Euroseas has decided to go forward with the construction of a previously delayed kamsarmax, in the wake of an apparent recovery in the dry bulk market.
The Nasdaq-listed company will pay Jiangsu Yangzijiang Shipbuilding Co another $22.5m for the 82,000-dwt newbuilding, a reduction of more than 10%.
Euroseas will take delivery of the ship by June 2018. It initially placed the order for the vessel in 2014.
Aristides
