EuroDry Ltd. is a drybulk shipping company that owns and operates a fleet of Ultramax and Kamsarmax carriers engaged in the worldwide transportation of commodities for commercial and industrial customers. The company generates revenue through time charter and voyage charter arrangements with charterers, earning money based on the number of vessels in operation, voyage days, and prevailing daily charter rates in the drybulk market. Operating expenses include vessel operating costs such as crew wages and insurance, management fees paid to affiliated ship managers, voyage expenses for port and fuel costs, drydocking maintenance, and depreciation on its fleet.