EuroDry is willing to expand its fleet of seven bulkers, but the question is how that will happen.
The New York-listed 2018 spinoff of Euroseas may add to four panamaxes, two kamsarmaxes and one ultramax by buying a vessel here and there or entering into an M&A deal for faster growth, chief executive Aristides Pittas said.
"We do have about $10m cash in the company which we could use to buy a ship and lever it up 50%," he told TradeWinds Tuesday during the 32nd annual Marine Money conference in New York.
