Euroseas buying two containerships
The Greek shipping company Euroseas Ltd., whose shares are listed on NASDAQ, said it has entered into an agreement to purchase two handysize containerships.
The Honor River and Beauty River each have a capacity of 1,932 TEUs. The vessels are sister ships built in 1990 in South Korea and are similar in terms of capacity to the Artemis, another ship in its fleet.
Euroseas said it will pay $18.7 million for each ship, which are expected to be delivered to Euroseas in August and September.
After the acquisition the Euroseas fleet will comprise 13 ships, eight containerships, 4 dry bulk vessels and one multipurpose dry cargo vessel.
Euroseas buying two containerships
