Welcome to our dedicated page for United Maritime Corporation news (Ticker: USEA), a resource for investors and traders seeking the latest updates and insights on United Maritime Corporation stock.
United Maritime Corporation (USEA) provides comprehensive dry bulk shipping solutions through its diversified fleet operations. This news hub offers investors and industry stakeholders direct access to the company's official announcements and market-relevant developments.
Find timely updates on earnings reports, fleet expansions, and strategic partnerships that shape USEA's position in global maritime trade. Our curated collection includes press releases on charter agreements, operational milestones, and management insights critical for assessing the company's market performance.
All content is organized to help users efficiently track USEA's navigation of freight market dynamics and commodity demand trends. Bookmark this page for streamlined access to verified updates about vessel deployments, financial disclosures, and industry-specific developments affecting the company's operations.
United Maritime Corporation (NASDAQ: USEA) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission. The report is accessible on their website in the 'Investors' section. The Company operates a fleet currently consisting of 1 tanker vessel, 2 Capesize, and 1 Panamax dry bulk vessels, with plans to increase to 7 vessels upon completion of announced transactions. This fleet will include 1 LR2 tanker, 3 Capesize, 2 Kamsarmax, and 1 Panamax, totaling an aggregate cargo capacity of 877,320 dwt. United Maritime Corporation is incorporated in the Marshall Islands and has its executive offices in Greece, trading under the ticker USEA on Nasdaq.
United Maritime Corporation (USEA) reported strong financial results for the fourth quarter of 2022, with a net income of $36.5 million and adjusted net income of $39.8 million. The company generated $14.9 million in net revenues and an EBITDA of $38.9 million. Earnings per share were $4.86 (basic) and $3.55 (diluted). The total cash, cash equivalents, and restricted cash as of December 31, 2022, reached $69.9 million, with shareholders' equity of $64.6 million. The company initiated a quarterly dividend of $0.075 per share and commenced a second investment cycle totaling $98 million for the acquisition of five dry bulk vessels.
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