United Maritime is a small international dry bulk shipping company that owns and operates a fleet of Capesize, Panamax, and Kamsarmax vessels, transporting iron ore, coal, grains, and bauxite across global trade routes. As of early 2026, the fleet consists of six vessels with roughly 577,750 dwt in aggregate capacity, with a seventh vessel pending delivery. Charterers include major commodity firms such as Glencore, Cargill, MOL, and NYK. United Maritime was spun out of Seanergy Maritime Holdings in mid-2022 and remains closely linked to Seanergy through shared management and a master management agreement. United Maritime earns revenue by chartering vessels to customers at daily rates, with profitability driven by the Time Charter Equivalent rate multiplied by operating days. Vessels are employed on time charters, using either index-linked rates that float with the Baltic Capesize or Panamax indices, or fixed-rate structures that provide cash flow visibility. Operating costs run approximately $6,300–$6,600 per vessel per day. United Maritime is actively pivoting its fleet toward Capesize exposure, having acquired two Capesize vessels recently while selling older Panamax and Kamsarmax tonnage. The company also took a minority stake in RGI Marine, a Norwegian offshore energy vessel investment, which it is exiting for approximately €13.0M. United Maritime has paid 13 consecutive quarterly dividends since its IPO and has not issued new equity since listing in July 2022.