EuroDry signs for ultramax newbuilds

Nasdaq-listed Greek dry bulk owner EuroDry has turned to a Chinese shipyard to expand and modernise its fleet. The Aristides Pittas-led company has contracted two ultramax newbuilds at Nantong Xiangyu Shipbuilding for delivery in the second and third quarters of 2027. EuroDry is paying $71.8m for both 63,500 dwt ships, which will be geared, eco, …