Globus Maritime Limited Signs New Building Agreement for the Acquisition of one Fuel Efficient 64,000-DWT Motor Bulk Carrier

Glyfada, Greece - May 10, 2022

Globus Maritime Limited ("Globus," the "Company," "we," or "our"), (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has signed a contract for the construction and purchase of one fuel efficient bulk carrier of about 64,000 DWT.

The vessel will be built at Nihon Shipyard Co. in Japan and is scheduled to be delivered during the first half of 2024.

The total consideration for the construction of the vessel is approximately $37.5 million, which the Company intends to finance with a combination of debt and equity.

Athanasios Feidakis President and CEO of Globus commented:
"We are pleased to announce the ordering of our first Ultramax new building in what we believe to be a high-quality shipbuilder. This order confirms our continuous commitment to grow the Company, while also taking into consideration the latest trends in environmental regulations affecting our industry. We are very excited to commence this project with a well-respected shipyard. We are continuously exploring opportunities for further growth and modernization of our fleet."

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 nine dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally.

Globus' subsidiaries own and operate nine vessels with a total carrying capacity of 626,257 DWT and a weighted average age of 10.4 years as of March 31, 2022.

Globus Maritime Limited press release