Euroseas
Encyclopedia
Euroseas, Ltd. is shipping company that was founded about a century ago and became public in 2005. The company is based in Maroussi, Greece
.
that transport iron ore, coal, and grains, as well as bauxite
, phosphate
, 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 .
in Greece
in 1837. The first vessel he owned was Ypapanti, a 700 ton wooden, sail vessel that was built in Chios
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.
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
in 1878. A few other ships followed. Some were entrusted initially to brothers of N. F. Pittas and subsequent purchases to his sons.
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
.
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 carriersBulk carrier
A bulk carrier, bulk freighter, or bulker is a merchant ship specially designed to transport unpackaged bulk cargo, such as grains, coal, ore, and cement in its cargo holds. Since the first specialized bulk carrier was built in 1852, economic forces have fueled the development of these ships,...
that transport iron ore, coal, and grains, as well as bauxite
Bauxite
Bauxite is an aluminium ore and is the main source of aluminium. This form of rock consists mostly of the minerals gibbsite Al3, boehmite γ-AlO, and diaspore α-AlO, in a mixture with the two iron oxides goethite and hematite, the clay mineral kaolinite, and small amounts of anatase TiO2...
, phosphate
Phosphate
A phosphate, an inorganic chemical, is a salt of phosphoric acid. In organic chemistry, a phosphate, or organophosphate, is an ester of phosphoric acid. Organic phosphates are important in biochemistry and biogeochemistry or ecology. Inorganic phosphates are mined to obtain phosphorus for use in...
, 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 ChiosChios
Chios is the fifth largest of the Greek islands, situated in the Aegean Sea, seven kilometres off the Asia Minor coast. The island is separated from Turkey by the Chios Strait. The island is noted for its strong merchant shipping community, its unique mastic gum and its medieval villages...
in Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
in 1837. The first vessel he owned was Ypapanti, a 700 ton wooden, sail vessel that was built in Chios
Chios
Chios is the fifth largest of the Greek islands, situated in the Aegean Sea, seven kilometres off the Asia Minor coast. The island is separated from Turkey by the Chios Strait. The island is noted for its strong merchant shipping community, its unique mastic gum and its medieval villages...
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.
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
Chios is the fifth largest of the Greek islands, situated in the Aegean Sea, seven kilometres off the Asia Minor coast. The island is separated from Turkey by the Chios Strait. The island is noted for its strong merchant shipping community, its unique mastic gum and its medieval villages...
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