Globus Maritime Limited Announces the Acquisition of a 2018-Built “Eco” Kamsarmax Dry Bulk Carrier
March 23 2021 - 9:00AM
Globus Maritime Limited (the “Company” or "Globus") (NASDAQ: GLBS),
a dry bulk shipping company, announced today that it has entered
into, through a separate wholly owned subsidiary, an agreement with
an unaffiliated third party to purchase a 2018-built “Eco” (i.e.,
with certain fuel efficiency design features) Kamsarmax vessel
built by the Jiangsu New Yangzi Shipbuilding yard, for $27 million.
The purchase agreement is subject to standard closing conditions
and requirements.
The vessel is expected to be delivered to Globus
during the second quarter of 2021.
On completion of this acquisition and the
acquisition of the Kamsarmax vessel that the Company previously
agreed to acquire and announced on February 18, 2021, which is also
subject to standard closing conditions and requirements, the fleet
of Globus is expected to expand to eight modern dry bulk carriers
with a total carrying capacity of 544,420 deadweight tons and a
weighted average age of 9.9 years (as of March 22, 2021).
Athanasios (“Thanos”) Feidakis, President and
CEO of Globus commented:
“We are very pleased to announce yet another
agreement to purchase a modern vessel resulting in an increase of
our fleet carrying capacity and a decrease of the average age of
the fleet.
We are excited to welcome the new vessel into
our fleet and operations and believe that its expected long
operating life will add value to the Company and contribute
significantly to our long-term success. The vessel is modern and
fuel efficient, and fits our strategy and expansion plans.”
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 381,738 Dwt and a weighted average age of 11.2 years as
of December 31, 2020.
Safe Harbor Statement
This communication contains “forward-looking
statements” as defined under U.S. 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 that are not present
facts or conditions. Words or phrases such as “anticipate,”
“believe,” “continue,” “estimate,” “expect,” “intend,” “may,”
“ongoing,” “plan,” “potential,” “predict,” “project,” “will” or
similar words or phrases, or the negatives of those words or
phrases, 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 forward-looking statements for many
reasons specifically as described in the Company’s filings with the
Securities and Exchange Commission. Accordingly, you should not
unduly rely 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 unanticipated events.
You should, however, review the factors and risks Globus describes
in the reports it files from time to time with the Securities and
Exchange Commission.
For further information please
contact:
Globus Maritime LimitedAthanasios FeidakisCapital Link – New
YorkNicolas Bornozis |
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+30 210 960 8300a.g.feidakis@globusmaritime.gr+1 212 661
7566globus@capitallink.com |
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