EuroDry Ltd. (EDRY) Bundle
An Overview of EuroDry Ltd. (EDRY)
General Summary of EuroDry Ltd. (EDRY)
EuroDry Ltd. is a global maritime transportation company specializing in dry bulk shipping services. Founded in 2007 and headquartered in Greece, the company operates a fleet of modern vessels transporting dry bulk commodities worldwide.
| Fleet Composition | Number of Vessels | Total Deadweight Tonnage |
|---|---|---|
| Ultramax Vessels | 15 | 1,020,000 DWT |
| Kamsarmax Vessels | 8 | 640,000 DWT |
Financial Performance in Latest Reporting Period
For the fiscal year 2023, EuroDry Ltd. reported the following financial metrics:
- Total Revenue: $187.4 million
- Net Income: $22.6 million
- Earnings Per Share: $1.42
- Operating Cash Flow: $65.3 million
| Revenue Breakdown | Amount | Percentage |
|---|---|---|
| Dry Bulk Shipping | $165.2 million | 88.2% |
| Chartered Vessel Services | $22.2 million | 11.8% |
Industry Leadership
EuroDry Ltd. ranks among the top dry bulk shipping companies globally, with a modern, efficient fleet and strategic market positioning. The company's operational efficiency and strategic vessel acquisitions have positioned it as a competitive player in international maritime transportation.
- Average Fleet Age: 6.3 years
- Global Trading Routes: 45 countries
- Market Capitalization: $340.5 million
Mission Statement of EuroDry Ltd. (EDRY)
Mission Statement of EuroDry Ltd. (EDRY)
EuroDry Ltd. (EDRY) mission statement focuses on three primary strategic components:
Core Mission Components
| Strategic Focus | Maritime Transportation Services |
| Global Market Presence | International Dry Bulk Shipping |
| Fleet Capacity | 22 vessels as of 2024 |
| Total Deadweight Tonnage | Approximately 540,000 dwt |
Strategic Operational Objectives
- Maintain fleet utilization rate of 95.6%
- Achieve average daily vessel revenue of $8,750
- Optimize operational efficiency across maritime transportation segments
Financial Performance Metrics
| Revenue (2023) | $127.4 million |
| Net Income | $18.2 million |
| Operational Expenses | $92.6 million |
Key Strategic Priorities
Sustainable Maritime Operations:
- Reduce carbon emissions by 15% through fleet modernization
- Implement advanced fuel-efficient technologies
- Comply with IMO 2030 environmental regulations
Geographical Market Distribution
| Primary Trading Regions | Mediterranean, Black Sea, Atlantic |
| Key Cargo Types | Coal, Grain, Steel, Fertilizers |
| Annual Cargo Volume | 8.3 million metric tons |
Vision Statement of EuroDry Ltd. (EDRY)
Vision Statement of EuroDry Ltd. (EDRY) in 2024
Global Maritime Leadership PositioningEuroDry Ltd. operates with a market capitalization of $187.4 million as of Q1 2024, focusing on specialized dry bulk shipping services.
| Fleet Metric | Current Status |
|---|---|
| Total Vessels | 15 vessels |
| Total Deadweight Tonnage | 526,346 dwt |
| Average Vessel Age | 8.3 years |
EuroDry's vision encompasses precise maritime expansion strategies with quantifiable targets:
- Fleet expansion to 20 vessels by 2026
- Increase total deadweight tonnage to 675,000 dwt
- Maintain fleet average age below 10 years
Technology investment allocation for 2024: $4.2 million, targeting:
- Fuel efficiency technologies
- Digital navigation systems
- Emissions reduction technologies
| Sustainability Indicator | 2024 Target |
|---|---|
| CO2 Emissions Reduction | 15% compared to 2020 baseline |
| Alternative Fuel Adoption | 25% fleet capacity |
Core Values of EuroDry Ltd. (EDRY)
Core Values of EuroDry Ltd. (EDRY) in 2024
Safety First
EuroDry Ltd. demonstrates a rigorous commitment to safety across maritime operations.
| Safety Metric | 2024 Performance |
|---|---|
| Total Recordable Incident Rate | 0.62 per 200,000 work hours |
| Safety Training Hours | 18,475 cumulative hours |
| Maritime Safety Investments | $3.2 million |
Environmental Sustainability
EuroDry prioritizes environmental protection in maritime logistics.
- Carbon emissions reduction: 22.4% since 2020
- Fleet fuel efficiency improvement: 15.6%
- Green technology investments: $5.7 million in 2024
Operational Excellence
Commitment to highest operational standards in maritime transportation.
| Operational Metric | 2024 Performance |
|---|---|
| On-Time Delivery Rate | 97.3% |
| Vessel Utilization Rate | 89.6% |
| Operational Cost Efficiency | $0.045 per nautical mile |
Integrity and Transparency
Maintaining highest ethical standards in business practices.
- Compliance training: 100% employee participation
- External audit compliance score: 9.8/10
- Whistleblower reports investigated: 12 cases
Innovation and Technology
Continuous investment in technological advancements.
| Innovation Metric | 2024 Data |
|---|---|
| R&D Investment | $4.3 million |
| Digital Transformation Projects | 7 major initiatives |
| Technology Patent Applications | 3 new applications |
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