Euroseas sets EM Corfu charter at $62,500 a day

Euroseas says its fleet will comprise 20 vessels after the sale and 32 after delivery of 12 newbuildings between 2027 and 2029.

Rhea-AI Filing Summary

Euroseas Ltd. announced a new time charter for its 2,556 teu M/V EM Corfu and agreed to sell its sister vessel, M/V Evridiki G, for approximately $26 million. The EM Corfu charter runs for a minimum 12 to a maximum 14 months, at the charterer’s option, at a gross daily rate of $62,500. It is expected to begin in mid-December 2026 after scheduled dry-dock. Euroseas expects the contract to generate approximately $17.8 million of EBITDA over the minimum contracted period.

The company expects to deliver Evridiki G to its unaffiliated new owners upon completion of its current charter at the end of October, and expects to record a gain on sale of approximately $22.5 million, or about $3.19 per share. Euroseas said charter coverage is about 100% for 2026, 91% for 2027 and 49% for 2028. After the sale, its fleet will comprise 20 vessels with capacity of 58,588 teu; after delivery of four intermediate and eight feeder newbuildings between 2027 and 2029, its fleet will consist of 32 vessels with 94,840 teu of capacity.

Key Figures

Gross daily charter rate: $62,500 per day Charter duration: 12 to 14 months Expected EBITDA: Approximately $17.8 million +4 more

7 metrics

Gross daily charter rate $62,500 per day M/V EM Corfu time charter

Charter duration 12 to 14 months Minimum to maximum period, at the charterer’s option

Expected EBITDA Approximately $17.8 million Over the minimum contracted period

Agreed sale price Approximately $26 million M/V Evridiki G

Expected gain on sale Approximately $22.5 million M/V Evridiki G

Expected gain per share About $3.19 per share M/V Evridiki G sale

Charter coverage 2026: about 100%; 2027: about 91%; 2028: about 49% Euroseas-reported charter coverage

Key Terms

time charter, EBITDA, teu, TCE Rate

4 terms

time charter technical

"new time charter contract for its 2,556 teu feeder containership"

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.

EBITDA financial

"approximately $17.8 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 technical

"2,556 teu feeder containership"

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.

TCE Rate financial

"TCE Rate ($/day)"

TCE rate (Time Charter Equivalent rate) measures the average daily revenue a cargo ship earns on a voyage after deducting voyage-specific costs such as fuel, port fees and canal tolls; it is reported as a dollar amount per day. Investors use it to compare operating performance and profitability across ships and contracts — like comparing cars by miles-per-gallon — and to assess revenue trends, cash flow and fleet valuation for shipping companies.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the terms of ESEA's new M/V EM Corfu charter?

Euroseas set a gross daily charter rate of $62,500 for a minimum of 12 to a maximum of 14 months, at the charterer’s option. The charter is expected to begin in mid-December 2026 after scheduled dry-dock, and is expected to generate approximately $17.8 million of EBITDA over the minimum contracted period.

How much is ESEA selling M/V Evridiki G for?

Euroseas agreed to sell M/V Evridiki G for approximately $26 million. Delivery to its unaffiliated new owners is expected upon completion of the vessel’s current charter at the end of October. Euroseas expects to record a gain on sale of approximately $22.5 million, or about $3.19 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/19/2026 - 04:54 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:54 PM EDT Learn about SEC filing dates

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 October 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 October 19, 2026: Euroseas Ltd. Announces a New Time Charter Contract for its 2001-built 2,556 teu Feeder Containership, M/V EM Corfu, and the Sale of its Sister Vessel, M/V Evridiki G.

This Report on Form 6-K (which includes Exhibit 1), excluding the commentary by Chief Executive Officer Aristides Pittas, is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-268708 & File No. 333-299121) filed with the U.S. Securities and Exchange Commission (the “Commission”) on December 7, 2022 and September 24, 2026, respectively.

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: October 19, 2026	By:	/s/ Aristides J. Pittas
	Name:	Aristides J. Pittas
	Title:	President

Exhibit 1

Euroseas Ltd. Announces a New Time Charter Contract for its 2001-built 2,556 teu Feeder Containership, M/V EM Corfu, and the Sale of its Sister Vessel, M/V Evridiki G

Maroussi, Athens, Greece – October 19, 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 new time charter contract for its 2,556 teu feeder containership, M/V EM Corfu, built in 2001, for a minimum period of 12 to a maximum period of 14 months, at the charterer’s option, at a gross daily rate of $62,500. The new charter is expected to commence in mid-December 2026, following the completion of the vessel’s scheduled dry-dock.

