The Nasdaq-listedoperator used its fourth-quarter earnings report to unveil the revelation butoffered few details.

The company,which said the deal was sealed earlier this week, indicated the unit was builtby a Japanese shipyard in 2004 but failed to elaborate further.

Thedevelopment may not come as a surprise since Euroseas has been linked to anumber of rumoured transactions involving panamaxes over the past severalmonths.

While