Euroseas has sold its oldest, smallest containership for scrap at higher-than-market value.
The Aristides Pittas-led boxship owner signed an agreement to offload the 1,169-teu Ninos (built 1990) for $2.46m, leaving it with 15 vessels in its fleet.
The ship's demolition value is $1.98m, according to VesselsValue.
The deal is expected to be finalised before the end of this month, the New York-listed company said.
