EuroDry sees market uncertainties driven by the pandemic, the war in Ukraine and pending environmental regulations as the perfect circumstances in which to keep growing its dry bulk fleet.

While others are staying on the asset-play sidelines, the Athens shipowner plans to bring on more vessels after increasing its fleet to 11 bulkers last month.

“Within this environment, we are pursuing opportunities to grow our fleet in accretive ways and manage our profitability to maximise the rewards to our shareholders,” chief executive Aristides Pittas said.