Euroseas sees brighter 2019 ahead for feeder boxships
Spin-off of its dry bulk division in May made Euroseas a ‘pure play’ containership vehicle and the only US-listed company focused on smaller boxships. That is a good thing, according to chief executive Aristides Pittas, who told a second-quarter earnings call that the feeder sector offers better fundamentals than for bigger containerships
Only US-listed company specialising in feeders posts second-quarter profit, despite lengthy propeller damage to second-largest vessel