Core Viewpoint - EuroHoldings Ltd. has signed a Memorandum of Agreement to acquire a medium-range product tanker vessel for $31.83 million, marking a strategic pivot towards the tanker sector [1][2]. Company Overview - EuroHoldings Ltd. was incorporated on March 20, 2024, in the Republic of the Marshall Islands, as a holding company for three vessel-owning subsidiaries of Euroseas Ltd. [3]. - The company operates worldwide ocean-going transportation services and is managed by Eurobulk Ltd., which handles the commercial and technical management of the vessels [4]. - EuroHoldings is listed on the Nasdaq Capital Market under the symbol "EHLD" [5]. Acquisition Details - The acquired vessel has a capacity of 49,997 dwt and was built in 2015 in South Korea, with delivery expected in mid-November 2025 [1]. - The acquisition will be financed through a combination of conventional debt and equity [1]. - Following the delivery of the tanker, EuroHoldings' fleet will consist of three vessels with a total carrying capacity of 90,879 dwt [4]. Strategic Direction - The acquisition represents EuroHoldings' first entry into the tanker sector, which is believed to have strong fundamentals at this time [2]. - The company's board and major shareholders are committed to expanding EuroHoldings into a significant player in the tanker market [2].