Euroseas Announces Charter Agreement for Container Ship

Thursday, April 26, 2007
Euroseas Ltd., an owner and operator of drybulk carriers, container ship and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that a subsidiary of the Company has entered into an one-year period time charter agreement with Hull & Hatches Logistics (Dubai) for the M/V Quingdao I, a 1,169 teu, 1990 built feeder container ship, at a gross daily rate of $12,800. The vessel was renamed M/V Ninos. Following this charter, approximately 88% of Euroseas total fleet days in 2007 and, approximately, 40% in 2008 are fixed under period charters, already concluded spot charters, or, otherwise protected from market fluctuations.

The rate of the new charter of M/V Ninos (ex- M/V Quingdao I) represents an improvement of $900 per day over the daily charter rate the vessel earned during a three year period charter that ended in March 2007. After a short charter during April 2007, M/V Ninos completed its intermediate survey and dry-docking; it is scheduled to commence the new charter on April 28, 2007.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Costa Concordia Captain's Sentence Upheld

The prison sentence against the former captain of the Costa Concordia cruise liner for his role in the deadly 2012 shipwreck was upheld on Tuesday by an Italian court.

Partners Target Improved Maritime Efficiency

On May 25, 2016, The University of the West Indies Arthur Lok Jack Graduate School of Business (UWI-ALJGSB) together with the Trinidad and Tobago Shipbuilding &

MSHS Group President Recognized for Safety Leadership

Signal Mutual Indemnity Association, a self-insured group provider of Longshore benefits, presented MSHS President Are Friesecke with the Francis R. Sharp Executive

Eye on the Navy

This Day In Naval History: May 31

1900 - Sailors and Marines from USS Newark (C 1) and USS Oregon (BB 3) arrive at Peking (now known as Beijing), China, to protect U.S. and foreign diplomatic legations during the Boxer Rebellion.

China to "Pressure" U.S. on Maritime Issues

China will "pressure" the United States on maritime issues at talks in Beijing next week because of Chinese concern about an increased U.S. military presence in the disputed South China Sea,

US Navy Updated Zika Virus Infection Guidance

Navy Medicine released updated Zika Virus Infection guidance in NAVADMIN 121/16, May 26, communicating current information, travel precautions, and risk reduction

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0807 sec (12 req/sec)