Corporate Structure

Euroseas owns its 11 vessels through 11 separate wholly-owned subsidiaries. The operations of the vessels are managed by Eurobulk, an affiliated company, under management contracts with each ship-owning company. These services include technical management, such as managing day-to-day vessel operations including supervising the crewing, insuring the fleet, supplying, maintaining and drydocking of vessels, commercial management regarding identifying suitable vessel charter opportunities and certain accounting services.

The names of the wholly owned subsidiaries that own each vessel and the vessel each owns are as follows:

Owner Country of Incorporation Vessel Name Flag
Alterwall Business Inc. Republic of Panama NINOS Panamanian
Allendale Investments S.A. Republic of Panama KUO HSIUNG Panamanian
Joanna Maritime Ltd. Republic of Liberia JOANNA Liberian
Manolis Shipping Ltd. Republic of Marshall Islands MANOLIS P Marshall Islands
Noumea Shipping Ltd. Republic of Liberia EVRIDIKI G Liberian
Jonathan John Shipping Ltd. Republic of Marshall Islands AEGEAN EXPRESS Panamanian
Gregos Shipping Ltd. Republic of Marshall Islands EM Astoria Marshall Islands
Athens Shipping Ltd. Republic of Marshall Islands EM Athens Marshall Islands
Oinousses Navigation Ltd. Republic of Marshall Islands EM Oinousses Marshall Islands
Corfu Navigation Ltd. Republic of Marshall Islands EM Corfu Marshall Islands
Bridge Shipping Ltd. Republic of Marshall Islands Akinada Bridge Marshall Islands