US-listed EuroDry is in talks with lenders to push back loan payments due this year.
The move emerged as the Greek company reported the worst financial results since its inception as a pure-play dry bulk company two years ago.
“As part of our efforts to ensure sufficient liquidity, we have agreed or are in the process of discussing with some of our lenders to defer a number of loan repayments due in 2020 to later periods or to the end of the respective facilities,” chief financial officer Tasos Aslidis said on Thursday.
