Greece’s Seanergy Maritime Holdings has revealed the launch of a new spin-off company that aims to make investments in different shipping markets.

The Nasdaq-listed bulker specialist said United Maritime Corp will begin life with Seanergy’s oldest capesize vessel, the 171,000-dwt Gloriuship (built 2004).

United Maritime has applied for a listing on the Nasdaq Capital Market and is expected to adopt a “diversified business model, with investments across various maritime sectors”, the owner of 17 capesizes said.