- Euroseas Ltd. (ESEA) operates **22 container vessels** in the feeder sector and has **four new vessels under construction** for delivery in late 2027 and early 2028, expanding its fleet to 25 units after one planned sale.  **[0001341170_2174137_1]** 
- For the first half of 2025, the company generated **$114 million in net revenue** and **$76 million in EBITDA**, with average charter rates of **$28,500 per day**.  **[0001341170_2174137_4]** 
- The company has high earnings visibility, with **100% of its fleet employed for 2025** and **70% for 2026** at average contracted rates exceeding **$30,000 per day**, projecting **earnings per share north of $15 for 2025**.  **[0001341170_2174137_4]** 
- Euroseas pays a quarterly dividend of **$0.70 per share**, yielding approximately **5%** annually, and its estimated Net Asset Value (NAV) per share of **$80** suggests a **30% discount** to its recent share price.  **[0001341170_2174137_4]** **[0001341170_2174137_5]** 
- The company's strategy focuses on the feeder sector, which is characterized by a **low order book** and a **high proportion of older vessels** (over 20 years), indicating potentially favorable supply-demand dynamics compared to the broader container ship market.  **[0001341170_2174137_3]**

Company not found (2LE1)