Euroseas lands $200,000 per day deal for panamax boxship

Greek boxship owner Euroseas has landed a massive time charter deal with an undisclosed client paying around $200,000 per day for its 4,250 teu Synergy Oakland.

The 2009-built panamax boxship will go on a charter for about two to three months at a daily rate of $202,000 or $195,000 depending on where the vessel will be delivered to the charterer.

The charter will commence in the second half of October this year when the vessel is redelivered from its current contract.

“This is the highest time charter rate ever achieved by any vessel in our fleet and one of the highest rates ever achieved in our industry,” said Aristides Pittas, chairman and CEO of Euroseas.

The new charter secures a minimum of $12m of contracted revenue over two months and up to $17m if the maximum period of the charter is exercised. Euroseas bought the Synergy Oakland in November 2019 for $10m.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.


  1. Very optimistic charterers seemingly,
    470 USD per 20’slot per day, with a voyage of 20 days will this be 9411 USD or 18.800 per 40’…….
    Where is this going to lead to ?

  2. Wow

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