Container shipping company Euroseas (ESEA) announced an interesting move today. With a majority of its newbuild orders delivered in 2023-2024, the company has announced plans to spin-off its three oldest vessels into a separate entity.
More details to follow next week.
[Edit: The move has been pretty common among Greek ship owning entities/families - Seanergy (SHIP), Diana (DSX), Stealth (GASS) come to mind. But, this appears to be the first container vessel co spin-off]