# EuroDry Q3 Earnings Call Highlights Spot Exposure and Fleet Renewal

> EuroDry said it will keep its drybulk fleet on spot charters and avoid firm rate forecasts, while noting geopolitics could move freight sharply in 2027. Ultramax spot rates rose from a third-quarter average of $23,500 to $25,500 per day by November 6, while Panamax rates eased from $18,000 to $17,200. Management also said shipyard capacity is effectively booked for 2027 and 2028.

- Date: 2026-11-12 · published 2026-11-12T18:10:31.280Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/95866-eurodry-q3-earnings-call-highlights-spot-exposure-and-fleet-renewal
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Limited newbuild deliveries and firm spot demand support dry bulk freight costs for grain shipments. Mixed Panamax and Ultramax moves suggest no clear direction for ocean grain freight yet.

## Read by commodity

- OCEANFRT: neutral

## Sources

- finance.yahoo.com: https://finance.yahoo.com/markets/stocks/articles/eurodry-q3-earnings-call-highlights-140000801.html?.tsrc=rss

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.