Euroseas seeks more tonnage after US$73 million share sale ends
Euroseas Ltd has closed its five million share sale from which it raised US$73 million with which it plans to buy more containerships and dry bulkers.
Following the scheduled delivery of the Honor River and Beauty River in August and September respectively, the company will have a fleet of 13 vessels. NASDAQ-listed Euroseas' eight containerships have a capacity of 13,093 TEU, its one multipurpose vessel has a capacity of 950 TEU, and its four dry bulk carriers have a total capacity of 212,443 dead weight tonnes.
Euroseas was formed in May 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business for 136 years.
Euroseas' is managed by Eurobulk Ltd., an ISO 9001:2000 certified affiliated ship management company, responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements.
Following the scheduled delivery of the Honor River and Beauty River in August and September respectively, the company will have a fleet of 13 vessels. NASDAQ-listed Euroseas' eight containerships have a capacity of 13,093 TEU, its one multipurpose vessel has a capacity of 950 TEU, and its four dry bulk carriers have a total capacity of 212,443 dead weight tonnes.
Euroseas was formed in May 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business for 136 years.
Euroseas' is managed by Eurobulk Ltd., an ISO 9001:2000 certified affiliated ship management company, responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements.