Euroseas has acquired an intermediate containership from Japan's Tokei Kaiun for $40m, taking its fleet in this size range to six vessels.

The New York-listed shipowner, which also has 10 feeder boxships, with two more on order for 2023 delivery, said it has bought the 6,350-teu Leo Paramount (built 2005).

Euroseas said it will pay for the ship, which is expected to be delivered this year and renamed Marcos V, with its own money and a bank loan.