Greece’s Euroseas has fixed a veteran feeder ship in what boss Aristides Pittas says is a strong demand environment.

But the US-listed owner has taken a big pay cut on the rate compared with its current deal.

The 1,732-teu Jonathan P (built 2006) will earn $20,000 per day for 11 to 13 months, down from $27,000 per day until this month.