Euroseas will target boxship purchases this year, despite predicting that the container market will remain at "very low levels".

The Greece-based owner and operator of dry bulk and container vessels said in its full-year 2009 results statement that it would "continue to look at the containership markets as a great opportunity to invest in more modern vessels at historically low prices".

A joint-venture with private investment firms Eton Park and Rhone Capital had been delayed, but Euroseas predicted it would be finalised this quarter, allowing the company to "exploit the opportunities we currently see arising on a bigger scale".