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Euroseas Ltd. Announces a New Time Charter Contract for its 2001-built 2,556 teu Feeder Containership, M/V EM Corfu, and the Sale of its Sister Vessel, M/V Evridiki G

$ESEAPress releaseOct 19, 2026, 9:00 AM ETRead the release

Euroseas secured a 12-14 month time charter for its 2001-built 2,556 teu feeder M/V EM Corfu at $62,500/day, expected to commence mid-December 2026 after dry-dock. The charter should generate roughly $17.8 million of EBITDA over the minimum term and lifts charter coverage to about 100% for 2026, 91% for 2027, and 49% for 2028.

Key figures

Deal Value Usd
26000000
Gain on sale usd
22500000
Charter ebitda usd
17800000
Charter coverage 2026
about 100%
Charter coverage 2027
91%
Charter coverage 2028
49%
Gain on sale per share
3.19
Charter duration months
12-14
Charter rate usd per day
62500

AI analysis

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