Euroseas Announces Time Charter for Container Carrier Evridiki G

Pittas-Euroseas-Ltd

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that the Company took delivery of the M/V Xenia from Jiangsu Yangzijiang Shipbuilding Co. on February 26, 2016.

The M/V Xenia is an “eco” design Kamsarmax fuel efficient drybulk carrier with a carrying capacity of 82,000 dwt. The M/V Xenia has commenced a time charter contract until January 2020 at a gross daily rate of $14,100 with a charterer’s option to extend the charter for one additional year at a gross daily rate of $14,350.

The Company also announced today that it has entered into a time charter contract for the container vessel, Evridiki G, at a gross daily rate of $11,000 for a period of two years. The M/V Evridiki G is an Intermediate container carrier with a cargo capacity of 2,556 teu.

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