ExpansionJun 15, 2026, 04:06 PM
Euroseas Orders Two Additional 1,800 TEU Container Vessels
AI Summary
Euroseas Ltd. announced the declaration of options for the construction of two additional modern fuel-efficient, gearless 1,800 teu container vessels. These vessels, sisterships to two ordered in April 2026, are scheduled for delivery in December 2028 and March 2029. Each vessel will cost approximately $32.26 million, financed through a combination of debt and equity. Chairman and CEO Aristides Pittas highlighted the company's commitment to fleet modernization and the compelling business case in the tight feeder and sub-6000 teu containership market.
Key Highlights
- Ordered two additional 1,800 teu gearless container vessels.
- Vessels to be built at Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd.
- Scheduled for delivery in December 2028 and March 2029.
- Each vessel costs approximately $32.26 million.
- Financing will be a combination of debt and equity.
- Fleet will consist of 33 vessels with 97,396 teu capacity after newbuilding deliveries.
Price Impact
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