Euroseas Ltd. Announces 2-Year Charter Contract Extension for its Feeder Containership, M/V Jonathan P
Euroseas Ltd. announced a 24-26 month time charter extension for its feeder containership M/V Jonathan P at a gross daily rate of $26,000, effective from late October 2026. The contract is expected to generate approximately $12.7 million in EBITDA and increases the company's revenue visibility, raising charter coverage for 2026, 2027, and 2028 to 97%, 86%, and 50% respectively.
Key figures
- Expected ebitda
- $12.7 million
- Daily charter rate
- $26,000
- Fleet coverage 2026
- 97%
- Fleet coverage 2027
- 86%
- Fleet coverage 2028
- 50%
- Charter period months
- 24-26
AI analysis
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