EuroDry, an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced  that it took delivery of M/V Maria, a 63,153 dwt Ultramax drybulk carrier built in 2015. M/V Maria is part of the joint venture the Company has formed with a number of investors represented by NRP Project Finance AS (“NRP Investors”) regarding the ownership of the two Ultramax vessels, M/V Maria and M/V Christos K. NRP Investors own a 39% ownership stake in each of the vessels. The Company has arranged a sustainability-linked loan of $11 million with Eurobank S.A. to partly finance the acquisition.

Aristides Pittas, Chairman and CEO of EuroDry commented:
“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.”