Euroseas (NASDAQ: ESEA) locks 3-year EM Kea charter at $30,000/day

Rhea-AI Filing Summary

Euroseas Ltd. has extended the time charter for its 2007-built 3,100 TEU feeder containership EM Kea for a minimum of 36 to a maximum of 38 months at the charterer’s option, at a gross daily rate of $30,000.

The new charter starts on July 14, 2026 in direct continuation of the current charter and represents a daily rate increase of close to 60% over EM Kea’s existing $19,000 per day rate. The company expects the new contract to generate about $22.5 million of EBITDA over the minimum contracted period.

Euroseas states that this fixture highlights firm containership charter market conditions amid limited prompt vessel availability and macroeconomic disruptions. The company notes the charter raises its charter coverage to about 91% for 2026, 76% for 2027, and 44% for 2028, providing multi-year revenue visibility for a large portion of its fleet.

Key Figures

EM Kea new charter rate: $30,000 per day EM Kea current charter rate: $19,000 per day Expected EBITDA from EM Kea charter: $22.5 million +5 more

8 metrics

EM Kea new charter rate $30,000 per day Gross daily rate under new 36–38 month charter

EM Kea current charter rate $19,000 per day Existing daily rate before July 14, 2026

Expected EBITDA from EM Kea charter $22.5 million Over minimum 36‑month contracted period

Charter coverage 2026 91% Proportion of operating days fixed on charters for 2026

Charter coverage 2027 76% Proportion of operating days fixed on charters for 2027

Charter coverage 2028 44% Proportion of operating days fixed on charters for 2028

Current fleet capacity 61,144 TEU 21 operational vessels as described in fleet profile

Projected fleet capacity after newbuildings 84,676 TEU 27 vessels after 2027–2028 deliveries

Key Terms

time charter, feeder containership, EBITDA, TEU, +2 more

6 terms

time charter financial

"TC denotes time charter. Charter duration indicates the earliest redelivery date"

A time charter is an agreement where a ship owner rents out their vessel to a customer for a set period, during which the customer has control over the ship’s use and operation. This arrangement matters to investors because it provides a steady income stream for the ship owner and indicates ongoing demand for shipping services, reflecting the health of global trade and transportation markets.

feeder containership financial

"2007-built 3,100 teu feeder containership, EM Kea"

EBITDA financial

"The charter is expected to generate about $22.5 million of EBITDA over the minimum contracted period"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

TEU financial

"with a cargo capacity of 61,144 teu"

TEU stands for twenty-foot equivalent unit, a standard measure of containerized cargo capacity equal to one 20-foot long shipping container. Investors use TEUs to compare the size, throughput and utilization of ships, ports and logistics networks—think of it as counting parking spots for containers—which affects revenue potential, shipping costs and the flow of goods that influence supply chains and company earnings.

forward-looking statements regulatory

"This press release contains forward-looking statements (as defined in Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

charter coverage financial

"increases our charter coverage for 2026, 2027, and 2028 to about 91%, 76% and 44% respectively"

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2026

Commission File Number: 001-33283

EUROSEAS LTD.

(Translation of registrant’s name into English)

4 Messogiou & Evropis Street

151 24 Maroussi, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [X] Form 40-F [ ]

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached to this Report on Form 6-K as Exhibit 1 is a copy of the press release issued by Euroseas Ltd. (the “Company”) on April 15, 2026: Euroseas Ltd. Announces 3-Year Charter Contract Extension for its 2007-built Feeder Containership, EM Kea.

