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Home News Euroseas confirms boxship charter for US$200,000 per day

Euroseas confirms boxship charter for US$200,000 per day

The Greek boxship owner and operator, Euroseas has announced a new time charter contract for its 4,253TEU container vessel, Synergy Oakland, at a gross daily rate of around US$200,000.

The 2009-built container ship entered into a new time charter contract for a period between a minimum of 60 days and a maximum of 85 days at the option of the charterer, at a gross daily rate of US$202,000 or US$195,000 depending on where the vessel will be delivered to the charterer.

"This is the highest time charter rate ever achieved by any vessel in our fleet and one of the highest rates ever achieved in our industry," highlighted Aristides Pittas, Chairman and CEO of Euroseas, who went on to note that the new charter will secure a minimum of US$12 million of contracted revenue over two months and, possibly, up to US$17 million if the maximum period of the charter is chosen by the charterer.

The new rate will commence in the second half of October 2021 when the vessel is redelivered from its current charter.

The new contract follows the vessel charter agreement of Euroseas for its feeder ship, Piraeus Trader, announced on 7 September, showing an increasing focus of the Athens-baaed company on the container ship charter market.

"Euroseas is well-positioned to take advantage of a further rising market with five ships, including Synergy Oakland after the expiration of its new charter, opening in the next six months," said Pittas.

Antonis Karamalegkos
Managing Editor

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