Shipping Master Series

DRY BULK SHIPPING SECTOR PANEL Thursday, December 11, 2025 Moderator: Mr. Liam Burke, Managing Director - B. Riley Securities Panelists: Mr. Aristides Pittas, Chairman & CEO - EuroDry Ltd. (NASDAQ: EDRY); Euroseas Ltd. (NASDAQ: ESEA) Mr. Mads Boye Petersen, COO - Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) Mr. Hamish Norton, President - Star Bulk Carriers Corp. (NASDAQ: SBLK) Mr. William Fairclough, Managing Director - Wah Kwong Maritime Services (UK) Company Limited The webinar featured a panel discussion on dry bulk shipping opportunities, trends, and strategies, with panelists sharing their companies' fleet management approaches and market perspectives. The group explored challenges and opportunities for industry consolidation, discussing market conditions, debt policies, and the sector's outlook for 2026. While acknowledging various uncertainties including geopolitical factors and market fluctuations, the panelists expressed overall optimism about the long-term fundamentals of the dry bulk shipp