Eurodry ltd. announces agreement to acquire m/v ruby asia ii, a 2014- built ultramax bulker

Athens, greece , aug. 23, 2021 (globe newswire) -- eurodry ltd. (nasdaq: edry, the “company” or “eurodry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has agreed to acquire m/v asia ruby ii, a 62,996 dwt drybulk vessel built in 2014, for $24.5 million. the vessel is expected to be delivered to the company within late september / early october 2021 and will be renamed m/v good heart. the acquisition will be financed by own funds and a bank loan.
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