Euroseas' share price has taken a nice leap after the boxship owner fixed a vessel at almost three times the going spot rate.

The New York-listed company on Thursday put the 1,740-teu EM Hydra (built 2005) on a charter lasting anywhere from 23 months to 25 months at $20,000 per day.

The voyage, which is set to begin in the second-half of May, is expected to earn at least $13.8m