Core Viewpoint - Euroseas Ltd. has secured a new time charter contract for its feeder containership EM Spetses, which will commence on April 12, 2026, at a gross daily rate of $21,500, reflecting a significant increase from its current rate [1][2]. Group 1: Charter Contract Details - The new charter contract for EM Spetses is for a minimum of 22 months and a maximum of 24 months, depending on the charterer's option [1]. - The daily rate of $21,500 represents an increase of over $3,000 compared to the vessel's current rate [1][2]. - The charter is expected to generate approximately $8.9 million in EBITDA over the minimum contracted period [2]. Group 2: Fleet Profile and Operations - Euroseas operates a fleet of 21 vessels, including 15 feeder containerships and 6 intermediate containerships, with a total cargo capacity of 61,144 TEU [8]. - The company anticipates that after the delivery of four new intermediate containerships in 2027 and 2028, its fleet will expand to 25 vessels with a total capacity of 79,080 TEU [8]. - Euroseas' operations are managed by Eurobulk Ltd., which handles the commercial and technical management of the vessels [7]. Group 3: Market Context - The chartering market for container vessels is currently tight, with limited tonnage availability, leading to strong demand in the feeder segment [2]. - The company has increased its charter coverage for 2026, 2027, and 2028 to approximately 87%, 71%, and 41%, respectively [2].