This Report on Form 6-K (which includes Exhibit 1), except for the paragraph in Exhibit 1 beginning with “Aristides Pittas, Chairman and CEO of Euroseas commented:”, is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-268708) filed with the U.S. Securities and Exchange Commission (the “Commission”) on December 7, 2022.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	EUROSEAS LTD.
Dated: April 23, 2026	By:	/s/ Aristides J. Pittas
	Name:	Aristides J. Pittas
	Title:	President

Exhibit 1

Euroseas Ltd. Announces 3-Year Charter Contract Extension for its 2007-built Feeder Containership,

EM Kea

Maroussi, Athens, Greece – April 15, 2026 – Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a charter contract extension for its 2007-built 3,100 teu feeder containership, EM Kea, for a minimum period of 36 to a maximum period of 38 months, at the charterer’s option, at a gross daily rate of $30,000. The new charter period will commence on July 14, 2026, in direct continuation of its present charter, and represents a daily increase of close to 60% over the vessel’s current rate.   

Aristides Pittas, Chairman and CEO of Euroseas, commented: “We are very pleased to announce that we have extended the time charter contract for our 2007-built EM Kea with a top-class charterer, in direct continuation of its present charter, for a period of 36 to38 months at a profitable rate of $30,000 per day. This fixture demonstrates the ongoing shortage of prompt tonnage, which along with macroeconomic disruptions and continued uncertainty caused by the war in the Middle East, continue to sustain the firmness of the containership charter market. The three-year charter extension also reflects the strong collaboration between us and the charterer and, we believe, underscores the mutual confidence and trust between our companies. The charter is expected to generate about $22.5 million of EBITDA over the minimum contracted period and increases our charter coverage for 2026, 2027, and 2028 to about 91%, 76% and 44% respectively.”

Fleet Profile:

The Euroseas Ltd. fleet profile is currently as follows:

Name	Type	Dwt	TEU	Year Built	Employment (*)	TCE Rate ($/day)
Container Carriers
SYNERGY BUSAN(*)	Intermediate	50,727	4,253	2009	TC until Dec-27	$35,500
SYNERGY ANTWERP(*)	Intermediate	50,727	4,253	2008	TC until May-28	$35,500
SYNERGY OAKLAND(*)	Intermediate	50,788	4,253	2009	TC until May-26 Then until Mar-2029	$42,000 $33,500
SYNERGY KEELUNG(*)	Intermediate	50,697	4,253	2009	TC until Jun-28	$35,500
EMMANUEL P(*)	Intermediate	50,796	4,250	2005	TC until Sep-28	$38,000
RENA P(*)	Intermediate	50,765	4,250	2007	TC until Aug-28	$35,500
EM KEA(*)	Feeder	42,165	3,100	2007	TC until Jul-26 Then until Jun-29	$19,000 $30,000
GREGOS(*)	Feeder	38,733	2,800	2023	TC until Apr-26 Then until Mar-29	$48,000 $30,000
TERATAKI(*)	Feeder	38,733	2,800	2023	TC until Jul-26 Then until Jun-29	$48,000 $30,000
TENDER SOUL(*)	Feeder	38,733	2,800	2024	TC until Oct-27	$32,000
LEONIDAS Z (+)(*)	Feeder	38,733	2,800	2024	TC until May-26 Then until Apr-29	$20,000 $30,000
DEAR PANEL	Feeder	38,733	2,800	2025	TC until Nov-27	$32,000
SYMEON P	Feeder	38,733	2,800	2025	TC until Nov-27	$32,000
EVRIDIKI G(+)	Feeder	34,654	2,556	2001	TC until Jun-26	$29,500
EM CORFU(*)	Feeder	34,649	2,556	2001	TC until Aug-26	$28,000
STEPHANIA K(*)	Feeder	22,563	1,800	2024	TC until May-26	$22,000
MONICA(*)	Feeder	22,563	1,800	2024	TC until May-27	$23,500
PEPI STAR(*)	Feeder	22,563	1,800	2024	TC until Jun-26	$24,250
EM SPETSES(+)(*)	Feeder	23,224	1,740	2007	TC until Feb-28	$21,500
JONATHAN P(*)	Feeder	23,732	1,740	2006	TC until Oct-26	$25,000
EM HYDRA(*)	Feeder	23,351	1,740	2005	TC until May-27	$19,000
Total Container Carriers on the Water	21	786,362	61,144

