Globus Maritime Limited Signs – GuruFocus.com

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GLYFADA, Greece, May 18, 2022 (GLOBE NEWSWIRE) — Globus Maritime Limited (“Globus”, the “Company”, “we” or “our”), (GLBS), a dry bulk shipping company, announced today today that it has signed two contracts for the construction and purchase of two fuel-efficient bulk carriers of approximately 64,000 DWT each. delivery during the third quarter of 2024 and the second expected during the fourth quarter of 2024. The total consideration for the construction of the two vessels is approximately $70.3 million, which the Company intends to finance, such as the new construction announced on May 10, 2022, with a combination of debt and cash, although the Company will continue to explore the best options at the time of the relevant financing.

Athanasios Feidakis, President and CEO of Globus, said:

“We are pleased to announce the order of our second and third new Ultramax vessels from a reputable shipbuilder. On a regular basis, we continue to strive for improved shareholder value and growth. Our new vessels are designed with what we believe to be high technological standards, giving us confidence that vessels should be better equipped to meet the challenges of our industry.

About Globus Maritime Limited

Globus is an integrated dry bulk shipping company that provides shipping services worldwide and currently 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.

Forward-looking statement

This communication contains “forward-looking statements” as defined by US federal securities laws. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or are not current facts or conditions. . Words or phrases such as “anticipate”, “believe”, “could”, “continue”, “estimate”, “expect”, “intend”, “may”, “in progress” , “plan”, “potential”, “predict”, “project”, “should”, “will” or similar words or expressions, or the negatives of such words or expressions, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company’s actual results could differ materially from those anticipated in the forward-looking statements for numerous reasons specifically described in the Company’s filings with the Securities and Exchange Commission. Accordingly, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this communication. Globus undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this communication or to reflect the occurrence of unforeseen events. You should, however, review the factors and risks described by Globus in reports it will file from time to time with the Securities and Exchange Commission after the date of this communication.

For more information, please contact:

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