Greece-based United Maritime Corporation is selling its oldest capesize vessel to an undisclosed buyer. The Nasdaq-listed company also announced the successful integration of the panamax vessel Synthesea into the DeepSea Technologies Platform, further enhancing its fleet’s use of AI technology.
The company has entered into a definitive agreement with an unaffiliated third party for the sale of its 171,314 dwt capesize vessel, Gloriuship, built in 2004. The vessel is expected to be delivered to its new owners by mid-July 2025.
The aggregate net sale price is around $15m, and the transaction is subject to customary closing procedures.
Meanwhile, the company announced the successful integration of the 2015-built panamax Synthesea 78,020-dwt into the DeepSea Technologies Platform.
United Maritime believes that this integration equips the vessel with AI-driven solutions for real-time monitoring and optimization of energy consumption, fuel usage, and performance.
Stamatis Tsantanis, chairman and CEO of United Maritime Corporation, said: “We are pleased to announce the well-timed sale of our oldest capesize bulker, the 21-year-old Gloriuship, at a sizeable premium over her scrap value, taking advantage of the favourable valuation environment in this sector.
“The net sale proceeds after the repayment of the existing indebtedness will enhance the company’s cash reserves by approximately $7.0 million, while the sale will have a positive impact on the average age of United’s fleet.”
United Maritime Corporation operates a fleet of eight dry bulk vessels, comprising three capesize, two kamsarmax and three panamax vessels, with an aggregate cargo carrying capacity of 922,072 dwt.
The company’s operating fleet, after the sale of its oldest capesize, will consist of seven vessels (two capesize, two kamsarmax and three panamax), with an aggregate cargo carrying capacity of 750,758 dwt.
