United Maritime Announces Completion of Strategic Divestment from Older Vessels with the Profitable Sale of its Oldest Capesize Vessel
United Maritime (NASDAQ: USEA) has completed the sale of its oldest Capesize vessel, M/V Goodship, marking the final step in its strategic exit from vintage tonnage. The 177,536 dwt vessel, built in 2005, was sold to Far Eastern buyers for $15.4 million, generating net cash proceeds of $8.2 million and an accounting profit of $0.6 million.
This sale, following the previous divestments of M/V Gloriuship and M/V Tradership, has reduced the company's fleet average age by 3 years to 12.7 years. United now maintains strong cash reserves of over $20.0 million ($2.20 per share), positioning itself for future capital returns and strategic fleet growth.
United Maritime (NASDAQ: USEA) ha completato la vendita della sua nave Capesize più vecchia, la M/V Goodship, segnando l'ultimo passo nella sua uscita strategica dal tonnage d'epoca. La nave da 177.536 dwt, costruita nel 2005, è stata venduta a acquirenti dell'Estremo Oriente per 15,4 milioni di dollari, generando proventi netti in contanti di 8,2 milioni di dollari e un utile contabile di 0,6 milioni di dollari.
Questa vendita, dopo le precedenti cessioni di M/V Gloriuship e M/V Tradership, ha ridotto l'età media della flotta dell'azienda di 3 anni a 12,7 anni. United possiede ora robuste riserve di cassa superiori a 20,0 milioni di dollari (2,20 dollari per azione), posizionandosi per futuri ritorni di capitale e crescita strategica della flotta.
United Maritime (NASDAQ: USEA) ha completado la venta de su buque Capesize más antiguo, M/V Goodship, marcando el paso final de su salida estratégica del tonelaje antiguo. El buque de 177.536 dwt, construido en 2005, fue vendido a compradores de Asia Oriental por 15,4 millones de dólares, generando ingresos netos en efectivo de 8,2 millones de dólares y una ganancia contable de 0,6 millones de dólares.
Esta venta, tras las desinversiones previas de M/V Gloriuship y M/V Tradership, ha reducido la edad media de la flota de la empresa en 3 años hasta 12,7 años. United mantiene ahora sólidas reservas de efectivo de más de 20,0 millones de dólares (2,20 dólares por acción), posicionándose para futuros retornos de capital y crecimiento estratégico de la flota.
United Maritime(NASDAQ: USEA)은 가장 오래된 Capesize 선박 M/V Goodship의 매각을 완료하여 빈티지 톤나지에서의 전략적 퇴출의 마지막 단계를 마무리했습니다. 177,536 dwt 규모의 이 선박은 2005년에 건조되었으며 동방의 매수자들에게 1,540만 달러에 매각되어 순현금 수익은 820만 달러, 회계상 이익은 60만 달러를 창출했습니다.
이 매각은 이전에 매각된 M/V Gloriuship 및 M/V Tradership에 이어 회사의 선대 평균 연령을 3년 감소시켜 12.7년이 되었습니다. United는 현재 2,000만 달러를 상회하는 현금 보유고를 보유하고 있으며, 주당 2.20달러의 가치를 제시하여 향후 자본환원 및 전략적 선대 성장을 위한 위치를 확립하고 있습니다.
United Maritime (NASDAQ: USEA) a procédé à la vente de son plus vieux navire Capesize, le M/V Goodship, marquant l'étape finale de sa sortie stratégique du tonnage ancien. Le navire de 177.536 dwt, construit en 2005, a été vendu à des acheteurs d'Extrême-Orient pour 15,4 millions de dollars, générant des produits nets en espèces de 8,2 millions de dollars et un bénéfice comptable de 0,6 million de dollars.
Cette vente, après les cessions précédentes du M/V Gloriuship et du M/V Tradership, a ramené l'âge moyen de la flotte de l'entreprise de 3 ans à 12,7 ans. United dispose désormais de réserves de trésorerie solides de plus de 20,0 millions de dollars (2,20 dollars par action), se positionnant pour de futurs rendements du capital et une croissance stratégique de la flotte.
United Maritime (NASDAQ: USEA) hat den Verkauf seines ältesten Capesize-Schiffs, der M/V Goodship, abgeschlossen und damit den letzten Schritt aus dem strategischen Ausstieg aus Alttonnage markiert. Das 177.536 dwt schwere Schiff, gebaut im Jahr 2005, wurde an Käufer aus dem Fernen Osten für 15,4 Mio. USD verkauft und erzeugte Nettomittelzuflüsse von 8,2 Mio. USD sowie einen buchhalterischen Gewinn von 0,6 Mio. USD.
Dieser Verkauf, nach den vorherigen Veräußerungen der M/V Gloriuship und M/V Tradership, hat das Durchschnittsalter der Flotte des Unternehmens um 3 Jahre auf 12,7 Jahre reduziert. United verfügt nun über solide Barreserven von über 20,0 Mio. USD (2,20 USD pro Aktie) und positioniert sich für künftige Kapitalrenditen und strategische Flottengrowth.
