Euroseas ltd. signs new building agreements for the acquisition of two fuel efficient 2,800 teu feeder containerships

Athens, greece, june 30, 2021 (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 two eco design fuel efficient containerships. the vessels will have a carrying capacity of about 2,800 teu each and will be built at hyundai mipo dockyard co. in korea. the two newbuildings are scheduled to be delivered during the first and second quarter of 2023, respectively. the total consideration for these two newbuilding contracts is about $76 million which will be financed with a combination of debt and equity.
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