Greek container ship owner Euroseas has signed a 18-month charter contract for its 1,740 TEU feeder containership “EM Spetses”, which was built in 2007.
According to the contract, the EM Spetses will be chartered for a minimum period of 18 months and a maximum period of 20 months, depending on the charterer, at a daily rate of $18,100. The lease will commence at the beginning of August 2024 and will come into effect at the end of her current lease.
Euroseas said the charter is expected to generate approximately $5.5 million in EBITDA over the shortest contract period, increasing Euroseas’ charter coverage to approximately 94% in 2024 and to approximately 44% in 2025.