Euroseas Ltd., an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced that on February 6, 2024, it has taken delivery of its M/V Tender Soul, an Eco EEDI Phase 3, 2,800 teu feeder containership newbuilding from Hyundai Mipo Dockyard Co. in South Korea.

The vessel is equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power).

The vessel is financed via a sale and leaseback agreement with a Japanese owner and bank. Following its delivery, M/V Tender Soul commenced an eight to ten months charter at a rate of $17,000/day.

Aristides Pittas, Chairman and CEO of Euroseas commented: "We are very pleased to have taken delivery of M/V Tender Soul, the third vessel from our nine-vessel newbuilding program which includes three additional 2,800 teu and three 1,800 teu units, all modern fuel-efficient eco-design vessels with Tier III engines. It should be noted that M/V Tender Soul and the rest of our newbuildings are 40%+ more efficient than previous generation similar size non-eco ships.

“Thus, we look forward to the delivery of the remaining of our newbuildings that will help us reduce our carbon footprint. At the same time, we expect that the recent recovery in charter rates would benefit our vessels that are to be chartered or re-chartered in the next several months including the next scheduled deliveries from our newbuilding program. As always, we continue to monitor the secondhand and resale markets to identify accretive investment opportunities.”

Euroseas Ltd. Press Release