Euroseas ( (ESEA) ) has shared an update.
On January 16, 2025, Euroseas Ltd. announced the sale of its 1998-built 2,008 teu feeder containership, M/V Diamantis P, for approximately $13.15 million. The sale aligns with Euroseas’ strategy to consolidate older vessels and maximize value, with a reported gain on sale of about $10.2 million. The transaction is part of a broader plan to spin-off subsidiaries owning older vessels, with proceeds used to advance Euroholdings Ltd.’s strategy.
More about Euroseas
Euroseas Ltd. is a company engaged in the ownership and operation of container carrier vessels, providing seaborne transportation for containerized cargoes.
YTD Price Performance: -9.61%
Average Trading Volume: 42,811
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $236.8M
For detailed information about ESEA stock, go to TipRanks’ Stock Analysis page.