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 Euroseas said in a statement on Monday it would pay about $102 million for the three 1,800-teu vessels.

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

Also, Hyundai Mipo will deliver the ships during the first half of 2024, one in the first and two in the second quarter of the year.

Euroseas did not provide any additional information regarding the propulsion of the ships.

With this order, the firm now has seven ships on order at Hyundai Mipo, including the recently ordered two 2,800-teu feeder ships.

“This order continues our strategy to further grow Euroseas in a manner that exploits the relative attractiveness of the newbuilding prices as compared to the price of secondhand vessels,” Pittas said in the statement.

“Furthermore, it builds on our commitment of having an environmentally friendly fleet and contributing to the de-carbonization effort of our industry,” he said.

“In a quite turbulent and uncertain economic and geopolitical environment, we remain very optimistic about the prospects of the container market,” Pittas added.

Most Popular

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

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...