Euroseas finalises retrofits for 4,250 TEU boxship

Euroseas finalises retrofits of 4,250 TEU boxship

Euroseas Ltd. has announced a time charter contract for its 4,250 TEU intermediate containership, M/V Synergy Antwerp.

According to Euroseas, the contract is for a minimum of 11.5 months and a maximum of 14 months, at the charterer’s discretion, with a gross daily cost of $26,500.

The charter began on 2 April, after the vessel successfully finished its planned drydock and special survey, as well as necessary retrofits such as the installation of a number of ‘energy saving devices’.

The latter are predicted to increase the containership’s consumption in the commercial speed range by around 25 per cent. On that basis, Euroseas noted that the vessel is set to release approximately 9,800 metric tonnes less CO2 per year.

The ship was reportedly outfitted with the following devices: new bulbous bow, a new and lighter propeller, hub vortex absorbed fins (HVAF), pre-shrouded vanes (PSV), silicone coating of the ship’s underwater parts, LED lights, auto pilot upgrade with advanced ecology control, and jacket pre-heater auto control.

READ: Euroseas announces charter contract for 2,800 TEU feeder

Aristides Pittas, Chairman and CEO of Euroseas, said: “We are pleased to announce that M/V Synergy Antwerp was chartered for about a year to a top-tier charterer at a very profitable rate of $26,500/day, following the completion of its drydock and retrofits.

“The charter rate represents a strong increase compared to last done, indicating charterer’s interest in more modern, energy efficient vessels; it is expected to contribute about $6.5 million of EBITDA over the minimum contracted period and increases our 2024 charter coverage to about 80 per cent.

“This is the third vessel from our fleet undergoing retrofits as part of our ongoing efforts to modernise our fleet and reduce our carbon footprint.”

In March, Euroseas announced that it has successfully completed the installation of a variety of ‘energy saving devices’ on its 6,350 TEU intermediate containership, M/V Marcos V.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.