Euroseas to acquire feeder ship quartet

Athens-based Euroseas has signed memoranda of agreement to acquire four feeder containerships for a consideration that includes a cash payment of US$15 million and issuance of approximately 22.5 million shares of common stock to the sellers.

US federal court indicts ship management firm, vessel owner, and chief engineer for falsifying pollution records

A federal grand jury in Wilmington, Delaware, has returned a six-count indictment charging Chartworld Shipping Corporation, Nederland Shipping Corporation, and Chief Engineer Vasileios Mazarakis with failing to keep accurate pollution control records, falsifying records, obstruction of justice, and witness tampering, the US Depart of Justice (DoJ) said in a recent statement.

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