News / Euroseas exercises option to expand its fleet of eco-feeder vessels

Containership owners are hunting down the any remaining capacity at Asian shipyards, with newbuild prices still offering sizeable discounts on secondhand values.

Athens-based containership owner Euroseas said it had exercised its option for the construction of two more 2,800 teu vessels from the South Korean Hyundai Mipo Dockyard, to extend its orderbook to six 2,800 teu and three 1,800 teu feeder ships.

The Nasdaq-listed shipowner will pay approximately $43m each for the fuel-efficient vessels, which are scheduled to be delivered in the ...