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.

- Advertisements -

Most Popular

Souki says Tellurian invested $750 million in Driftwood LNG

US LNG firm Tellurian has already invested $750 million in its Driftwood project in Louisiana, as it continues to...

EIG hires Shell’s Venter as CEO of its LNG unit

US-based energy investor EIG said it has named Shell's De la Rey Venter as chief executive officer of its...

Shell says Prelude FLNG ops impacted due to industrial action

LNG giant Shell said that loading of cargoes at its huge Prelude floating LNG unit offshore Western Australia would...

More News Like This

MAN to power CLdN’s LNG RoRo vessels

Germany’s MAN Energy Solutions confirmed it has secured an order to provide its dual-fuel engines for two LNG-powered hybrid...

Euroseas orders LNG-ready containerships at Hyundai Mipo

Greek shipping firm Euroseas said it has ordered three LNG-ready feeder containerships at South Korean shipbuilder Hyundai Mipo. Aristides Pittas-led...

Hyundai Mipo delivers large LNG bunkering vessel to Korea Line

South Korea's Hyundai Mipo Dockyard said it has delivered a large LNG bunkering ship to compatriot Korea Line. Hyundai Mipo...

Hyundai Mipo to build four LNG-fueled containerships, one LPG carrier

South Korean shipbuilder Hyundai Mipo has secured orders for four LNG-powered feeder containerships and one LPG carrier. According to parent...