USEA

United Maritime Announces the Date for the Third Quarter and Nine Months Ended September 30, 2023, Financial Results, Conference Call and Webcast

Retrieved on: 
Thursday, November 9, 2023
USEA, Webcast, Online shopping

GLYFADA, Greece, Nov. 09, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that it will release its financial results for the third quarter and nine months ended September 30, 2023, prior to the open of the market in New York on Wednesday, November 15, 2023.

Key Points: 
  • United’s senior management will conduct a conference call and simultaneous Internet webcast to review these results on Wednesday, November 15, 2023, at 10:00 A.M. Eastern Time.
  • There will be a live, and then archived, webcast of the conference call available through the Company’s website.
  • Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast, following this link .
  • You can use any number from the list or add your phone number and let the system call you right away.

United Maritime Announces the Date for the Second Quarter Ended June 30, 2023, Financial Results, Conference Call and Webcast

Retrieved on: 
Thursday, July 27, 2023
Webcast, Eastern, USEA

GLYFADA, Greece, July 27, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that it will release its financial results for the second quarter ended June 30, 2023, prior to the open of the market in New York on Thursday, August 3, 2023.

Key Points: 
  • United’s senior management will conduct a conference call and simultaneous Internet webcast to review these results at 10:00 A.M. (Eastern Time) on Thursday, August 3, 2023.
  • There will be a live, and then archived, webcast of the conference call available through the Company’s website.
  • Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast, following this link .
  • You can use any number from the list or add your phone number and let the system call you right away.

United Maritime Announces Sale of its Remaining Tanker for a Substantial Profit and Acquisition of a Panamax Vessel

Retrieved on: 
Thursday, June 29, 2023
Panamax, Acquisition, LR2, Hand, USEA, Sale, Bank

The vessel’s gross sale price is $37.5 million, and the transaction is subject to customary closing procedures.

Key Points: 
  • The vessel’s gross sale price is $37.5 million, and the transaction is subject to customary closing procedures.
  • The profit from the sale of the M/T Epanastasea is expected to be approximately $14.2 million and will be realized in the third quarter of 2023.
  • In addition, the net cash surplus from the sale of the M/T Epanastasea and the acquisition of the M/V Exelixsea is expected to be approximately $18 million.
  • In addition, we have distributed $1.15 per share in cash dividends, which represents approximately 45% cash yield on our recent share price.

United Maritime Announces the Date for the First Quarter Ended March 31, 2023 Financial Results, Conference Call and Webcast

Retrieved on: 
Monday, May 15, 2023
Webcast, Eastern, USEA, Online shopping

GLYFADA, Greece, May 15, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that it will release its financial results for the first quarter ended March 31, 2023, prior to the open of the market in New York on Thursday, May 18, 2023.

Key Points: 
  • United’s management will conduct a conference call and simultaneous Internet webcast to review these results at 10:00 A.M. (Eastern Time) on Thursday, May 18, 2023.
  • There will be a live, and then archived webcast of the conference call available through the Company’s website.
  • Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast, following this link .
  • You can use any number from the list or add your phone number and let the system call you right away.

United Maritime Announces Agreement to Acquire a Modern Panamax Vessel through a Bareboat-in Charter and Delivery of Two Kamsarmax Vessels with Immediate Period Employment

Retrieved on: 
Wednesday, May 10, 2023
BPI, Bulk carrier, Japan Marine United, Panamax, Sale, Ship, Acquisition, Vessel, USEA, Universal, Hand, Airline, Shipbuilding, Rail transport, United

The bareboat charter agreement will commence in the third quarter of 2023 and includes a purchase option for United.

Key Points: 
  • The bareboat charter agreement will commence in the third quarter of 2023 and includes a purchase option for United.
  • The Company has also taken delivery of two previously announced Kamsarmax vessel acquisitions and has secured time charter (“T/C”) contracts for both ships that commenced upon the respective deliveries.
  • The Company entered into a twelve-month bareboat charter agreement with an unaffiliated third party in Japan for a 2015-built eco Japanese Panamax dry-bulk vessel of 78,020 dwt.
  • At the end of the 12-month bareboat period, United has an option to purchase the Vessel for $17.1 million.

United Maritime Announces Availability of its 2022 Annual Report on Form 20-F

Retrieved on: 
Thursday, April 6, 2023
The Annual Report, Annual report, USEA, Cryptocurrency

GLYFADA, Greece, April 06, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the “Annual Report”) has been filed with U.S. Securities and Exchange Commission.

