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

Athens, greece, june 18, 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 pepi star, 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 $24,250. the new charter will commence upon delivery of the vessel from the shipyard expected to take place on or about july 19, 2024. the acquisition was financed with a combination of debt and equity.
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