Globus Maritime Ltd Announces the Delivery of the Supramax Dry Bulk Carrier “Sky Globe”

Athens, Greece, May 20, 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 on May 19, 2010 it took delivery from an unaffiliated third party of the bulk carrier “Sky Globe”, the first 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 “Sky Globe”, built in 2009, is a geared and grab-fitted supramax bulk carrier with a carrying capacity of 56,855 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 “Sky Globe” is employed on the spot market: for her first trip she was chartered by a first class European charterer at the gross rate of US$30,000 per day.

The second vessel, a newbuilding which is currently under construction, will be named “Star Globe” upon her delivery, which is scheduled for later this month. The “Star Globe” has been time chartered 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 “Sky Globe”, a modern Supramax vessel, which expands our fleet to three vessels, further enhancing our ability to generate revenues and profits. This acquisition occurs during this low phase of the shipping cycle, and is expected to significantly enhance our earnings, while decreasing the weighted average age of our fleet. We continue to implement our balanced charter strategy and we have secured period employment for the “Star Globe”. Today, our time charter coverage for the remaining of 2010 stands at 61% at the earliest expiration date (or 70% at the latest). We believe that companies with modern tonnage such us ours will continue to benefit from the improving market dynamics.”

About Globus Maritime Limited

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 two supramax vessels, with a weighted average age of 5.7 years (as at May 19, 2010) and a total carrying capacity of 183,284 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