Euroseas Ltd (ESEA) has released an update.
Euroseas Ltd. has secured a time charter contract for its M/V EM Hydra containership, guaranteeing continued employment for the vessel at a daily rate of $13,000 for up to 12 months. Additionally, the company has negotiated the sale of another vessel, the EM Astoria, for about $10 million, expecting a delivery to the new owners by the end of June 2024. These strategic moves are anticipated to contribute significantly to Euroseas’ earnings and enhance its asset portfolio.
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