Euroseas Ltd. Takes delivery of its 10th Vessel

Euroseas Ltd. an owner and operator of drybulk carriers, container ship and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that it took delivery of M/V Manolis P (ex M/V Bitre Ritscher), a Handysize containership of 20,346 dwt and 1,452 teu, built in 1995 in Germany, which it had previously agreed to acquire, on April 12, 2007. The M/V Manolis P was acquired for approximately $19.15 million and has been secured under a one-year period charter until March 2008 at $13,450 per day.