Corporate Structure

Eurodry owns its 10 vessels through 10 separate wholly-owned subsidiaries. The operations of the vessels are managed by Eurobulk (Far East) Ltd. Inc. an affiliated company, under management contracts with each ship-owning company. These services include technical management, such as managing day-to-day vessel operations including supervising the crewing, insuring the fleet, supplying, maintaining and drydocking of vessels, commercial management regarding identifying suitable vessel charter opportunities and certain accounting services.

The names of the wholly owned subsidiaries that own each vessel and the vessel each owns are as follows:

Owner Country of Incorporation Vessel Name Flag
Molyvos Shipping Ltd. Republic of Marshall Islands MOLYVOS LUCK Marshall Islands
Santa Cruz Shipowners Ltd. Republic of Liberia SANTA CRUZ Liberian
Kamsarmax One Shipping Ltd. Republic of Marshall Islands XENIA Marshall Islands
Kamsarmax Two Shipping Ltd Republic of Marshall Islands EKATERINI Marshall Islands
Eirini Shipping Ltd. Republic of Liberia EIRINI P Liberian
Areti Shipping Ltd Republic of Marshall Islands TASOS Cyprus
Ultra One Shipping Ltd. Republic of Liberia ALEXANDROS P. Liberian
Light Shipping Ltd. Republic of Marshall Islands STARLIGHT Liberian
Blessed Luck Shipowners Ltd. Republic of Liberia BLESSED LUCK Liberia
Good Heart Shipping Ltd. Republic of Liberia GOOD HEART Liberia