Euroseas Ltd. Takes Delivery of its 11th Vessel

Monday, June 18, 2007
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it took delivery of the M/V Clan Gladiator, a Handysize container ship of 30,007 dwt and 1,742 teu built in 1992 in Germany, which it had previously agreed to acquire.. The M/V Clan Gladiator, was acquired for approximately $25.7 million; it is employed under a period charter contract at a rate of $19,000 per day till April 2008.

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