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Euroseas Ltd. Says Container Shipping Rates Declined by almost 80% in Two Months

November 16, 2022

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Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced its results for the three and nine-month periods ended September 30, 2022.

Third Quarter 2022 Financial Highlights:

  • Total net revenues of $46.0 million. Net income and net income attributable to common shareholders of $25.2 million or $3.50 earnings per share basic and diluted. Adjusted net income attributable to common shareholders1 for the period was $20.9 million or $2.90 per share basic and diluted.

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