Euroseas seals new feeder boxship charters

Euroseas seals new feeder boxship charters

Greek owner Euroseas has sealed new charters for two of its feeder container vessels, EM Athens and Manolis P.

The 2,506 teu EM Athens has been fixed on a one-year time charter at a rate of $10,400 per day, while 1,452 teu Manolis P has extended its current charter contract around a year at $9,500 per day.

Euroseas did not revel the clients for the charters, which bot start in the next few days.

Aristides Pittas, chairman and CEO of Euroseas, commented: “We are very pleased to announce the new charter and the extension of another for one more year for two of our containerships. These charters are roughly 30% higher than what the ships earned prior and is a clear sign that the sector is recovering. We have positioned our container fleet to take advantage of this anticipated rising market and, currently, have 6 more vessels that come up for renewal of their charters within the following 3 months. We remain optimistic for the containership market prospects and are actively seeking to grow the company and enhance shareholder value.”

Euroseas has a fleet of 17 vessels, made up of 6 dry bulk vessels and 11 containerships.

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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