Euroseas is a Marshall Islands-based owner and operator of containerships, focused on the feeder (roughly 500–3,000 TEU) and intermediate (roughly 3,000–8,000 TEU) segments. Feeder vessels shuttle containers between smaller regional ports and major hub ports, while intermediate vessels serve mid-range routes and regional trades. As of April 2026, Euroseas operates 21 vessels with combined capacity of ~61,144 TEU, with six newbuildings on order that will bring the fleet to 27 vessels at ~84,676 TEU upon delivery through 2028. Euroseas charters its vessels to major liner companies on time charter contracts — fixed-rate agreements where the liner company pays a daily hire rate and covers fuel and port costs, while Euroseas covers vessel operating expenses. Euroseas does not operate liner routes itself. Key customers include OOCL, Maersk, ASYAD, CMA, and ZIM, which together accounted for ~87% of revenue in 2025. Earnings are driven by daily charter rates, fleet size, and utilization. Fleet management is outsourced to affiliated manager Eurobulk, allowing Euroseas to operate as a lean holding company. Euroseas grows primarily through newbuilding orders and vessel acquisitions funded by bank debt and internal cash flow, with a preference for new vessels given their fuel efficiency and compliance with tightening environmental standards. Euroseas also recycles capital by selling older vessels when prices are favorable, and in early 2025 spun off its three oldest vessels into a separate entity, Euroholdings.