Globus Maritime Announces Agreement to Sell the River Globe, a Supramax Vessel
Globus Maritime (NASDAQ: GLBS) has announced an agreement to sell its 2007-built supramax vessel, the m/v River Globe, to an unaffiliated third party for $8.55 million before commissions and expenses. The vessel, with approximately 53,627 dwt capacity, is scheduled for delivery to its new owner between March 1, 2025, and April 15, 2025.
The company currently operates a fleet of ten dry bulk vessels with a total carrying capacity of 734,249 dead weight tons and a weighted average age of 7.9 years as of February 11, 2025. These vessels transport various dry bulk cargoes including iron ore, coal, grain, steel products, cement, and alumina worldwide.
Globus Maritime (NASDAQ: GLBS) ha annunciato un accordo per vendere la sua nave supramax del 2007, la m/v River Globe, a una terza parte non affiliata per 8,55 milioni di dollari prima delle commissioni e delle spese. La nave, con una capacità di circa 53.627 dwt, è prevista per la consegna al nuovo proprietario tra il 1° marzo 2025 e il 15 aprile 2025.
L'azienda attualmente opera una flotta di dieci navi a secco con una capacità di carico totale di 734.249 tonnellate di portata morta e un'età media ponderata di 7,9 anni al 11 febbraio 2025. Queste navi trasportano vari carichi a secco, tra cui minerale di ferro, carbone, cereali, prodotti siderurgici, cemento e allumina in tutto il mondo.
Globus Maritime (NASDAQ: GLBS) ha anunciado un acuerdo para vender su buque supramax de 2007, el m/v River Globe, a una tercera parte no relacionada por 8,55 millones de dólares antes de comisiones y gastos. El buque, con una capacidad de aproximadamente 53.627 dwt, está programado para ser entregado a su nuevo propietario entre el 1 de marzo de 2025 y el 15 de abril de 2025.
La empresa actualmente opera una flota de diez buques de carga seca con una capacidad total de 734.249 toneladas de peso muerto y una edad media ponderada de 7,9 años a partir del 11 de febrero de 2025. Estos buques transportan varios tipos de carga seca, incluyendo mineral de hierro, carbón, granos, productos de acero, cemento y alúmina en todo el mundo.
글로버스 해운 (NASDAQ: GLBS)는 2007년 건조된 수프라마크스 선박인 m/v River Globe를 비연관 제3자에게 8.55 백만 달러에 판매하기로 합의했다고 발표했습니다. 이 선박은 약 53,627 dwt의 용량을 가지고 있으며, 2025년 3월 1일과 2025년 4월 15일 사이에 새로운 소유자에게 인도될 예정입니다.
회사는 현재 총 734,249 중량톤의 적재 용량을 가진 10척의 벌크선으로 구성된 함대를 운영하고 있으며, 2025년 2월 11일 기준으로 평균 7.9세입니다. 이들 선박은 전 세계적으로 철광석, 석탄, 곡물, 철강 제품, 시멘트 및 알루미나 등 다양한 벌크 화물을 운송합니다.
Globus Maritime (NASDAQ: GLBS) a annoncé un accord pour vendre son navire supramax construit en 2007, le m/v River Globe, à un tiers non affilié pour 8,55 millions de dollars avant commissions et frais. Le navire, avec une capacité d'environ 53 627 dwt, est prévu pour livraison à son nouveau propriétaire entre le 1er mars 2025 et le 15 avril 2025.
La société exploite actuellement une flotte de dix navires de charge sèche ayant une capacité de transport totale de 734 249 tonnes de port en lourd et une moyenne d'âge pondérée de 7,9 ans au 11 février 2025. Ces navires transportent divers chargements de matières sèches, y compris du minerai de fer, du charbon, des céréales, des produits en acier, du ciment et de l'alumine à l'échelle mondiale.
Globus Maritime (NASDAQ: GLBS) hat eine Vereinbarung bekannt gegeben, seine 2007 gebaute Supramax-Edschiff, die m/v River Globe, an eine nicht verbundene dritte Partei für 8,55 Millionen Dollar vor Provisionen und Ausgaben zu verkaufen. Das Schiff, mit einer Kapazität von ca. 53.627 dwt, ist für die Lieferung an den neuen Eigentümer zwischen dem 1. März 2025 und dem 15. April 2025 geplant.
Das Unternehmen betreibt derzeit eine Flotte von zehn Massengutschiffen mit einer Gesamttragfähigkeit von 734.249 toten Gewichtstonnen und einem gewichteten Durchschnittsalter von 7,9 Jahren zum 11. Februar 2025. Diese Schiffe transportieren verschiedene Massengüter, einschließlich Eisenerz, Kohle, Getreide, Stahlprodukte, Zement und Alumina weltweit.
- Sale agreement of River Globe vessel for $8.55 million improves company's cash position
- Fleet's relatively young average age of 7.9 years indicates modern assets
- Reduction in fleet size and carrying capacity following vessel sale
- Sale price might be affected by vessel's age (18 years old in 2025)
Insights
The sale of the River Globe for
The transaction will reduce Globus's fleet to 9 vessels and decrease total carrying capacity by approximately 53,627 dwt, representing about
From a financial perspective, the sale price appears reasonable for a 2007-built supramax, considering current market valuations and the vessel's age. The proceeds could strengthen Globus's balance sheet, potentially being used for debt reduction, fleet renewal, or strategic opportunities in the current market cycle.
The flexible delivery window between March 1 and April 15, 2025, suggests a well-structured deal that allows for operational continuity while completing existing commitments. This timing coincides with traditionally stronger seasonal patterns in dry bulk shipping, potentially maximizing the vessel's utility until handover.
The strategic rationale appears sound as shipping companies increasingly focus on younger, more fuel-efficient vessels to meet environmental regulations and charterer preferences. This disposal could position Globus for future fleet renewal opportunities while maintaining operational efficiency and competitive positioning in the dry bulk market.
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
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 operating fleet consists of ten dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally, with a total carrying capacity of 734,249 dead weight tons and a weighted average age of 7.9 years as at February 11, 2025.
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 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 |
FAQ
What is the sale price of GLBS's River Globe vessel?
When will GLBS deliver the River Globe vessel to its new owner?
What is the current fleet size of GLBS after the River Globe sale?
What is the average age of GLBS's fleet as of February 2025?
What is the total carrying capacity of GLBS's current fleet?
