ESEA adds charter backlog

News item from late Feb 2024 - ESEA secured a 23 - 25 charter for its next scheduled-for-delivery newbuild

https://seekingalpha.com/news/4073563-euroseas-announces-two-year-time-charter-contract-for-mv-leonidas-z

Obtaining a charter is good. But, I would have expected a newbuild feeder class vessel to be able to secure a charter. The rate of $20k daily - meh! I mean, sure $9M in EBITDA over 23 months should allow the company to obtain some type of financing.

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