Greek container owner Euroseas has returned to China’s Jiangsu New Yangzi Shipbuilding for two additional newbuild TEUs.
The NASDAQ-listed company said the vessels, priced at approximately $59.25 million each, are scheduled for delivery in March and May of 2028. Financing will be arranged through a combination of debt and equity.
The pair are sister ships to the two 4,300 TEU units Euroseas booked at the same yard in October 2024, with delivery in 2027.
Chairman and CEO Aristides Pittas said the investment reflects the company’s strategy of modernizing its fleet with intermediate, eco-design container ships. He noted that the segment has a relatively small orderbook and an aging fleet, creating opportunities for owners with modern tonnage.
Following the latest orders, the Athens-based tonnage provider counts a fully-delivered fleet of 25 vessels, including 21 in the water and four newbuilds to be delivered between 2027 and 2028.
Adis is an experienced news reporter with a background in finance, media, and education. He has written across the spectrum of the offshore energy and ocean industries for many years and is a member of the International Federation of Journalists. He had previously written for the Navingo Media Group titles, including Offshore Energy, Subsea World News, and Marine Energy.
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