SIMIC

NASDAQ-LISTED Greek boxship owner Euroseas has sold the 2001-built post-panamax Akinada Bridge for US$14.2 million with market sources indicating that it is heading for demolition.
The firm said the 5,610 TEU vessel should deliver in January next year. It has been in drydock since October 2022 after coming off a $20,000 per day charter with Israeli carrier Zim, according to media reports.
After the sale, the Aristides Pittas-led Euroseas will have a fleet of 17 vessels and nine feeder boxships on order, expected to be completed between the first quarter of 2023 and the fourth quarter of 2024. On a fully delivered basis of its vessels under construction, the company's fleet will increase to twenty-six containerships with a cargo capacity of about 75,461 TEU.
Although the buyer has not been disclosed, several brokers reported the 21-year-old ship as having been sold for scrap in Pakistan. Scrapping prices for feeder and intermediate boxships have fallen since a year ago, according to VesselsValue.