EuroHoldings to acquire first product tanker for $31.83m

Aristides Pittas, Chairman and CEO of EuroHoldings, commented, “We are very pleased to announce the acquisition of our first tanker...marking our previously announced decision to pivot toward the tanker sector. We believe that this strategic move into the tanker sector comes at an opportune time in a period where the product tanker sector continues to demonstrate strong fundamentals.”

After the delivery of the product tanker, the company’s mixed fleet will consist of three vessels with a total carrying capacity of 90,879 DWT. EuroHoldings was incorporated in March 2024 by Euroseas to serve as the holding company for three of its vessel-owning subsidiaries.