United Announced Sale of two Aframax Petroleum Tankers and Delivery of the Previously announced LR2 Tankers

United Maritime Corporation, announced that it has entered into definitive agreements with an unaffiliated third party for the sale of two Aframax tankers, and the successful delivery of the previously-announced LR2 tanker acquisitions.

Sale of two Aframax Tankers

The Company has entered into two separate definitive agreements with an unaffiliated third party for the sale of its two Aframax vessels, the 2006-built M/T Bluesea and the M/T Parosea. The vessels are scheduled to be delivered to their new owners within the fourth quarter of 2022.

The aggregate gross sale price is approximately $62.5 million and the transactions are subject to customary closing procedures.

Delivery of two LR2 Product Tankers

Additionally, the Company took delivery of two previously announced tanker acquisitions. The first vessel is a 109,000-dwt LR2 product tanker, built in 2008 by Shanghai Waigaoqiao Shipbuilding Co., Ltd. (“SWS”) in China, and was renamed M/T Minoansea. The second vessel is a 109,600-dwt LR2 product carrier, built in 2008 by Dalian Shipbuilding Industry in China, and was renamed M/T Epanastasea.

The M/T Epanastasea was delivered with a short-period charter (“T/C”) attached at a gross daily rate of approximately $26,500 which expires in December 2022, while the M/T Minoansea has been initially deployed in the spot market.

Upon completion of the Aframax sales, the Company’s fleet will consist of 2 tanker vessels and one dry bulk vessel with an aggregate cargo carrying capacity of 389,778 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”.