EuroDry is maintaining a positive outlook on the future, despite fall into the red for the second quarter.
The New York-listed owner expects dry bulk rates to improve through 2019 amid a "constrained" fleet supply as a result of scrubber installations before IMO 2020 deadline.
"We are optimistic about the near and medium term prospects of the market as fleet growth is expected to remain constrained," chief executive Aristides Pittas said.
