A Greek shipowner secured a daily fare of $ 130,000

By George George

Greek shipowners with fleet containerships provide charters with high prices and long duration for the ships of their fleets.

The last example is the Euroseas of Aristides Pitta. As recently announced, it has secured a charter for the “Synergy Oakland” (capacity 4,253 TEUs and built in 2009) with a duration of between two and three months, which will start between 5-25 January, when the ship is delivered by the current charterer. The deal closed at $ 130,000 a day.

At the same time, the company points out that immediately after the completion of this agreement, the ship will be chartered for a period of 48-51 months to another charterer, for $ 42,000 per day. The start of this charter is scheduled for April 15 at the latest.

It is recalled that “Synergy Oakland” is currently on a trip for a period of 2-3 months, with a fare of $ 202,000 per day.

As a result of the new agreements, the steamer will generate an EBITDA of approximately $ 11.5 million during the first quarter of 2022 and approximately $ 12 million per year for the next four years.

“Both the price and the duration of the charters are indicative of the strength and recovery of the market from the mild correction recorded last month. We expect to continue to be able to take advantage of current market levels, as there are four more “ships of the fleet, which will be available for charter in the next four months and two in 2022” commented the president and CEO of Euroseas, Aristides Pittas.

“If the current market levels are maintained, the renewal of overdue charters will lead to a significant increase in our profitability and fleet coverage for the coming years, offering strong liquidity for further development of the company and rewarding our shareholders,” he concluded.

The listed company manages a total of 16 containerships.

New charter deals for container vessels closed in the previous days and other big names of the Greek shipping.

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