09:38 AM EDT, 09/12/2025 (MT Newswires) -- Euroseas ( ESEA ) said Friday that it signed a new time charter contract for its 2006-built M/V Jonathan P feeder containership, extending the current charter for 11 months to 12 months at the charterer's option.

The company said the new agreement has gross daily rate of $25,000, a $5,000 increase to the current charter's rate.

According to Euroseas ( ESEA ), the new charter period starts Nov. 17 and is expected to contribute about $5.7 million in earnings before interest, taxes, depreciation, and amortization over the minimum contracted period.

Price: 62.89, Change: -0.21, Percent Change: -0.33