Euroseas Announces 2-Year Charter Contract For EM Spetses For Minimum Period Of 22 To Maximum Period Of 24 Months At $21,500 Gross Daily Rate

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 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.