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EuroDry makes first addition to fleet as an independent company

The Nasdaq-listed owner recently spun off from Euroseas to create a ‘pure play’ vehicle to take advantage of an expected recovery in the sector, has agreed to purchase a seventh vessel — its first since splitting from Euroseas, now focused purely on feeder containerships. The incoming vessel is the 2004-built panamax Star of Nippon

Greek dry bulk owner confirms deal to purchase 75,845 dwt vessel. The price is not given, but brokers estimate a value of $9.8m

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