The Liberian-flagged MV Eleni P was headed to India when pirates seized it 250 nautical miles off the coast of Oman Wednesday morning May 12.
1339 9128025 ELENI P A8SI2 Bulker 72119 1997 Liberia
Registered Owner 1 : ELENI SHIPPING LIMITED
Management Company 1 : EUROBULK LTD.
Euroseas' operations are managed by Eurobulk Ltd., an ISO 9001:2000 certified affiliated ship management company
Ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 135 years.
Aristides Pittas, Chairman and CEO of Euroseas- in foto with professor Harilaos Psaraftis- commented: We are happy to pay a dividend of $0.29 per share which is $0.05 per share or 21% above our target minimum dividend of $0.24.
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and a provider of seaborne transportation for drybulk and containerized cargoes, announced today that it has declared a dividend of $0.29 per common share for the third quarter of 2007. The dividend is payable on November 28, 2007 to all shareholders of record as of November 5, 2007. This dividend marks an increase of 16% from the prior quarter's dividend of $0.25 per share.
Aristides Pittas, Chairman and CEO of Euroseas commented: We are happy to pay a dividend of $0.29 per share which is $0.05 per share or 21% above our target minimum dividend of $0.24. This dividend continues our policy of paying significant dividends out of earnings and reflects the further strengthening of the dry markets, the prime driver of our growth. Our focus remains to continue investing on accretive acquisitions to further enhance our returns.
About Euroseas Ltd.
Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 135 years. Euroseas trades on the NASDAQ Global Market under the ticker ESEA since January 31, 2007.
Euroseas operates in the dry cargo, drybulk and container shipping markets. Euroseas' operations are managed by Eurobulk Ltd., an ISO 9001:2000 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements.
After the delivery to its fleet of the recently acquired panamax drybulk carrier, M/V Trust Jakarta (to be renamed M/V Ioanna P), the Company will have a fleet of 15 vessels, including 3 Panamax drybulk carriers, 2 Handysize drybulk carriers, 2 Intermediate container ship, 5 Handysize container ships, 2 Feeder container ships and a multipurpose dry cargo vessel.
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