tasos. EuroDry Ltd. recently agreed to sell the M/V Tasos, a vessel built in 2000, for ~
$5 million. The vessel is expected to be scrapped and recycled and will be delivered to its buyer between mid-February and mid-March 2025. Eurodry expects to book a gain of approximately
$2.1 million. Following the sale of the M/V Tasos, Eurodry will have a fleet of 12 vessels with total cargo capacity of 843,402 dwt. Upon delivery of two Ultramax vessels in 2027, the fleet will consist of 14 vessels with total cargo capacity of 970,402 dwt."
https://www.channelchek.com/news-channel/eurodry-edry-rating-lowered-to-market-perform-awaiting-an-improvement-in-time-charter-rates
