Globus Maritime Ltd Announces the Delivery of the New Supramax Dry Bulk Carrier “Star Globe”
Athens, Greece, May 25, 2010. Globus Maritime Ltd ("Globus" or the “Company") (AIM: GLBS), a
global shipping transportation company that owns and operates Supramax and Panamax dry bulk
carriers, announces that it took delivery from an unaffiliated third party of the bulk carrier “Star Globe”,
the second of two sistership-vessels it had previously agreed to acquire for US$32,825,000 each as
announced on April 8, 2010.
The M/V “Star Globe”, built in May 2010, is a geared and grab-fitted supramax bulk carrier with a
carrying capacity of 56,868 dwt. The vessel was financed from the Company’s existing bank facility
and cash balances, and will fly the Marshall Islands flag. Following the delivery, the “Star Globe”
began a time charter to Transgrain Shipping at the gross rate of US$22,000 per day for a minimum of
11 to a maximum of 13 months.
George Karageorgiou, Chief Executive of Globus Maritime, commented: “We are pleased to have
taken delivery of the “Star Globe”, a modern Supramax vessel, which expands our fleet to four
vessels, further enhancing our ability to generate revenues and profits, while decreasing the weighted
average age of our fleet.”
Globus is a global provider of seaborne transportation services for dry bulk cargoes, including among others iron ore, coal, grain, cement, and fertilizers, along worldwide shipping routes. Currently, Globus owns and operates one panamax and three supramax vessels, with a weighted average age of 4.4 years (as at May 31, 2010) and a total carrying capacity of 240,152 DWT. All vessels are geared and fitted with grabs.
Globus is listed on the AIM of the London Stock Exchange under ticker GLBS. Jefferies International Limited is acting as nominated adviser and broker to the Company.
Globus Maritime Limited