United Maritime Corp
unitedmaritime.grWhat Do They Do?
Transports dry bulk cargo worldwide for regional and international charterers.
How Do They Make Money?
Charterers pay daily hire to use vessels under time charters over the charter term; for spot charters, they pay a rate per ton of cargo for a specific voyage.
20-F for FY2025, filed Apr 8, 2026
$37.8M
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20-F for FY2025, filed Apr 8, 2026
$37.8M ↗
Who Are Their Customers?
Customers are regional and international companies that charter vessels.
20-F for FY2025, filed Apr 8, 2026
Our customers include regional and international companies. For the year ended December 31, 2023, five of our charterers accounted for 77%…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $6.2M in FY2025, but brought in more cash than it spent: $1.5M of free cash flow.
20-F for FY2025, filed Apr 8, 2026
−$455KView ↗
20-F for FY2025, filed Apr 8, 2026
−$6.2MView ↗
20-F for FY2025, filed Apr 8, 2026
$1.5MView ↗
How Are They Changing?
Focus on dry bulk shipping
The older report described a fleet spanning tanker and dry-bulk vessels; the latest report describes the company as specializing in dry-bulk shipping.
20-F for FY2022, filed Apr 4, 2023 20-F for FY2025, filed Apr 8, 2026United Maritime Corporation is an international shipping company currently specializing in worldwide seaborne transportation services. We…View ↗
United Maritime Corporation is an international shipping company currently specializing in worldwide seaborne transportation services. We…View ↗
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