Euroseas (NASDAQ: ESEA) expands feeder fleet with four new containerships

Rhea-AI Filing Summary

Euroseas Ltd. is expanding its feeder containership newbuilding program by ordering four additional vessels: two specialized 2,800 teu high-reefer ships and two 1,800 teu ships. The 2,800 teu vessels, to be built in China, each have a total consideration of approximately $46.5 million and are scheduled for delivery in October 2028 and January 2029, with over 1,000 reefer plugs each. The two 1,800 teu vessels, to be built at Nantong CIMC Sinopacific in China, each have a total acquisition price of approximately $32.5 million and are scheduled for delivery in June and September 2028. All four vessels will meet EEDI Phase 3 and IMO Nox Tier III standards and will be financed with a combination of debt and equity. The company states that these orders bring its containership newbuilding program to ten vessels with total contracted cost of about $500 million, supported by a contracted revenue backlog of $650 million and high charter coverage extending beyond 2028, aiming to modernize its fleet and maintain one of the youngest feeder and intermediate fleets among public peers.

Insights

Shipping sector and capital allocation analyst

Euroseas commits about $158M to four eco feeder newbuilds, backed by a sizable charter backlog.

Euroseas is adding four feeder containerships—two 2,800 teu high-reefer vessels at roughly $46.5 million each and two 1,800 teu vessels at about $32.5 million each. All four comply with EEDI Phase 3 and IMO Nox Tier III, aligning the fleet with tighter environmental standards.

These orders lift the newbuilding program to ten vessels with a total contracted cost near $500 million. Management highlights a contracted revenue backlog of $650 million and charter coverage extending beyond 2028, which provides visibility to support this capital spending, though actual returns will still depend on future charter markets and delivery execution.

The company notes that after delivery of four intermediate and six feeder newbuildings between 2027 and 2029, its fleet will rise from 21 to 31 vessels. Subsequent disclosures can clarify financing terms for the new orders and how debt and equity are balanced over that period.

Key Figures

High-reefer vessel price: $46.5 million per vessel Smaller feeder vessel price: $32.5 million per vessel Newbuilding program cost: approximately $500 million +5 more

8 metrics

High-reefer vessel price $46.5 million per vessel Total consideration for each 2,800 teu high-reefer newbuild

Smaller feeder vessel price $32.5 million per vessel Total acquisition price for each 1,800 teu newbuild

Newbuilding program cost approximately $500 million Total contracted cost for ten containership newbuildings

Contracted revenue backlog $650 million Charter revenue backlog with coverage extending beyond 2028

Current fleet capacity 61,144 teu 21 vessels currently on the water

Future fleet capacity 93,834 teu 31 vessels after delivery of four intermediate and six feeder newbuildings

Vessels under construction 10 vessels, 32,690 teu Containerships currently under construction in the fleet profile table

Environmental standards EEDI Phase 3, IMO Nox Tier III Compliance standards for the four newly ordered vessels

Key Terms

feeder containership, time charter, EEDI Phase 3, IMO Nox Tier III, +2 more

6 terms

feeder containership financial

"Euroseas Ltd. Announces Expansion of its Feeder Containership Newbuilding Program"

time charter financial

"Notes (*)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.

EEDI Phase 3 technical

"All four vessels will comply with EEDI Phase 3 and IMO Nox Tier III emission standards"

IMO Nox Tier III technical

"All four vessels will comply with EEDI Phase 3 and IMO Nox Tier III emission standards"

IMO NOx Tier III is an international shipping rule that sharply limits nitrogen-oxide pollution from new ship engines operating in certain controlled areas, requiring much cleaner combustion than earlier standards. For investors, it matters because meeting the rule often means higher upfront equipment or fuel costs, or demand for retrofits and new technologies—similar to how a carmaker faces costs and market shifts when stricter emissions rules force cleaner engines—so it affects capital spending, operating costs and supplier demand.

contracted revenue backlog financial

"With a contracted revenue backlog of $650 million, high charter coverage extending beyond 2028"

forward-looking statements regulatory

"This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933"

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.

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 30, 2026: Euroseas Ltd. Announces Expansion of its Feeder Containership Newbuilding Program Ordering Two 2800 teu High-Reefer Vessels and Two 1800 teu Vessels.

