5.5 C
Monday, April 15, 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

NYK pioneers truck-to-ship fuel ammonia bunkering

At the Sea Japan 2024 event, NYK announced its plans to supply fuel ammonia at the end of May to an upcoming NYK-owned ammonia-fueled...

Vitesco Technologies and DHL form strategic partnership

Vitesco Technologies established a strategic partnership with DHL Supply Chain, where DHL serves as the Lead Logistics Partner (LLP). Commencing in March, DHL will centrally...

Gebrüder Weiss establishes central IT and logistics hub near Austria’s freight terminal

Gebrüder Weiss, a globally operating full-service logistics provider, is setting up a central location for IT and logistics near Wolfurt's freight terminal, ensuring the...

Maersk restructures Europe-West Africa service network

Danish ocean carrier Maersk has announced changes in its Europe-West Africa service network, which will take effect from the 17th week of the year. The...

Carriers spot bargaining room for India-Middle East cargo as Red Sea gains fade

India-Persian Gulf trades seem to be a glaring exception for container lines, as they are rapidly losing the pricing steam they have had from...