Euroseas Ltd. (ESEA) announced that it sold for scrap one of the oldest container vessels in its fleet, the M/V Jonathan P, a 1,932 teu gearless containership built in 1990. The Company said that it will take a book loss of approximately $8.8 million as a result the sale. The vessel has been delivered to her new owners.
Furthermore, the Company announced that one of its subsidiaries has extended the time charter agreement of M/V Tasman Trader, a 22,568 dwt and 950 teu 1990 built multipurpose vessel, for about one-year period at a gross daily rate of $8,600. The new charter commenced on March 17, 2012. Further to its charter extension, the vessel has been renamed M/V Anking.
The company also announced that its joint venture, Euromar LLC, signed a memorandum of agreement to purchase the M/V MOL Volta, a geared containership of 28,917 dwt. The vessel, to be renamed EM Ithaki, is expected to be delivered not later than May 20, 2012.
For comments and feedback: editorial@rttnews.com