{
  "id": 15655143,
  "title": "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",
  "url": "https://urgent.news/2026/10/19/euroseas-ltd-announces-a-new-time-charter-contract-for-its-2001-built",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T21:00:47.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/euroseas-ltd-announces-a-new-time-charter-contract-for-its-2001-built-2556-teu-feeder-containership-m-v-em-corfu-and-the-sale-of-its-sister-vessel-m-v-evridiki-g/"
  },
  "original_language": "en",
  "account": "Euroseas Ltd., a container carrier vessel owner and provider of seaborne transportation services, recently announced a new time charter contract for its 2001-built 2,556 teu feeder containership, M/V EM Corfu, as well as the sale of its sister vessel, M/V Evridiki G. The 2001-built M/V EM Corfu will be subject to a minimum 12-month and maximum 14-month charter period, with a gross daily rate of $62,500, commencing in mid-December 2026 following the vessel's scheduled dry-dock. The company anticipates generating approximately $17.8 million in EBITDA over the contracted period, boosting its charter coverage for 2026, 2027, and 2028 to 100%, 91%, and 49% respectively. Additionally, Euroseas has agreed to sell M/V Evridiki G, another 2001-built 2,556 teu vessel, for around $26 million, a price deemed attractive for a vessel of its age. The sale is expected to result in a gain of approximately $22.5 million or around $3.19 per share. Euroseas, formed in 2005 by the Pittas family of Athens, Greece, currently operates a fleet of 20 vessels, including 14 feeder and 6 intermediate containerships, with a total cargo capacity of 58,588 teu.",
  "summary": "Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its 2,556 teu feeder containership, M/V EM Corfu, built in 2001, for a minimum period of 12 to a maximum period of 14 months, at the charterer’s option, at ...",
  "key_points": [
    "Euroseas Ltd. signs time charter contract for M/V EM Corfu",
    "Vessel to operate 12-14 months starting mid-December 2026",
    "Company expects $17.8M EBITDA, boosts charter coverage to 100%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}