Euroseas, Ltd. (
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
ESEA is shipping company that was founded about a century ago and became public in 2005. The company is based in
Maroussi,
Athens
Athens ( ; el, Αθήνα, Athína ; grc, Ἀθῆναι, Athênai (pl.) ) is both the capital and largest city of Greece. With a population close to four million, it is also the seventh largest city in the European Union. Athens dominates ...
,
Greece
Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders with ...
.
Profile
Euroseas operates in the dry cargo, drybulk, and container shipping markets worldwide and is also a provider of
seaborne transportation for dry bulk and containerized cargoes. It owns and operates
drybulk carriers that transport iron ore, coal, and grains, as well as
bauxite
Bauxite is a sedimentary rock with a relatively high aluminium content. It is the world's main source of aluminium and gallium. Bauxite consists mostly of the aluminium minerals gibbsite (Al(OH)3), boehmite (γ-AlO(OH)) and diaspore (α-AlO(O ...
,
phosphate
In chemistry, a phosphate is an anion, salt, functional group or ester derived from a phosphoric acid. It most commonly means orthophosphate, a derivative of orthophosphoric acid .
The phosphate or orthophosphate ion is derived from phospho ...
, and
fertilizers. The company also owns and operates container ships and multipurpose vessels that transport dry and refrigerated containerized cargoes, primarily manufactured products and perishables.
Euroseas employs its vessels on spot and period charters, as well as through pool arrangements. The Company has a fleet of 11 vessels, including 4 drybulk carriers, 6 container ships and 1 multipurpose dry cargo vessel, for fleet grand total of (). Euroseas' 4 drybulk carriers have a total cargo capacity of , its 6 container ships have a cargo capacity of () and its 1 multipurpose vessel has a cargo capacity of or .
History
Euroseas' roots go back four generations, prior to the existence of steam and diesel engines, when the company's ships were propelled by sails. Those days ships were maximum 1000 tons and cost about 3000 pounds sterling to build. According to company records, the first
Pittas Family shipowner was
Nikolaos F. Pittas. He was born on the island of
Chios
Chios (; el, Χίος, Chíos , traditionally known as Scio in English) is the fifth largest Greek island, situated in the northern Aegean Sea. The island is separated from Turkey by the Chios Strait. Chios is notable for its exports of mastic ...
in
Greece
Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders with ...
in 1837. The first vessel he owned was
Ypapanti, a 700-ton wooden, sail vessel that was built in
Chios
Chios (; el, Χίος, Chíos , traditionally known as Scio in English) is the fifth largest Greek island, situated in the northern Aegean Sea. The island is separated from Turkey by the Chios Strait. Chios is notable for its exports of mastic ...
in 1873. He became the captain of the ship and his younger brothers and other relatives and friends joined him as crew. The vessel traded in the Mediterranean and Black Sea and the Captain himself always found its next employment from the destination port. He was at all times the Commercial, Technical and Financial Manager of the vessel. No office ashore existed as communications were so poor that people at the home island in Chios often had no news of their whereabouts for months.
[History](_blank)
Euroseas corporate website.
Business was flourishing at the time and soon N. F. Pittas could afford the purchase of more ships. The next ships purchased were the "Sotiras", a 780-ton ship that was bought in 1876 and the barque "Chios" the first 1,000-ton ship which was built in
Chios
Chios (; el, Χίος, Chíos , traditionally known as Scio in English) is the fifth largest Greek island, situated in the northern Aegean Sea. The island is separated from Turkey by the Chios Strait. Chios is notable for its exports of mastic ...
in 1878. A few other ships followed. Some were entrusted initially to brothers of N. F. Pittas and subsequent purchases to his sons.
Key executives
*Mr Aristides J. Pittas — Chairman, Chief Exec. Officer and Press
*Dr Anastasios Aslidis — Chief Financial Officer, Principal Accounting Officer, Treasurer
See also
*
List of Greek Companies
References
External links
Euroseas website
{{Authority control
Shipping companies of Greece
Companies listed on the Nasdaq
Companies based in Athens
fr:Liste d'entreprises grecques
ro:Companii greceşti