Euroseas Wraps Up EuroDry Spin-Off
Greece-based containership owner Euroseas has completed the spin-off of its drybulk fleet into EuroDry Ltd.
Euroseas shareholders received one EuroDry Ltd share for every five shares of the company they owned.
The ship owner said that the shares of EuroDry Ltd. were to commence trading on May 31, 2018 on the NASDAQ Capital Market under the symbol “EDRY”.
“We expect that our clear sector strategy and growth plans will enable EuroDry to trade close to its net asset value like its public peers, which we believe it to be in the range of USD 16-18 per share,” Aristides Pittas, Chairman and CEO of EuroDry, said.
EuroDry Ltd., formed on January 8, 2018 under the laws of the Republic of the Marshall Islands, has a fleet of 6 vessels, including 2 Kamsarmax, 3 Panamax and 1 Ultramax drybulk carrier with a total cargo capacity of 453,086 dwt.
List of related news articles
-
Posted: 26 days ago
Scorpio: Farewell to dry bulk & welcome to offshore wind
Monaco-based ship owner and operator Scorpio Bulkers will sell its remaining dry bulk vessels, exit ...
Posted: 26 days ago -
Posted: 2 months ago
iXblue scores OECI contract for DriX USV
NOAA-funded Ocean Exploration Cooperative Institute (OECI) will acquire a DriX unmanned surface vess...
Posted: 2 months ago -
Posted: 3 days ago
Seanergy Maritime wraps up $179 m financial restructuring
Athens-based pure-play Capesize vessel owner Seanergy Maritime Holdings Corp. has reached final agre...
Posted: 3 days ago -
Posted: about 1 month ago
Norden moves forward with carbon-neutral biofuel tests
Danish shipping company Dampskibsselskabet Norden A/S continues its research into alternative green ...
Posted: about 1 month ago