Globus Maritime(GLBS)

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Globus Maritime Sets Date for the Release of First Quarter 2025 Results
Globenewswire· 2025-06-11 20:05
GLYFADA, Greece, June 11, 2025 (GLOBE NEWSWIRE) -- Globus Maritime Limited ("Globus," the “Company”, (“we,” or “our”), (NASDAQ: GLBS), a dry bulk shipping company, announced today that it will release financial results for the three‐month period ended March 31, 2025, after the market closes in New York on Monday, June 16, 2025. About Globus Maritime Limited About Globus Maritime Limited, Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide. The Company’s o ...
Globus Maritime Announces Filing of its 2024 Annual Report on Form 20–F
Globenewswire· 2025-03-14 20:16
GLYFADA, Greece, March 14, 2025 (GLOBE NEWSWIRE) -- Globus Maritime Limited ("Globus," the “Company," “we,” or “our”), (NASDAQ: GLBS), a dry bulk shipping company, announced today that the Company’s annual report on Form 20-F that contains the Company’s audited financial statements for the fiscal year ended December 31, 2024, was filed today with the Securities and Exchange Commission, and may be found on the Company’s website at www.globusmaritime.gr under Investor Relations. Alternatively, shareholders ma ...
Globus Maritime(GLBS) - 2024 Q4 - Annual Report
2025-03-14 20:06
As filed with the Securities and Exchange Commission on March 14, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 Globus Maritime Limited OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL ...
Globus Maritime Announces Agreement to Sell the River Globe, a Supramax Vessel
Globenewswire· 2025-02-11 21:05
GLYFADA, Greece, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Globus Maritime Limited (the “Company” or "Globus") (NASDAQ: GLBS), a dry bulk shipping company, announced today that through a wholly owned subsidiary, it has entered into an agreement to sell to an unaffiliated third party its 2007-built supramax vessel of approximately 53,627 dwt, the m/v River Globe, for a gross price of US$ 8.55 million before commissions and expenses. The vessel is expected to be delivered to its new owner between March 1, 2025, and A ...
Globus Maritime(GLBS) - 2024 Q3 - Quarterly Report
2024-11-29 21:11
Exhibit 99.2 The following is a discussion of our financial condition and results of operations for the nine-month periods ended September 30, 2024 and 2023. Unless otherwise specified herein, references to the "Company", "we" or "our" shall include Globus Maritime Limited (NASDAQ: GLBS) and its subsidiaries. You should read the following discussion and analysis together with our unaudited interim condensed consolidated financial statements as at September 30, 2024 and for the nine-month periods ended Septe ...
Globus Maritime Sets Date for the Release of Third Quarter and Nine Months 2024 Results
GlobeNewswire News Room· 2024-11-27 21:05
GLYFADA, Greece, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that it will release financial results for the three- and nine-months period ended September 30, 2024, after the market closes in New York on Friday, November 29, 2024. About Globus Maritime Limited Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide. The Company’s operating fleet consists of n ...
Globus Maritime Limited Announces Agreements to Purchase Two Vessels
GlobeNewswire News Room· 2024-10-24 20:05
Core Viewpoint - Globus Maritime Limited has signed agreements to acquire two Kamsarmax scrubber outfitted dry bulk vessels, enhancing its fleet capacity and operational capabilities [1][2]. Group 1: Acquisition Details - The first vessel is a 2016-built dry bulk vessel with a carrying capacity of approximately 81,119 dwt, purchased for $27.5 million [1]. - The second vessel is a 2014-built dry bulk vessel with a carrying capacity of approximately 81,817 dwt, purchased for $26.5 million [1]. - Payment for the 2016-built vessel includes $18.0 million upon delivery, with the remaining balance due within one year [1]. - Payment for the 2014-built vessel includes $17.0 million upon delivery, with the remaining balance due within one year [1]. Group 2: Ownership and Approval - Each vessel is owned by an entity controlled by the Chairman of the Board, with the purchase approved by a committee of independent directors and the full Board of Directors [2]. - The vessels are expected to be delivered during the fourth quarter of 2024, subject to standard closing conditions [2]. Group 3: Fleet Expansion - Following the delivery of both vessels, Globus Maritime's fleet will consist of ten dry bulk carriers with a total carrying capacity of approximately 734,249 dwt [2]. - The company currently operates a fleet of eight vessels (excluding the new acquisitions) with a total carrying capacity of 571,313 dwt and a weighted average age of 7.2 years as of October 24, 2024 [3]. Group 4: Company Overview - Globus Maritime Limited is an integrated dry bulk shipping company providing marine transportation services globally, transporting various dry bulk cargoes [3].
Globus Maritime Limited Announces the Delivery of a 2024-Built Ultramax Dry Bulk Vessel “Glbs Magic,” Expanding Fleet to Eight Vessels
GlobeNewswire News Room· 2024-10-02 20:05
GLYFADA, Greece, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Globus Maritime Limited (the "Company" or "Globus") (NASDAQ: GLBS), a dry bulk shipping company, announced today that it took delivery of the M/V "Glbs Magic," a 2024 new built Ultramax dry bulk carrier, on September 20, 2024. The M/V "Glbs Magic" was built at the Nantong COSCO KHI Ship Engineering Co., Ltd. and has a carrying capacity of approximately 64,000 DWT. Athanasios Feidakis President and CEO of Globus commented: "We are pleased to announce the del ...
Globus Maritime(GLBS) - 2024 Q2 - Quarterly Report
2024-09-12 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Exhibit Number Document 99.1 Globus Maritime Limited Reports Financial Results for the Quarter and six month period ended June 30, 2024 99.2 Management's Discussion and Analysis of Financial Condition and Results of Operations and unaudited interim condensed consolidated financial statements as at June 30, 2024 and for the six-month periods ended June 30, 2024 and 2023 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR ...
Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-month period ended June 30, 2024
GlobeNewswire News Room· 2024-09-12 20:05
Financial Performance - The company reported revenue of $9.5 million for Q2 2024, a 22% increase from $7.8 million in Q2 2023, primarily due to higher average time charter rates [18][20] - Net income for Q2 2024 was $3.3 million, compared to a net loss of $1.2 million in Q2 2023, resulting in a basic income per share of $0.16 [17][19] - Adjusted EBITDA for Q2 2024 was $4 million, significantly up from $907,000 in Q2 2023 [16][25] Fleet and Operations - As of September 12, 2024, the company operates a fleet of seven dry bulk carriers, with a total carrying capacity of 507,313 DWT and a weighted average age of 7.9 years [3][35] - All vessels are currently operating on short-term time charters, maintaining high fleet utilization rates of 99.7% in Q2 2024 [4][22] - The company has taken delivery of two new Ultramax vessels in 2024 and has plans for further fleet expansion with two additional vessels expected in 2026 [7][8] Market Conditions - The chartering market in 2024 has been relatively healthy, allowing the company to remain profitable despite geopolitical challenges [6] - The average Daily Time Charter Equivalent (TCE) rate for Q2 2024 was $14,578 per day, a 77% increase from $8,244 per day in Q2 2023 [18][22] Financial Position - Total assets as of June 30, 2024, were $256.3 million, up from $231.4 million at the end of 2023, with total equity increasing to $178.9 million [34] - The company has entered into various financing agreements, including a $28 million sale and leaseback agreement and a $23 million loan facility, to support its operations and fleet expansion [11][12] Recent Developments - The company successfully sold a 2005-built vessel for $11.5 million in May 2024, contributing to its financial gains [13] - A new equity incentive plan was adopted to align the interests of officers and key employees with the company's long-term performance [15]