Greek drybulk owner and operator EuroDry has sealed a deal with Hengli Shipbuilding (Dalian) for the construction of a third 82,000 dwt kamsarmax bulk carrier.
The vessel will be built to
Greek drybulk owner and operator EuroDry has sealed a deal with Hengli Shipbuilding (Dalian) for the construction of a third 82,000 dwt kamsarmax bulk carrier.
The vessel will be built to an eco-design specification compliant with EEDI phase 3 standards and is scheduled to be delivered during the third quarter of 2029.
The total consideration for the newbuilding contract is around $37m and will be financed with a combination of debt and equity.
The contract is conditional upon receiving a refund guarantee from a bank acceptable to the company.
Aristides Pittas, chairman and CEO of EuroDry, said: “We are pleased to announce the order of a third 82,000 dwt eco kamsarmax vessel. With modern five-year-old kamsarmaxes being valued at or above newbuilding prices, we consider that ordering new tonnage is a better economic proposition, as we get a brand-new, more fuel-efficient ship for the same or even lower capital
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