ESEA News and Press, Euroseas Ltd. From 07/27/21

Another positive reset on the Oakland intermediate. Yesterday morning, the fleet employment table was updated on the web site to show that the TCE rate on the Oakland had moved up to $64.7k/day over the weekend versus the last reset of $38.0k/day in April. The reset is the last one under a cha...

Gainers: Navios Maritime (NM) +16%.Agrify Corporation (AGFY) +14%.Euroseas (ESEA) +10%.Grindrod Shipping (GRIN) +9%.International Seaways (INSW) +9%.Losers: Staffing 360 Solutions (STAF) -21%.TD Holdings (GLG) -12%.Armstrong Flooring (AFI) -11%.SGOCO Group (SGOC) -8%. For further detai...

Strong stock price performance triggers conversion of preferred shares into common shares. ESEA recently notified Blackrock that it intended to issue a notice of redemption no earlier than July 9, 2021, and Blackrock converted the preferred shares into common shares at $14.05/share in June, as...

Value Investor's Edge Live resumes with this latest episode focused on the containership markets. We hosted Ian Webber, CEO of Global Ship Lease, to discuss company prospects and overall containership dynamics. Tom Lister, CCO, also joined the conversation. GSL has completed two m...

Fleet renewal starts with two new builds. Contracts signed for two Eco design fuel efficient 2,800 TEU containerships to be built at Hyundai Mipo Dockyard Co. in Korea at a total cost of approximately $76 million. We estimate that deposits should total about 20% in 2021 and a combo of debt and...

SlavkoSereda/iStock via Getty Images WTI crude oil futures (CL1:COM) closed +0.7% to $73.47/bbl, as U.S. government data displayed another drop in domestic crude inventories. Over the last four weeks, total stockpiles including the Strategic Petroleum Reserve have fallen at a rate of 1.15M bb...

Euroseas (ESEA) signs a contract for the construction of two Eco design fuel efficient containerships, that will have a carrying capacity of about 2,800 teu each and will be built at Hyundai Mipo Dockyard Co. in Korea. The two new buildings are scheduled to be delivered during ...

ATHENS, Greece, June 30, 2021 (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 two Eco design fuel efficient c...

Positive comments from yesterday's container panel at Marine Money Week bolsters outlook. Container market remains firm and favorable market thesis intact. Symeon Pariaros, Chief Administrative Officer of Euroseas participated on the panel entitled "The Containership Supply Squeeze" and confir...

lcswart/iStock Editorial via Getty Images Plagued by the coronavirus pandemic, as well as the Suez Canal blockage, the shipping industry was just getting back on its feet before being dealt another blow. One of the biggest ports in the world called Yantian, was recently shut down because of C...