US-listed containership owner Euroseas has emerged victorious from a dispute over the failed sale of a 25-year-old boxship last year.
According to sources close to the matter, the Aristides Pittas-controlled company is boosting its coffers with a $1.2m cash injection.
This amount had been held in escrow in a dispute with Compass Shipping & Trading — an affiliate of cash buyer Mideast Shipping & Trading Ltd.
