Euroseas Ltd. Secures Charter and Financing for New Ships
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Euroseas Ltd. Secures Charter and Financing for New Ships

Euroseas Ltd (ESEA) has released an update.

Euroseas Ltd. has announced a new time charter contract for its eco-friendly 1,800 teu feeder container ship, the M/V Monica, set to commence mid-May 2024, with a daily rate of $16,000. The company secured financing through a $22.5 million loan from the National Bank of Fujairah, which also covers the sister ship M/V Stefania K, expected in mid-June. This strategic move bolsters Euroseas Ltd.’s position in the market, enhancing its fleet and financial partnerships.

For further insights into ESEA stock, check out TipRanks’ Stock Analysis page.

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