Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, recently announced that it has declared its options for the construction of two additional modern fuel-efficient, gearless 1,800 teu container vessels to be built at Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd, in China.
The vessels are scheduled to be delivered in December of 2028 and March of 2029. The total consideration for each vessel is approximately $32.26 million and will be financed with a combination of debt and equity.
Aristides Pittas, Chairman and CEO of Euroseas commented:
“We are very pleased to announce the ordering of two additional 1,800 teu gearless containerships, sisterships to the two we ordered in April of 2026. These orders reflect our continued commitment to disciplined fleet modernization and renewal.
