Euroseas Ltd., an owner and operator of container carrier vessels, has announced a 1-year charter contract extension for its 2006-built 1,740 teu feeder containership, M/V Jonathan P. The new time charter contract is set for a minimum period of 11 months to a maximum of 12 months at the discretion of the charterer, with a gross daily rate of $25,000. This represents a $5,000 per day increase over the vessel's current rate. Scheduled to commence on November 17, 2025, the contract is expected to contribute approximately $5.65 million of EBITDA over the minimum contracted period. This extension will ensure that Euroseas has 100% charter coverage for its fleet for the remainder of 2025 and about 70% coverage in 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Euroseas Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001317861-25-000050), on September 15, 2025, and is solely responsible for the information contained therein.