Euroseas Announces It Has Signed Contracts For The Construction Of Two New 4,300 TEU Fuel-efficient Container Vessels. Ships Are Scheduled For Delivery In March And May 2028. Each Vessel Will Cost ~$59.25M

Author: Benzinga Newsdesk | August 25, 2025 09:07am

Euroseas Ltd. (NASDAQ:ESEA, the "Company" or "Euroseas"))), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it has signed a contract for the construction of two additional modern fuel-efficient 4,300 teu container vessels to be built at Jiangsu New Yangzi Shipbuilding CO., in China. The vessels are scheduled to be delivered in March and May of 2028. The total consideration for each of these two newbuilding contracts is approximately $59.25 million and will be financed with a combination of debt and equity.

Posted In: ESEA