Euroseas Enters Charter Contract For M/V Synergy Oakland Vessel

Euroseas Ltd. ESEA announced a new time charter contract for its container vessel M/V Synergy Oakland.
M/V Synergy Oakland, a 4,250 TEU vessel built in 2009, entered into a time charter contract for a period between a minimum of sixty days and a maximum of eighty-five days, at a gross daily rate of $202,000 or $195,000 depending on the delivery location.
The new rate will commence in the second half of October 2021, when the vessel is redelivered from its current charter.
This new charter secures a minimum of $12 million of contracted revenue over two months and, possibly, up to $17 million if the maximum period of the charter is chosen.
Price Action: ESEA shares are trading higher by 7.74% at $24.78 on the last check Wednesday.

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