From the first post, I emphasize the same thing, let’s respect ourselves, our tradition, identity, culture, history… because only if we respect ourselves, others will respect us. Especially when we talk about tourism, because the very motive of travel is to get to know a new way and culture of living, which draws the logical hypothesis that authenticity is the very essence of tourism.Exactly one such great tourist story takes place in Kvarner, more precisely in Rijeka, as part of “Fiumare” – Kvarner Festival of the Sea and Maritime Tradition, which takes place from May 30 to June 6 in Rijeka. Connecting the maritime and trade tradition of the past with today’s everyday life, Fiumare will once again be a kind of time machine in the authentic locations of the Dead Channel and Verdi Street, and along the Promenade, traditional boats will occupy the entire Rijeka waters and port.The goals of the Fiumara event are the promotion of Rijeka and Kvarner through the presentation and valorization of heritage potentials in the field of maritime, fishing and traditional shipbuilding by organizing a number of attractive events, but also the presentation of Kvarner destinations with their specific eco-ethno products. In addition to preserving and revitalizing the maritime heritage, Fiumari aims to strengthen the potential of cultural tourism in Rijeka, but also to connect Rijeka as a natural and historical center of Kvarner with other destinations, which further valorizes all heritage potentials of the region.Wooden boats on sails anchored in the Dead Channel, traders and craftsmen in traditional costumes from all over Kvarner, interactive workshops of maritime and fishing skills, promotion of old customs, gastronomic offer of indigenous dishes and wines, organized tours of historical locations of the city center, regattas of traditional boats on sails, exhibitions, lectures, open deck days and museums… are just some of the programs offered by Fiumare. Download the Fiumare festival program HEREFiumare – Kvarner Festival of the Sea and Maritime Tradition is becoming a kind of time machine in the authentic locations of the Delta – Dead Channel and Verdi Street – a junction with the market and harbor.Opatija guc OP 552 from 1895 was declared the most original boat of the 7th Fiumare festival”Opatija guc” is a characteristic boat for transporting tourists at a time when oars and wind were used to drive boats. The purpose of this boat was exclusively tourist, so its restoration is very valuable as a reminder of the centuries-old tradition of “barkariola”. Opatija’s guc deserves a return to the regular tourist offer of the Opatija Riviera as a kind of “gondola” of the Riviera, in fact, it is insane that it is not long ago.
Greek ship owner and operator Euroseas has entered into agreements to acquire four secondhand 4,253 TEU containerships.As informed, the vessels will be bought from companies controlled by Synergy Holdings Limited for about USD 40 million.According to Euroseas, the acquisition will be financed by bank debt, existing funds of the company and USD 6 million raised in private placements. As a result of the private placements, the company will have issued approximately 8.45 million new common shares at a price of USD 0.71 per share representing about 19% of the Euroseas’ ownership after the acquisition.Built in South Korea, the ships in question are the 2009-built Synergy Busan, the 2008-built Synergy Antwerp, the 2009-built Synergy Oakland and the 2009-built Synergy Keelung. The company will also assume the charters the vessels are currently under.As part of the transaction, the company has agreed to acquire certain management services of Synergy Marine Limited for the next three years. Andreas Papathomas, Chairman of Synergy Holdings Limited, has joined the Board of Directors of Euroseas.Euroseas has also agreed to issue an additional USD 0.5 million in shares of its common stock to Synergy Holdings Limited if certain conditions are fulfilled in one year.One of the vessels was handed over to Euroseas on November 18 while the remaining three are expected to be delivered within a week subject to certain closing conditions being met.“Euroseas believes that the addition of the four vessels will add in excess of USD 5 million to the company’s EBITDA over the next twelve months and reduce the average age of its fleet by approximately 2 years,” the company said.Following the completion of the ship quartet acquisition, Euroseas’ fleet will reach 19 units which are all, except one, feeder and intermediate containerships. “We are very pleased to announce again today another transformative transaction for Euroseas following the four vessels we acquired in August 2019. This time, we have agreed to acquire four additional vessels of average age of about 11 years, not only expanding our fleet but also renewing it by reducing its average age by about 2 years,” Aristides Pittas, Chairman and CEO of Euroseas, commented.“This is a significant transaction for the company as it takes a meaningful presence in the Panamax markets. The transaction validates our strategy to become the only publicly listed platform to consolidate feeder and intermediate containerships.”“We remain optimistic about the prospects of the feeder and intermediate containership markets due to favorable supply developments provided that trade demand growth does not falter because of current trade uncertainties related to the US-China trade tensions,” he added.In parallel with the vessel acquisition, Euroseas announced that its 5,600 TEU Akinada Bridge, which has been drydocked in connection with its special survey, faced delays in completing the needed work resulting in the loss of the previously secured charter. The company has replaced the charter with another charter of similar rate and duration of three to five months which is expected to commence in early December 2019 when the remaining work on the vessel is expected to be completed.