United Maritime Chairman and Chief Executive Officer Stamatis Tsantanis highlighted the company’s successful performance in the dry bulk market, as well as the strategic restructuring of its fleet.Presenting the company’s financial results in the first quarter of 2026, Tsantanis noted that the company’s 62.2-million-dollar investment in Capesize vessels has already begun to generate returns, while expressing confidence that revenue and cash flow generation will continue to strengthen throughout the year. He also noted that the company’s board of directors approved a new quarterly dividend of 0.10 dollars per share, marking the 14th consecutive quarterly distribution to shareholders.According to the company, total shareholder distributions since November 2022 have now reached approximately 1.94 dollars per share.During the first quarter, the U.S.-listed shipping company reported net revenues of 7.9 million dollars for the first quarter of 2026, compared with 7.8 million dollars during the corresponding period in 2025, effectively maintaining stable revenues.Net losses and adjusted net income amounted to 0.1 million and 0.2 million dollars, respectively, representing a significant improvement compared with net losses and adjusted net losses of 4.5 million and 4.4 million dollars, respectively, recorded during the first quarter of 2025.Adjusted EBITDA reached 3.2 million dollars, compared with 0.9 million during the same period in 2025.The fleet’s average daily Time Charter Equivalent (TCE) rate for the first quarter of 2026 stood at 15,591, compared with 9,953 during the same period last year.As of March 31, 2026, the company’s cash and cash equivalents amounted to 10.1 million dollars, while shareholders’ equity stood at 55.5 million.Total financial liabilities reached 89.7 million, with the fleet’s value estimated at 130.2 million.United Maritime Corporation is a shipping company specialising in international seaborne transportation.The company’s fleet currently consists of five dry bulk vessels — one Capesize, one Kamsarmax and three Panamax vessels — with a total carrying capacity of approximately 496,242 dwt.Following the completion of the acquisition of the M/V Squireship, the company’s fleet will consist of two Capesize, one Kamsarmax and three Panamax vessels, with a total carrying capacity of approximately 666,260 dwt.With regard to the second quarter of 2026, the company has already secured approximately 92% of its available fleet days at an average daily rate of 17,807 dollars, while based on Forward Freight Agreement (FFA) market levels, estimated TCE is expected to reach approximately 17,957 dollars per day.