EuroDry Ltd. is a Greece-based shipowner dedicated to the seaborne transportation of dry bulk commodities. The company was formed through the separation of Euroseas Ltd.’s dry bulk fleet into a standalone entity in 2018, creating a pure-play dry bulk platform incorporated in the Marshall Islands and managed from the Athens maritime hub. The spin-off established EuroDry with its own capital structure and operating focus distinct from Euroseas’ containership activities.
Its core business is owning and operating oceangoing bulk carriers that carry major bulks such as iron ore, coal, and grain, along with minor bulks including bauxite, phosphate, and fertilizers. Vessels are typically employed on a mix of spot voyages, time charters, and pool arrangements, aligning utilization with prevailing trade flows across the Atlantic and Pacific basins.
EuroDry’s fleet spans the middle dry bulk segments—primarily Ultramax, Panamax, Kamsarmax and Supramax tonnage—providing flexibility to serve ports with varying draft and infrastructure constraints. Public disclosures and investor materials outline an actively managed fleet that has expanded and rotated over time through acquisitions, sales, and selective newbuilding, reflecting a strategy to match vessel capabilities to targeted trade lanes.
Commercial and technical operations are handled by affiliated managers Eurobulk Ltd. and Eurobulk (Far East) Ltd., which oversee day-to-day crewing, maintenance, and chartering. Company filings and press releases consistently note this management structure and employment approach, emphasizing standardized operating practices and flexibility across charter types as the foundation of EuroDry’s service to global commodities shippers.