Greek drybulk owner and operator EuroDry confirmed the delivery of the 2015-built Ultramax drybulk carrier Maria.
The owner took delivery of the 63,153 dwt drybulk carrier, the second of the two vessels of the company´s joint venture with NRP Investors.
The vessel Maria is part of the joint venture the company has formed with a number of investors represented by NRP Project Finance (NRP Investors), regarding the ownership of the two ultramax vessels, Maria and Christos K.
NRP Investors own a 39% ownership stake in each of the vessels, while the Greek drybulk owner has arranged a sustainability-linked loan of $11m with Eurobank S.A. to partly finance the acquisition.
Specifically, NRP investors own a 39% ownership stake in each of the vessels Christos K of 63,197 dwt, formelly known as the Giants Causeway, and Maria of 63,153 dwt formelly known as the Sadlers Wells, both built in 2015.
Aristides Pittas, chairman and chief executive of EuroDry, said: “We are very pleased to have taken delivery of M/V Maria, the second of the two vessels of our joint venture with NRP Investors. We look forward to continuing pursuing accretive transactions and ways to finance our growth creating value for our shareholders.”
The Nasdaq-listed owner would have two kamsarmax drybulk carriers, five panamax drybulk carriers, five ultramax drybulk carriers, and one supramax drybulk carrier.
EuroDry’s 13 drybulk carriers have a total cargo capacity of 918,502 dwt.
