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Euroseas takes delivery vessel

Euroseas takes delivery vessel
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced yesterday that it has taken delivery.

Euroseas Ltd. Takes Delivery of Its 16th Vessel

Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced yesterday that it has taken delivery of the M/V Maersk Noumea, an intermediate container ship of 34,677 dwt and 2,556 twenty foot equivalent units (teu) built in 2001 in South Korea.

As previously disclosed, the vessel was acquired for $43.5 million and comes with a period charter attached with a major container liner company at $16,800 per day until August 2011 with charterer's options to extend the charter for three additional years at $18,735, $19,240 and $19,750 per day, respectively.

Approximately 100% of Euroseas total containership fleet days in 2008 and about 47% for 2009 are fixed under period charters. Overall, including the Company's dry bulk fleet, about 92% of the total fleet days in 2008 and about 34% in 2009 are covered under period charters, already concluded spot charters, or, otherwise protected from market fluctuations.

www.TurkishMaritime.Com.tr

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