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YZJ SHIP ORDERS WON WORTH US$120M FROM EUROSEAS OF 2X4300TEU

YTD: 116 Ship Orders won. Total value estimated US$20B.
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Aristides Pittas is chief executive of Euroseas.Photo: Marine Money

Euroseas orders container ships in China as earnings blow past Wall Street bets

Net income drops, but not as far as analysts expected

20 November 2024 22:43 GMT Updated  20 November 2024 22:43 GMT

 

 in    Miami 

Euroseas said it ordered two container ships in China as the New York-listed company reported earnings that beat all bets on Wall Street.
The Athens-based shipowner said it struck a deal with Jiangsu Yangzi Xinfu Shipbuilding for the newbuildings, which will be delivered in the fourth quarter of 2027.
Star Bulk cranks up profit and scores $130m debt deal
Euroseas will pay the yard, part of Yangzijiang Shipbuilding, $60m for each of the 4,300-teu vessels, which it described as fuel efficient.
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