Euroseas, an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced a new charter for two newbuilding fuel efficient 2,800 teu feeder containerships currently under construction.
Specifically:
Aristides Pittas, Chairman and CEO of Euroseas commented:
“We are very pleased to announce three-year charters for the first two of our fuel efficient 2,800 teu feeder containerships under construction, M/V GREGOS and M/V TERATAKI, at a gross daily rate of $48,000 each. The new charters will commence upon delivery of the vessels in March 2023 and June 2023, respectively. Over the period of the charters, the two vessels are expected to contribute in excess of $85m of EBITDA fully repaying our cost to build them in just about 3 years. After these charters, our charter coverage for 2023 increases to about 76% and for 2024 to almost 55%.”
