Year TCERate
Name Type Dwt TEU Built Employment ($/day)
============ ======= ====== ===== =========== ===========
Drybulk Vessels
============ ======= ====== ===== =========== ===========
TC 'til
Jan-10
Then until $ 25,200
PANTELIS Panamax 74,020 2000 Nov-11 $ 17,500
============ ======= ====== ===== =========== ===========
TC 'til
ELENI P Panamax 72,119 1997 May-10 $ 15,350
============ ======= ====== ===== =========== ===========
Baumarine
IRINI (*) Panamax 69,734 1988 Pool
============ ======= ====== ===== =========== ===========
TC 'til
Feb-10 Then
until $ 12,350
ARISTIDES N.P. Panamax 69,268 1993 Feb-12 $ 18,900
============ ======= ====== ===== =========== ===========
Bulkhandling
MONICA P (**) Handymax 46,667 1998 Pool
============ ======= ====== ===== =========== ===========
Total Drybulk
Vessels 5 331.808
============ ======= ====== ===== =========== ===========
Multipurpose
Dry Cargo
Vessels
============ ======= ====== ===== =========== ===========
TASMAN TRADER $ 9,500 'til
Dec-10,
============ ======= ====== ===== =========== ===========
TC 'til $ 9,000
1 22,568 950 1990 Mar-12 'til Mar-12
============ ======= ====== ===== =========== ===========
Container
Carriers
============ ======= ====== ===== =========== ===========
TC 'til $ 16,800
Aug-11 'til Aug-11
(3 annual $ 18,735
options 'til Aug-12
'til $ 19,240
Aug-14) 'til Aug-13
$ 19,750
MAERSK NOUMEA Intermediate 34,677 2,556 2001 'til Aug-14
============ ======= ====== ===== =========== ===========
============ ======= ====== ===== =========== ===========
TC 'til
TIGER BRIDGE Intermediate 31,627 2,228 1990 Mar-10 $ 7,500
============ ======= ====== ===== =========== ===========
============ ======= ====== ===== =========== ===========
DESPINA P Handy size 33,667 1,932 1990 Laid-up
============ ======= ====== ===== =========== ===========
============ ======= ====== ===== =========== ===========
JONATHAN P
(ex-OEL
INTEGRITY) Handy size 33,667 1,932 1990 Laid-up
============ ======= ====== ===== =========== ===========
TC til
Dec-09
CAPTAIN COSTAS (2 monthly
(ex-OEL options til
TRANSWORLD) Handy size 30,007 1,742 1992 Feb-10) $ 4,000
============ ======= ====== ===== =========== ===========
TC 'til $ 3,750
YM PORT KELANG Nov-10 'til Nov-10
(ex-MASTRO (option
NICOS, ex-YM 'til ($ 5,900
XINGANG I) Handy size 23,596 1,599 1993 Nov-11) 'til Nov11)
============ ======= ====== ===== =========== ===========
TC 'til $ 3,850
Jan-10 'til Jan-10
(option til $ 4,000
Jun-10) 'til Jun-10
CONTEX less
(option til 10% 'til
MANOLIS P Handy size 20,346 1,452 1995 Jun-11) Jun-11
============ ======= ====== ===== =========== ===========
NINOS
(ex-YM QINGDAO TC 'til
I) Feeder 18,253 1,169 1990 Jan-10 $ 3,900
============ ======= ====== ===== =========== ===========
TC 'til Mar-10
(option 'til
Dec-10)
(option 'til $ 3,850
'til Dec-10 ($ 5,300
KUO HSIUNG Feeder 18,154 1,169 1993 Jun-11) 'til Jun-11)
============ ======= ====== ===== =========== ===========
Total Container
Carriers 9 243,994 15,779
============ ======= ====== ===== =========== ===========
Fleet Grand
Total 15 598,370 16,729
============ ======= ====== ===== =========== ===========
Note: TC denotes time charter. All dates listed are the earliest redelivery
dates under each TC. All extension option are in favour of the charterers.
(*) "Irini" is employed in the Baumarine spot pool that is managed by
Klaveness, a major global charterer in the drybulk market.
(**) "Monica P" is employed in the Bulkhandling spot pool that is also
managed by Klaveness.
About Euroseas Ltd.
Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of
the Marshall Islands to consolidate the ship owning interests of the Pittas
family of Athens, Greece, which has been in the shipping business over the
past 136 years. Euroseas trades on the NASDAQ Global Select Market under
the ticker ESEA.
Euroseas operates in the dry cargo, drybulk and container shipping markets.
Euroseas' operations are managed by Eurobulk Ltd., an ISO 9001:2000
certified affiliated ship management company, which is responsible for the
day-to-day commercial and technical management and operations of the
vessels. Euroseas employs its vessels on spot and period charters and
through pool arrangements.
The Company has a fleet of 15 vessels, including 4 Panamax drybulk carriers
and 1 Handymax drybulk carrier, 2 Intermediate containership, 5 Handysize
containerships, 2 Feeder containerships and a multipurpose dry cargo
vessel. Euroseas` 5 drybulk carriers have a total cargo capacity of 331,808
dwt, its 9 containerships have a cargo capacity of 15,779 teu and its
multipurpose vessel has a cargo capacity of 22,568 dwt or 950 teu.
Forward-Looking Statement
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and the Company's growth strategy and measures to implement such strategy;
including our expected joint venture and vessel acquisitions and time
charters. Words such as "expects," "intends," "plans," "believes,"
"anticipates," "hopes," "estimates," and variations of such words and
similar expressions are intended to identify forward-looking statements.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be given that
such expectations will prove to have been correct. These statements involve
known and unknown risks and are based upon a number of assumptions and
estimates that are inherently subject to significant uncertainties and
contingencies, many of which are beyond the control of the Company. Actual
results may differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results to
differ materially include, but are not limited to changes in the demand for
drybulk vessels and containerships, competitive factors in the market in
which the Company operates; risks associated with operations outside the
United States; and other factors listed from time to time in the Company's
filings with the Securities and Exchange Commission. The Company expressly
disclaims any obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to reflect any
change in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is based.
Visit our website www.euroseas.gr
Contact Information: Company Contact Tasos Aslidis Chief Financial Officer Euroseas Ltd. 11 Canterbury Lane, Watchung, NJ 07069 Tel. (908) 301-9091 E-mail: aha@euroseas.gr Investor Relations / Financial Media Nicolas Bornozis President Capital Link, Inc. 230 Park Avenue, Suite 1536 New York, NY 10169 Tel. (212) 661-7566 E-mail: nbornozis@capitallink.com