14.4 C
Hamburg
Tuesday, June 18, 2024
Home News Euroseas secures new time charter for 4,250 TEU boxship

Euroseas secures new time charter for 4,250 TEU boxship

Greek vessel owner Euroseas announced a time charter contract for its 4,250 TEU intermediate container ship Synergy Antwerp for a minimum period of 11.5 to a maximum period of 14 months, at the option of the charterer, at a gross daily rate of US$26,500.

The charter commenced on 2 April after the vessel completed its scheduled drydock and special survey, along with certain retrofits including the installation of several energy-saving devices, which are expected to improve its consumption in the commercial speed range by about 25%.

On that basis, the vessel will emit about 9,800 metric tons of CO2 less per annum. The retrofits and energy-saving devices that were installed on the ship are:

  • New bulbous bow
  • New and lighter propeller
  • Hub vortex absorbed fins (HVAF)
  • Pre-shrouded vanes (PSV)
  • Silicone coating of the ship’s underwater parts
  • LED lights
  • Auto pilot upgrade with advanced ecology control
  • Jacket pre-heater auto control

Aristides Pittas, chairman and CEO of Euroseas, commented: "The charter rate represents a strong increase compared to last done, indicating charterer’s interest in more modern, energy-efficient vessels; it is expected to contribute about US$6.5 million of EBITDA over the minimum contracted period and increases our 2024 charter coverage to about 80%. This is the third vessel from our fleet undergoing retrofits as part of our ongoing efforts to modernize our fleet and reduce our carbon footprint."





Latest Posts

OrbitMI guides navigation through complex digital landscape for sound tech adoption

The maritime software market is teeming with numerous vendors offering a wide array of technologies aimed at achieving data-driven operational efficiencies. These efficiencies are crucial...

Navigating the Changing Tides of the Container Shipping Industry in East Asia

As East Asia's container shipping industry sails into uncharted waters, it faces a shifting tide of customer demand reshaping the very foundations of maritime...

Spot rate growth slows but ocean container shipping market will remain extremely challenging

Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data...

Sweden-Belgium Green Shipping Corridor project enhanced with new partner

Port of Gothenburg, North Sea Port, and the Danish international shipping and logistics company DFDS have welcomed the Port of Antwerp-Bruges to the Green...

Containers lost at sea at record low levels

The World Shipping Council (WSC) has released its annual report on containers lost at sea, revealing a significant decrease to 221 boxes lost in...