Euroseas Announces It Secured A New Time Charter Contract For Its 4,250 teu Intermediate Containership, M/V Emmanuel P Built In 2005, For A Minimum Period Of 36 To A Maximum Period Of 38 Months, At The Option Of The Charterer, At A Gross Daily Rate Of $38,000

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 secured a new time charter contract for its 4,250 teu intermediate containership, M/V Emmanuel P built in 2005, for a minimum period of 36 to a maximum period of 38 months, at the option of the charterer, at a gross daily rate of $38,000. The new charter period is expected to commence upon delivery of the vessel from the shipyard, following the completion of her scheduled drydock and the installation of energy saving devices, both of which are expected in the first half of September of 2025.