Euroseas Secures $62,500 Daily Charter for EM Corfu and Sells Sister Vessel

Key Facts

1Euroseas signed a new time charter for M/V EM Corfu at a gross daily rate of $62,500 for a period of 12 to 14 months.

2The new charter is expected to commence in mid-December 2026 following the vessel's scheduled dry-docking.

Euroseas signed a new time charter for the M/V EM Corfu at a gross daily rate of $62,500 for a period of 12 to 14 months. GlobeNewswire reported that the new charter is expected to commence in mid-December 2026 following the vessel's scheduled dry-docking. Additionally, the company announced it has agreed to sell the sister vessel, M/V Evridiki G, a 2001-built container ship, for approximately $26 million.

The company is leveraging these transactions to secure high-rate revenue streams and optimize its fleet under current market conditions. ESEA closed at $66.17 on October 16, 2026, with the stock trading between a low of $66.01 and a high of $67.8 during that session. Following the sale of M/V Evridiki G, the company's fleet will consist of 20 vessels with a total carrying capacity of 58,588 teu.