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36 months trading East Mediterranean 27'000$ daily, ZIM
Euroseas acquires feeder boxship from Pittas family
Greek owner Euroseas has signed an MOU to acquire four feeder containerships from the Pittas family and its chairman Aristides Pittas. Euroseas will pay $15m cash and issue around 22.5m shares, representing 64.3% of Euroseas’ outstanding common shares to the sellers of the four vessels EM Hydra, EM Spetses, EM Kea and Diamantis P. The company intends to finance the cash portion with bank debt which will be used to repay the existing indebtedness of the vessels. Following the acquisition, Euroseas fleet will consist of 15 container vessels.
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7 - 9 months charter extension, trading US East Coast - Caribbean, MSC
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