Greek shipping company, Euroseas, has announced it is pursuing legal action against Singapore-based, Continental Shipping Line (CSL).
Euroseas alleges that CSL, the 1,069 TEU AEGEAN EXPRESS charterer, repudiated (rejected) its charter in January 2023.
In its financial report for 2022, Euroseas stated: “Continental Shipping Line, Singapore (CSL), the charterers of M/V AEGEAN EXPRESS, in January 2023 repudiated its charter as the vessel was completing its scheduled drydock.”
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During the year 2022, Euroseas reported total revenues of $182.7 million and net income of $106.2 million.
Since 15 February this year, Euroseas fleet includes 17 container vessels with an overall capacity of 53,261 TEU. The company has another nine boxships under construction.