Euroseas Takes Delivery of Newbuild Kamsarmax Bulk Carrier, Hires out Container Ship Evridiki G

By Vessels

Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced on Tuesday (Mar 1) that the Company took delivery of the M/V Xenia from Jiangsu Yangzijiang Shipbuilding Co. on February 26, 2016.

The M/V Xenia is an "eco" design Kamsarmax fuel efficient drybulk carrier with a carrying capacity of 82,000 dwt. The M/V Xenia has commenced a time charter contract until January 2020 at a gross daily rate of $14,100 with a charterer's option to extend the charter for one additional year at a gross daily rate of $14,350.

The Company also announced yesterday that it has entered into a time charter contract for the container vessel, Evridiki G, at a gross daily rate of $11,000 for a period of two years. The M/V Evridiki G is an Intermediate container carrier with a cargo capacity of 2,556 teu.

Container ship Evridiki G - Image: Arjan Elmendorp

Euroseas operates in the dry cargo, drybulk and container shipping markets.

The Company has a fleet of 12 vessels, including 1 Kamsarmax drybulk carrier, 3 Panamax drybulk carriers and 1 Handymax drybulk carrier, 2 Intermediate containerships, 3 Handysize containerships, and 2 Feeder containerships. Euroseas 5 drybulk carriers have a total cargo capacity of 351,272 dwt, and its 7 containerships have a cargo capacity of 11,828 teu. The Company has also signed contracts for the construction of two Ultramax (63,500 dwt) fuel efficient drybulk carriers and one Kamsarmax (82,000 dwt) fuel efficient drybulk carrier. Including the three new-buildings, the total cargo capacity of the Company's dry-bulk vessels will be 560,272 dwt.

Source: Euroseas