Reports Q3 revenue $10.966M vs $11.566M last year. Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated: “We delivered solid profitability in Q3 while continuing to optimize our fleet and balance sheet. The sale of our older Capesize vessels released approximately $18.8 million in liquidity, and we resumed share repurchases, reaffirming our conviction in the Company’s intrinsic value. Moreover, the dry-bulk outlook over the coming quarters remains favorable, and our Panamax/Kamsarmax fleet is positioned to capture that upside.”
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