Cove Apparel shake hands with Euroseas Shipping Company
30 Sep '05
4 min read
Euroseas' five drybulk carrier vessels have total cargo capacity of 190,904 deadweight tons (dwt) and its containerships have cargo capacity of 2,538 twenty-foot equivalent units (teu). Euroseas employs its vessels in the time charter market and through pool arrangements for greater visibility and earnings predictability.
Presently, six of its vessels are employed under time charters, and one vessel is employed in the Baumarine pool that is managed by Klaveness, a major global charterer in the dry bulk area. Euroseas currently has about 80% of its 2005 operating days fixed on time charters, and about 45% of its 2006 operating days are already fixed on time charters and pool employment as well. Euroseas is managed by Aristides J. Pittas, its Chairman and CEO.
Pittas has 20 years of experience in senior roles within the shipping industry and was formerly Managing Director and Chairman of Eurobulk, and will remain as its Chairman. Anastasios (Tasos) Aslidis, Ph D, will become Chief Financial Officer of Euroseas, and has over 17 years of experience in the shipping industry and was most recently a partner with Marsoft, an international consulting firm focusing on investment and risk management in the maritime industry.
Management of Eurobulk will consist of seasoned persons that have over 100 years combined experience in the shipping business and vessel management. Euroseas will also have a Board of Directors which will be comprised of individuals with senior experience in shipping and related business areas.
marketing@alchempro.com
