Euroseas ltd. announces time charter contract for its fuel efficient 1,800 teu feeder containership newbuilding, m/v stephania k

Athens, greece, june 10, 2024 (globe newswire) -- euroseas ltd. (nasdaq: esea, the “company” or “euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today it has entered into a time charter contract for m/v stephania k, a newbuilding fuel efficient 1,800 teu feeder containership currently under construction, for a minimum period of 23 to a maximum period of 25 months at the option of the charterer, at a gross daily rate of $22,000. the new charter will commence upon delivery of the vessel from the shipyard expected to take place on june 28, 2024. the acquisition was financed with a combination of own funds and a us$22.5 million loan provided by the national bank of fujairah.
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