Aristides Pittas-led Euroseas completed the sale of three containerships in July, despite one of them becoming caught up in an arbitration over scrapping.

The owner had lined up the scrap sale of the 1,452-teu Manolis P (built 1995), but the initial deal failed in a fight over coronavirus delays and travel restrictions.

It has also wrapped up the sales of the 2,503-teu EM Oinousses (built 2000) and the 883-teu Kuo Hsiung (built 1993).