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Euroseas (Pittas) orders boxship pair in China for $59.25m each | Shipyard news

Euroseas (Pittas) orders boxship pair in China for $59.25m each | Shipyard news

Hellenic Shipping News
Euroseas cashes better rate with newbuild boxship charter deal

Greece’s Euroseas boxship owner, listed on Nasdaq stock market, led by Aristides Pittas has

Euroseas cashes better rate with newbuild boxship charter deal

Greece’s Euroseas boxship owner, listed on Nasdaq stock market, led by Aristides Pittas has signed a contract for the construction of two additional modern fuel-efficient 4,300 teu container vessels to be built at Jiangsu New Yangzi Shipbuilding CO., in China.

The vessels are scheduled to be delivered in March and May of 2028. The total consideration for each of these two newbuilding contracts is approximately $59.25m and will be financed with a combination of debt and equity.

Currently, the Company has a fleet of 22 vessels, including 15 feeder containerships and 7 intermediate containerships with a cargo capacity of 67,494 teu.

After the sale of the vessel Marcos V and the delivery of the four intermediate containership newbuildings in 2027 and 2028, Euroseas’ fleet will consist of 25 vessels with a total carrying capacity

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