Key Points: 
  • GLYFADA, Greece, April 06, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the “Annual Report”) has been filed with U.S. Securities and Exchange Commission.
  • The Annual Report may also be accessed through United’s website, www.unitedmaritime.gr , at the “Investors” section under “Annual Reports”.

United Maritime Reports Financial Results for the Fourth Quarter ended December 31, 2022 and Period from Commencement of Operations (July 6, 2022) to December 31, 2022 & Initiates Quarterly Dividend of $0.075 Per Share

Retrieved on: 
Wednesday, February 22, 2023
EBITDA, USEA, Acquisition, EPS, Bulk carrier, Commencement (fireboat), Weakness, Capesize, TCE, Sale, OPEX, LR2, Adjustment, Cryptocurrency, Security (finance), Shipbuilding, Panamax

GLYFADA, Greece, Feb. 22, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the fourth quarter ended December 31, 2022 and the period from commencement of its operation on July 6, 2022 to December 31, 2022. The Company also declared a quarterly dividend of $0.075 per share.

Key Points: 
  • For the quarter ended December 31, 2022, the Company generated net revenues of $14.9 million, while EBITDA for the quarter was $38.9 million.
  • The daily Time Charter Equivalent (“TCE”3) of the fleet for the fourth quarter of 2022 was $32,161.
  • For the period from commencement of its operation to December 31, 2022, the Company generated net revenues of $22.8 million, while EBITDA for the period was $41.8 million.
  • Cash, cash-equivalents and restricted cash, as of December 31, 2022, stood at $69.9 million.

United Maritime Announces the Date for the 2022 Fourth Quarter and for the Period from the Commencement of Operations (July 6, 2022) to December 31, 2022 Financial Results, Conference Call and Webcast

Retrieved on: 
Friday, February 17, 2023
Eastern, USEA, Webcast, Online shopping

GLYFADA, Greece, Feb. 17, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that it will release its financial results for the fourth quarter and for the period from the commencement of its operations on July 6, 2022, to December 31, 2022, prior to the open of the market in New York on Wednesday, February 22, 2023.

Key Points: 
  • United’s management will conduct a conference call and simultaneous Internet webcast to review these results at 10:00 A.M. (Eastern Time) on Wednesday, February 22, 2023.
  • There will be a live, and then archived webcast of the conference call available through the Company’s website.
  • Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast, following this link .
  • You can use any number from the list or add your phone number and let the system call you right away.

United Maritime Announces the Acquisition of Three Dry Bulk Vessels consisting of Two Kamsarmaxes and a Bareboat Charter Agreement with a Purchase Option for one Panamax Vessel

Retrieved on: 
Thursday, February 16, 2023
Hand, USEA, Ship, Capesize, Mitsui Engineering & Shipbuilding, Japan Marine United, Universal, Vessel, Acquisition, Sale, Bulk carrier, Panamax, Shipbuilding, United

The Company also announced that it has entered into a bareboat charter agreement for one Japanese-built modern Panamax dry bulk vessel with an unaffiliated third party in Japan.

Key Points: 
  • The Company also announced that it has entered into a bareboat charter agreement for one Japanese-built modern Panamax dry bulk vessel with an unaffiliated third party in Japan.
  • The bareboat charter agreement includes a purchase option for United.
  • The Company entered into an eighteen-month, bareboat charter agreement with an unaffiliated third party for a 2013-built Japanese Panamax dry-bulk vessel of 78,173 dwt.
  • At the end of the 18-month bareboat period, United has an option to repurchase the Vessel for $12.36 million.

United Maritime Announces Completion of Previously Announced Tanker Sale and Acquisition of Two Capesize Bulkers

Retrieved on: 
Tuesday, January 3, 2023
USEA, Capesize, LR2, Acquisition, Exercise, Hand, Mitsui Engineering & Shipbuilding, Documentation, Sale, Shipbuilding, United

The first Capesize bulk carrier is the M/V Tradership, with a cargo-carrying capacity of 176,925 dwt built in 2006 by Namura Shipbuilding in Japan.

Key Points: 
  • The first Capesize bulk carrier is the M/V Tradership, with a cargo-carrying capacity of 176,925 dwt built in 2006 by Namura Shipbuilding in Japan.
  • The second Capesize bulk carrier is the M/V Goodship, with a cargo-carrying capacity of 177,536 dwt built in 2005 by Mitsui Engineering & Shipbuilding in Japan.
  • Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
    “We are pleased to announce the acquisition of the two Capesize bulkers by United Maritime.
  • The balance of the acquisition price of the two Capesize vessels is expected to be funded through cash on hand.