Euroseas Ltd. (NASDAQ:ESEA) is one of the
10 Most Profitable Small Cap Stocks to Buy.
On May 26, 2026, Euroseas Ltd. (NASDAQ:ESEA) announced charter extensions for its “2024-built 1,800 teu feeder containerships, M/V Stephania K and M/V Pepi Star.” It secured new contracts lasting 24 to 26 months at a gross daily rate of $25,500. The company said the charters will begin July 28 and August 19, 2026, continuing directly from the existing agreement.
Chairman and Chief Executive Officer Aristides Pittas said the extensions show “continued demand for tonnage and the underlying strength of the containership charter market.” It pointed out that the modern, fuel-efficient vessels command a premium as disruptions in oil flows through the Strait of Hormuz tighten fuel availability and push costs higher.
Euroseas Ltd. (NASDAQ:ESEA) said the contracts are expected to make around $27 million in EBITDA over the minimum period. The corporation stated that the deals increase charter coverage to roughly 96% for 2026, 86% for 2027, and 48% for 2028.
Travel mania/Shutterstock.com
Euroseas Ltd. (NASDAQ:ESEA) is a holding company that provides ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, which primarily include manufactured goods and perishables.
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