First Citizens Bank has announced a $26 million financing agreement with Euroseas Ltd. (NASDAQ: ESEA) to support the addition of a newly built 2,800 TEU eco-efficient containership to its growing fleet.
Key Details
Loan Amount: $26 million
Purpose: Acquisition of a 2,800 TEU eco-efficient containership
Euroseas Fleet Size: 24 vessels, with two additional ships on order
Total Cargo Capacity: 76,094 TEU
Commitment to Growth & Sustainability
Dr. Anastasios Aslidis, CFO, Euroseas Ltd.
“As demand rises, we are expanding our fleet while prioritizing sustainability. Investing in modern, eco-efficient vessels helps us reduce emissions and enhance shareholder value.”
Evan Cohen, Managing Director, First Citizens Maritime Finance
“Euroseas is a global leader in container shipping, and we are proud to support their continued growth with tailored financial solutions.”
First Citizens Maritime Finance: A Trusted Partner
Provides customized secured loans for global vessel owners & operators
Specializes in structured financing for fleet expansion
Supports sustainable shipping initiatives
Euroseas’ Strategic Expansion
With this financing, Euroseas strengthens its position as a leading global containership operator, reinforcing its commitment to modern, fuel-efficient fleet growth.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: First Citizen Banks
