Euroseas offloads 20-year-old handymax

Euroseas offloads 20-year-old handymax

Greek owner Euroseas has sold its 1998-built handymax bulker Monica P for $6.45m.

The vessel, which comes off a $10,000 per day charter next month, was sold to an unaffiliated third party with delivery scheduled for June 30.

Aristides Pittas, chairman and CEO of Euroseas, commented: “As part of our drybulk fleet renewal program we have committed to sell our eldest drybulk vessel, the 20 years old m/v Monica P, which will soon be replaced by our Kamsarmax new building m/v Ekaterini expected to be delivered within May 2018.”

Euroseas currently has six bulkers on the water made up of three panamaxes, one kamsarmax, one ultramax and the now sold handymax.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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