Nasdaq-listed Greek boxship owner Euroseas has penned a time charter contract for one of its feeder containerships. Euroseas won a charter for the 1,732 teu Jonathan P for a minimum period of 11 to a maximum period of 13 months at the charterer’s discretion, at a gross daily rate of $20,000. The new charter for the 2006-built vessel will begin after the completion of her scheduled intermediate survey, expected between mid-to-end of October 2024. According to the company, the charter is expected to contribute about $4.0m of EBITDA for the minimum contracted period and increase the Greek firm’s remaining 2024 charter coverage to about 96%. It also increases charter coverage for 2025 to about 52%. “This fixture is a testament to the constant need for feeder ships, despite declining container freight rates. It also validates the component of our investment strategy of acquiring vessels with minimal or no residual value risk at the expiration of their initial charter, as was the case with Jonathan P,” said Aristides Pittas, chairman and CEO of Euroseas. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsGreece