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Earnings ·

Euroseas reports $65.7M H1 net income as TCE rates rise to $30,330 per day

ESEAEuroseas Ltd.

Euroseas Ltd. reported a net income attributable to controlling shareholders of $65.7 million for the six months ended June 30, 2026, compared to $66.8 million in the prior year period. The company generated $75.2 million in operating cash flow while maintaining an average time charter equivalent (TCE) rate of $30,330 per day, up from $28,468 in H1 2025. Fleet utilization reached 100% with an average of 21 vessels, down from 22.83 in the previous year. The firm operates in the maritime shipping industry, owning and operating a fleet of containerships.

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