Euroseas Ltd (STU:2LE1)
€ 33.4 -0.2 (-0.6%) Market Cap: 238.09 Mil Enterprise Value: 371.67 Mil PE Ratio: 2.20 PB Ratio: 0.73 GF Score: 72/100
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Euroseas Ltd, A.P. Moller - Maersk A/S, Seamax Capital Management LLC and Wan Hai Lines Ltd at Capital Link New York Maritime Forum- Panel Transcript

Sep 21, 2022 / 01:45PM GMT
Release Date Price: €20.78 (-0.86%)
James Cirenza
DNB Markets, Inc. - Moderator

Let's talk about current trends and current trends that you're seeing, anything from asset values to day rates to difference in routes, utilization. Cao, I'll start with you. You also told me that you always have a view, but you're wrong a lot. So let's start with your current view of what you're seeing.

Questions & Answers

Cao Deambrosio
Seamax Capital Management LLC - Managing Partner

Well, I mean, we've all been, from at least the owner's perspective, experienced an extremely volatile two years. As I mentioned, we started the pandemic with a spot prawn fleet, which was a bit of a headache for a couple of months. But then it quickly turned around and we started seeing historical high rates for all our assets. And that went through, I would say, the beginning of this year.

And then as in the war in Ukraine started, some macro lack of visibility, some crosswinds started taking shape, the market definitely started cooling down. But right now, we're really bystanders because most of our fleet is

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