EuroDry Expands Fleet with Second-Hand Panamax Acquisition

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EuroDry has signed a memorandum of agreement to purchase a Panamax drybulk carrier built in 2004 in Japan.

The 75,845 dwt M/V Star of Nippon, to be renamed M/V Starlight, is expected to be delivered to the company by the end of November 2018.

The acquisition will be financed with funds at hand and debt which is in the process of arranging, EuroDry said.

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