“We are very pleased to have taken delivery of M/V Maria, the second of the two vessels of our joint venture with
Fleet Profile:
The
Type | Dwt | Year Built | Employment(*) | TCE Rate ($/day) | |
Dry Bulk Vessels | |||||
EKATERINI | Kamsarmax | 82,000 | 2018 | TC until Mar-25 | Hire 105.5% of the Average Baltic Kamsarmax P5TC index (**) |
XENIA | Kamsarmax | 82,000 | 2016 | TC until Mar-24 | Hire 105.5% of the Average Baltic Kamsarmax P5TC index(**) |
ALEXANDROS P. | Ultramax | 63,500 | 2017 | TC until Dec-23 | |
CHRISTOS K*** | Ultramax | 63,197 | 2015 | TC until Nov-23 | |
Ultramax | 63,177 | 2014 | TC until Dec-23 | ||
MARIA*** | Ultramax | 63,153 | 2015 | TC until Nov-23 | |
GOOD HEART | Ultramax | 62,996 | 2014 | TC until Nov-23 | |
MOLYVOS LUCK | Supramax | 57,924 | 2014 | TC until Nov-23 | |
EIRINI P | Panamax | 76,466 | 2004 | TC until Nov-23 | |
Panamax | 76,440 | 2005 | TC until Dec-23 | ||
STARLIGHT | Panamax | 75,845 | 2004 | TC until Nov-23 | |
TASOS | Panamax | 75,100 | 2000 | TC until Nov-23 | |
BLESSED LUCK | Panamax | 76,704 | 2004 | TC until Jan-24 | |
Total Dry Bulk Vessels | 13 | 918,502 |
Note: | |
(*) | Represents the earliest redelivery date |
(**) | The average Baltic Kamsarmax P5TC Index is an index based on five Panamax time charter routes. |
(***) | Vessel is 61% owned by |
About
The Company would have a fleet of 13 vessels, including 2 Kamsarmax drybulk, 5 Panamax drybulk carriers, 5 Ultramax drybulk carrier, carriers and 1 Supramax drybulk carrier. EuroDry’s 13 drybulk carriers have a total cargo capacity of 918,502 dwt.
Forward Looking Statement
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for dry bulk vessels, competitive factors in the market in which the Company operates; risks associated with operations outside
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Company Contact Chief Financial Officer Watchung, NJ07069 Tel. (908) 301-9091 E-mail: aha@eurodry.gr | Investor Relations / Financial Media Capital Link, Inc. Tel. (212) 661-7566 E-mail: eurodry@capitallink.com |
Source:
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