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Euroseas (NASDAQ:ESEA) on Monday introduced it entered right into a time constitution contract for M/V Stephania Okay, a 1,800 TEU feeder containership at the moment underneath building, for a minimal interval of 23 to a most interval of 25 months on the possibility of the charterer, at a gross each day price of $22,000. The brand new constitution will start upon supply of the vessel from the shipyard, anticipated to happen on June 28. The acquisition was financed with a mixture of its personal funds and a US$22.5 million mortgage offered by the Nationwide Financial institution of Fujairah. Supply: Press Launch
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