Euroseas adds two containerships to orderbook

Greek shipping firm Euroseas said it has ordered two more feeder containerships at South Korean shipbuilder Hyundai Mipo.

Aristides Pittas-led Euroseas said in a statement on Monday it would pay about $86 million for the two 2,800-teu vessels.

The firm intends to finance the construction of the vessels with a combination of debt and equity.

Hyundai Mipo will deliver the ships during the fourth quarter of 2024.

Euroseas has exercised its option to proceed with the construction of two vessels following orders for four sister vessels in June 2021 and January this year.

According to Euroseas, it intends to upgrade the engines of all of its six 2,800-teu vessels
ordered to Tier III type from Tier II, and have the ships be LNG-ready where possible for a total incremental cost for all vessels of about $11 million.

Tier III type engine achieve lower NOx emissions, it said.

The firm recently ordered three LNG-ready 1,800-teu vessels at Hyundai Mipo as well.

With the latest order, Euroseas has nine containerships on order at the South Korean yard.

Most Popular

Venture Global’s Plaquemines LNG wraps up $4 billion notes offering

Venture Global's unit Plaquemines LNG has closed a $4 billion offering of senior secured notes.

Argentina’s Enarsa to spend $567 million on LNG purchases

Argentina's state-owned LNG importer, Energia Argentina (Enarsa), will spend $570 million to purchase 22 liquefied natural gas (LNG) cargoes from BP and TotalEnergies this year.

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

More News Like This

HD Hyundai Mipo clinches order for LNG bunkering duo

South Korea’s HD Hyundai Mipo has won a new order to build two liquefied natural gas (LNG) bunkering vessels.

HD Hyundai Mipo clinches order for four LNG bunkering vessels

South Korea’s HD Hyundai Mipo has won a new order to build four liquefied natural gas (LNG) bunkering vessels.

CMA CGM takes delivery of new LNG-fueled feeder vessel

French shipping giant CMA CGM has taken delivery of the final ship in a series of 10 new 2,000-teu...

HD Hyundai Mipo scores order for four LNG bunkering vessels

HD Hyundai Mipo said in a stock exchange filing that it will build the vessels for an unidentified Asian...