Vessels under construction	Type	Dwt	TEU	To be delivered	Employment	TCE Rate ($/day)
ELENA (YZJ-1711) (**)	Intermediate	56,266	4,484	Q3 2027	TC until Jun-31	$35,500
NIKITAS G (YZJ-1712) (**)	Intermediate	56,266	4,484	Q4 2027	TC until Sep-31	$35,500
THRYLOS(YZJ-1768) (**)	Intermediate	56,266	4,484	Q1 2028	TC until Feb-32	$35,500
SOCRATES CH (YZJ-1769) (**)	Intermediate	56,266	4,484	Q2 2028	TC until Apr-32	$35,500
DANAI (HCY- 438)	Feeder	35,100	2,798	Q2 2028
NENI (HCY- 439)	Feeder	35,100	2,798	Q3 2028
Total under construction	6	295,263	23,532

Notes:

(*)TC denotes time charter. Charter duration indicates the earliest redelivery date; all dates listed are the earliest redelivery dates under each TC unless the contract rate is lower than the current market rate in which cases the latest redelivery date is assumed; vessels with the latest redelivery date shown are marked by (+).

(**) The charterer has the option until Nov-2026 to extend the charters by one year with the rate for the five-year period becoming $32,500/day.

About Euroseas Ltd.

Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 150 years. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA. 

Euroseas operates in the container shipping market. Euroseas' operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements. 

The Company has a fleet of 21 vessels, including 15 Feeder containerships and 6 Intermediate containerships with a cargo capacity of 61,144 teu. After the delivery of four intermediate and two feeder containership newbuildings in 2027 and 2028, respectively, Euroseas’ fleet will consist of 27 vessels with a total carrying capacity of 84,676 teu.

Forward Looking Statement

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. 

Visit our website www.euroseas.gr

Company Contact	Investor Relations / Financial Media
Tasos Aslidis Chief Financial Officer Euroseas Ltd. 11 Canterbury Lane, Watchung, NJ 07069 Tel. (908) 301-9091 E-mail: aha@euroseas.gr	Nicolas Bornozis Markella Kara Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, NY 10169 Tel. (212) 661-7566 E-mail: euroseas@capitallink.com

FAQ

What charter extension did Euroseas (ESEA) secure for the EM Kea?

Euroseas agreed a new time charter for EM Kea lasting a minimum of 36 to a maximum of 38 months at the charterer’s option, starting July 14, 2026, at a gross daily rate of $30,000, in direct continuation of its current contract.

How does the new EM Kea charter rate compare with its current rate?

The EM Kea’s new gross daily rate is $30,000, which Euroseas says represents a daily increase of close to 60% compared with the vessel’s current $19,000 per day charter rate, indicating a significantly stronger contracted earning level for this ship.

What EBITDA does Euroseas expect from the EM Kea charter extension?

Euroseas expects the extended EM Kea time charter to generate about $22.5 million of EBITDA over the minimum contracted period. This estimate reflects the $30,000 per day rate over the 36‑month minimum duration, enhancing the vessel’s multi‑year cash flow contribution.

How does the EM Kea contract affect Euroseas’ charter coverage for 2026-2028?

With the EM Kea extension, Euroseas reports charter coverage of about 91% for 2026, 76% for 2027, and 44% for 2028. These figures indicate how much of the fleet’s operating days are already fixed on contracts for those years, increasing revenue visibility.

What is Euroseas’ current fleet size and capacity?

Euroseas currently operates a fleet of 21 container vessels, comprising 15 feeder and 6 intermediate containerships, with an aggregate carrying capacity of 61,144 TEU. This fleet is employed on a mix of spot and period charters and pool arrangements in the container shipping market.

How will Euroseas’ fleet change with its newbuildings in 2027-2028?

After the scheduled delivery of four intermediate and two feeder containership newbuildings in 2027 and 2028, Euroseas expects its fleet to grow to 27 vessels with a total carrying capacity of 84,676 TEU, expanding its presence in the container shipping market.