Maroussi, Athens, Greece – November 5, 2025
EuroHoldings Ltd. (NASDAQ: EHLD) (“EuroHoldings” or
the “Company”) an owner and operator of ocean-going vessels and provider of seaborne transportation,
announced today that it has signed a Memorandum of Agreement (MoA) to acquire, a medium-range (MR)
product tanker vessel with capacity of 49,997 dwt, built in 2015 in South Korea, from an affiliated party. The
vessel will be purchased for a price of $31.83 million, with delivery expected in mid-November 2025.
An independent committee of disinterested directors was formed to evaluate and approve the transaction. The acquisition will be financed with a combination of conventional debt and equity.
Aristides Pittas, Chairman and CEO of EuroHoldings commented: “We are very pleased to announce the
acquisition of our first tanker, a modern MR vessel built in 2015, 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.
Our Board and major shareholders are committed to growing EuroHoldings into a significant publicly-listed
participant in the sector. ”
EuroHoldings Ltd. was incorporated on March 20, 2024 under the laws of the Republic of the Marshall Islands.
The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA) to serve as the holding company of three
of its vessel-owning subsidiaries. Shares of EuroHoldings Ltd. were distributed to Euroseas Ltd. shareholders
on March 17, 2025.
EuroHoldings Ltd. is a provider of worldwide ocean-going transportation services. The Company’s operations
are managed by Eurobulk Ltd. an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management
company, which is responsible for the day-to-day commercial and technical management and operations of
the vessels.
The Company has a fleet of two feeder containership vessels with a cargo capacity of 40,882 dwt,
or 3,171 teu. After the delivery of the first product tanker in November 2025, Euroholdings’ mixed fleet will
consist of 3 vessels with a total carrying capacity of 90,879 dwt.
EuroHoldings Ltd. is listed on the Nasdaq Capital Market under the symbol “EHLD”.
