Euroseas is still seeking to consolidate with private vehicles in the container and dry bulk markets after reporting its first profitable quarter since 2011.
Aristides Pittas-led Euroseas announced plans to combine its boxship fleet with George Yourokoukos-backed Poseidon last September with a view of listing the firm in the US.
Tasos Aslidis, chief financial officer of Euroseas, said both its dry cargo fleet of six and its 11 container ships were positioned to be involved in merger and acquisition activity with private companies.
