EuroHoldings to Purchase a 49,997 DWT Product Tanker Ship
Acquisition Announcement: EuroHoldings has signed a Memorandum of Agreement to acquire a medium-range product tanker vessel with a capacity of 49,997 dwt, built in 2015 in South Korea.
Financial Details: The vessel will be purchased for $31.83 million, with delivery expected in mid-November 2025, and the acquisition will be financed through a mix of conventional debt and equity.
Independent Evaluation: An independent committee of disinterested directors has been formed to evaluate and approve the transaction.
Affiliated Party Transaction: The vessel is being acquired from an affiliated party, indicating a related-party transaction.
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EuroHoldings Ltd. Reveals Deal to Purchase 49,997 DWT Product Tanker M/T Hellas Avatar, Constructed in 2015
Acquisition Announcement: EuroHoldings Ltd. has signed a Memorandum of Agreement to acquire a medium-range product tanker vessel for $31.83 million, with delivery expected in mid-November 2025.
Strategic Shift: The acquisition marks EuroHoldings' strategic pivot towards the tanker sector, which the company believes is currently favorable due to strong market fundamentals.
Company Background: EuroHoldings Ltd. was incorporated in March 2024 and operates as a holding company for vessel-owning subsidiaries, with plans to expand its fleet beyond its current two feeder containerships.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's growth strategy and potential future acquisitions, acknowledging inherent risks and uncertainties.
Don't Forget - Attend the 17th Annual New York Maritime Forum with Global Maritime Leaders on October 14, 2025, at the Metropolitan Club, NYC
Event Overview: The 17th Annual Capital Link New York Maritime Forum will take place on October 14, 2025, at the Metropolitan Club in New York City, featuring panel discussions and 1x1 meetings between institutional investors and shipping executives.
Keynote Speakers and Topics: Notable speakers include Randy Fowler, Daniel B. Maffei, and Sang Yi, with agenda topics covering various shipping sectors, net-zero initiatives, and capital market strategies in the maritime industry.
