Euroseas trimmed its loss in both the fourth quarter and the full year as it evaluates opportunities to modernise its fleet.
The Greek owner posted net loss of $3.6m to the end of December, compared to $7m at the same stage of 2014.
For the full year, New York-listed Euroseas saw its red ink run to $13.7m against $17.9m in 2014.
Aristides Pittas, chairman and chief executive of Euroseas, said: “Rates in the containership sector and particularly in the feeder size where we operate declined back to their levels of the beginning of last year from the higher levels observed during the second and third quarters.
“Overall
