Euroseas

Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables. The company also owns drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. Euroseas was founded on May 5, 2005 and is headquartered in Athens, Greece.

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Euroseas reports strong Q4 earnings amidst market challenges and opportunities

Euroseas delivered a robust performance in Q4 2022, driven by strong financial results and strategic initiatives like fleet expansion and asset optimization.
While facing challenges from market dynamics and global uncertainties, the company's proactive approach to debt management and focus on shareholder value creation position it for long-term success.
By navigating market challenges, capitalizing on growth opportunities, and maintaining financial discipline, Euroseas aims to sustain its competitive position and drive value for stakeholders.

Euroseas reports robust Q1 earnings amidst market opportunities and challenges

Euroseas delivered a strong Q1 2023 performance with solid financial results and shareholder returns, reflecting operational excellence and market positioning.
While facing challenges such as operational complexities and legal issues, the company has opportunities to drive growth through strategic initiatives and market trends.
Investors should monitor Euroseas' ability to navigate challenges, capitalize on opportunities, and sustain its financial performance and shareholder value in the dynamic shipping industry.

Euroseas reports strong Q2 earnings, plans fleet expansion and acquisitions

Euroseas delivered robust financial results, declared dividends, and expanded its fleet, showcasing operational strength and strategic growth.
While facing challenges such as debt assumption and arbitration losses, the company's focus on sustainability and shareholder value creation remains strong.
Opportunities lie in building cash reserves, share repurchases, and fleet expansion, positioning Euroseas for future growth and market leadership.
Overall, Euroseas' performance reflects resilience in a dynamic market environment, with a strategic focus on sustainable growth and shareholder returns.

Euroseas reports robust Q3 earnings amidst market challenges and opportunities

Euroseas delivered strong financial performance in Q3 2023, supported by substantial dividends and operational expansions, despite challenges in charter rates and global economic uncertainties.
With a focus on maintaining financial resilience, efficient operations, and shareholder value, Euroseas navigates market headwinds while exploring opportunities for revenue growth and capital appreciation.
The company's strategic approach to balancing dividends, buybacks, and fleet expansion positions it to weather industry challenges and leverage potential opportunities for future growth.

Euroseas (ESEA) posts robust Q4 earnings, eyes growth amid market disruptions

Euroseas (ESEA) reported strong financials, dividend increase, and operational updates in Q4 2023. Despite market challenges, the company's fleet expansion and charter coverage provide a solid foundation for growth. Strategic investments and market insights position Euroseas well for future opportunities.

Euroseas reports strong Q1 earnings, eyes growth amid market trends

Euroseas delivered a strong financial performance in Q1 2024, supported by operational efficiency and robust fleet utilization rates.
While facing challenges from market uncertainties and debt management, the company's strategic strengths lie in dividend consistency, fleet optimization, and growth opportunities.
By leveraging market trends, optimizing its fleet, and maintaining financial discipline, Euroseas is poised to capitalize on opportunities for revenue growth and shareholder value appreciation.

Euroseas excels in Q2 2024 earnings, poised for strategic growth

Euroseas delivered a robust financial performance in Q2 2024, supported by strong revenues, net income, and dividend yield, reflecting a well-managed operation.
The company's fleet profile, forward charter coverage, and capital allocation strategy position it well for growth and value creation in a positive market environment.
While facing challenges such as debt management and market dynamics, Euroseas can capitalize on opportunities through strategic investments and adaptation to industry trends.

Euroseas reports robust Q3 earnings, poised for industry growth

Euroseas delivered a strong performance in Q3 2024, supported by solid financial results, dividend declaration, and strategic fleet management.
While facing debt obligations and fleet age challenges, the company is well-positioned to leverage market opportunities, capitalize on industry recovery, and drive future growth.
Investors may find value in Euroseas stock given the favorable industry outlook, potential for stock price appreciation, and the company's focus on operational efficiency and expansion.

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ATHENS, Greece, May 03, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it has agreed to acquire M/V Seaspan Manila and M/V Seaspan Melbourne both intermediate size container vessels with capacity of 4,250 teu each built in 2007 and 2005, respectively. The vessels are being acquired for a combined price of $37 million. The Company will also assume the existing charter arrangements of the vessels. Both acquisitions will be initially financed with the Company's own funds. Specifically:

Euroseas Ltd. Announces Agreement to Acquire two 4,250 teu Container Vessels, built in 2005 and 2007

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ATHENS, Greece, March 21, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ:ESEA), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it has signed a contract for the construction of three 1,800 teu eco-design fuel efficient feeder containerships. The vessels will be built at Hyundai Mipo Dockyard Co. in Korea and are scheduled to be delivered during the first half of 2024, one in the first and two in the second quarter of the year. The total consideration for the construction of the three vessels is approximately $102 million which the Company intends to finance with a combination of debt and equity.