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:” and the next succeeding paragraph, 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 30, 2026	By:	/s/ Aristides J. Pittas
	Name:	Aristides J. Pittas
	Title:	President

Exhibit 1

Euroseas Ltd. Announces Expansion of its Feeder Containership Newbuilding Program Ordering Two 2800 teu High-Reefer Vessels and Two 1800 teu Vessels

Maroussi, Athens, Greece – April 30, 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 that it has signed contracts for the construction of four additional feeder containers, expanding its containership newbuilding program as follows:

·

Two additional gearless specialized 2,800 teu high-reefer container vessels to be built at Huanghai Shipbuilding Co., Ltd, in China exercising its option to expand a previously placed order for two similar vessels with the same shipyard. The vessels are scheduled to be delivered in October 2028 and January 2029 and, like their sisterships, will be equipped with over 1,000 reefer plugs. The total consideration for each vessel is approximately $46.5 million. The contracts are conditional upon receiving a refund guarantee from a bank acceptable to the Company. The Company also holds an option to order up to two additional vessels of similar size – either high-refer or conventional ships – within a short period of time; and,

·

Two gearless 1,800 teu container vessels to be built at Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. and scheduled to be delivered in June and September 2028. The total acquisition price for each of the two vessels is approximately $32.5 million. The Company also holds an option to order up to two additional vessels of similar size within a short period of time.

All four vessels will comply with EEDI Phase 3 and IMO Nox Tier III emission standards and will be financed with a combination of debt and equity.

Aristides Pittas, Chairman and CEO of Euroseas, commented: “We are pleased to announce the ordering of four additional feeder containerships – two modern 2,800 teu high-reefer vessels, sisterships to those we announced in March, and two modern 1,800 teu containers. These additional orders reflect our disciplined approach to capital allocation and our confidence in the long-term fundamentals of the feeder container market. They bring our current containership newbuilding program to ten vessels with total contracted cost of approximately $500 million upon the completion of which our fleet will include 19 vessels that will have been built by us making it one of the youngest and most modern feeder and intermediate fleets amongst our public peers.

“With a contracted revenue backlog of $650 million, high charter coverage extending beyond 2028 and significant earnings visibility, we are committed and well positioned to continue growing and modernizing our fleet, while selectively evaluating further accretive opportunities, always focused on enhancing long-term shareholder value.”

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
SPYROS CH (S-1170)	Feeder	23,850	1,781	Q2 2028
GAVROS (S-1171)	Feeder	23,850	1,781	Q3 2028
TONIS M (HCY – 440)	Feeder	35,100	2,798	Q4 2028
SWEET EVELINA (HCY-441)	Feeder	35,100	2,798	Q1 2029
Total under construction	10	413,164	32,690

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 six feeder containership newbuildings between 2027 and 2029, Euroseas’ fleet will consist of 31 vessels with a total carrying capacity of 93,834 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 new vessels is Euroseas (ESEA) ordering in this 6-K?

Euroseas is ordering four additional feeder containerships: two gearless 2,800 teu high-reefer vessels and two gearless 1,800 teu vessels. The larger ships include over 1,000 reefer plugs each and all four comply with EEDI Phase 3 and IMO Nox Tier III emission standards.

How much will Euroseas (ESEA) spend on the new containership orders?

Each 2,800 teu high-reefer vessel has a total consideration of about $46.5 million, and each 1,800 teu vessel costs about $32.5 million. These contracts increase Euroseas’ overall containership newbuilding program to ten vessels with a total contracted cost around $500 million.

When will Euroseas’ newly ordered vessels be delivered?

The two 2,800 teu high-reefer vessels are scheduled for delivery in October 2028 and January 2029. The two 1,800 teu vessels are scheduled for delivery in June and September 2028. These deliveries will expand and modernize Euroseas’ feeder-focused container fleet over 2028–2029.

How is Euroseas (ESEA) financing its new feeder containerships?

Euroseas states that all four newly ordered vessels will be financed with a combination of debt and equity. This blended approach supports its approximate $500 million newbuilding program, alongside a contracted revenue backlog of $650 million and high charter coverage extending beyond 2028.

What will Euroseas’ fleet look like after its newbuildings are delivered?

Euroseas currently operates 21 container vessels totaling 61,144 teu. After delivery of four intermediate and six feeder newbuildings between 2027 and 2029, the fleet is expected to grow to 31 vessels with a total carrying capacity of 93,834 teu, emphasizing modern feeder and intermediate ships.

What long-term contracts and backlog support Euroseas’ expansion plans?

Management reports a contracted revenue backlog of $650 million and “high charter coverage” extending beyond 2028. Many existing and under-construction vessels have multi-year time charters, providing earnings visibility that supports Euroseas’ multi-year, approximately $500 million containership newbuilding program.