Euroseas (ESEA) announced a new time charter contract for its 2006-built 1,740 teu feeder containership, M/V Jonathan P, for a minimum period of 11 to a maximum period of 12 months, at the option of the charterer, at a gross daily rate of $25,000, in direct continuation of its current charter representing a $5,000 per day increase over the vessel’s current rate. The new charter period will commence on November 17, 2025 and is expected to contribute about $5.65M of EBITDA over the minimum contracted period; the charter will increase charter coverage of the Company’s fleet to 100% in the remainder of 2025 and about 70% in 2026.
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