**EuroDry Reports Significant Growth in Q2 2026**
EuroDry (EDRY) experienced a major boost in its financial performance in the second quarter of 2026, primarily driven by a robust global dry bulk trade. The company’s average Time Charter Equivalent (TCE) rate more than doubled year-over-year to $20,398 per day, contributing to a 57% increase in revenue to $17.7 million despite operating fewer vessels. Adjusted EBITDA soared from $1.9 million to $11.7 million, while net income reached $6.6 million compared to a loss of $3.1 million a year earlier.
This growth comes amidst stronger demand for commodities like iron ore and bauxite, exacerbated by geopolitical trade disruptions that have tightened vessel availability. EuroDry’s performance is further supported by several vessels under index-linked charters and new deliveries planned for 2027 and 2028, indicating potential for continued revenue strength. Overall, the favorable conditions lead to optimism for further rate increases through 2026 and into 2027.
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