Euroseas secures charter extension

Greek owner Euroseas has secured an extension of the charter contract for its 2008-built container vessel Synergy Antwerp.

The contract for the 4,253 teu vessel has been extended for a period of between 32 and 35 months, at charterers’ option, at a daily rate of $18,000 per day.

The new rate will commence on January 1, 2021 and will replace the remaining three months of the current charter originally due to expire on March 31, 2021.

“We are very pleased to announce the new charter for another one of our vessels, Synergy Antwerp, providing secured and very profitable employment for almost the next three years. Synergy Antwerp is expected to make an EBITDA contribution of about $3.8m per year, totaling more than $10m for the duration of its new charter. This is the fourth vessel of our fleet which has recently been re-chartered at high rates,” said Aristides Pittas, Chairman and CEO of Euroseas.

Euroseas currently owns a fleet of 14 vessels with total capacity of about 42,281 teu.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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