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Euroseas receives new eco-friendly feeder boxship

Greek container vessel owner and operator Euroseas has announced the acquisition of the 2,800 TEU boxship Tender Soul.

This Eco EEDI Phase 3 vessel was delivered on 6 February 2024, from Hyundai Mipo Dockyard Co. in South Korea.

"We are very pleased to have taken delivery of M/V Tender Soul, the third vessel from our nine-vessel newbuilding program which includes three additional 2,800 TEUs and three 1,800 TEUs units, all modern fuel-efficient eco-design vessels with Tier III engines. It should be noted that vessel 'Tender Soul' and the rest of our new buildings are 40%+ more efficient than previous generation similar size non-eco ships," stated Aristides Pittas, chairman and CEO of Euroseas.

The ship features a Tier III engine and various sustainability features, including the installation of AMP (alternative maritime power). Financing for the vessel was secured through a sale and leaseback arrangement with a Japanese owner and bank.

Upon delivery, the vessel commenced an eight to ten-month charter at a rate of US$17,000 per day.

Pittas added, "We look forward to the delivery of the remaining of our new buildings that will help us reduce our carbon footprint. At the same time, we expect that the recent recovery in charter rates would benefit our vessels that are to be chartered or re-chartered in the next several months including the next scheduled deliveries from our new building program. As always, we continue to monitor the secondhand and resale markets to identify accretive investment opportunities."

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