Euroseas Signs New Building Agreements for the Acquisition of 3 Fuel Containerships

Source: www.gulfoilandgas.com 3/21/2022, Location: Europe

Euroseas Ltd., an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced that it has signed a contract for the construction of three 1,800 teu eco-design fuel efficient feeder containerships. The vessels will be built at Hyundai Mipo Dockyard Co. in Korea and are scheduled to be delivered during the first half of 2024, one in the first and two in the second quarter of the year. The total consideration for the construction of the three vessels is approximately $102 million which the Company intends to finance with a combination of debt and equity.

Aristides Pittas, Chairman and CEO of Euroseas commented: "We are pleased to announce the ordering of three modern LNG-ready eco-design containerships of 1,800 teu capacity each in one of the best quality shipbuilders in the world, the same yard where our previous orders for four 2,800 teu vessels were placed. This order continues our strategy to further grow Euroseas in a manner that exploits the relative attractiveness of the newbuilding prices as compared to the price of secondhand vessels; furthermore, it builds on our commitment of having an environmentally friendly fleet and contributing to the de-carbonization effort of our industry. In a quite turbulent and uncertain economic and geopolitical environment, we remain very optimistic about the prospects of the container market. We look forward to welcoming all our seven newbuildings into our fleet over the next two and half years creating a fleet line-up focused on the most commercial sizes of the feeder sector.”


South Korea >>  8/11/2022 - MacGregor, part of Cargotec, has been selected to supply RoRo equipment for four RoRo vessels to be built by the Guangzhou Shipyard International Co.,...
France >>  8/3/2022 - Bureau Veritas (BV), a world leader in testing, inspection and certification, has delivered an Approval in Principle (AiP) to CRAIN Technologies (Cent...

Singapore >>  8/2/2022 - The Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam have signed a memorandum of understanding (MoU) to establish the world’s ...
Spain >>  8/1/2022 - TSC Engineering Ltd ("TSC Engineering") has been selected to support Marine Power Systems with the design and development of their unique tensioner de...

United Kingdom >>  7/29/2022 - V.Group will be providing full technical management of the three LNG dual-fuel new build vessels that are currently under construction in Daewoo Shipb...
Azerbaijan >>  7/28/2022 - Aquaterra Energy, a leader in global offshore energy engineering solutions, has been awarded a high-pressure high temperature (HPHT) subsea riser cont...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.