Euroseas Secures Work for Two Containerships

Greece-based ship owner and operator Euroseas has secured work for two of its container vessels, namely the EM Athens and the Manolis P.

The 2,506 TEU vessel EM Athens, which is scheduled to start working on April 9, would be hired at a gross daily rate of USD 10,400.

The charter extension deal for Euroseas’ 1,452 TEU Manolis P would see the 1995-built boxship earn a gross daily rate of USD 9,500 starting from April 7.

Both units were hired for periods of about a year.

Euroseas informed that these charters are roughly 30% higher than what the ships earned prior and are “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,” Aristides Pittas, Chairman and CEO, of Euroseas, said.

“We remain optimistic for the containership market prospects and are actively seeking to grow the company and enhance shareholder value,” Pittas added.