Shipowner and operator Euroseas Ltd.

Shipowner Euroseas Ltd. reported a net loss of $132 million for 2012, compared with a profit of $1.1 million in 2011, as revenue dropped by nearly $10 million to $54.9 million.

Greek container ship and bulk carrier owner Euroseas fell $1.4 million into the red in the second quarter as charter rates for the type of small box vessels it owns were stuck at lows last seen in the

Somali pirates Saturday released a bulk cargo vessel and its crew.