{"id":951811,"date":"2026-04-15T16:31:43","date_gmt":"2026-04-15T20:31:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/euroseas-ltd-announces-3-year-charter-contract-extension-for-its-2007-built-feeder-containership-em-kea\/"},"modified":"2026-04-15T16:31:43","modified_gmt":"2026-04-15T20:31:43","slug":"euroseas-ltd-announces-3-year-charter-contract-extension-for-its-2007-built-feeder-containership-em-kea","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/euroseas-ltd-announces-3-year-charter-contract-extension-for-its-2007-built-feeder-containership-em-kea\/","title":{"rendered":"Euroseas Ltd. Announces 3-Year Charter Contract Extension for its 2007-built Feeder Containership, EM Kea"},"content":{"rendered":"
\n

ATHENS, Greece, April 15, 2026 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA, the \u201cCompany\u201d or \u201cEuroseas\u201d), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a charter contract extension for its 2007-built 3,100 teu feeder containership, EM Kea, for a minimum period of 36 to a maximum period of 38 months, at the charterer\u2019s option, at a gross daily rate of $30,000. The new charter period will commence on July 14, 2026, in direct continuation of its present charter, and represents a daily increase of close to 60% over the vessel\u2019s current rate.<\/p>\n

\n Aristides Pittas, Chairman and CEO of Euroseas, commented: <\/strong>\u201cWe are very pleased to announce that we have extended the time charter contract for our 2007-built EM Kea with a top-class charterer, in direct continuation of its present charter, for a period of 36 to 38 months at a profitable rate of $30,000 per day. This fixture demonstrates the ongoing shortage of prompt tonnage, which along with macroeconomic disruptions and continued uncertainty caused by the war in the Middle East, continue to sustain the firmness of the containership charter market. The three-year charter extension also reflects the strong collaboration between us and the charterer and, we believe, underscores the mutual confidence and trust between our companies. The charter is expected to generate about $22.5 million of EBITDA over the minimum contracted period and increases our charter coverage for 2026, 2027, and 2028 to about 91%, 76% and 44% respectively.\u201d<\/p>\n

