Euroseas (ESEA) said Tuesday it has received a new time charter contract for its 4,250 20-foot container capable intermediate ship, M/V Rena P, for 35 to 37 months at a daily rate of $35,500, in a continuation of its present charter set to begin on Aug. 21.
The company also said it has completed a spin-off of three of its subsidiaries containing its two older vessels, M/V Aegean Express and M/V Joanna, along with the proceeds from an earlier sale of the vessel M/V Diamantis P, into EuroHoldings (EHLD), which began operating Tuesday as an independent Nasdaq-listed company.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.