United Maritime sells stake in Norwegian energy project and oldest kamsarmax vessel, shifting focus back to dry bulk operations.
United Maritime Corporation has agreed to sell its stake in a Norwegian energy construction vessel project, reported Denmark's Shipping Telegraph.
The Nasdaq-listed dry bulk owner entered the project in 2024, gaining exposure to offshore energy markets serving subsea oil and gas and renewables. It later became the largest shareholder before agreeing in February 2026 to sell its equity interest for about ??3 million, realizing a profit of EUR1.7 million (US$1.99 million).
The transaction is expected to close by May 31, 2026. Chairman and Chief Executive Officer Stamatis Tsantanis stated that the deal reflects disciplined capital reallocation and a successful monetization of the investment.
Alongside the offshore exit, United has agreed to sell its oldest kamsarmax vessel, the 2009-built Cretansea, for $14.7 million. Delivery to the new owners is scheduled by May 25, 2026.
The company also entered an 18-month bareboat charter with Seanergy Maritime Holdings Corp. for the 2010-built Japanese capesize Dukeship. United advanced $5.5 million and will pay a daily charter rate of $9,450, with a purchase obligation of $22.1 million at the end of the charter.
United currently operates six dry bulk vessels with a combined capacity of 577,750-dwt. After the sale of Cretansea, its fleet will consist of five ships with a capacity of 496,242-dwt.
