EuroDry Ltd. EDRY

EDRY Company Overview

EuroDry Ltd. is a Greece-based drybulk shipping company focused on the ownership and operation of ocean-going vessels that transport major bulk commodities worldwide. The company operates in the international drybulk shipping industry, serving charterers involved in the transportation of iron ore, coal, grain, bauxite, fertilizers, steel products, and other raw materials essential to industrial production and global trade. EuroDry is publicly traded on the Nasdaq Capital Market under the ticker EDRY and conducts substantially all of its operations through subsidiaries that own individual vessels.

The company’s primary revenue driver is time charter and voyage charter income generated by its fleet of drybulk vessels, which has historically included Panamax, Kamsarmax, Ultramax, and Supramax carriers. EuroDry’s customer base includes commodity traders, mining companies, grain houses, utilities, and industrial shipping counterparties operating across global seaborne trade routes. The company evolved from shipping interests associated with the Pittas family and was spun off from Euroseas Ltd. in 2018 to create a dedicated drybulk shipping platform. Its positioning is centered on fleet management discipline, commercial flexibility, and exposure to cyclical drybulk freight markets.