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United Maritime Skyrockets On Accretive Acquisition Of Tanker Vessels

Shares of United Maritime Corporation (USEA) are rising more than 170% Friday morning after the company announced accretive acquisition of a fleet of four tanker vessels.

The purchase of two Aframax oil tankers and two LR2 product tankers from unaffiliated third parties is expected to be paid in cash.

"We are very pleased to announce this initial milestone transaction for United, which marks the Company's diversification into petroleum oil tankers and grows our fleet to almost 620,000 DWT. We expect this to prove a highly accretive acquisition for the Company considering the recent appreciation in tanker values." commented Stamatis Tsantanis, the Company's Chairman & Chief Executive Officer.

USEA, currently at $5.95, has traded in the range of $0.80-$8.95 in the past 52 weeks.

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