Euroseas announced a time charter contract for its 1,740 teu feeder containership, M/V EM Hydra, for a minimum period of ten to a maximum period of twelve months at the option of the charterer, at a gross daily rate of $13,000 in direct continuation of its existing charter. The Company also announced that it has signed a memorandum of agreement to sell M/V EM Astoria, a 2,788 teu feeder containership vessel, built in 2004, for approximately $10 million. The vessel is expected to be delivered to its new owners, an unaffiliated third party, by the end of June 2024.
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