\n Fleet Profile: <\/strong>
\n
The Euroseas Ltd. fleet profile is currently as follows:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Name <\/strong>\n <\/td>\n\n Type<\/strong>\n <\/td>\n\n Dwt<\/strong>\n <\/td>\n\n TEU<\/strong>\n <\/td>\n\n Year
Built<\/strong>\n <\/td>\n		\n Employment (*)<\/strong>\n <\/td>\n\n TCE\u00a0Rate ($\/day)<\/strong>\n <\/td>\n<\/tr>\n
\n Container Carriers<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
SYNERGY BUSAN(*)<\/td>\nIntermediate<\/td>\n50,727<\/td>\n4,253<\/td>\n2009<\/td>\nTC until Dec-27<\/td>\n$35,500<\/td>\n<\/tr>\n
SYNERGY ANTWERP(*)<\/td>\nIntermediate<\/td>\n50,727<\/td>\n4,253<\/td>\n2008<\/td>\nTC until May-28<\/td>\n$35,500<\/td>\n<\/tr>\n
SYNERGY OAKLAND(*)<\/td>\nIntermediate<\/td>\n50,788<\/td>\n4,253<\/td>\n2009<\/td>\nTC until May-26
Then until Mar-2029<\/td>\n		$42,000
$33,500<\/td>\n<\/tr>\n
SYNERGY KEELUNG(*)<\/td>\nIntermediate<\/td>\n50,697<\/td>\n4,253<\/td>\n2009<\/td>\nTC until Jun-28<\/td>\n$35,500<\/td>\n<\/tr>\n
EMMANUEL P(*)<\/td>\nIntermediate<\/td>\n50,796<\/td>\n4,250<\/td>\n2005<\/td>\nTC until Sep-28<\/td>\n$38,000<\/td>\n<\/tr>\n
RENA P(*)<\/td>\nIntermediate<\/td>\n50,765<\/td>\n4,250<\/td>\n2007<\/td>\nTC until Aug-28<\/td>\n$35,500<\/td>\n<\/tr>\n
EM KEA(*)<\/td>\nFeeder<\/td>\n42,165<\/td>\n3,100<\/td>\n2007<\/td>\nTC until Jul-26
Then until Jun-29<\/td>\n		$19,000
$30,000<\/td>\n<\/tr>\n
GREGOS(*)<\/td>\nFeeder<\/td>\n38,733<\/td>\n2,800<\/td>\n2023<\/td>\nTC until Apr-26
Then until Mar-29<\/td>\n		$48,000
$30,000<\/td>\n<\/tr>\n
TERATAKI(*)<\/td>\nFeeder<\/td>\n38,733<\/td>\n2,800<\/td>\n2023<\/td>\nTC until Jul-26
Then until Jun-29<\/td>\n		$48,000
$30,000<\/td>\n<\/tr>\n
TENDER SOUL(*)<\/td>\nFeeder<\/td>\n38,733<\/td>\n2,800<\/td>\n2024<\/td>\nTC until Oct-27<\/td>\n$32,000<\/td>\n<\/tr>\n
LEONIDAS Z (+)(*)<\/td>\nFeeder<\/td>\n38,733<\/td>\n2,800<\/td>\n2024<\/td>\nTC until May-26
Then until Apr-29<\/td>\n		$20,000
$30,000<\/td>\n<\/tr>\n
DEAR PANEL<\/td>\nFeeder<\/td>\n38,733<\/td>\n2,800<\/td>\n2025<\/td>\nTC until Nov-27<\/td>\n$32,000<\/td>\n<\/tr>\n
SYMEON P<\/td>\nFeeder<\/td>\n38,733<\/td>\n2,800<\/td>\n2025<\/td>\nTC until Nov-27<\/td>\n$32,000<\/td>\n<\/tr>\n
EVRIDIKI G(+)<\/td>\nFeeder<\/td>\n34,654<\/td>\n2,556<\/td>\n2001<\/td>\nTC until Jun-26<\/td>\n$29,500<\/td>\n<\/tr>\n
EM CORFU(*)<\/td>\nFeeder<\/td>\n34,649<\/td>\n2,556<\/td>\n2001<\/td>\nTC until Aug-26<\/td>\n$28,000<\/td>\n<\/tr>\n
STEPHANIA K(*)<\/td>\nFeeder<\/td>\n22,563<\/td>\n1,800<\/td>\n2024<\/td>\nTC until May-26<\/td>\n$22,000<\/td>\n<\/tr>\n
MONICA(*)<\/td>\nFeeder<\/td>\n22,563<\/td>\n1,800<\/td>\n2024<\/td>\nTC until May-27<\/td>\n$23,500<\/td>\n<\/tr>\n
PEPI STAR(*)<\/td>\nFeeder<\/td>\n22,563<\/td>\n1,800<\/td>\n2024<\/td>\nTC until Jun-26<\/td>\n$24,250<\/td>\n<\/tr>\n
EM SPETSES(+)(*)<\/td>\nFeeder<\/td>\n23,224<\/td>\n1,740<\/td>\n2007<\/td>\nTC until Feb-28<\/td>\n$21,500<\/td>\n<\/tr>\n
JONATHAN P(*)<\/td>\nFeeder<\/td>\n23,732<\/td>\n1,740<\/td>\n2006<\/td>\nTC until Oct-26<\/td>\n$25,000<\/td>\n<\/tr>\n
EM HYDRA(*)<\/td>\nFeeder<\/td>\n23,351<\/td>\n1,740<\/td>\n2005<\/td>\nTC until May-27<\/td>\n$19,000<\/td>\n<\/tr>\n
\n Total Container Carriers on the Water<\/strong>\n <\/td>\n\n 21<\/strong>\n <\/td>\n\n 786,362<\/strong>\n <\/td>\n\n 61,144<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n
\n
\n Vessels under construction<\/u>
\n <\/strong>\n <\/td>\n		\n Type<\/strong>\n <\/td>\n\n Dwt<\/strong>\n <\/td>\n\n TEU<\/strong>\n <\/td>\n\n To be delivered<\/strong>\n <\/td>\n\n Employment<\/strong>\n <\/td>\n\n TCE Rate ($\/day)<\/strong>\n <\/td>\n<\/tr>\n
ELENA (YZJ-1711) (**)<\/td>\nIntermediate<\/td>\n56,266<\/td>\n4,484<\/td>\nQ3 2027<\/td>\n\u00a0TC until Jun-31<\/td>\n\u00a0 $35,500<\/td>\n<\/tr>\n
NIKITAS G (YZJ-1712) (**)<\/td>\nIntermediate<\/td>\n56,266<\/td>\n4,484<\/td>\nQ4 2027<\/td>\n\u00a0TC until Sep-31<\/td>\n\u00a0 $35,500<\/td>\n<\/tr>\n
THRYLOS(YZJ-1768) (**)<\/td>\nIntermediate<\/td>\n56,266<\/td>\n4,484<\/td>\nQ1 2028<\/td>\n\u00a0TC until Feb-32<\/td>\n\u00a0 $35,500<\/td>\n<\/tr>\n
SOCRATES CH (YZJ-1769) (**)<\/td>\nIntermediate<\/td>\n56,266<\/td>\n4,484<\/td>\nQ2 2028<\/td>\n\u00a0TC until Apr-32<\/td>\n\u00a0 $35,500<\/td>\n<\/tr>\n
DANAI (HCY- 438)<\/td>\nFeeder<\/td>\n35,100<\/td>\n2,798<\/td>\nQ2 2028<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NENI (HCY- 439)<\/td>\nFeeder<\/td>\n35,100<\/td>\n2,798<\/td>\nQ3 2028<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total under construction<\/strong>\n <\/td>\n\n 6<\/strong>\n <\/td>\n\n 295,263<\/strong>\n <\/td>\n\n 23,532<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

