United Maritime exits offshore project and confirms bulker deals

Nasdaq-listed dry bulk owner United Maritime Corporation has agreed to sell its early-stage investment in a Norwegian joint venture owning an energy construction vessel (ECV) currently under construction.

The Stamatis Tsantanis-led United entered in 2024 the ECV newbuilding project at an early stage, gaining exposure to a fast-growing offshore energy market serving both subsea oil & gas and renewable infrastructure.

To remind, the company in July 2024 entered into shareholder and subscription agreements to acquire a minority stake in a Norwegian-based company, established to design and build a technically and environmentally advanced energy construction vessel.

The ECV is intended to inspect, maintain, and repair offshore energy production infrastructure in both the oil and gas and renewables industries.

As the project