Euroseas | Jotup

Euroseas Ltd. Announces new charters for its two 4,250 teu containerships, 2007-built Rena P and 2005-built Emmanuel P at $21,000 per vessel per day following a mutually agreed termination of the existing charters

Retrieved on:

Tuesday, July 25, 2023

ESEA, TEU, Employment, Transport, Airline, Euroseas

The new charter will commence in August 2023, following the termination of its current charter.

Key Points:

The new charter will commence in August 2023, following the termination of its current charter.
Similarly, the Company agreed to terminate the current charter of M/V Emmanuel P, a 4,250 TEU vessel built in 2005, which was originally expiring in March 2025 at a rate of $19,000/day.
The new charter will commence in August 2023, following the termination of its current charter.
These charters are expected to contribute between $2-4 million in extra revenues for the same period.

Euroseas Ltd. Announces Delivery of M/V Terataki, an Eco 2,800 teu Feeder Containership Newbuilding, and Commencement of the Vessel’s Charter

Retrieved on:

Thursday, July 6, 2023

ESEA, AMP, WTA Tier III tournaments, National bank, Carbon, Ship, Acquisition, Transport, National Bank of Greece, TEU, Shipbuilding, Euroseas, EBITDA

The vessel is equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power).

Key Points:

The vessel is equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power).
The acquisition was financed with a combination of own funds and a sustainability-linked loan provided by National Bank of Greece S.A.
Following its delivery, M/V Terataki commenced a thirty-six to forty months charter with Asyad Lines.
“Our newbuilding program is a component of our strategy to grow our company by investing in modern, energy efficient vessels with minimal carbon footprint.

Euroseas Ltd. Announces a $19,000 per day Three-Year Charter for its 3,100 teu, 2007-built Vessel, M/V EM Kea and $15,000 per day One-Year Charter for its 1,740 teu, 2005-built Vessel, M/V EM Hydra

Retrieved on:

Wednesday, April 26, 2023

ESEA, TEU, EBITDA, Transport, Construction, Euroseas

M/V EM Kea, a 3,100 TEU vessel built in 2007, entered into a time charter contract extension for a period of thirty-six months, at a gross daily rate of $19,000.

Key Points:

M/V EM Kea, a 3,100 TEU vessel built in 2007, entered into a time charter contract extension for a period of thirty-six months, at a gross daily rate of $19,000.
The new charter will commence in June 2023 immediately following the completion of its current charter.
The new charter will commence in May 2023 immediately following the completion of its current charter.
Especially for our M/V Kea, the three-year charter we concluded at $19,000/day is higher than our previously expected level for the vessel.

Euroseas Ltd. Announces Delivery of M/V Gregos, an Eco 2,800 teu Feeder Containership Newbuilding, and Commencement of the Vessel’s Charter

Retrieved on:

Monday, April 10, 2023

ESEA, AMP, WTA Tier III tournaments, Acquisition, ESG, Transport, TEU, Shipbuilding, Euroseas, EBITDA

The vessel is EEDI Phase 3 compliant and equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power).

Key Points:

The vessel is EEDI Phase 3 compliant and equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power).
The acquisition was financed with a combination of own funds and a sustainability-linked loan provided by Eurobank S.A.
Following its delivery, M/V Gregos commenced a thirty-six to forty month charter with Asyad Lines.
In that respect, it is noteworthy that M/V Gregos and the rest of our newbuildings are 40%+ more efficient than the previous generation of similar size non-eco ships.

Euroseas Ltd. Announces a $23,000 per day Two-Year Charter for its 4,253 teu, 2009-built Vessel, M/V “Synergy Keelung”

Retrieved on:

Wednesday, April 5, 2023

ESEA, TEU, EBITDA, Transport, Airline, Euroseas

ATHENS, Greece, April 05, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a new charter of its container vessel M/V “Synergy Keelung”.

Key Points:

ATHENS, Greece, April 05, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a new charter of its container vessel M/V “Synergy Keelung”.
The new charter will commence in April 2023 immediately following the completion of its current charter.
Aristides Pittas, Chairman and CEO of Euroseas commented:
“We are pleased to announce the new charter of our vessel M/V Synergy Keelung with a first-class charterer.
M/V Synergy Keelung’s charter will generate about $10m of EBITDA over the next two years providing a higher contribution to our earnings per share than previously expected.”
After the new charter arrangements of M/V “Synergy Keelung”, the Euroseas Ltd. fleet and employment profile will be as follows:

Euroseas Ltd. Announces the Sale of 5,610 teu Container Vessel, built in 2001

Retrieved on:

Thursday, December 29, 2022

TEU, Transport, Euroseas, ESEA, Sale, Intermodal freight transport, Ridesharing company, Fuel oil

ATHENS, Greece, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it has agreed to sell M/V Akinada Bridge, a 5,610 teu intermediate containership vessel built in 2001, at a gross price of $14.2 million.

