Greek brokers indicated this week that the US-listed company has contracted Nantong CIMC Sinopacific Offshore & Engineering Co Ltd (CIMC SOE) for a pair of 1,800-TEU vessels, with deliveries expected in 2028.
Market sources indicate that the Greek owner is actively pursuing newbuilding opportunities but has yet to formally sign the contract.
CIMC SOE was also selected by John Coustas-led Danaos Corp for a series of similarly specified 1,800-TEU vessels at the end of 2025.
Euroseas has been among the most active container vessel owners in the newbuilding market in recent years. In March, the company placed an order for 2,800-TEU high-reefer container ships at Huanghai Shipbuilding, securing early delivery slots through August 2028.
The acquisition cost for each of these two vessels was approximately $46M.
The Greek owner has also been actively capitalising on the strong charter market, securing multi-year contracts for its fleet. According to a mid-April update, Euroseas has charter coverage of approximately 91% for 2026, 76% for 2027, and 44% for 2028.
The company currently operates a fleet of 21 vessels with a total capacity of 61,144 TEU, while its newbuilding programme includes six vessels totalling 23,532 TEU, with deliveries scheduled through Q3 2028.
Orders continue to grow
The feeder newbuilding market continues to attract firm interest. Data from Xclusiv Shipbrokers shows that, as of early April, 63 vessels had been added to the orderbook.
Greek owners remain particularly active. Last week, traditional bulk carrier owner M/Maritime announced a contract in Korea for two 2,800-TEU vessels, while a month earlier, Cosmoship Management was linked to a substantial 1,800-TEU order in China.
Interest has also extended to larger vessel sizes, with Danaos remaining active and Costamare notably linked to a 12-vessel contract in China.
Clarksons’ data indicates that in Q1 2026, 159 container vessels, equivalent to 0.9M TEU, were ordered. Orders for vessels below 8,000 TEU remained broadly in line with 2025’s record pace, while contracting activity for larger vessels eased, though it remained 22% above the 10-year average.