ESEA News and Press, Euroseas Ltd. From 12/08/21

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, Aristi...

Another short charter on the Oakland signed before a four year charter starts. Yesterday, two time charters on the Oakland 4,253 TEU intermediate were announced. The first one runs 60-90 days at a TCE rate of $130.0k/day and the second one runs for at least four years (with a three month redel...

Euroseas (ESEA +3.4%) has signed two new consecutive time charter contracts for its M/V "Synergy Oakland" container vessel. The first contract commences between January 5th and 25th when the vessel will be redelivered from its current charterer. The vessel will be chartered for a period of be...

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 ...

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 does not return capital to shareholders which could make it look like an inferior pick compar...

Maritime shipping and the problems with supply lines, post Covid, may be frustrating holiday shoppers, but investors have been treated well. This may not be the first Thanksgiving where many families will mention bottlenecks and containers, but it is likely the first where they are talking abo...

The Baltic Exchange's dry bulk sea freight index posts its fifth straight decline to its lowest since June 8, with rates falling for both capesize and panamax vessels. The Baltic Dry Index (BDIY: IND) closed -6.2%, following yesterday's 6.1% slide, to 2,430 points, with the capesize inde...

A Slight Miss. Adjusted 3Q2021 EBITDA of $10.6 million included dry dock expenses of $2.7 million. After adding back dry dock expenses, our adjusted 3Q2021 EBITDA of $13.3 million was slightly below expectations of $13.8 million due to higher opex costs. Adjusting 2021 EBITDA estimate to incor...

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. At current charter rates, adjusted EBITDA for FY2022 would calcula...

Shipping stocks sank across the board today after the Baltic Dry Index fell to its lowest level since early June. The Baltic Dry Index (BDIY:IND) closed -6.1% to 2,591 points, falling for a fourth day, with the capesize index plunging 9.8% to 3,383 and the panamax index sliding 6.1% to a six-...