US-listed shipowner and operator Euroseas sold 1998 built handymax dry bulk carrier 46K DWT MV Monica P for $6.45 million for further trading. MV Monica P was the oldest ship in the fleet of Aristides Pittas-led shipowner and operator Euroseas. MV Monica P will be replaced by kamsarmax newbuilding MV Ekaterini in May 218. Euroseas has a mixed fleet of 11 container ships and 6 dry bulk carriers.
Nasdaq-listed Greek shipowner and operator Euroseas bought delayed 82K kamsarmax dry bulk carrier from Chinese shipyard Jiangsu Yangzijiang Shipbuilding Co at 10% reduced price for $22.5 million. Euroseas led by Aristides Pittas found this investment very attractive and instead of terminating the contract Euroseas proceed with the new building of sistership kamsarmax 2016 built M/V Xenia. Nasdaq-listed Greek shipowner and operator Euroseas posted a $17.6 million loss in Q4 2016 and has been active in the sale & purchase (S&P) lately.