Key Points:

ATHENS, Greece, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it has agreed to sell M/V Akinada Bridge, a 5,610 teu intermediate containership vessel built in 2001, at a gross price of $14.2 million.
The vessel is expected to be delivered to its buyers in the beginning of January 2023.
After the sale of M/V “Akinada Bridge”, the Euroseas Ltd. fleet and employment profile will be as follows:

Euroseas Ltd. Announces Forward Charters For Two Fuel Efficient 2,800 teu Feeder Containerships currently under construction that will be delivered to the company in March and June 2023 respectively

Retrieved on:

Wednesday, May 18, 2022

Company, Nasdaq, Marshall Islands, U.S. Securities and Exchange Commission, Euroseas, ISO 9001:2008, Pitta, ESEA, Securities Act of 1933, Securities Exchange Act of 1934, Republic, Intermediate, Maritime Transportation Security Act of 2002, Feeder, TEU, ISO, Security (finance), Risk management

Euroseas trades on the NASDAQ Capital Market under the ticker ESEA.

Key Points:

Euroseas trades on the NASDAQ Capital Market under the ticker ESEA.
Euroseas employs its vessels on spot and period charters and through pool arrangements.
After the delivery of its recently acquired 2 Intermediate containerships, the Company will have a fleet of 18 vessels comprising of 10 Feeder and 8 Intermediate containerships.
On a fully-delivered basis of its vessels under construction, the Companys fleet will increase to 27 containerships with a cargo capacity of about 81,071 teu.

Euroseas Ltd. Signs Contract for the Construction of Two Additional Fuel Efficient 2,800 teu Feeder Containerships Increasing its Newbuilding Program to Nine Vessels

Retrieved on:

Monday, May 16, 2022

Euroseas employs its vessels on spot and period charters and through pool arrangements.

Key Points:

Euroseas employs its vessels on spot and period charters and through pool arrangements.
After the delivery of its recent acquisition of 2 Intermediate containerships, the Company will have a fleet of 18 vessels comprising of 10 Feeder and 8 Intermediate containerships.
Euroseas 18 containerships have a cargo capacity of 58,871 teu.
On a fully-delivered basis, the Companys fleet will increase to 27 containerships with a cargo capacity of about 81,071 teu.

Euroseas Ltd. Announces Agreement to Acquire two 4,250 teu Container Vessels, built in 2005 and 2007

Retrieved on:

Tuesday, May 3, 2022

U.S. Securities and Exchange Commission, ISO, Company, Securities Exchange Act of 1934, Euroseas, Securities Act of 1933, ISO 9001:2008, TEU, Feeder, Marshall Islands, Security (finance), ESEA, Maritime Transportation Security Act of 2002, Republic, Pitta, Nasdaq, TC, Risk management

(**) CONTEX stands for the Container Ship Time Charter Assessment Index.

Key Points:

(**) CONTEX stands for the Container Ship Time Charter Assessment Index.
Euroseas trades on the NASDAQ Capital Market under the ticker ESEA.
Euroseas operates in the container shipping market.
The Company has a fleet of 18 vessels, including 10 Feeder and 8 Intermediate containerships with a cargo capacity of 58,871 teu.

Euroseas Ltd. Signs New Building Agreements for the Acquisition of Three Fuel Efficient 1,800 teu Feeder Containerships

Retrieved on:

Monday, March 21, 2022

In a quite turbulent and uncertain economic and geopolitical environment, we remain very optimistic about the prospects of the container market.

Key Points:

In a quite turbulent and uncertain economic and geopolitical environment, we remain very optimistic about the prospects of the container market.
The Company currently has a fleet of 16 vessels comprising of 10 Feeder and 6 Intermediate containerships.
Euroseas 16 containerships have a cargo capacity of 50,371 teu.
On a fully delivered basis, the Companys fleet will increase to 23 containerships with a cargo capacity of about 66,971 teu.