EUROSEAS, a US-listed owner of small and medium-sized container ships, saw profitability decline for a second consecutive quarter, weighed down by dry dock costs. The Athens-based company, led by Aristides Pittas, posted net income US$20m in the first quarter, down 30 per cent year on year and its lowest reading since the fourth quarter of 2021. Total net revenues totalled $46.7 million. An average of 19.6 vessels were owned and operated during the first quarter of 2024 earning an average time...
https://www.seanews.com.tr/higher-dry-dock-costs-drag-down-euroseas-q1-profits/200439/