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Euroseas Ltd. Message Board

  • phoeniz phoeniz Jun 18, 2013 11:45 AM Flag

    Further future drop in earnings

    Wow, the new ship is worth only 2 million more than the ship they just sold for scrap. If we look at the chart, there are some updates on the rates. The feeders were both renewed at $1000 a day more, but there was a sharp dropoff for Noumea rates to $8000 a day. That all means we'll be looking at yet lower earnings for 3rd quarter.

1.96-0.09(-4.35%)Jun 24 3:15 PMEDT