Euroseas (ESEA) has released an update.
Euroseas Ltd., a prominent container ship operator, has reported a robust first-quarter performance in 2024, with total net revenues of $46.7 million and a net income of $20.0 million. The company saw an increase in its fleet size to an average of 19.6 vessels, yielding a higher time charter equivalent rate. Additionally, Euroseas has declared a quarterly dividend of $0.60 per share, demonstrating its commitment to shareholder returns amidst a recovering container ship market.
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