Euroseas Ltd. (ESEA) Acquires Containership Through Joint Venture Company
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Euroseas Ltd. (NASDAQ: ESEA) announced that its joint venture company, Euromar LLC ("Euromar"), signed a memorandum of agreement to purchase the M/V TORGE S, a geared containership of 33,216 dwt and 2,450 twenty foot equivalent units (teu) built in 2003 in Japan. The vessel is expected to be delivered to Euromar in October 2011; it will be renamed EM ANDROS after its delivery.
With the acquisition of M/V TORGE S, Euromar will have purchased eight geared containerships with an average age of approximately 7.9 years.
With the acquisition of M/V TORGE S, Euromar will have purchased eight geared containerships with an average age of approximately 7.9 years.
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