EDRY News & Events

EuroDry Ltd trading halted, volatility trading pause

Reports Q1 revenue $12.8M, consensus $16.16M. Aristides Pittas, chairman and CEO of EuroDry commented: "During the first quarter of 2026, a seasonally slow quarter, the drybulk market gave up very little ground as compared to the last quarter of last year. Additionally in April and May 2026, the market has firmed across the board with one-year time charter rates and trip earnings flirting and reaching $20,000 per day for both Ultramaxes and Kamsarmaxes."

Reports Q4 revenue $17.39M, consensus $17.77M. Aristides Pittas, chairman and CEO of EuroDry commented: "During the fourth quarter of 2025 and through the middle of February of 2026, the drybulk market has remained rather strong with time-charter rates for Ultramax vessels staying on average above $15,000/day with vessels in the Altantic Ocean earning a one to two thousand dollars per day premium over vessels in the Pacific. Kamsarmax time charter rates had exhibited similar levels. Such market rate levels are above our breakeven levels for achieving both positive earnings and cash flow and, thus, we recorded a quite profitable fourth quarter of 2025 in contrast to the previous three quarters of the year."