Euroseas charters containership

Euroseas Ltd., an Athens-based owner and operator of dry bulk carriers, container ship and multipurpose vessels said it had entered into a time charter agreement for one of its containerships.

The Clan Gladiator, a 1,742-TEU, 1992-built handysize containership, has entered in a time charter agreement for minimum 16 to maximum 18 months at a gross daily rate of $18,500. The charter will commence after the conclusion of the present charter contract of the vessel.

Following this charter, 100 percent of Euroseas total containership fleet days in 2008, and about 47 percent for 2009, are fixed under period charters. Overall, including the company's dry bulk fleet, 85 percent of the total fleet days in 2008 and about 33 percent in 2009 are covered under period charters, already concluded spot charters, or otherwise protected from market fluctuations. 

Source: American Shipper