IN an effort to appease investors who are seeking pure play companies, Euroseas may separate its container and dry bulk fleets.
Speaking at a Marine Money forum in London, Euroseas chief administrative officer Symeon Pariaros said: "I think that diversified company with exposure in more than one sector is a more sustainable way to grow." Yet, since becoming a public company, it seems investors "don't really like that", he added.
"Investors want to place their bets on the sector, not on the company. When our size permits we may look to separate our fleets," he said.
The shipping company has a fleet of five dry bulk vessels, with four more scheduled for delivery this year and next, as well as 10 containerships ranging in size from 1,169 TEU to 2,556 TEU, reported Seatrade Global from Colchester.
WORLD SHIPPING
04 February 2015 - 22:56
Euroseas considers splitting containers from dry bulk fleet
IN an effort to appease investors who are seeking pure play companies, Euroseas may separate its container and dry bulk fleets.
WORLD SHIPPING
04 February 2015 - 22:56
Euroseas considers splitting containers from dry bulk fleet
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