First Aframax Petroleum Tanker Delivered

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  • United Maritime Corporation announced today the delivery of the previously-announced Aframax vessel acquisition, renamed M/T Parosea (the “Vessel”).
  • The Vessel is a 114,000-deadweight (“dwt”) crude oil tanker, built in 2006 at a reputable yard in South Korea.
  • The M/T Parosea is the first out of the 4-tanker fleet acquisition agreed by United in July 2022.

A recent news article published in the Yahoo Finance talks about delivery of First Aframax Petroleum Tanker and Immediate Commencement of Pool Employment.

Aframax tanker pool

The Vessel has entered an Aframax tanker pool, operated by a leading international tanker operator.

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“We are pleased with the prompt delivery of our first tanker vessel and the concurrent commencement of its employment in a prominent pool which tracks closely the spot earnings of the tanker sector.

“We consider the timing of the delivery to be optimal given the current earnings environment. The daily Time Charter Equivalent of the Baltic Dirty Tanker Index (“BDTI”) for Aframax stands currently in excess of $50,000 and the outlook remains firmly positive.

“We look forward to the prompt deliveries of the remaining three tankers which will further enhance the earning capacity of United. We will continue to monitor the market for accretive transactions aimed at strengthening our presence in the tanker sector.”

About United Maritime Corporation

United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services. Upon delivery of its newly-acquired vessels, the Company’s fleet will consist of four tanker vessels and one dry bulk vessel with an aggregate cargo carrying capacity of approximately 616,884 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”.

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Source: Yahoo Finance

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