EuroDry (Pittas) offloads eldest panamax-size bulker for $5m demolition

Greek drybulk owner and operator EuroDry has sealed an agreement to sell its 75,100-dwt drybulk vessel 2000-built Tasos for demolition for around $5m. The owner announced yesterday the decision to sell the eldest panamax-size bulker of the company’s fleet which was due for a costly fifth special survey, for recycling.

The shipowner didn’t disclose the identity of the buyers but said that the ship is expected to be delivered to its buyers, “an unaffiliated third party,” between mid-February and mid-March 2025, upon completion of her present charter.

As a result of this sale, the Nasdaq-listed company expects to book a gain of approximately $2.1m, or about