Euroseas Ltd. Secures New Charter Contracts for Container Carrier Vessels
ATHENS, Greece - Euroseas Ltd. a leading provider of seaborne transportation for containerized cargoes, has announced a series of time charter contracts for its container carrier vessels. These agreements signify the company’s commitment to expanding its fleet and meeting the growing demand for container shipping services.
The first contract involves the 1,740 feeder containership, EM Spetses. The vessel has secured a charter contract for a minimum period of 18 months, with the option to extend it up to 20 months. The charterer will pay a gross daily rate of $18,100. The charter is set to commence in early August 2024, following the completion of the ship’s current charter.
Euroseas Ltd. has also entered into a time charter contract for the M/V Pepi Star, a newbuilding fuel-efficient 1,800 teu feeder containership. The vessel, which is currently under construction, has secured a charter contract for a minimum of 23 months, extendable up to 25 months. The charterer will pay a gross daily rate of $24,250. The charter is expected to begin upon the delivery of the vessel, which is scheduled for July 19, 2024.
Furthermore, Euroseas Ltd. has announced a time charter contract for the M/V Synergy Antwerp, an intermediate containership with a capacity of 4,250 teu. The vessel has secured a charter contract for a minimum period of 11.5 months, with the option to extend it up to 14 months. The charterer will pay a gross daily rate of $26,500. The charter commenced on April 2, 2024, following the vessel’s completion of scheduled drydock, special survey, and retrofitting, including the installation of energy-saving devices. These improvements are expected to reduce CO2 emissions by approximately 9,800 metric tons per annum.
These new charter contracts mark Euroseas Ltd.’s ongoing efforts to expand its fleet and optimize its services to meet the evolving needs of the container shipping industry. The company’s commitment to fuel efficiency and reducing its environmental impact is evident in its investment in newbuilding vessels and retrofitting existing ones.
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