Nasdaq-listed Euroseas has stretched its term charter cover for three boxships at decade-high rates as chief executive Aristides Pittas built his stake in the company.

Deals for the trio show how strongly rates have risen in the containership sector as demand rebounds following earlier pandemic lockdowns.

The 2,556-teu Evridiki G (built 2001) was fixed for between 12 and 13 months at a daily rate of $15,500, starting this month.