Globus Maritime Ltd Enters into Agreement to Acquire a 2010-Built Kamsarmax Dry Bulk Carrier Expanding Fleet to Five Vessels.
Athens, Greece, June 23, 2010. Globus Maritime Ltd ("Globus" or the “Company")
(AIM: GLBS), a global shipping transportation company that owns and operates dry bulk
carriers, announces that in line with its fleet renewal programme it has agreed to purchase
for US$41,112,000 from an unaffiliated third party a 79,800 DWT Kamsarmax Bulk Carrier
built in 2010 at an established Chinese yard.
The vessel is expected to be delivered to the Company by the end of June 2010. Upon her
delivery to the Company she will fly the flag of Panama, and continue her deployment
under a bareboat charter for a period of 5 years (plus 1 year at Bareboat Charterers’
option plus another year at Globus’ option) to a Far Eastern shipping entity.
George Karageorgiou, Chief Executive of Globus Maritime, commented: “Consistent with our strategy to own modern assets and seek accretive acquisitions at the proper time, we have today agreed to add a new Kamsarmax vessel to our fleet. This acquisition is expected to significantly enhance our revenue and earnings capacity, while further decreasing the weighted average age of our fleet.”
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 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