Company Overview - United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services [5] - The company operates a fleet of seven dry bulk vessels, including two Capesize, two Kamsarmax, and three Panamax vessels, with a total cargo carrying capacity of 750,758 dwt [5] - United Maritime Corporation is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Glyfada, Greece [6] Financial Results Announcement - The company will release its financial results for the second quarter and six months ended June 30, 2025, prior to the market opening in New York on August 6, 2025 [1] - A conference call and simultaneous webcast will be held on August 6, 2025, at 9:00 a.m. Eastern Time to review these results [2] Webcast and Call Details - There will be a live and archived webcast of the conference call available through the company's website [3] - Participants can register for the call using a provided link, with options to add their phone number for immediate connection [4]

Company Overview - United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services [2] - The company operates a fleet of eight dry bulk vessels, including three Capesize, two Kamsarmax, and three Panamax vessels, with a total cargo carrying capacity of 922,072 dwt [2] - After the sale of the M/V Gloriuship, the fleet will consist of two Capesize, two Kamsarmax, and three Panamax vessels, with a reduced cargo carrying capacity of 750,758 dwt [2] Financial Information - The company will release its financial results for the first quarter ended March 31, 2025, before the market opens in New York on May 22, 2025 [1]

Core Insights - United Maritime Corporation reported a net loss of $1.8 million for Q4 2024, compared to a loss of $0.7 million in Q4 2023, indicating a decline in profitability despite an increase in net revenues [4][6][7] - The company declared a quarterly dividend of $0.01 per share for Q4 2024, marking the ninth consecutive quarterly distribution, with total cash dividends of $1.61 per share since November 2022 [5][10] - The fleet's Time Charter Equivalent (TCE) rate decreased to $14,248 per day in Q4 2024 from $15,874 in Q4 2023, reflecting market conditions [6][21] Financial Performance - Q4 2024 net revenues were $10.8 million, down from $11.6 million in Q4 2023, while total revenues for 12M 2024 reached $45.4 million, up from $36.1 million in 12M 2023 [6][7] - Adjusted EBITDA for Q4 2024 was $5.1 million, an increase from $4.6 million in Q4 2023, and for the full year, it rose to $20.3 million from $18.9 million [6][7][23] - The company reported a basic loss per share of $0.21 for Q4 2024, compared to a loss of $0.08 in Q4 2023, and a diluted loss per share of $0.21, compared to a loss of $0.08 in the prior year [6][25] Strategic Developments - The company enhanced its fleet by acquiring a 2016-built Kamsarmax dry bulk vessel and selling its oldest Capesize vessel, the M/V Gloriuship, for approximately $15 million [5][12][33] - United secured $48.3 million in financing during 2024, which supported strategic initiatives and eliminated near-term debt maturities until Q4 2026 [5][13] - The integration of AI-driven solutions into the fleet aims to optimize energy consumption and operational efficiency [34] Market Conditions - The fourth-quarter results were impacted by a seasonal slowdown in coal and iron ore trade, which is typical following strong export volumes earlier in the year [14][15] - Long-term fundamentals of the dry bulk market remain strong, driven by structural shifts in global trade and fleet supply constraints [15][16] - Potential geopolitical developments and trade tariff discussions could create new shipping routes, increasing demand for ton-miles [16][17]

Company Overview - United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services [5] - The company operates a fleet of eight dry bulk vessels, including three Capesize, two Kamsarmax, and three Panamax vessels, with a total cargo carrying capacity of 922,072 dwt [5] - After the sale of the M/V Gloriuship, the fleet will consist of two Capesize, two Kamsarmax, and three Panamax vessels, with a reduced capacity of 750,758 dwt [5] Financial Results Announcement - The company will release its financial results for the fourth quarter and the year ended December 31, 2024, before the market opens in New York on March 18, 2025 [1] - A conference call and simultaneous Internet webcast will be held on March 18, 2025, at 09:00 a.m. Eastern Time to review these results [2] Communication and Investor Relations - There will be a live and archived webcast of the conference call available on the company's website [3] - Participants are encouraged to register approximately 10 minutes prior to the start of the webcast [3] - For further information, the company provides contact details for investor relations [8][9]