Wednesday, June 25, 2025
Home News Euroseas charters out feeder ship under construction

Euroseas charters out feeder ship under construction

Greek container ship owner Euroseas has entered into a time charter contract for the 2,800 TEU Leonidas Z, a newbuilding fuel efficient feeder ship currently under construction, for 23-25 months at the option of the charterer, at a gross daily rate of US$20,000.

The new charter will commence upon delivery of the vessel from the shipyard expected around the end of April or beginning of May 2024.

Aristides Pittas, chairman and CEO of Euroseas commented, “We are pleased to announce that we have chartered our upcoming newbuilding vessel, the fourth in a series of nine, with one of the largest liner companies, at a profitable rate level of US$20,000/day, exploiting the recent strength of the market both in terms of charter level and charter duration. This charter is expected to contribute about US$9 million of EBITDA for the minimum contracted period; it increases our 2024 charter coverage to about 74%.

He added, “We are hopeful that we will be able to continue capitalizing on the current strength of the market for chartering our few vessels that come open within the next quarter including the three 1,800 TEU vessels that will be delivered during this period.”





Antonis Karamalegkos
Managing Editor

Latest Posts

KEZAD and Witthal Gulf Industries sign deal to launch recycling plant

Khalifa Economic Zones Abu Dhabi Group has signed a 50-year land lease agreement with Witthal Gulf Industries for the establishment of the country’s first...

Emirates Shipping Line announces new service to Seattle

Emirates Shipping Line has announced its entry into the United States market with the launch of the Sun Chief Express service, a direct, fortnightly...

Port of Long Beach approves $833 million budget

The Long Beach Board of Harbor Commissioners has approved an $833 million budget for fiscal year 2026, nearly half of which will go toward...

Tykoflex and Kongsberg Discovery develop subsea infrastructure

Tykoflex AB and Kongsberg Discovery have announced a strategic partnership to advance the development of modular, intelligent, and secure subsea infrastructure. This will combine Tykoflex’s...

West Africa’s container shipping profile rises with MSC’s giant ships

For the first time, the Far East – West Africa trade has entered the top 10 container shipping routes where the largest ships are...
error: Content is protected !!