United Maritime (NASDAQ: USEA) أكملت بيع أقدم سفن Capesize لديها، M/V Goodship، مما يمثل الخطوة الأخيرة في خروجها الاستراتيجي من الحمولة القديمة. السفينة التي سعتها 177,536 dwt، والتي بُنيت في عام 2005، بيعت لمشترين من الشرق الأقصى بمبلغ 15,4 مليون دولار، محققة عوائد نقدية صافية قدرها 8,2 مليون دولار وربحاً محاسبياً قدره 0,6 مليون دولار.
هذا البيع، وبعد التخليين السابقين عن M/V Gloriuship وM/V Tradership، خفّض متوسط عمر أسطول الشركة بمقدار 3 سنوات إلى 12,7 عامًا. United لديها الآن احتياطي نقدي قوي يزيد عن 20,0 مليون دولار (بما يعادل 2,20 دولاراً للسهم)، وهو ما يمهّد لعوائد رأس المال في المستقبل ونمو استراتيجي للأسطول.
United Maritime（NASDAQ: USEA） 已完成对其最老的 Capesize 船舶 M/V Goodship 的出售，标志着其从复古吨位战略性退出的最后一步。这艘 177,536 dwt 的船舶，建于 2005 年，已以 1540 万美元售予东亚买家，净现金收益为 820 万美元，账面利润为 60 万美元。
此次出售是在此前剥离 M/V Gloriuship 和 M/V Tradership 之后进行的，使公司船队的平均年龄降低了 3 年，至 12.7 岁。United 现在拥有超过 2000 万美元 的强劲现金储备（每股 2.20 美元），为未来的资本回报及船队的战略增长奠定基础。
- Sale of M/V Goodship generated $8.2 million in net cash proceeds
- Transaction resulted in $0.6 million accounting profit
- Fleet average age reduced by 3 years to 12.7 years
- Strong cash position of over $20.0 million ($2.20 per share)
- Successful completion of strategic exit from older vessels
- Reduction in fleet size due to vessel sales
Insights
United Maritime completed its strategic exit from older vessels, improving fleet age profile and strengthening liquidity position with $8.2M in proceeds.
United Maritime has successfully divested its oldest Capesize vessel, the M/V Goodship, marking the completion of its strategic exit from older dry bulk vessels. The 20-year-old, 177,536 dwt vessel built in 2005 was sold to Far Eastern buyers for
This transaction represents the final step in United's planned divestment of vintage tonnage, following earlier sales of the M/V Gloriuship (built 2004) and M/V Tradership (built 2006). The strategic shift has reduced the average fleet age by approximately 3 years to 12.7 years, creating a more commercially competitive position in the market.
The company's focus on fleet renewal demonstrates effective asset management in the currently favorable secondhand vessel market. With the divestment complete, United now reports a substantial cash position of over
United's management has signaled two potential uses for this liquidity: capital returns to shareholders and strategic fleet growth. This balanced approach suggests the company is positioning itself for both shareholder value creation and operational competitiveness in the dry bulk shipping sector.
GLYFADA, Greece, Sept. 30, 2025 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today it has completed the divestment of its oldest Capesize vessel, M/V Goodship, finalizing the Company’s exit from vintage tonnage as part of its long-term fleet renewal plan.
On September 16, 2025, the 177,536 dwt Capesize vessel, M/V Goodship, built in 2005 in Japan, was delivered to its Far Eastern buyers, an unaffiliated third party. The net sale price of approximately
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“We are pleased to announce the successful sale of the 20-year-old M/V Goodship, divesting an aging asset at premium value. This transaction reflects our effective fleet management strategy, as we continue to capitalize on the favorable conditions in the secondhand market, strengthening our liquidity position, while at the same time improving the overall age profile of our fleet.
“The sale of the M/V Goodship follows the earlier sales of the 2004-built M/V Gloriuship and the 2006-built M/V Tradership, concluding our strategic exit from the ownership and operation of older dry bulk vessels. Further to these sales, the average age of United’s fleet has been reduced by approximately 3 years, to 12.7 years today. This transaction concludes our strategic exit from older tonnage and leaves us with a younger, leaner, and more commercially competitive fleet.
“Moreover, with cash reserves of over
About United Maritime Corporation
United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services. The Company operates a fleet of five dry bulk vessels, comprising two Kamsarmax and three Panamax vessels, with an aggregate cargo carrying capacity of 396,297 dwt.
The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Glyfada, Greece.
The Company's common shares trade on the Nasdaq Capital Market under the symbol “USEA”.
Please visit the Company’s website at: www.unitedmaritime.gr.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including with respect to the declaration of dividends, market trends and shareholder returns. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, impacts of litigation, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; broader market impacts arising from trade disputes or war (or threatened war) or international hostilities, such as between Israel and Hamas or Iran and related hostilities in the region, China and Taiwan and between Russia and Ukraine; risks associated with the length and severity of pandemics, including their effects on demand for dry bulk products and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC, including its most recent annual report on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
United Investor Relations
Tel: +30 213 0181 522
E-mail: ir@usea.gr
Capital Link, Inc.
Paul Lampoutis
230 Park Avenue Suite 1540
New York, NY 10169
Tel: (212) 661-7566
E-mail: usea@capitallink.com
FAQ
How much did United Maritime (USEA) sell the M/V Goodship vessel for?
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Which vessels has United Maritime sold as part of its fleet renewal strategy?
What is United Maritime's strategy for its future fleet operations?
