Slumping rates and a reduced operating fleet kept Greek bulker and boxship owner Euroseas in the red last year.
The Aristides Pittas-led owner expects its liner fleet to boost earnings this year and remains acquisition hungry with $100m burning a hole in its pocket.
Losses in financial instruments also played their part in the net loss which was a year-on-year improvement only because 2009 threw up some exceptional negative items.
Athens-based
