May 4 (Reuters) - Euroseas Ltd:
* EUROSEAS LTD. ANNOUNCES TIME CHARTER CONTRACT AND FINANCING FOR ITS NEWBUILDING KAMSARMAX M/V EKATERINI AND SETS DATE FOR THE RELEASE OF FIRST QUARTER 2018 RESULTS, CONFERENCE CALL AND WEBCAST
* EUROSEAS LTD - UNIT OF CO ENTERED INTO A TIME CHARTER CONTRACT FOR ITS NEWBUILDING VESSEL, M/V EKATERINI
* EUROSEAS - M/V EKATERINI IS CHARTERED TO A EUROPEAN CHARTERER FOR ABOUT 2 YEARS AT GROSS DAILY RATE OF $13,000
* EUROSEAS LTD - SECURED A BANK LOAN OF ABOUT $18.4 MILLION TO FINANCE ACQUISITION OF THE VESSEL
* EUROSEAS LTD - CHARTER WILL COMMENCE UPON DELIVERY OF VESSEL AND IS EXPECTED TO CONTRIBUTE ABOUT $9.0 MILLION OF NET REVENUES TO CO DURING CONTRACT PERIOD
* EUROSEAS LTD - M/V EKATERINI IS SCHEDULED TO BE DELIVERED TO CO FROM SHIPYARD ON MAY 7
* EUROSEAS-LOAN PROCEEDS TO HELP CO'S LIQUIDITY BY ABOUT $2.2 MILLION AFTER REPAYMENT OF LAST INSTALLMENT TO SHIPYARD, ALL VESSEL DELIVERY RELATED EXPENSES Source text for Eikon: Further company coverage:
