Euroseas Stock Price, News & Analysis

Euroseas Ltd. (NASDAQ: ESEA) has announced the signing of contracts to construct two new 4,300 TEU fuel-efficient container vessels at Jiangsu New Yangzi Shipbuilding in China. The vessels, scheduled for delivery in March and May 2028, will cost approximately $59.25 million each and will be financed through a combination of debt and equity.

These vessels are sisterships to two previously ordered vessels in October 2024. The company currently operates a fleet of 22 container carriers with a total capacity of 67,494 TEU, and with these new orders, will have 4 vessels under construction totaling 17,200 TEU. The strategic investment focuses on eco intermediate-sized containerships, targeting a segment with a low orderbook and aging fleet.

Euroseas Ltd. (NASDAQ: ESEA), a container carrier vessel operator, reported strong financial results for Q2 2025. The company achieved total net revenues of $57.2 million and net income of $29.9 million ($4.32 EPS basic). The fleet of 22 vessels earned an average time charter rate of $29,420 per day.

Key highlights include an increased quarterly dividend of $0.70 per share, continued share repurchases totaling $10.5 million, and strong charter coverage of nearly 90% for the next twelve months. First half 2025 results showed total net revenues of $113.6 million and net income of $66.8 million ($9.63 EPS basic).

The company maintains a solid financial position with $229.4 million in debt against $112.7 million in cash as of June 30, 2025.

Euroseas (NASDAQ: ESEA), a container vessel operator and seaborne transportation provider, has scheduled its Q2 2025 financial results release for August 13, 2025, before the New York market opens.

The company will host a conference call and webcast on the same day at 9:00 a.m. Eastern Time. Participants can join via phone using US Toll-Free (877 405 1226) or International (+1 201 689 7823) numbers, or through the company's website. A slide presentation will be available in PDF format on www.euroseas.gr prior to the call.

Euroseas Ltd. (NASDAQ: ESEA), a container vessel operator and seaborne transportation provider, held its 2025 Annual General Meeting on July 23, 2025 in Washington, DC. Shareholders approved two key proposals: the re-election of George Taniskidis and Apostolos Tamvakakis as Class C Directors for a three-year term until 2028, and the appointment of Deloitte Certified Public Accountants, S.A. as the company's independent auditors for fiscal year 2025.

Euroseas Ltd. (NASDAQ: ESEA), a container vessel operator and seaborne transportation provider, has announced its upcoming Annual Meeting of Shareholders. The meeting is scheduled for July 23, 2025, at 11:00 a.m. and will be held at Seward & Kissel LLP's offices in Washington, DC.

Shareholders of record as of June 25, 2025 will be eligible to participate and vote at the meeting. The company has made its proxy materials, including the annual report on Form 20-F with audited financial statements for FY2024, available on its website. Shareholders can also request hard copies of these materials free of charge.

Euroseas Ltd. reported strong Q1 2025 financial results with total net revenues of $56.3M, up 20.6% YoY, and net income of $36.9M ($5.31 EPS). The company declared a $0.65 quarterly dividend payable July 16, 2025. Operating an average of 23.71 vessels during Q1, they achieved a time charter equivalent rate of $27,563 per day. Notable developments include completing the spin-off of three subsidiaries into Euroholdings Ltd., signing an agreement to sell M/V Marcos V for $50M with expected $8.5M gain, and continuing their share repurchase program with 463,074 shares bought for $10.5M. The company maintains strong charter coverage with almost 100% for 2025 and over 65% for 2026, while benefiting from favorable market conditions in the feeder and intermediate containership segments despite industry challenges.

Euroseas Ltd. (NASDAQ: ESEA), a container vessel operator and seaborne transportation provider, has scheduled the release of its Q1 2025 financial results for June 18, 2025, before the New York market opens. The company will host a conference call and webcast on the same day at 9:30 a.m. ET to discuss the results. Participants can join via US Toll-Free (877 405 1226) or International dial-in (+1 201 689 7823) using conference ID 13754421. A live webcast with accompanying slides will be available on the company's website, with participants advised to register 10 minutes before the start. The presentation will be accessible in PDF format on www.euroseas.gr under the Investor Relations section.

Euroseas Ltd. (NASDAQ: ESEA) has secured a new 36-38 month time charter contract for its 4,250 TEU containership M/V Emmanuel P at a daily rate of $38,000. The charter will commence in September 2025 after scheduled drydock and energy-saving device installations. This contract is expected to generate over $32.0 million in EBITDA during the minimum contracted period. The new charter enhances Euroseas' charter coverage to 97% for 2025, 67% for 2026, and 40% for 2027. The company's average contracted daily rates are set to increase to $28,700 for the remainder of 2025, over $31,000 in 2026, and exceeding $33,000 in 2027, providing strong visibility into future earnings.

Euroseas Ltd. (NASDAQ: ESEA) has announced the sale of its M/V Marcos V, a 6,350 TEU intermediate containership built in 2005, for $50 million. The vessel, which was acquired in Q4 2021 for $40 million, will be delivered to its new owners in October 2025. The company expects to recognize a significant gain of over $8.50 million, or $1.20 per share, from the sale. The vessel has been operating under a time charter contract at $42,000 per day for three years, with a fourth year option at $15,000 per day that was exercised. According to CEO Aristides Pittas, the investment has generated exceptional returns, realizing more than five times the original equity investment.