Euroseas Ltd. announced a new charter of its container vessel M/V EM Astoria. M/V EM Astoria, a 2,788 TEU vessel built in 2004, entered into a new time charter contract for a period of between a minimum of thirty-six and a maximum of thirty-eight months at the option of the charterer, at a daily rate of $65,000 for the first twelve months, followed by a daily rate of $50,000 for the subsequent twelve months and followed by a daily rate of $20,000 for the remaining twelve to fourteen month period of the charter resulting in an average daily rate of about $45,000 for the duration of the charter. The new charter will commence in February 2022 after the completion of the present charter of the vessel.
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- Euroseas Ltd. Announces New Charter for Its 2,788 teu, 2004-Built Vessel, M/V EM Astoria