We are pleased to announce the time charter contract for our newbuilding fuel efficient feeder containership, M/V Pepi Star for a minimum period of 23 to a maximum period of 25 months, at a gross daily rate of $24,250.
Aristeidis Pittas Chairman & CEO of Euroseas commented: "...This rate represents a 10% increase compared to our fixture of its sister vessel, M/V Stephania K, at $22,000 just a week ago, a clear indication of the continuously strengthening rates of the containership charter market during the last months. The present charter is expected to contribute about $12.3 million of EBITDA for the minimum contracted period; it increases our remaining 2024 charter coverage to 91%.” The charter will commence upon delivery of the vessel from the shipyard expected to take place on or about July 19, 2024.
M/V Pepi Star is the seventh newbuilding vessel in a series of nine, and the last of our three 1,800 TEU units. The acquisition was financed with a combination of debt and equity.
#shipping #maritime #eco #feeder #containers #newbuilding #chartering #ESG #ESEA #nasdaq #PepiStar
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Director Quality Operations at FIMER INDIA PRIVATE LIMITED
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