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.<\/p>\n

\n About Euroseas Ltd.<\/strong>\n <\/p>\n

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.\u00a0<\/p>\n

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.\u00a0<\/p>\n

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 two feeder containership newbuildings in 2027 and 2028, respectively, Euroseas\u2019 fleet will consist of 27 vessels with a total carrying capacity of 84,676 teu.<\/p>\n

\n Forward-Looking Statement<\/strong>\n <\/p>\n

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.\u00a0<\/p>\n

Visit our website www.euroseas.gr<\/a><\/p>\n\n\n\n
\n Company Contact<\/strong>\n <\/td>\n\n Investor Relations \/ Financial Media<\/strong>\n <\/td>\n<\/tr>\n
Tasos Aslidis
Chief Financial Officer
Euroseas Ltd.
11 Canterbury Lane,
Watchung, NJ 07069
Tel. (908) 301-9091
E-mail: aha@euroseas.gr<\/a><\/td>\n		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<\/a><\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

ATHENS, Greece, April 15, 2026 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA, the \u201cCompany\u201d or \u201cEuroseas\u201d), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a charter contract extension for its 2007-built 3,100 teu feeder containership, EM Kea, for a minimum period of 36 to a maximum period of 38 months, at the charterer\u2019s option, at a gross daily rate of $30,000. The new charter period will commence on July 14, 2026, in direct continuation of its present charter, and represents a daily increase of close to 60% over the vessel\u2019s current rate. Aristides Pittas, Chairman and CEO of Euroseas, commented: \u201cWe are very pleased to announce that we have extended … <\/p>\n

Continue reading “Euroseas Ltd. Announces 3-Year Charter Contract Extension for its 2007-built Feeder Containership, EM Kea”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-951811","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEuroseas Ltd. Announces 3-Year Charter Contract Extension for its 2007-built Feeder Containership, EM Kea - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/euroseas-ltd-announces-3-year-charter-contract-extension-for-its-2007-built-feeder-containership-em-kea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euroseas Ltd. Announces 3-Year Charter Contract Extension for its 2007-built Feeder Containership, EM Kea - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATHENS, Greece, April 15, 2026 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA, the \u201cCompany\u201d or \u201cEuroseas\u201d), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a charter contract extension for its 2007-built 3,100 teu feeder containership, EM Kea, for a minimum period of 36 to a maximum period of 38 months, at the charterer\u2019s option, at a gross daily rate of $30,000. The new charter period will commence on July 14, 2026, in direct continuation of its present charter, and represents a daily increase of close to 60% over the vessel\u2019s current rate. Aristides Pittas, Chairman and CEO of Euroseas, commented: \u201cWe are very pleased to announce that we have extended … Continue reading "Euroseas Ltd. 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Announces 3-Year Charter Contract Extension for its 2007-built Feeder Containership, EM Kea - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/euroseas-ltd-announces-3-year-charter-contract-extension-for-its-2007-built-feeder-containership-em-kea\/","og_locale":"en_US","og_type":"article","og_title":"Euroseas Ltd. Announces 3-Year Charter Contract Extension for its 2007-built Feeder Containership, EM Kea - Market Newsdesk","og_description":"ATHENS, Greece, April 15, 2026 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA, the \u201cCompany\u201d or \u201cEuroseas\u201d), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a charter contract extension for its 2007-built 3,100 teu feeder containership, EM Kea, for a minimum period of 36 to a maximum period of 38 months, at the charterer\u2019s option, at a gross daily rate of $30,000. The new charter period will commence on July 14, 2026, in direct continuation of its present charter, and represents a daily increase of close to 60% over the vessel\u2019s current rate. Aristides Pittas, Chairman and CEO of Euroseas, commented: \u201cWe are very pleased to announce that we have extended … Continue reading \"Euroseas Ltd. Announces 3-Year Charter Contract Extension for its 2007-built Feeder Containership, EM Kea\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/euroseas-ltd-announces-3-year-charter-contract-extension-for-its-2007-built-feeder-containership-em-kea\/","og_site_name":"Market Newsdesk","article_published_time":"2026-04-15T20:31:43+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY5MDczNyM3NTM3OTQ2IzUwMDAzMTI5OQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/euroseas-ltd-announces-3-year-charter-contract-extension-for-its-2007-built-feeder-containership-em-kea\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/euroseas-ltd-announces-3-year-charter-contract-extension-for-its-2007-built-feeder-containership-em-kea\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Euroseas Ltd. 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