Company Overview - EuroHoldings Ltd was spun off from Euroseas Ltd on March 17, 2025[10] - Marla Investments Inc acquired 51.04% of EuroHoldings' outstanding common shares from the Pittas family on June 23, 2025[10] - The company decided to focus on the tanker sector starting August 12, 2025[10] Financial Performance (Q3 2025) - Net revenues were $2.96 million[12] - Net income was $1.54 million, or $0.55 per share[12] - Adjusted EBITDA was $1.44 million[12] Fleet Expansion - EuroHoldings acquired its first MR product tanker for $31.83 million on November 5, 2025[17] - The fleet consists of 2 containerships with a total capacity of 3,171 TEU and 1 product tanker with a capacity of 49,997 DWT[18] Containership Market - The containership markets, especially for feeder vessels, have remained strong[23] - 20% of Feeders small size(1,000-1,999 TEU) are 20 years+/ Fleet[25] - The average 6-12 month TC rate for 1,700 TEU geared vessels was $28,750/day as of November 14, 2025[29] Product Tanker Market - One-year TC rates for MR tankers reached $23,750/day in early November 2025, matching the 2020-2025 average[50] - Almost 46% of the MR product fleet is over 15 years of age[50] - The orderbook represents 14.1% of the existing fleet[41] Financial Position - Cash & Other assets: $17.5 million[63] - Vessels book value: $3.6 million[63] - Net Asset Value around $30.2 million, or around $10.73/share[63]