Euroseas Signs New Charter for EM Spetses at $21,500 Daily Rate
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2026
0mins
Should l Buy ESEA?
Euroseas announced a new time charter contract for its 2007-built 1,740 teu feeder containership, EM Spetses, for a minimum period of 22 to a maximum period of 24 months, at the option of the charterer, at a gross daily rate of $21,500. The new charter period will commence on April 12, 2026, in direct continuation of its present charter, and represents a daily increase of over $3,000 over the vessel's current rate.
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Analyst Views on ESEA
Wall Street analysts forecast ESEA stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 58.900
Low
65.00
Averages
70.00
High
75.00
Current: 58.900
Low
65.00
Averages
70.00
High
75.00
About ESEA
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company's operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers. The Company has a fleet of 12 vessels, including Kamsarmax drybulk carrier, Panamax drybulk carriers and Handymax drybulk carrier, Intermediate containerships, Handysize containerships, and Feeder containerships. The Company’s five drybulk carriers have a total cargo capacity of 351,272 deadweight tons (dwt), and its seven containerships have a cargo capacity of 11,828 twenty-foot equivalent units (teu).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Forum Overview: The 20th Annual Capital Link International Shipping Forum is scheduled for March 9, 2026, in New York City, expected to attract numerous investors and shipping executives, showcasing the latest trends and developments in the shipping industry while facilitating engagement between investors and shipping companies.
- Keynote Speakers: U.S. Department of Energy's Special Envoy for Global Energy Integration, Joshua Volz, and Greek Minister of Maritime Affairs, Vasilis Kikilias, will deliver keynote remarks during lunch, discussing the dynamics and challenges of global energy markets, emphasizing the shipping industry's critical role in energy transition.
- Industry Panel Discussions: The forum will feature multiple panels addressing key issues such as supply and demand fundamentals, freight rates, and asset values in the dry bulk, gas, and tanker shipping sectors, aiming to provide attendees with profound market insights and forward-looking analyses.
- Registration Information: Registration for the forum is complimentary for institutional investors and shipping companies, with details available on the official website, reflecting the forum's commitment to enhancing connections between the shipping industry and investors.
See More
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- Forum Overview: The 20th Annual Capital Link International Shipping Forum will take place on March 9, 2026, in New York City, featuring senior executives from 23 leading shipping companies, showcasing the latest trends and dynamics in the shipping market while facilitating dialogue between investors and shipping firms.
- Keynote Speakers: Joshua Volz, Special Envoy for Global Energy Integration from the U.S. Department of Energy, and Vasilis Kikilias, Minister of Maritime Affairs from Greece, will deliver keynote remarks, emphasizing the close relationship between global energy transitions and the shipping industry, likely sparking in-depth discussions on future shipping policies among attendees.
- Investor Meetings: The forum offers one-on-one meeting opportunities for shipping companies and institutional investors, with complimentary registration for both groups, aimed at enhancing capital flow and industry collaboration, thereby increasing the investment appeal of the shipping market.
- Industry Discussions: The forum will address critical topics such as geopolitics, the new energy landscape, access to capital, and technological innovation, expected to provide valuable insights for the future development of the shipping industry, helping participants seize market opportunities.
See More
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- Fleet Expansion Plan: Euroseas aims to expand its fleet from 21 to 25 vessels by 2028, with an expected capacity of approximately 79,000 TEU, a strategy that will enhance its market competitiveness and meet growing shipping demands.
- Strong Financial Performance: For the first nine months of the year, the company reported an average TCE rate of $28,735 per day, resulting in net revenues of $170 million and net income attributable to common shareholders of $85 million, demonstrating robust profitability in a high charter rate environment.
- Future Earnings Expectations: Full-year earnings are projected to exceed $16 per share, with approximately 83% of open days for 2026 already fixed at an average rate of $31,000 per day, ensuring visibility and stability in future earnings.
- Significant Cost Advantage: Euroseas has a break-even cost of $12,000 per vessel per day, with current charter yields providing an $18,000 per day margin, indicating that the company can remain profitable even under conservative scenarios, further solidifying its financial health.
See More
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- New Charter Period: The new charter period for the European Union's Emission Trading System (ETS) will commence on April 12, 2026.
- Impact on Emission Targets: This change is expected to influence emission targets and regulations within the EU, aiming for a more sustainable approach to carbon emissions.
See More
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- Regulatory and Decarbonization Focus: The report discusses regulatory updates and decarbonization efforts within the industry, highlighting their significant impact on shipping companies' capital allocation and shareholder value enhancement, reflecting the industry's commitment to sustainability.
- Global Trade Trends: By analyzing global trade trends, the report reveals how shipping companies are adjusting their strategies in a rapidly changing market environment to address future challenges and opportunities, thereby strengthening their competitive position.
- Executive Insights Sharing: The report features insights from executives of notable companies, including Capital Clean Energy Carriers Corp. and Dynagas LNG Partners LP, providing forward-looking perspectives on the future of the shipping market to aid investors in making informed decisions.
See More
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- Online Presentation Launch: Scorpio Tankers Inc. will kick off its online corporate presentation series on January 14, 2026, at 10:00 AM ET, showcasing its business development and strategy, which is expected to attract investor interest.
- Industry Participation: The event will feature senior management from multiple publicly listed maritime companies, providing in-depth analysis of industry outlook and growth potential, thereby enhancing market confidence in the maritime sector.
- Interactive Q&A Session: Each session will include a 45-minute company slide presentation followed by a live Q&A, fostering interaction with investors and improving company transparency and investor relations.
- Subsequent Event Schedule: The presentation series will continue for several weeks, covering speeches from various maritime companies, which is anticipated to provide a platform for participating companies to enhance their market visibility and investment appeal.
See More
