Nasdaq-listed owner EuroHoldings has agreed to acquire a medium-range (MR) product tanker with capacity of 49,997-dwt, from a related party of Marla Investments Inc., the company’s majority shareholder, not under common control.

The company said it had agreed to acquire the 2015-built in South Korea Hellas Fighter for $39.25m, with delivery expected between mid-June and mid-August of 2026.

EuroHoldings said the company will use own funds and debt to finance the acquisition of the vessel.

As informed, the transaction was approved by an independent committee consisting of disinterested directors.

The company’s first tanker acquisition was announced in November 2025, when it agreed to buy the 49,997-dwt, built in 2015 in South Korea MR product tanker vessel Hellas Avatar for $31.83m.

Aristides Pittas, chairman, president and chief executive of Euroholdings, said: “We are happy to announce today the acquisition of an additional product tanker, sister to our m/v Hellas Avatar, that will join our fleet between June 15th to August 15th. We believe, this addition will further contribute to our profitability.”

The company was incorporated by Nasdaq-listed Euroseas to serve as the holding company of three subsidiaries that were contributed by Euroseas effective January 1,2025.

Euroseas distributed all the shares of Euroholdings to its shareholders on March 17, 2025, spinning off Euroholdings.

Euroholdings’ operations and containership vessels are managed by Eurobulk, an affiliated ship management company, which is responsible for the day-to-day commercial and technical management of the vessels.

The company’s product tanker is managed by Latsco Marine Management, an affiliated ship management company, which is responsible for the day-to-day commercial and technical management of the tanker vessel.

The company has a fleet portfolio of two feeder container carriers with a total carrying capacity of 3,171-teu and a medium range (MR) product tanker with capacity of 49,997-dwt.