Euroseas Orders Feeder Boxship Trio

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  • Greek boxship owner Euroseas has penned a new contract with Hyundai Mipo Dockyard for the construction of three 1,800 teu LNG-ready eco-design feeder containerships.
  • The Nasdaq-listed company is paying approximately $102m for the trio set to deliver during the first half of 2024.
  • Euroseas currently has a fleet of 16 ships, comprising of 10 feeder and six intermediate containerships.

Euroseas penned a contract with Hyundai Mipo for construction of  3 LNG ready eco-designed containership paying approximately $102m. As stated in a recent article by Splash.

Signing the contract and the approximate payment

Greek boxship owner Euroseas has penned a new contract with Hyundai Mipo Dockyard for the construction of three 1,800 teu LNG-ready eco-design feeder containerships, taking its order book at the South Korean yard to seven ships.

The Nasdaq-listed company is paying approximately $102m for the trio set to deliver during the first half of 2024, one in the first and two in the second quarter of the year. Euroseas also has a quarter of 2,800 teu box ships under construction at Hyundai Mipo, expected to deliver in 2023 and 2024.

More on the Euroseas fleet

Aristides Pittas, chairman and CEO of Euroseas, commented: “This order continues our strategy to further grow Euroseas in a manner that exploits the relative attractiveness of the newbuilding prices as compared to the price of secondhand vessels; furthermore, it builds on our commitment of having an environmentally friendly fleet and contributing to the de-carbonisation effort of our industry. In a quite turbulent and uncertain economic and geopolitical environment, we remain very optimistic about the prospects of the container market.”

Euroseas currently has a fleet of 16 ships, comprising of 10 feeders and six intermediate containerships. On a fully-delivered basis, Euroseas’s fleet will increase to 23 containerships with a cargo capacity of about 66,971 teu.

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Source: Splash

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