United Maritime Corporation USEA

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
14/100
Weak

About United Maritime Corporation

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. The company operates a fleet of six dry bulk vessels comprising one Capesize, two Kamsarmax and three Panamax vessels with an aggregate cargo-carrying capacity of approximately 577,750 dwt. United Maritime Corporation was incorporated in 2022 and is based in Glyfada, Greece. Full USEA analysis →

Competitive advantage assessment

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 28.1th percentile with high volatility suggests weak pricing power or commoditized products.
  • ROIC Below WACC or Peers ROIC at 16.1th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
7

Where USEA ranks in Marine Shipping

United Maritime Corporation ranks #33 of 34 scored companies in Marine Shipping by moat score — the top 97%. The widest moat in the group is Euroseas Ltd. (ESEA) at 86/100.

Moat scores for companies ranked near USEA in Marine Shipping
# Company Moat score Rating
26 Genco Shipping & Trading Limite GNK 30/100 Developing
27 SEACOR Marine Holdings Inc. SMHI 30/100 Developing
28 Castor Maritime Inc. CTRM 30/100 Developing
29 Toro Corp. TORO 24/100 Weak
30 EuroDry Ltd. EDRY 24/100 Weak
31 Icon Energy Corp. ICON 21/100 Weak
32 High-Trend International Group HTCO 19/100 Weak
33 United Maritime Corporation USEA 14/100 Weak
34 OceanPal Inc. OP 0/100 Weak

See every General Corporate company ranked by moat score →

How USEA scores on the Corporate Default defenses

Pricing Power

Score 7 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 19 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 23 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 9 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 14 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 13 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding USEA's moat

What is United Maritime Corporation's moat score?

United Maritime Corporation (USEA) scores 14 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #33 of 34 scored companies in Marine Shipping, the top 97%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Marine Shipping. Its strongest defense is Customer Stickiness (23/100) and its weakest is Pricing Power (7/100).

How does United Maritime Corporation compare with other Marine Shipping companies?

United Maritime Corporation ranks #33 of 34 scored companies in Marine Shipping by moat score. The widest moat in Marine Shipping is Euroseas Ltd. (ESEA) at 86/100. The companies ranked closest are High-Trend International Group (HTCO) at 19 just above it and OceanPal Inc. (OP) at 0 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Marine Shipping. The defenses are then weighted to produce the overall score out of 100.

Why is United Maritime Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for United Maritime Corporation?

The Corporate Default template measures 6 defenses, and USEA scores: Pricing Power (7), Cost Advantage (19), Customer Stickiness (23), Capital Efficiency (9), Resilience (14), Scale & Market Position (13). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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