Maritime Finance News

Euroseas Secures Finances for Containership

First Citizens Bank's Maritime Finance business provided $26 million in financing to Euroseas Ltd., enabling the container shipping company to add a newly built 2,800 TEU ECOcontainership to its fleet.Euroseas (NASDAQ: ESEA) was formed in 2005. It owns and operates carrier vessels and provides seaborne transportation for containerized cargoes. The company owns a fleet of 24 vessels on the water, including 17 feeders and seven intermediate containerships, plus two new buildings on order…