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            march 25, 2019

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Euroseas closes charter deals for two feeder boxships


Greece-headquartered and NASDAQ-listed Euroseas LTD has arranged time charters for two of its feeder container vessels, EM Athens and Manolis P., according to Shipping Gazette.
The 2,506 TEU EM Athens has been fixed on a one-year time charter at a rate of US$10,400 per day, while 1,452 TEU Manolis P has extended its current charter contract for about a year at $9,500 per day.
Euroseas did not reveal the clients for the charters which started a few days ago, reports Singapore's Splash 247.
Chairman and CEO of Euroseas, Aristides Pittas, commented: "These charters are roughly 30 per cent higher than what the ships earned prior and is a clear sign that the sector is recovering. We have positioned our container fleet to take advantage of this anticipated rising market and, currently, have 6 more vessels that come up for renewal of their charters within the following 3 months. We remain optimistic for the containership market prospects and are actively seeking to grow the company and enhance shareholder value."
Euroseas has a fleet of 17 vessels, made up of 6 dry bulk vessels and 11 containerships.

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