Euroseas Ltd. (NASDAQ: ESEA) Picks Up the Pace of Fleet Renewal. Doubles Feeder Containership Order - Aristides Pittas, Chairman & CEO.
Summary: Euroseas Ltd. Pushes For Fleet Renewal Doubles Feeder Orders at South Korean Yard
- Fleet Renewal & Expansion Strategy
- Focus on Large Feeder Containerships
- Feeder Containership Segment Can Grow at Faster Pace
- Focus on Optimizing Fuel Consumption
February 9, 2022
Trending News - In this series we have the opportunity to discuss with company management the recent news and announcements they have made.
Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business overthe past 140 years. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA. Euroseas operates in the container shipping market. Euroseas' operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements. After the delivery of M/V Leo Paramount, the Company will have a fleet of 16 vessels comprising of 10 Feeder and 6 Intermediate containerships. Euroseas 16 containerships have a cargo capacity of 50,371 teu. Furthermore, after the delivery of two feeder containership newbuildings in the first half of 2023, Euroseas’ fleet will consist of 18 vessels with a total carrying capacity of 55,971 teu. More information here: www.euroseas.gr