Euroseas has pressed ahead with plans to split its dry bulk and container businesses in a move expected to boost results and open the door for consolidation.

Aristides Pittas-led Euroseas has filed papers for an independent listing of EuroDry, with the container ships staying in the existing platform.

"We believe that separate drybulk and containership investment options will give our shareholders the flexibility to adjust their holdings, if they so wish, between the two sectors," he said.