Welcome to our dedicated page for Euroseas news (Ticker: ESEA), a resource for investors and traders seeking the latest updates and insights on Euroseas stock.
Euroseas Ltd (NASDAQ: ESEA) delivers essential maritime logistics through its container shipping operations, serving global trade routes. This news hub provides investors and industry stakeholders with verified updates directly impacting the company's market position and operational strategy.
Access timely reports on earnings announcements, charter agreements, and fleet expansions alongside analysis of industry trends affecting container shipping markets. Our curated collection ensures you stay informed about ESEA developments without speculative commentary.
Key updates include quarterly financial results, vessel acquisition details, and partnership announcements, all critical for assessing Euroseas' performance in volatile maritime markets. Bookmark this page for streamlined access to primary sources and strategic disclosures.
Euroseas Ltd. (NASDAQ: ESEA) announced its participation in Capital Link’s Corporate Presentation Webinar Series on January 24, 2023, at 11:00 am EST. The senior management will present on current operations, business development, and growth prospects in the container sector. Interested participants can register for the event through the provided link. Following the presentation, a live Q&A session will allow attendees to submit questions. Euroseas operates a fleet of 17 vessels, with a total capacity of 53,261 TEU, and plans to expand to 26 vessels, increasing capacity to approximately 75,461 TEU.
Euroseas Ltd. (NASDAQ: ESEA) announced the sale of its containership M/V Akinada Bridge for $14.2 million, expected to be delivered in January 2023. After this transaction, the company's fleet comprises 17 vessels, including intermediate and feeder container carriers, with a total TEU capacity of 53,261. The company has ongoing time charters, with daily TCE rates ranging from $14,500 to $65,000. Additionally, Euroseas has several feeders under construction, scheduled for delivery from Q1 2023 through Q4 2024, boasting competitive TCE rates of $48,000.
Euroseas Ltd. (NASDAQ: ESEA) announced strong financial results for Q3 and the first nine months of 2022. Q3 revenues reached $46.0 million, a 99.5% increase compared to the previous year, with net income at $25.2 million or $3.50 per share. For nine months, revenues totaled $139.8 million, up 151.3%, with net income at $85.9 million. The average daily charter rate increased by 58.6% year-over-year. A quarterly dividend of $0.50 per share was declared. The company has also initiated a $20 million share repurchase plan, aiming to enhance shareholder value.
Euroseas Ltd. (NASDAQ: ESEA) announced it will release its third-quarter financial results for the period ending September 30, 2022, on November 14, 2022, before markets open in New York. A conference call will be held the same day at 9:30 a.m. ET to discuss the results. Participants can join by dialing in or using a 'call me' option for faster connection. The presentation slides will be available on the company’s website prior to the call. Euroseas operates a fleet of 18 container vessels, with plans to expand to 27 vessels by 2024.
Euroseas Ltd. (NASDAQ: ESEA) reported strong financial results for Q2 2022, achieving net revenues of $48.5 million, a 165.1% increase from Q2 2021. Net income attributable to common shareholders reached $30.7 million or $4.26 per share. Total net revenues for the first half of 2022 were $93.9 million, a 187.9% rise year-over-year. Despite a 10-20% decrease in one-year time charter rates recently, Euroseas maintains high charter coverage through 2024. A quarterly dividend of $0.50 per share is set for distribution on September 16, 2022.
Euroseas Ltd. (NASDAQ: ESEA) announced it will release its second quarter financial results for the period ending June 30, 2022, on August 10, 2022, after market close. A conference call and webcast will follow on August 11, 2022, at 9:00 a.m. Eastern Time to discuss the results. Interested participants can join the call by dialing 877-405-1226 or +1 201-689-7823. Euroseas operates a fleet of 18 containerships with a cargo capacity of 58,871 teu, and after the delivery of two newly acquired vessels, the fleet will expand to 27 vessels with a total capacity of approximately 81,071 teu.
Euroseas Ltd. reported strong first-quarter 2022 results with total net revenues of $45.4 million, significantly up from $14.3 million in Q1 2021. Net income soared to $29.9 million, resulting in earnings per share of $4.15. The company announced a $20 million share repurchase program and declared a quarterly dividend of $0.50 per share. Euroseas is expanding its fleet with two ship acquisitions for $37 million and has initiated orders for two new eco-friendly vessels valued at $86 million, reinforcing its commitment to maximized shareholder returns.
Euroseas Ltd. (NASDAQ: ESEA) announced it will release financial results for Q1 2022 on May 23, 2022, after market close. A conference call to discuss these results will be held on May 24, 2022, at 9:30 a.m. ET. Interested participants can dial in at specified numbers and access an accompanying audio webcast on the company’s website. Euroseas operates a fleet of 18 container vessels with plans to expand to 27 vessels, significantly increasing cargo capacity, which currently stands at 58,871 TEU.
Euroseas Ltd. (NASDAQ: ESEA) announced new charters for two eco-friendly 2,800 teu feeder containerships, M/V GREGOS and M/V TERATAKI, both set to deliver in 2023. The charters last between 36 to 40 months at a gross daily rate of $48,000, expected to generate over $85 million in EBITDA. This raises charter coverage for 2023 to 76% and for 2024 to nearly 55%. The vessels are crucial for Euroseas' operational expansion and financial health, aiming to repay their construction costs within three years.
FAQ
What is the current stock price of Euroseas (ESEA)?
What is the market cap of Euroseas (ESEA)?
