ESEA News and Press, Euroseas Ltd. From 09/28/21

Even though a resurgence of COVID-19 cases hinders the shipping industry’s growth, the demand for shipping has been rising rapidly with industries reopening across the globe. So, it could be wise to scoop up soaring shipping stocks such as ZIM Integrated (ZIM), Danaos (DAC), Euroseas (...

Container market remains firm and upcoming fixtures should be favorable. While the short charter secured on the Oakland intermediate at a rate of at least $195k/day appears extraordinary, the container market remains firm despite a rising order book and Contex rates have moved higher. The rece...

Gainers: Echo Global Logistics (NASDAQ:ECHO) +53%. PaySign (NASDAQ:PAYS) +14%. Euroseas (NASDAQ:ESEA) +12%. REV Group (NYSE:REVG) +10%. Acacia Research (NASDAQ:ACTG) +10%. Losers: Rocket Lab (NASDAQ:RKLB) -11%. Xos (NASDAQ:XOS) -12%. SGOCO Group (NASDAQ:SGOC) -9%. urban-gro  (N...

Initiating coverage on Euroseas, a small, Greece-based owner of feeder containerships and intermediate container carriers. Outlining fleet composition and chartering strategy as well as recent moves to expand the fleet. Discussing Wednesday's record-high charter contract with a tw...

Short charter on the Oakland intermediate secured at an extraordinary rate of at least $195k/day. Yesterday morning, news hit that the 2009-built Oakland intermediate secured a short charter of 60—85 days at a TCE rate of at least $195.0k/day. The charter, which should start by the end ...

ATHENS, Greece, Sept. 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 a new time charter ...

Acquisition of 2006-built 1,740 TEU feeder for $25.5 million expands the fleet to 15. Attractive time charter limits capital risk. We are assuming financing of 50% debt so forecasted yearend 2021 debt will increase by $12.8 million to $71.3 million. In order to limit capital risk, the Jonathan...

ATHENS, Greece, Sept. 07, 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 announced today tha...

Shipping rates are hovering near multi-year highs, driven by a strong global economic recovery and rising demand. Analysts expect high rates and continuing demand to drive the industry’s growth for the rest of the year. Consequently, we think popular shipping stocks Genco (GNK), Navios...

Tight supply and higher container rates are positives for upcoming charters. Based on Contex indices, rates have continued to move up in 3Q2021 and term charters remain common. Our current EBITDA estimates assume that the Corfu/Evridiki/Astoria/Aegean Express feeders will soon secure longer te...