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Euroseas ( (ESEA) ) has shared an announcement.
Euroseas Ltd. announced on February 11, 2025, the extension of a 2-year charter contract for its feeder containership, M/V EM Hydra. The new contract, starting May 1, 2025, offers a daily rate of $19,000 and is expected to generate approximately $7.3 million in EBITDA over the minimum contracted period. This contract extension is significant as it enhances Euroseas’ charter coverage to around 85% for 2025 and approximately 50% for 2026, amidst a resilient charter market for feeder containerships.
More about Euroseas
Euroseas Ltd. is a company that owns and operates container carrier vessels, providing seaborne transportation for containerized cargoes. The company is based in Maroussi, Greece, and is involved in the shipping industry with a focus on feeder containerships.
YTD Price Performance: -9.85%
Average Trading Volume: 44,679
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $230.4M
See more data about ESEA stock on TipRanks’ Stock Analysis page.
