Euroseas ltd. signs new building agreements for the acquisition of three fuel efficient 1,800 teu feeder containerships

Athens, greece, march 21, 2022 (globe newswire) -- euroseas ltd. (nasdaq:esea), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it has signed a contract for the construction of three 1,800 teu eco-design fuel efficient feeder containerships. the vessels will be built at hyundai mipo dockyard co. in korea and are scheduled to be delivered during the first half of 2024, one in the first and two in the second quarter of the year. the total consideration for the construction of the three vessels is approximately $102 million which the company intends to finance with a combination of debt and equity.
ESEA Ratings Summary
ESEA Quant Ranking