Euroseas secures charter extensions for Hyundai-built feeder pair

Greece’s Euroseas boxship owner, listed on Nasdaq stock market, led by Aristides Pittas disclosed on Monday details for the charter contract extensions of its Hyundai-built feeder containerships, Stephania K and Pepi Star.

Euroseas said its 2024-built 1,800 teu feeder containerships have secured two-year charter contract extensions for a minimum period of 24 to a maximum period of 26 months, at the option of the charterer, at a gross daily rate of $25,500.

The new charter periods will start on July 28, 2026 and August 19, 2026, respectively, in direct continuation of the present charter contracts.

The charters are expected to generate around $27m of EBITDA over the minimum contracted period of both vessels and increase the company’s charter coverage for 2026, 2027, and 2028 to about 96%, 86% and 48% respectively.

Aristides Pittas, chairman and CEO of Euroseas, stated: “We are very pleased to announce that we have extended the