Euroseas Ltd. announced a time charter contract extension for its feeder containership, M/V Jonathan P, for a minimum of 24 to a maximum of 26 months at a gross daily rate of $26,000. The new period commences approximately at the end of November 2026 following a scheduled dry-dock and is expected to generate approximately $12.7 million in EBITDA over the minimum contracted term. This extension increases charter coverage for 2026, 2027, and 2028 to about 97%, 86%, and 50%, respectively. Euroseas Ltd. operates in the container shipping market as an owner and operator of container carrier vessels providing seaborne transportation.
