EUROSEAS LTD.

The company operates a fleet of containerships that transport container boxes, providing scheduled service between ports. The business strategy focuses on selecting and structuring investments in containership vessels and operating them reliably, safely, and competitively through its affiliate, Eurobulk. The company has a continuous ship-owning and management history dating back to the 19th century. During 2023, 2024, and 2025, the fleet utilization was 98.6%, 99.7%, and 99.7%, respectively. The vessels achieved daily time charter equivalent (TCE) rates of $29,714, $28,054, and $29,107, respectively. Time charter and voyage charter revenues totaled $195.8 million in 2023, $219.4 million in 2024, and $234.44 million in 2025. As of April 15, 2026, the fleet consists of 15 container carriers. The fleet includes Intermediate vessels such as SYNERGY BUSAN (50,727 Dwt, 4,253 TEU, built 2009), SYNERGY ANTWERP (50,727 Dwt, 4,253 TEU, built 2008), SYNERGY OAKLAND (50,788 Dwt, 4,253 TEU, built 2009), SYNERGY KEELUNG (50,697 Dwt, 4,253 TEU, built 2009), EMMANUEL P (50,796 Dwt, 4,250 TEU, built 2005), and RENA P (50,765 Dwt, 4,250 TEU, built 2007). The fleet also includes Feeder vessels such as EM KEA (42,165 Dwt, 3,100 TEU, built 2007), GREGOS (38,733 Dwt, 2,800 TEU, built 2023), TERATAKI (38,733 Dwt, 2,800 TEU, built 2023), TENDER SOUL (38,733 Dwt, 2,800 TEU, built 2024), LEONIDAS Z (38,733 Dwt, 2,800 TEU, built 2024), DEAR PANEL (38,733 Dwt, 2,800 TEU, built 2025), SYMEON P (38,733 Dwt, 2,800 TEU, built 2025), EVRIDIKI G (34,654 Dwt, 2,556 TEU, built 2001), and EM CORFU (34,649 Dwt).