Euroseas takes delivery of Eco 2,800 TEU feeder ship


Greek shipping company, Euroseas, has announced it has taken delivery of M/V GREGOS, an Eco 2,800 TEU feeder containership from Hyundai Mipo Dockyard Co., South Korea.

The vessel is EEDI Phase 3 compliant and equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power).

The acquisition was financed with a combination of its own company funds and a sustainability-linked loan provided by Eurobank S.A.

Following its delivery, M/V GREGOS commenced a 36-to-40-month charter with Asyad Lines.

READ: Euroseas, CSL in charter repudiation legal struggle

Aristides Pittas, Chairman and CEO of Euroseas, said: “We are very pleased to have taken delivery of M/V GREGOS, the first vessel from our nine-vessel newbuilding programme which includes five additional 2,800 TEU and three 1,800 TEU units all modern fuel efficient, eco-design vessels with Tier III engines.

“Following the containership market’s rebound during 2021 and 2022, our overall strategy has been to grow the company in a manner that creates value for our shareholders and adheres to our ESG commitment of having a more environmentally friendly fleet.

“In that respect, it is noteworthy that M/V GREGOS and the rest of our newbuildings are 40 per cent more efficient than the previous generation of similar size non-eco ships.”

In May 2022, Euroseas announced it has agreed to acquire two intermediate sized container vessels for a combined price of $37 million.

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