United Maritime Announces Sale Of Its Remaining Tanker For $37.5M For A Substantial Profit And Acquisition Of A Panamax Vessel For $17.8M
Portfolio Pulse from Happy Mohamed
United Maritime Corporation (NASDAQ:USEA) has announced the sale of its remaining LR2 tanker vessel, the M/T Epanastasea, for $37.5 million, and the acquisition of a Panamax dry bulk vessel for $17.8 million. The profit from the sale is expected to be approximately $14.2 million, with a return on equity of about 400%. The net cash surplus from the sale and acquisition is expected to be approximately $18 million.
June 29, 2023 | 1:06 pm
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POSITIVE IMPACT
United Maritime's sale of its remaining tanker and acquisition of a new vessel could potentially boost its financial performance, with a significant profit expected from the sale and a substantial return on equity.
The sale of the tanker is expected to generate a substantial profit for United Maritime, which could positively impact its financial performance and potentially its stock price. The acquisition of a new vessel could also contribute to the company's future revenue, further supporting its financial position and potentially its stock price.
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IMPORTANCE 80
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