EuroDry remains positive on dry bulk markets as it prepares to renew its fleet.

The Nasdaq-listed Greek owner said it has increased liquidity with money from ship sales.

The 22-year-old, 74,000-dwt panamax Pantelis was offloaded in the third quarter for $9.7m, reducing the fleet to 10 ships in a mix of panamaxes, ultramaxes, kamsarmaxes and a supramax.