Greek owner Euroseas has re-fixed one of its large feeder container ships at a massively improved rate over three years.

The Nasdaq-listed company said the 2,788-teu EM Astoria (built 2004) has been fixed for between 36 and 38 months at $65,000 per day over the first year.

This will fall to $50,000 per day in the second 12 months and $20,000 per day for the rest of the term.