Reports Q1 revenue $56.3M vs $46.7M last year. Aristides Pittas, Chairman and CEO of Euroseas (ESEA) commented: “During the first quarter of 2025, the containership markets showed further strength, with both smaller and larger feeder segments seeing notable rate increases. This positive momentum has continued into the second quarter, with particularly strong gains in the smaller feeder segment. Market strength is also reflected in the secondhand S&P market, where demand for existing tonnage remains firm despite the continued delivery of newbuilds. Reflecting this dynamic, we successfully finalized the sale of one of our intermediate vessels, the M/V Marcos V, to an unaffiliated third party. The market strength is further reflected in our chartering activity resulting in almost 100% charter coverage for 2025 and in excess of 65% for 2026.”
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Read More on ESEA:
- Euroseas Secures High-Value Contracts and Vessel Sale, Supporting Strong Buy Rating and $57 Price Target
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- Euroseas Ltd. to Sell Containership M/V Marcos V for $50 Million
- Euroseas to sell M/V Marcos V for $50M
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