Euroseas Ltd (ESEA) has released an update.
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Euroseas Ltd. has successfully secured a one-year time charter for its containership M/V Synergy Antwerp, which has just completed significant energy-efficient retrofits. The vessel, now enhanced with various energy saving devices, is expected to cut its CO2 emissions by approximately 25%, saving around 9,800 metric tons of CO2 annually. This strategic move is anticipated to generate roughly $6.5 million of EBITDA during the contract period, reflecting the company’s commitment to modernizing its fleet and reducing its carbon footprint.
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