Euroseas Ltd. - Strong Q2 & Dividend Boost - Bullish on Feeder/Intermediate Segments
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Podcast Summary
Euroseas Ltd. - Strong Q2 & Dividend Boost - Bullish on Feeder/Intermediate Segments
Wednesday, August 13, 2025
Featuring:
- Mr. Aristides Pittas, Chairman & CEO at Euroseas Ltd. (NASDAQ: ESEA)
- Mr. Nicolas Bornozis, President at Capital Link
In this Capital Link Trending News webinar discussion, Euroseas Ltd.'s Chairman and CEO Aristides Pittas reported strong Q2 profits of $30 million and announced a dividend increase to $0.70 per share, expressing confidence in container shipping market conditions despite potential risks from economic slowdowns and the eventual reopening of the Suez Canal. The company aims to maintain a stable dividend yield above 5% while reserving capital for growth opportunities, having secured longer-term charters of 2-4 years to ensure steady profits. Mr. Pittas also highlighted the company's ESG initiatives focusing on fleet modernization with more fuel-efficient ships and mentioned his involvement with HELMEPA to protect seas and educate Greek schools.
About ESEA - 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 140 years. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA. Euroseas operates in the container shipping market. Euroseas' operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 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 22 vessels, including 15 Feeder containerships and 7 Intermediate containerships. Euroseas 22 containerships have a cargo capacity of 67,494 teu. After the delivery of two feeder containership newbuildings in the fourth quarter of 2027, Euroseas’ fleet will consist of 24 vessels with a total carrying capacity of 76,094 teu. For more information visit: www.euroseas.gr
Capital Link Trending News Webinar Series This Webinar Series features interviews and discussions with senior management elaborating on recent company news and announcements, and market trends. For more episodes please visit here: https://capitallinkshipping.com/trending-news/