EuroDry ended 2025 with a positive performance in the last quarter. The Nasdaq-listed shipping company also strengthened its share buyback program.
The company’s President and CEO Aristides Pittas said that the dry cargo market remained strong from the fourth quarter of 2025 to mid-February 2026, with Ultramax and Kamsarmax operating above breakeven levels, ensuring positive cash flows.
He emphasized that the company has already proceeded with an annual time charter of Ultramax at 15,500 dollars/day, signaling a shift to longer-term contracts, while considering corresponding moves for a larger part of the fleet.
He also added that the strengthening of liquidity through the sale of a ship and refinancing creates a “cushion” for new investments. The company’s management anticipates a balanced two-year market, remaining cautious but ready to exploit opportunities for the benefit of shareholders.
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