EuroDry Announces Delivery Of M/V Maria, An Eco Ultramax Drybulk Carrier; Arranged A Sustainability-Linked Loan Of $11M With Eurobank To Partly Finance The Acquisition
Portfolio Pulse from Benzinga Newsdesk
EuroDry has announced the delivery of M/V Maria, an eco ultramax drybulk carrier. The company has also arranged a sustainability-linked loan of $11M with Eurobank to partly finance the acquisition.
November 07, 2023 | 2:29 pm
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EuroDry's acquisition of M/V Maria, financed partly through a sustainability-linked loan from Eurobank, could potentially enhance the company's operational efficiency and sustainability profile.
The acquisition of the eco ultramax drybulk carrier M/V Maria could potentially enhance EuroDry's operational efficiency and sustainability profile. The sustainability-linked loan from Eurobank indicates a commitment to environmentally friendly practices, which could be positively received by investors and the market, potentially driving up EDRY's stock price in the short term.
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