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Thu, Feb

‘Profitable charter:’ Euroseas reports charter extension for feeder until 2028

‘Profitable charter:’ Euroseas reports charter extension for feeder until 2028

Hellenic Shipping News
Euroseas cashes better rate with newbuild boxship charter deal

Greece’s Euroseas boxship owner, led by Aristides Pittas, has agreed to extend the charter

Euroseas cashes better rate with newbuild boxship charter deal

Greece’s Euroseas boxship owner, led by Aristides Pittas, has agreed to extend the charter contract for one of its feeder boxships with a “top-class charterer” for a two-year period.

The Nasdaq-listed company extended the time charter contract for its 2007-built 1,740 teu feeder containership, EM Spetses, for a minimum period of 22 to a maximum period of 24 months, at the option of the charterer, at a gross daily rate of $21,500.

As informed, the new charter period will begin on April 12, 2026, in direct continuation of its present charter, and represents a daily increase of over $3,000 over the vessel’s current rate.

Aristides Pittas, chairman and CEO of Euroseas, commented: “We are very pleased to that we have extended the time charter contract for our 2007-built EM Spetses with a top-class charterer,

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