6-K 1 f082525esea6k.htm Converted by EDGARwiz

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 6-K


REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934


For the month of August 2025

Commission File Number: 001-33283

 

EUROSEAS LTD.

(Translation of registrant’s name into English)

 

4 Messogiou & Evropis Street

151 24 Maroussi, Greece

(Address of principal executive office)


Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.


Form 20-F [X] Form 40-F [ ]










INFORMATION CONTAINED IN THIS FORM 6-K REPORT


Attached to this Report on Form 6-K as Exhibit 1 is a copy of the press release issued by Euroseas Ltd. (the “Company”) on August 25, 2025: Euroseas Ltd. Announces Order for the Construction of Two Additional 4,300 TEU Containerships.


This Report on Form 6-K (which includes Exhibit 1), except for the paragraph in Exhibit 1 beginning with “Aristides Pittas, Chairman and CEO of Euroseas commented:” is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-268708) filed with the U.S. Securities and Exchange Commission (the “Commission”) on December 7, 2022 and the Company’s Registration Statement on Form F-3 (File No. 333-269066) filed with the Commission on December 29, 2022.













SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


 

 

 

 

 

EUROSEAS LTD.

 

 

 

 

 

 

 

Dated: August 25, 2025

By:

/s/ Aristides J. Pittas

 

 

Name:

Aristides J. Pittas

 

 

Title:

President

 











Exhibit 1

[f082525esea6k002.gif]




Euroseas Ltd. Announces Order for the Construction of Two Additional 4,300 TEU Containerships



Maroussi, Athens, Greece – August 25, 2025 – Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it has signed a contract for the construction of two additional modern fuel-efficient 4,300 teu container vessels to be built at Jiangsu New Yangzi Shipbuilding CO., in China. The vessels are scheduled to be delivered in March and May of 2028. The total consideration for each of these two newbuilding contracts is approximately $59.25 million and will be financed with a combination of debt and equity.


Aristides Pittas, Chairman and CEO of Euroseas commented: “We are very pleased to announce the ordering of two additional 4,300 teu containership vessels, sisterships to the two we ordered in October of 2024. We are committed to growing and modernizing our fleet and believe that investing in eco intermediate-sized containerships, a segment with a low orderbook and an ageing existing fleet, represents a sound investment strategy. This ensures that we are well-positioned to capitalize on future market opportunities and continue creating long-term value for our shareholders beyond the next few years, which are already secured through our current charter arrangements.”









Fleet Profile:

The Euroseas Ltd. fleet profile is currently as follows:


Name

Type

Dwt

TEU

Year Built

Employment (*)


TCE Rate ($/day)


Container Carriers

 

 

 

 

 

 

MARCOS V(+)(***)

Intermediate

72,968

6,350

2005

TC until Oct-25

$15,000

SYNERGY BUSAN(*)

Intermediate

50,727

4,253

2009

TC until Dec-27

$35,500

SYNERGY ANTWERP(*)

Intermediate

50,727

4,253

2008

TC until May-28

$35,500

SYNERGY OAKLAND(*)

Intermediate

50,788

4,253

2009

TC until May-26

$42,000

SYNERGY KEELUNG(*)

Intermediate

50,697

4,253

2009

TC until Jun-28

$35,500

EMMANUEL P(*)

Intermediate

50,796

4,250

2005

In Drydock, passing her special survey then TC until Sep-28



$38,000

RENA P(*)

Intermediate

50,765

4,250

2007

TC until Aug-28

$35,500

EM KEA(*)

Feeder

42,165

3,100

2007

TC until May-26

$19,000

GREGOS(*)

Feeder

38,733

2,800

2023

TC until Apr-26

$48,000

TERATAKI(*)

Feeder

38,733

2,800

2023

TC until Jul-26

$48,000

TENDER SOUL(*)

Feeder

38,733

2,800

2024

TC until Oct-27

$32,000

LEONIDAS Z(*)

Feeder

38,733

2,800

2024

TC until Mar-26

$20,000

DEAR PANEL

Feeder

38,733

2,800

2025

TC until Nov-27

$32,000

SYMEON P

Feeder

38,733

2,800

2025

TC until Nov-27

$32,000

EVRIDIKI G(*)

Feeder

34,654

2,556

2001

TC until Apr-26

$29,500

EM CORFU(*)

Feeder

34,649

2,556

2001

TC until Aug-26

$28,000

STEPHANIA K(*)

Feeder

22,563

1,800

2024

TC until May-26

$22,000

MONICA(*)

Feeder

22,563

1,800

2024

TC until May-27

$23,500

PEPI STAR(*)

Feeder

22,563

1,800

2024

TC until Jun-26

$24,250

EM SPETSES(*)

Feeder

23,224

1,740

2007

TC until Feb-26

$18,100

JONATHAN P(*)

Feeder

23,732

1,740

2006

TC until Nov-25

$20,000

EM HYDRA(*)

Feeder

23,351

1,740

2005

TC until May-27

$19,000


Total Container Carriers on the Water

22

859,330

67,494

 

 

 


Vessels under construction

Type

Dwt

TEU

To be delivered

Employment

TCE Rate ($/day)

ELENA (H1711)

Intermediate

55,200

4,300

Q4 2027

 

 

NIKITAS G (H1712)

Intermediate

55,200

4,300

Q4 2027

 

 

YZJ2024-1768

Intermediate

55,200

4,300

Q1 2028

 

 

YZJ2024-1769

Intermediate

55,200

4,300

Q2 2028

 

 

Total under construction

4

220,800

17,200

 

 

 


Notes:  

(*)TC denotes time charter. Charter duration indicates the earliest redelivery date; all dates listed are the earliest redelivery dates under each TC unless the contract rate is lower than the current market rate in which cases the latest redelivery date is assumed; vessels with the latest redelivery date shown are marked by (+).

(**) Rate is net of commissions (which are typically 5-6.25%)

(***) The vessel is sold and is expected to be delivered to its new owners in the fourth quarter of 2025


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 150 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 with a cargo capacity of 67,494 teu. After the sale of M/V Marcos V and the delivery of the four intermediate containership newbuildings in 2027 and 2028, Euroseas’ fleet will consist of 25 vessels with a total carrying capacity of 78,344 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 expected vessel acquisitions and entering into further 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 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


Company Contact

Investor Relations / Financial Media

Tasos Aslidis

Chief Financial Officer

Euroseas Ltd.

11 Canterbury Lane,

Watchung, NJ 07069

Tel. (908) 301-9091

E-mail: aha@euroseas.gr

Nicolas Bornozis

Markella Kara

Capital Link, Inc.

230 Park Avenue, Suite 1540

New York, NY 10169

Tel. (212) 661-7566

E-mail: euroseas@capitallink.com