We define operational off-hire days as days associated with unscheduled repairs or other off-hire time related to the operation of the vessels. As mentioned above, usually, security analysts do not include the above items in their published estimates of earnings per share.Fleet Profile: The Euroseas Ltd. fleet profile is as follows:Name TypeDwtTEUYear BuiltEmployment(*)  TCE Rate ($/day) Container Carriers       AKINADA BRIDGEIntermediate71,3665,6102001TC until Oct-20$16,000 SYNERGY BUSANIntermediate50,7264,2532009TC until Oct-20 plus 4-6 months option$8,100; option $12,000 SYNERGY ANTWERPIntermediate50,7264,2532008TC until Dec-20$8,000 SYNERGY OAKLANDIntermediate50,7874,2532009TC until Aug-20 plus 8-12 months extension option$10,000 until Oct-20; option CONTEX(**) 4250 less 10% SYNERGY KEELUNGIntermediate50,9694,2532009TC until Dec-20/Jun-22 plus 8- 12 months option$10,000 until Jun-21; $11,750 until Jun-22; option $14,500 EM KEAFeeder42,1653,1002007TC until Oct-20$8,100 EM ASTORIAFeeder35,6002,7882004TC until Sep-20$8,500 EVRIDIKI GFeeder34,6772,5562001TC until Sep-20$10,250 EM CORFUFeeder34,6542,5562001TC until Sep-21$10,200 EM ATHENSFeeder32,3502,5062000TC until Oct-20$9,250 DIAMANTIS PFeeder30,3602,0081998TC until Aug- 21$6,500 EM SPETSESFeeder23,224  1,7402007TC until Aug-20 plus 5-7 months option$7,000; option $8,100 EM HYDRAFeeder23,3511,7402005TC until Aug-20$7,000 JOANNAFeeder22,3011,7321999TC until Feb-21$8,050 AEGEAN EXPRESSFeeder18,5811,4391997TC until Aug-20$5,900 NINOSFeeder18,2531,1691990TC until Aug-20$6,500 Total Container Carriers16590,09045,956    Note:  (*)    Represents the earliest redelivery date (**)   The CONTEX (Container Ship Time Charter Assessment Index) has been published by the Hamburg and Bremen Shipbrokers’ Association (VHBS) since October 2007. On average, 19.0 vessels were owned and operated during the second quarter of 2020 earning an average time charter equivalent rate of $9,458 per day compared to 11.0 vessels in the same period of 2019 earning on average $8,307 per day.Interest and other financing costs for the second quarter of 2020 amounted to $1.1 million compared to $0.8 million for the same period of 2019. ATHENS, Greece, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its container vessel, C/V “Akinada Bridge”, with capacity of about 5,600 teu and built in 2001, has extended her time charter contract for a minimum duration of twelve months and maximum duration of thirteen months and an additional ten to twelve months in charterers option, at a daily rate of $17,250 and $20,000 respectively. Adjusted EBITDA for the second quarter of 2020 was $4.4 million compared to $1.6 million achieved during the second quarter of 2019.Basic and diluted earnings per share attributable to common shareholders for the second quarter of 2020 was $0.20 calculated on 5,576,960 basic and diluted weighted average number of shares outstanding, compared to basic and diluted loss per share of $1.12 for the second quarter of 2019, calculated on 1,542,508 basic and diluted weighted average number of shares outstanding.

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