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Euroseas (Pittas) orders boxship pair in China for $46.35m each

Euroseas (Pittas) orders boxship pair in China for $46.35m each

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

Greece’s Euroseas boxship owner, led by Aristides Pittas, has inked a deal for the

Euroseas cashes better rate with newbuild boxship charter deal

Greece’s Euroseas boxship owner, led by Aristides Pittas, has inked a deal for the construction of two specialized 2,800 teu, high-reefer containerships to be built at Huanghai Shipbuilding in China.

The Nasdaq-listed shipowner said the ships, with over 1,000 reefer plugs, are optimized for high-reefer density trades, providing increased capacity for refrigerated cargo, a trade with growing demand.

Both vessels will be built to EEDI Phase 3 and IMO NOx Tier III standards, with delivery set for June and August 2028.

Each ship is costing around $46.35m and, according to Euroseas, will be financed with a combination of debt and equity.

The newbuilding deal also provides the company with the option to order up to four additional vessels of similar size, with high reefer plugs or conventional, within a short period of time.

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