Globus Maritime Limited Announces the Delivery of the 2005-Built Panamax Dry Bulk Vessel “Moon Globe”, Expanding Fleet to Six Vessels

Athens, Greece, June 24, 2011 - Globus Maritime Limited ("Globus" or the “Company"), (NASDAQ: GLBS), a dry bulk shipping company, announced that it has taken delivery of the M/V “Moon Globe”, a 2005-built Panamax dry bulk carrier it acquired for a purchase price of $31.4 million, which the Company had previously announced on May 3, 2011.

The M/V “Moon Globe” was built at Hudong-Zhonghua Shipyard in China and has a carrying capacity of 74,432 DWT. Following delivery, the vessel will be chartered back to a Gleamray Maritime Inc. guaranteed nominee until June 2013 at a rate, net of commissions, of $18,000 per day.

Following this acquisition, the fleet of Globus comprises of six modern dry bulk carriers with a total carrying capacity of 394,096 DWT.

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 six dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’ subsidiaries own and operate six vessels with a total carrying capacity of 394,096 DWT. Globus has contracted to acquire another dry bulk vessel expected to be delivered during the third quarter of 2011.

Globus Maritime Limited press release