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Athens, Greece, May 21, 2015 Globus Maritime Limited ("Globus," the “Company," “we,” or “our”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has entered into a binding agreement to sell to an unaffiliated third party its 1998-built panamax vessel, of 72,928 dwt, m/v Tiara Globe, for a gross price of US$5.5 million. The vessel is scheduled to be delivered to its new owners during the periods June 20, 2015 through July 25, 2015 the latest. Commenting on the sale, Georgios K. Karageorgiou, President and CEO of Globus Maritime stated: “This transaction is in line with the company’s strategy to prudently divest assets that do not fit the profile of its fleet and further strengthen its balance sheet. Upon the conclusion of this sale, the weighted average age of our fleet will be reduced from 8.5 years to 6.8 years.” About Globus Maritime Limited Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’ subsidiaries own and operate seven vessels with a total carrying capacity of 452,886 dwt (including m/v Tiara Globe) and a weighted average age of 8.5 years as of May 20, 2015. Globus Maritime Limited press release |
