Euroseas Ltd. CEO Interview on Fleet Renewal, Business Strategy & Sector Outlook

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May 02, 2023

NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- The Chairman and CEO of Euroseas Ltd. (ESEA, Financial), Aristides Pittas discussed with Anna Wichmann of Capital Link TV on the occasion of the recently announced delivery of the first newbuilding vessel, the M/V Gregos. During the interview, the CEO outlined Euroseas’ newbuilding program, fleet renewal and business strategy as well as the container sector outlook.

Interview Highlights

  • Technological and operational advantages of the newbuilding program – fleet optimization
  • The new financing framework of sustainable linked loans
  • Euroseas’ balanced chartering strategy aimed to provide staggered charter expirations and steady cash flows
  • Global economy outlook and container sector prospects

The full interview can be accessed on the Capital Link TV page linked below:

About Euroseas Ltd.
Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 140 years. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA. Euroseas operates in the container shipping market. Euroseas' operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements. The Company has a fleet of 18 vessels, including 11 Feeder and 7 Intermediate containerships. Euroseas 18 containerships have a cargo capacity of 56,061 teu. On a fully-delivered basis of its vessels under construction, the Company’s fleet will increase to 26 containerships with a cargo capacity of about 75,461 teu.

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