Euroseas Extends M/V Jonathan P Charter at $25K Daily Rate

Euroseas Ltd. has secured a new time charter contract for its 2006-built feeder containership, M/V Jonathan P, at a gross daily rate of $25,000, which is a $5,000 per day increase from the vessel's previous rate. The contract, commencing on November 17, 2025, spans 11 to 12 months at the charterer's option and is projected to contribute approximately $5.65 million in EBITDA over the minimum period. This agreement ensures 100% charter coverage of Euroseas' fleet for the remainder of 2025 and about 70% coverage into 2026, strengthening the company’s revenue stability. Euroseas operates within the Industrials sector and Transportation industry with a market capitalization of $442.12 million, demonstrating strong profitability with an EBITDA margin of 73.68% and a net margin of 53.75%. The company manages its fleet through an affiliated ship management company, providing commercial and technical operation services. This new contract reflects the company’s positive financial health and growth trajectory as it continues to expand its operations in container shipping.