Euroseas Ltd. Signs New Building Agreements for the Acquisition of Three Fuel Efficient 1,800 teu Feeder Containerships

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Here is how Euroseas Ltd. (ESEA) and StealthGas (GASS) have performed compared to their sector so far this year.

Is Euroseas Ltd. (ESEA) Stock Outpacing Its Transportation Peers This Year?

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Euroseas Ltd (ESEA) CEO Aristides Pittas on Q4 2021 Earnings Call Transcript

Euroseas Ltd. (ESEA) delivered earnings and revenue surprises of 6.02% and 8.46%, respectively, for the quarter ended December 2021.

Euroseas Ltd. (ESEA) Q4 Earnings and Revenues Top Estimates

ATHENS, Greece, Feb. 15, 2022 (GLOBE NEWSWIRE) -- 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 its results for the three-month period and full year ended December 31, 2021.

Euroseas Ltd. Reports Results for the Year and Quarter Ended December 31, 2021

ATHENS, Greece, Feb. 09, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the fourth quarter ended December 31, 2021 on Tuesday, February 15, 2022 before market opens in New York.

Euroseas Ltd. Sets Date for the Release of Fourth Quarter 2021 Results, Conference Call and Webcast

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Euroseas Ltd. (ESEA) was a big mover last session on higher-than-average trading volume.

Euroseas Ltd. (ESEA) Stock Jumps 6.4%: Will It Continue to Soar?

Euroseas Ltd. (NASDAQ: ESEA) entered into a new time charter contract for its 2004 built M/V "EM Astoria," vessel for an average daily rate of about $45,000 for the duration of the charter.

Euroseas Enters New Charter For 2004-Built Container Vessel

ATHENS, Greece, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a new charter of its container vessel M/V “EM Astoria”.

Euroseas Ltd. Announces New Charter For Its 2,788 teu, 2004-built vessel, M/V “EM Astoria”

ATHENS, Greece, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it will participate in Capital Link's Corporate Presentations Webinar Series.

Euroseas Ltd. to Participate at Capital Link's Corporate Presentations Series

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Euroseas Ltd. (ESEA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects.

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Euroseas Ltd. (NASDAQ: ESEA) entered a new time charter contract for its container vessel M/V "EM Corfu" and an extension of another charter of its container vessel M/V "Evridiki G.

Euroseas Bags New Charters For Two Container Vessels

ATHENS, Greece, Dec. 28, 2021 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today the extension of the charter of its container vessels M/V “Evridiki G” and a new time charter contract for its container vessel M/V “EM Corfu”. Specifically:

Euroseas Ltd. Announces New Charters For Two Of Its Vessels, M/V “Evridiki G” and M/V “EM Corfu”

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ATHENS, Greece, Dec. 08, 2021 (GLOBE NEWSWIRE) -- 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 its CEO, Aristides Pittas received the Lloyd's List Greek Shipping Newsmaker of the Year Award in recognition of his achievements in the maritime industry during 2021.

Aristides Pittas Wins Lloyd's List Newsmaker of the Year Award 2021

ATHENS, Greece, Nov. 29, 2021 (GLOBE NEWSWIRE) -- 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 two new consecutive time charter contracts for its container vessel M/V “Synergy Oakland”, a 4,253 TEU vessel built in 2009.

Euroseas Ltd. Announces a Two-to-Three Month $130,000 per day Charter for its M/V “Synergy Oakland” Followed by a Minimum Four-Year Charter at $42,000 per day

Euroseas should report record net income levels in Q4, FY2022, and potentially FY2023. The company trades at a steep discount to NAV, and at a record-low forward EV/EBITDA ratio.

Euroseas: Set For Record Profitability But Trades At 45% Discount To NAV

Company reports Q3 results below expectations mostly due to higher insurance premiums, increased drydocking expense and elevated COVID-related crewing costs. Discussing latest fleet additions and charter contracts.

News for Euroseas Stock (ESEA)