ExpansionJun 16, 2026, 09:41 AM
Euroseas Orders 2 Additional 1,800 TEU Containerships for $32.26M Each
AI Summary
Euroseas Ltd. announced the order for two additional fuel-efficient, gearless 1,800 TEU containerships, exercising options from a previous order. These vessels, costing approximately $32.26 million each, are scheduled for delivery in December 2028 and March 2029. The company plans to finance the acquisition through a combination of debt and equity, citing a tight feeder and sub-6000 TEU containership market with a low orderbook and aging fleet as favorable structural fundamentals for this investment.
Key Highlights
- Euroseas ordered two additional 1,800 TEU containerships.
- Vessels are scheduled for delivery in December 2028 and March 2029.
- Each vessel costs approximately $32.26 million.
- Acquisition will be financed with a combination of debt and equity.
- CEO cited a tight feeder and sub-6000 TEU containership market.
- Low orderbook and aging fleet support investment in this vessel category.
- These are sisterships to two vessels ordered in April 2026.
- Company's fleet includes 21 container carriers on water and 12 under construction.
Price Impact
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