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United Maritime stock rises on strategic asset transactions By Investing.com
United Maritime Corporation (NASDAQ: USEA) saw its stock rise by 4.4% following announcements of several strategic transactions. The company plans to sell its equity stake in a Norwegian joint venture and its oldest Kamsarmax vessel, which together are expected to generate significant liquidity. Simultaneously, United Maritime entered a bareboat charter agreement for a Japanese Capesize dry-bulk vessel, aiming to optimize its earnings profile and free cash flow potential by shifting towards high-cash-generative assets.