Nasdaq-listed United Maritime has confirmed the sale of its second elderly capesize bulk carrier this year, continuing its strategy to streamline and modernise its fleet.
The Greek shipowner led by Stamatis Tsantanis is letting go of the 2006-built, 177,000 dwt Tradership, with delivery to the unnamed buyer expected by mid-August. The deal follows the completed sale of the 2004-built Gloriuship in June.
Splash reported in May that the company had struck a deal with an undisclosed buyer for the 2006 Namura-built unit.
United will pocket around $17.8m net from the Tradership transaction. Combined, the two capesize sales are expected to bring in $32.8m in proceeds, with around $17.9m in liquidity freed up after debt repayments.
“Our fleet modernization strategy continues with the divestment of older vessels, capitalizing on strong second-hand values,” said Tsantanis, adding that the sales bolster the company’s position to pursue new opportunities.
The company expects to record a book profit of about $1.5m from the Tradership sale in its third-quarter earnings.
United Maritime launched in 2022, spinning off from Seanergy with older tonnage. The Gloriuship was the initial asset transferred to the new company.
Following the Tradership handover, United’s operating fleet will consist of one capesize, two kamsarmaxes, and three panamax vessels.
