EuroDry Ltd. has released its annual report for the fiscal year ending December 31, 2024. The company reported its actual results, which showed a variation in its consolidated results of operations compared to the previous year. The report highlights that the company actively manages its fleet deployment between spot market voyage vessels and those under fixed time charter contracts. Decisions regarding the acquisition and sale of vessels are based on financial and operational evaluations, considering factors such as the state of the drybulk vessel market, anticipated drydocking costs, and economic prospects. The company's charter revenues are influenced by several factors, including the number of vessels in the fleet, the number of voyage days, and daily charter revenue. These are affected by vessel acquisitions and disposals, drydocking time, and market conditions. EuroDry Ltd. evaluates vessel purchase opportunities to expand its fleet and considers selling vessels when favorable opportunities arise. The company realizes gains or losses on vessel sales based on the difference between the carrying value and sales price at the time of sale.