Greece’s Euroseas boxship owner, listed on Nasdaq stock market, led by Aristides Pittas has
Greece’s Euroseas boxship owner, listed on Nasdaq stock market, led by Aristides Pittas has secured a charter contract extension for its 3,100 teu feeder containership EM Kea (built in 2007) with a “top-class charterer”at a profitable rate.
The company said the charter extension for its feeder containership covers a minimum period of 36 to a maximum period of 38 months, at the charterer’s option, at a gross daily rate of $30,000.
The new charter period will begin on July 14, 2026, in direct continuation of its present charter, and represents a daily increase of close to 60% over the vessel’s current rate.
According to Euroseas’ chief, the charter is expected to generate about $22.5m of Ebitda over the minimum contracted period and increases the company’s charter coverage for 2026, 2027, and 2028 to
