EuroHoldings Ltd. Announces Agreement to Acquire one 49,997 DWT Product Tanker Vessel, M/T Hellas Avatar, built in 2015
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EuroHoldings Ltd. has signed a Memorandum of Agreement to acquire the M/T Hellas Avatar, a 49,997 DWT product tanker vessel built in 2015, for $31.83 million. The delivery is expected in mid-November 2025. This acquisition marks EuroHoldings' strategic pivot towards the tanker sector, which is currently showing strong fundamentals. The transaction will be financed through a mix of conventional debt and equity, with an independent committee overseeing the approval process. EuroHoldings aims to grow as a significant player in the publicly-listed tanker market.
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