Euroseas clinches 3-year charter extension for boxship, Spin-off EuroHoldings

Greece’s Euroseas boxship owner, listed on Nasdaq stock market, led by Aristides Pittas has sealed a new time charter deal for its 4,250 teu intermediate containership, Rena P for a minimum period of 35 to a maximum period of 37 months, at the option of the charterer, at a gross daily rate of $35,500, in direct continuation of its present charter.

The new charter period is expected to begin on August 21.

The company also announced that it has completed the spin-off of three of its subsidiaries containing its two older vessels, Aegean Express and Joanna, along with the proceeds from the earlier sale of the vessel Diamantis P, into EuroHoldings Ltd.

According to the shipowner, from March 18 EuroHoldings Ltd. operates as an independent company.

Aristides Pittas, chairman and CEO of Euroseas, said: “We are very pleased to announce that we have extended the time charter contract for our intermediate containership, M/V Rena P, with a top-tier charterer, in direct continuation of its present charter, for 35-37 months at a profitable rate of $35,500.

“This fixture, which is similar in terms of length