Greek dry bulk owners suffer tough quarter
Greek bulker owner Pioneer Marine posted a net loss of $2.1m in the third quarter of the year, but said it was well positioned to capture an upturn in charter rates. EuroDry scraped together a $500,000 profit
Athens-based Pioneer Marine sold its vessel Fortune Bay in October to raise $2.9m. It says it has made ‘remarkable progress’ cutting operating and debt costs despite a coronavirus-hit market and hopes stimulus will support the market. EuroDry said it continued to evaluate using its public platform to consolidate other fleets
If content does not display, please refresh your browser.