ATHENS - Euroseas Ltd . (NASDAQ:ESEA), a prominent container vessel operator, has announced the acquisition of a new eco-efficient feeder containership, M/V Tender Soul, as of Monday. The 2,800 TEU ship, built with the latest Eco EEDI Phase 3 design, was delivered by Hyundai (OTC:HYMTF) Mipo Dockyard Co. in South Korea. This addition is part of a larger nine-vessel newbuilding program aimed at enhancing the company's sustainability and efficiency.
The M/V Tender Soul is notable for its Tier III engine and alternative maritime power (AMP (OTC:AMLTF)) capabilities, signaling Euroseas' commitment to environmental stewardship. The vessel's financing was structured through a sale and leaseback arrangement with a Japanese entity, reflecting a strategic approach to fleet expansion.
Upon delivery, the M/V Tender Soul commenced a charter of eight to ten months at a daily rate of $17,000. Aristides Pittas, Chairman and CEO of Euroseas, expressed satisfaction with the new vessel, highlighting that it is over 40% more efficient than older ships of similar size. Pittas also noted that the company anticipates the recent uptick in charter rates to positively impact their upcoming charters, including those for the remaining vessels in the newbuilding program.
With the inclusion of M/V Tender Soul, Euroseas' operational fleet now consists of 20 containerships with a combined cargo capacity of 61,661 TEU. The company's fleet profile will further expand to 26 containerships and approximately 75,461 TEU upon the delivery of all vessels currently under construction.
The information in this article is based on a press release statement from Euroseas Ltd. The company, with a history spanning over 140 years, operates in the container shipping market and is managed by the ISO certified ship management company Eurobulk Ltd. Euroseas trades under the ticker ESEA on the NASDAQ Capital Market.
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