Business
Euroseas Ltd. Announces the Sale of 5,610 teu Container Vessel, built in 2001
ATHENS, Greece, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and
About this update from Euroseas Ltd.
[{"type":"text","content":"ATHENS, Greece, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it has agreed to sell M/V Akinada Bridge, a 5,610 teu intermediate containership vessel built in 2001, at a gross price of $14.2 million. The vessel is expected to be delivered to its buyers in the beginning of January 2023. Fleet Profile After the sale of M/V “Akinada Bridge”, the Euroseas Ltd. fleet and employment profile will be as follows: NameTypeDwtTEUYear BuiltEmployment(*)TCE Rate ($/day) Container Carriers MARCOS VIntermediate72,9686,3502005TC until Dec-24$42,200plus 12 months optionoption $15,000SYNERGY BUSAN(*)Intermediate50,7264,2532009TC until Aug-24$25,000SYNERGY ANTWERP(+)Intermediate50,7264,2532008TC until Dec-23$18,000SYNERGY OAKLAND(*)Intermediate50,7874,2532009TC until May-26$42,000SYNERGY KEELUNG(+)Intermediate50,9694,2532009TC until Feb-23$14,500 EMMANUEL P (ex-SEASPAN MELBOURNE) (*) Intermediate 50,7964,2502005TC until Mar-25$19,000RENA P (ex-SEASPAN MANILA)(*)Intermediate50,7964,2502007TC until April-24$20,250 thenThen until Feb 25CONTEX(**) with $13,000 floor and $21,000 ceilingEM KEA(*)Feeder42,1653,1002007TC until May-23$22,000EM ASTORIA(*)Feeder35,6002,7882004TC until Feb-23$65,000then until Feb-24$50,000then until Feb-25$20,000EVRIDIKI G(*)Feeder34,6772,5562001TC until Feb-25$40,000EM CORFU(*)Feeder34,6542,5562001TC until Feb-25$40,000DIAMANTIS P(*)Feeder30,3602,0081998TC until Oct-24$27,000EM SPETSES(*)Feeder23,2241,7402007TC until Aug-24$29,500JONATHAN P (*)Feeder23,3571,7402006TC until Sep-24$26,662(***)EM HYDRA(*)Feeder23,3511,7402005TC until April-23$20,000JOANNA(*)Feeder22,3011,7321999TC until May-23$14,500AEGEAN EXPRESS(*)Feeder18,5811,4391997TC until Apr-25$41,000Total Container Carriers17666,03853,261 Vessels under constructionTypeDwtTEUTo be deliveredEmployment(*)TCE Rate ($/day)GREGOS (*)Feeder37,2372,800Q1 2023TC until Mar-26$48,000TERATAKI (*)Feeder37,2372,800Q2 2023TC until June-26$48,000TENDER SOULFeeder37,2372,800Q4 2023 LEONIDAS ZFeeder37,2372,800Q1 2024 MONICAFeeder22,2621,800Q1 2024 STEPHANIA KFeeder22,2621,800Q2 2024 PEPI STARFeeder22,2621,800Q2 2024 DEAR PANELFeeder37,2372,800Q4 2024 SYMEON PFeeder37,2372,800Q4 2024 Total under construction9290,...