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Euroseas extends EM Kea charter 3 years at USD 30,000/day

PUBT·04/23/2026 20:51:24
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Euroseas extends EM Kea charter 3 years at USD 30,000/day
  • Euroseas extended time-charter contract for 2007-built feeder containership EM Kea for 36-38 months at gross daily rate of USD 30,000.
  • New charter starts July 14, 2026 in direct continuation of current contract.
  • Rate implies about 60% increase versus current USD 19,000 per day.
  • Minimum term expected to generate about USD 22.5 million of EBITDA.
  • Deal lifts charter coverage to about 91% for 2026, 76% for 2027, 44% for 2028.


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: 0001317861-26-000017), on April 23, 2026, and is solely responsible for the information contained therein.