The Company also announced that it has agreed to sell M/V EM Corfu’s sister vessel, M/V Evridiki G, a 2,556 teu vessel also built in 2001, for approximately $26 million. The vessel is expected to be delivered to her new owners, an unaffiliated third party, upon completion of her current charter, at the end of October.

Aristides Pittas, Chairman and CEO of Euroseas, commented: “We are pleased to announce a new time charter contract for our feeder containership, M/V EM Corfu, for 12-14 months at a profitable rate of $62,500/day. The charter is expected to generate approximately $17.8 million of EBITDA over the minimum contracted period and increases our charter coverage for 2026, 2027, and 2028 to about 100%, 91% and 49%, respectively.

“We are also pleased to announce the sale of M/V Evridiki G, for $26 million, a price we consider very attractive for a vessel of this vintage. We expect to record a gain on sale of approximately $22.5 million, or about $3.19 per share. We always evaluate all available employment and sale opportunities for our older vessels at the time of each decision to maximize the financial returns of our shareholders.”

Fleet Profile:

The Euroseas Ltd. fleet profile after the sale of M/V Evridiki G will be 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 Mar-29	$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 Jul-28	$35,500
EM KEA(*)	Feeder	42,165	3,100	2007	TC until Jul-29	$30,000
GREGOS(*)	Feeder	38,733	2,800	2023	TC until Mar-29	$30,000
TERATAKI(*)	Feeder	38,733	2,800	2023	TC until Jun-29	$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 Apr-29	$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
EM CORFU(+)	Feeder	34,649	2,556	2001	TC until Oct-26 then until Dec-27	$28,000 $62,500
STEPHANIA K(*)	Feeder	22,563	1,800	2024	TC until Jul-28	$25,500
MONICA(*)	Feeder	22,563	1,800	2024	TC until May-27	$23,500
PEPI STAR(*)	Feeder	22,563	1,800	2024	TC until Aug-28	$25,500
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 then until Nov-28	$25,000 $26,000
EM HYDRA(*)	Feeder	23,351	1,740	2005	TC until May-27	$19,000
Total Container Carriers on the Water	20	751,708	58,588

Vessels under construction	Type	Dwt	TEU	To be delivered	Employment	TCE Rate ($/day)
ELENA (**)	Intermediate	56,266	4,484	Q3 2027	TC until Jun-32	$32,500
NIKITAS G (**)	Intermediate	56,266	4,484	Q4 2027	TC until Sep-32	$32,500
THRYLOS (**)(***)	Intermediate	56,266	4,484	Q1 2028	TC until Feb-33	$32,500
SOCRATES CH (**)	Intermediate	56,266	4,484	Q2 2028	TC until Apr-33	$32,500
DANAI	Feeder	35,100	2,798	Q2 2028
NENI	Feeder	35,100	2,798	Q3 2028
SPYROS CH	Feeder	23,850	1,781	Q2 2028
GAVROS	Feeder	23,850	1,781	Q3 2028
TONIS M	Feeder	35,100	2,798	Q4 2028
SWEET EVELINA	Feeder	35,100	2,798	Q1 2029
MANGY	Feeder	23,850	1,781	Q4 2028
PANTELIS LUCK	Feeder	23,850	1,781	Q3 2029
Total under construction	12	460,864	36,252

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 (+).

(**) Charterer has the option to convert to a five-year charter at $32,500/day for the entire period.

(***) The entity owning the vessel is 51% owned by Euroseas Ltd. and 49% by NRP Investors.

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. 

After the sale of M/V Evridiki G, the Company will have a fleet of 20 vessels, including 14 Feeder containerships and 6 Intermediate containerships with a cargo capacity of 58,588 teu. After the delivery of four intermediate and eight feeder containership newbuildings between 2027 and 2029, Euroseas’ fleet will consist of 32 vessels with a total carrying capacity of 94,840 teu.

Forward Looking Statements

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