First Citizens Bank’s maritime finance business provided $26 million in financing to Euroseas, enabling the container shipping company to add a newly built 2,800 TEU Eco containership to its fleet.

“As demand continues to rise, we are expanding our fleet to keep pace with market growth while maintaining a strong focus on sustainability,” Anastasios Aslidis, chief financial officer of Euroseas, said. “By investing in modern, eco-efficient vessels, we reaffirm our commitment to reducing emissions in the shipping industry and delivering lasting value to our shareholders. We appreciated the expertise and responsiveness of the First Citizens Maritime Finance team in arranging the financing for this important fleet addition.”

“Euroseas has built a strong reputation as a global leader in operating high-quality container vessels,” Evan Cohen, managing director and group head of maritime finance at First Citizens Bank, said. “We are honored to support Euroseas with financial solutions that support their continued growth and industry leadership.”