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

Report: Egypt’s EGAS charters Hoegh LNG’s FSRU

The Egyptian Natural Gas Holding Company (EGAS) has chartered Hoegh LNG's floating storage regasification and storage unit, Hoegh Galleon,...

Equinor says nobody injured after leak at Hammerfest LNG

Norway’s Equinor has confirmed that there were no injuries following a hydrocarbon leak at its 4.3 mtpa Hammerfest LNG...

Glenfarne’s Texas LNG inks new deal with EQT

US natural gas producer EQT has entered into a second heads of agreement for liquefaction services from Texas LNG’s...

More News Like This

CMA CGM takes delivery of first of 10 LNG-powered feeder vessels

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

Exmar and Seapeak to equip LPG newbuild duo with ammonia engines

Exmar LPG, a joint venture consisting of Exmar and Seapeak, will equip two midsize gas carriers currently under construction...

Peninsula to start Gibraltar LNG bunkering ops

Marine fuel supplier Peninsula will soon start delivering liquefied natural gas as fuel to vessels in Gibraltar with the...

Pan Ocean, Shell name large LNG bunkering newbuild

Pan Ocean and Shell have named a new LNG bunkering vessel with a capacity of 18,000 cbm which Shell...