Euroseas , an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced  it has successfully completed the installation of a number of “energy saving devices” on its 6,350 teu intermediate containership, M/V Marcos V, aiming to improve her consumption in the commercial speed range by about 25%. The investment was done in conjunction with the vessel’s scheduled dry docking and special survey and was funded by the charterer of the vessel, who contemporaneously declared their option to extend the charter by an additional minimum seven months to August 2025. In case the vessel is employed after the current charter period, the owners will refund part of the cost to the charterer, up to a maximum of 50%.

The following devices were installed on the ship:

1. (a)  New bulbous bow
2. (b)  A new and lighter propeller
3. (c)  Hub vortex absorbed fins (HVAF)
4. (d)  Pre-shrouded vanes (PSV)
5. (e)  Silicone coating of the ship’s underwater parts
6. (f)  LED lights
7. (g)  Auto pilot upgrade with advanced ecology control
8. (h)  Jacket pre-heater auto control

Aristides Pittas, Chairman and CEO of Euroseas commented: “We are pleased to announce the completion of retrofits for our M/V Marcos V, continuing our retrofitting program, as part of our efforts to minimize the carbon footprint of our fleet. As in the case of the recent retrofit of M/V Synergy Busan, we cooperated closely with the charterer to specify and fund the modifications of the vessel and share the economic benefit from the improved performance.”