Globus Maritime Limited Signs New Building Agreements for the Acquisition of two Fuel Efficient 64,000-DWT Motor Bulk Carriers
May 18 2022 - 04:05PM
GlobeNewswire Inc.
Globus Maritime Limited ("Globus," the “Company," “we,” or “our”),
(NASDAQ: GLBS), a dry bulk shipping company, announced today that
it has signed two contracts for the construction and purchase of
two fuel efficient bulk carriers of about 64,000 DWT each. The
sister ships will be built at Nantong COSCO KHI Ship Engineering
Co., Ltd. in China with the first one scheduled to be delivered
during the third quarter of 2024 and the second one scheduled
during the fourth quarter of 2024. The total consideration for the
construction of both vessels is approximately $70.3 million, which
the Company intends to finance, like the newbuilding announced on
May 10, 2022, with a combination of debt and cash on hand, although
the Company will continue to explore the best options at the
relevant financing time.
Athanasios Feidakis President and CEO of
Globus commented:
“We are pleased to announce the ordering of our
second and third Ultramax newbuildings from a reputable
shipbuilder. Steadily, we continue to try and enhance shareholder
value and growth. Our newbuildings are being designed with what we
believe to be high technological standards, which gives us comfort
that the ships should be better equipped to handle challenges in
our industry.”
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 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 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,” “can,” “continue,” “estimate,” “expect,” “intend,”
“may,” “ongoing,” “plan,” “potential,” “predict,” “project,”
“should,” “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 at 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 will file from time to
time with the Securities and Exchange Commission after the date of
this communication.
For further information please
contact:
Globus Maritime Limited |
+30 210 960 8300 |
Athanasios Feidakis |
a.g. feidakis@globusmaritime.gr |
|
|
Capital Link – New York |
+1 212 661 7566 |
Nicolas Bornozis |
globus@capitallink.com |
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