ATHENS, Greece, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it has signed a contract for the construction of two additional modern fuel-efficient 4,300 teu container vessels to be built at Jiangsu New Yangzi Shipbuilding CO., in China. The vessels are scheduled to be delivered in March and May of 2028. The total consideration for each of these two newbuilding contracts is approximately $59.25 million and will be financed with a combination of debt and equity.
Related Questions
How will the $118.5 million capital outlay and associated debt/equity financing affect Euroseas' leverage ratios and cash‑flow outlook?
What incremental freight revenue and EBITDA contribution are expected from the two new 4,300 TEU vessels once they enter service in 2028?
How does this newbuilding program position Euroseas relative to peers in fleet modernization and capacity expansion within the mid‑size containership segment?