Euroseas Ltd. announces 2021 Environmental, Social and Governance (ESG) Report

Euromers

ATHENS, Greece, June 27, 2022 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA), owner and operator of container ships and provider of containerized cargo shipping, today announced the release of its 2021 Environmental, Social and Governance (ESG) Report which was prepared in accordance the United Nations Sustainable Development Goals (UN SDGs) and the Sustainability Accounting Standards Board (SASB), including the Global Reporting Initiative (GRI) and NASDAQ’s ESG reporting guidelines.

To download a copy of the report, please visit the Company’s website:
http://www.euroseas.gr/company/sustainability.html

The report highlights priorities and objectives and provides detailed information on the company’s activities, including corporate governance, operational excellence and how it measures and manages its impact on the environment, its employees and society.

Aristides Pittas, Chairman and CEO, said: “This second annual ESG Report further demonstrates our commitment to decarbonizing the industry and reflects our vision for sustainability as well as our future plans for digital innovation, fleet renewal and expansion using efficient technologies and low-emission fuels. Sustainability remains at the heart of our business operations, and we continue to work on initiatives that drive growth and create lasting value for the maritime industry, seafarers and communities.

About Euromers ltd.
Euroseas Ltd. was established on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the vessel ownership interests of the Pittas family of Athens, Greece, who have been in the maritime business for the past 140 years.

Euroseas trades on the NASDAQ Capital Market under the symbol ESEA. Euroseas operates in the container shipping market. Euroseas’ operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the ships. Euroseas employs its vessels on one-time and periodic charters and through pooling arrangements.

The Company has a fleet of 18 vessels, including 10 Feeder container ships and 8 Intermediate container ships. Euroseas 18 container ships have a cargo capacity of 58,871 TEUs. After the delivery of nine new builds of feeder container ships in 2023 and 2024, the Euroseas fleet will consist of 27 vessels with a total carrying capacity of 81,071 TEU.

Forward-looking statement
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) regarding future events and the growth strategy of the Company and the measures to implement such strategy; including planned vessel acquisitions and the conclusion of other time charters. Words such as “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct. These statements involve known and unknown risks and are based on a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in demand for container ships; competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances about which any statement is based.

Visit the company’s website www.euroseas.gr

Company Contact

Investor Reports / Financial Media

Tasos Aslidis

Nicolas Bornozis

Financial director

Markella Kara

Euroseas Ltd.

Capital Link, Inc.

11 Canterbury Lane

230 Park Avenue, Suite 1540

Watchung, New Jersey 07069

New York, NY 10169

Such. (908) 301-9091

Tel: (212)661-7566

E-mail: [email protected]

E-mail: [email protected]

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