Key Developments For Euroseas Ltd.
Euroseas Ltd. (ESEA.O) (Nasdaq)
Euroseas Ltd. Declares Quarterly Dividend
Euroseas Ltd. announced that it has declared a quarterly dividend of $0.05 per share for the third quarter of 2009 payable on December 18, 2009 to shareholders of record on December 11, 2009.
Euroseas Ltd. Declares Quarterly Dividend
Euroseas Ltd. announced that its Board of Directors has declared a dividend of $0.10 per common share for the second quarter of 2009. The dividend is payable on September 4, 2009 to all the shareholders of record as of August 27, 2009.
Euroseas Ltd. Announces Signing of Memorandum of Agreement To Purchase Panamax Drybulk Carrier
Euroseas Ltd. announced that it has signed a memorandum of agreement to purchase a Panamax drybulk carrier of 74,020 dwt, built in 2000 in Japan, for approximately $27.5 million. The vessel comes with a time charter back to the seller until January 2010 at a gross daily rate of $25,200 per day and is expected to be delivered to the Company between July 1, 2009 and August 5, 2009.
Premuda S.p.A. Announces Creation of the New Company Four Jolly SpA; Announces Disposal of Vessel Four Coal to Euroseas Ltd. Subsidiary
Premuda S.p.A. announced that it has defined an agreement for the sale of the motor vessel Four Coal to Alcinoe Shipping Limited, company of the Euroseas Ltd. group, with delivery within half of August 2009, at a price of USD 27.5 million. Premuda S.p.A. also announced that it has sold for demolition the motorvessel Four Etoils, at a price of USD 2.8 million and it has concluded the acquisition of the unit Suezmax Tanker Four Smile; it has concluded the acquisition of unit Panamaz Tanker Four Schooner. Premuda S.p.A. also announced that it has created the company Four Jolly SpA, participated in the same proportion with Ignazio Messina & C. SpA, destined to operate the new units Aframax Product Tanker in construction. The first of the new units is scheduled to be operative within the month of July 2009.
Euroseas Ltd. Declares Quarterly Dividend of $0.10 per Common Share
Euroseas Ltd. announced that its Board of Directors has declared a dividend of $0.10 per common share for the first quarter of 2009. The dividend is payable on June 17, 2009 to all shareholders of record as of June 5, 2009.
