Greek boxship owner Euroseas has exercised its option at South Korea’s Hyundai Mipo Dockyard for the construction of two additional 2,800 teu eco-design containerships.
The two newbuildings, worth around $86m, should deliver during the fourth quarter of 2024. The order follows two sisterships Euroseas ordered last June for around $76m and another pair in January this year for $85m. The Nasdaq-listed company also has three 1,800 teu LNG-ready boxships on order at the same shipyard.
The 2,800 teu sextet will also receive upgraded engines and be LNG-ready where possible, for a total incremental cost for all vessels of about $11m.
After the delivery of its recent acquisition of two intermediate boxships, Euroses will have a fleet of 18 vessels. On a fully-delivered basis, the company’s fleet will stand at 27 ships with a cargo capacity of about 81,071 teu.