Euroseas (ESEA) has released an update.
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Euroseas Ltd. has secured an 18-month charter for its feeder containership EM Spetses at a daily rate of $18,100, set to commence in early August 2024. The deal, which could potentially extend to 20 months, is expected to contribute approximately $5.5 million in EBITDA and bolster the company’s charter coverage for 2024 to 94% and for 2025 to about 44%.
For further insights into ESEA stock, check out TipRanks’ Stock Analysis page.