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Globus Maritime Limited Announces the Delivery of a 2024-Built Ultramax Dry Bulk Vessel “Glbs Magic,” Expanding Fleet to Eight Vessels

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Globus Maritime (NASDAQ: GLBS), a dry bulk shipping company, announced the delivery of the M/V “Glbs Magic,” a 2024-built Ultramax dry bulk carrier, on September 20, 2024. Built at Nantong COSCO KHI Ship Engineering Co., , the vessel has a carrying capacity of approximately 64,000 DWT. This marks the third Ultramax newbuilding received by Globus this year. The M/V “Glbs Magic” has been chartered to a reputable European operator at a gross daily rate of 124% of the Baltic Supramax Index 10 TC routes for about one year. This acquisition expands Globus' fleet to eight vessels, with a total carrying capacity of around 571,313 DWT.

Globus Maritime (NASDAQ: GLBS), una compagnia di navigazione per carichi secchi, ha annunciato la consegna della M/V “Glbs Magic,” un'Ultramax costruita nel 2024, il 20 settembre 2024. Costruita presso la Nantong COSCO KHI Ship Engineering Co., la nave ha una capacità di carico di circa 64.000 DWT. Questo segna il terzo nuovo edificio Ultramax ricevuto da Globus quest'anno. La M/V “Glbs Magic” è stata affittata a un rinomato operatore europeo a una tariffa giornaliera lorda pari al 124% dell'Indice Baltico Supramax per 10 rotte TC, per circa un anno. Questa acquisizione espande la flotta di Globus a otto navi, con una capacità totale di circa 571.313 DWT.

Globus Maritime (NASDAQ: GLBS), una empresa de transporte marítimo de carga a granel, anunció la entrega del M/V “Glbs Magic,” un transportador de carga a granel Ultramax construido en 2024, el 20 de septiembre de 2024. Construido en Nantong COSCO KHI Ship Engineering Co., el buque tiene una capacidad de carga de aproximadamente 64,000 DWT. Esto marca la tercera nueva construcción Ultramax recibida por Globus este año. El M/V “Glbs Magic” ha sido alquilado a un operador europeo de renombre a una tarifa diaria bruta del 124% de las rutas del Índice Supramax Báltico 10 TC durante aproximadamente un año. Esta adquisición expande la flota de Globus a ocho embarcaciones, con una capacidad total de alrededor de 571,313 DWT.

글로버스 마리타임 (NASDAQ: GLBS), 건화물 해운회사,는 2024년 건조된 울트라맥스 건화물 운반선 M/V “Glbs Magic”의 인도를 2024년 9월 20일에 발표했습니다. 난통 COSCO KHI 조선소에서 건조된 이 선박의 적재 용량은 약 64,000 DWT입니다. 이것은 올해 글로버스가 받은 세 번째 울트라맥스 신조선입니다. M/V “Glbs Magic”는 약 1년 동안 발트 수프라마크스 지수 10 TC 경로의 124%에 해당하는 총액 일일 요금으로 명망 있는 유럽 운영자에게 임대되었습니다. 이 인수는 글로버스의 수송선단을 8척으로 확장하며, 총 적재 용량은 약 571,313 DWT입니다.

Globus Maritime (NASDAQ: GLBS), une entreprise de transport maritime de vrac sec, a annoncé la livraison du M/V “Glbs Magic,” un porte-conteneurs Ultramax construit en 2024, le 20 septembre 2024. Construit par Nantong COSCO KHI Ship Engineering Co., le navire a une capacité de charge d'environ 64 000 DWT. Cela marque le troisième nouveau bâtiment Ultramax reçu par Globus cette année. Le M/V “Glbs Magic” a été affrété à un opérateur européen réputé à un tarif journalier brut correspondant à 124% de l'indice Baltic Supramax pour 10 itinéraires TC pendant environ un an. Cette acquisition élargit la flotte de Globus à huit navires, avec une capacité totale d'environ 571 313 DWT.

Globus Maritime (NASDAQ: GLBS), ein Unternehmen für den Transport von Trockenlasten, hat die Lieferung des M/V “Glbs Magic,” eines 2024 gebauten Ultramax-Trockenfrachtschiffes, am 20. September 2024 angekündigt. Das Schiff wurde von Nantong COSCO KHI Ship Engineering Co. gebaut und hat eine Tragfähigkeit von etwa 64.000 DWT. Dies markiert den dritten Ultramax-Neubau, den Globus in diesem Jahr erhalten hat. Das M/V “Glbs Magic” wurde für etwa ein Jahr an einen renommierten europäischen Betreiber zu einem Bruttotagespreis von 124% des Baltic Supramax Index für 10 TC-Routen chartered. Diese Akquisition erweitert die Flotte von Globus auf acht Schiffe, mit einer Gesamttragfähigkeit von etwa 571.313 DWT.

Positive
  • Delivery of a new 2024-built Ultramax dry bulk carrier increases fleet to eight vessels.
  • M/V “Glbs Magic” chartered at 124% of the Baltic Supramax Index 10 TC routes for one year.
  • Total fleet carrying capacity now approximately 571,313 DWT.
Negative
  • None.

Insights

The delivery of the M/V "Glbs Magic" marks a significant expansion for Globus Maritime, increasing its fleet to eight vessels with a total capacity of 571,313 DWT. This 12.5% increase in fleet size strengthens the company's position in the dry bulk shipping market.

The new Ultramax vessel, built at a reputable shipyard, enhances the fleet's efficiency and earning potential. Its immediate charter to a European operator at 124% of the Baltic Supramax Index for about a year is particularly noteworthy, as it secures above-market rates in a volatile shipping environment.

With a fleet average age of 7.1 years, Globus maintains a relatively modern fleet, which typically translates to lower operational costs and higher charter rates. The focus on Ultramax vessels, known for their versatility, positions the company well to adapt to changing market demands across various dry bulk commodities.

This strategic expansion could potentially lead to improved financial performance and market share for Globus, although investors should monitor how effectively the company manages the increased operational scale and any associated debt from the newbuild acquisition.

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 delivery of our third Ultramax newbuilding this year from an esteemed shipbuilder. Following its delivery M/V “Glbs Magic” has been chartered out to a reputable European Operator at a gross daily rate equal to 124% Baltic Supramax Index 10 TC routes for a period of about one year. This acquisition increases the Company’s fleet to eight dry bulk carriers with a total carrying capacity of approximately 571,313 DWT.”

About Globus Maritime Limited

Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns (or charters through finance leases), operates and manages a fleet of eight dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’ subsidiaries own or charter in and operate eight vessels with a total carrying capacity of approximately 571,313 DWT and a weighted average age of 7.1 years as of September 20, 2024.

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 Feidakisa.g.feidakis@globusmaritime.gr 
Capital Link – New York+1 212 661 7566
Nicolas Bornozisglobus@capitallink.com 
  

FAQ

When was the M/V “Glbs Magic” delivered?

The M/V “Glbs Magic” was delivered on September 20, 2024.

What is the carrying capacity of the M/V “Glbs Magic”?

The M/V “Glbs Magic” has a carrying capacity of approximately 64,000 DWT.

How many vessels does Globus Maritime currently operate?

Globus Maritime currently operates eight dry bulk vessels.

What is the charter rate for the M/V “Glbs Magic”?

The M/V “Glbs Magic” is chartered at a gross daily rate of 124% of the Baltic Supramax Index 10 TC routes.

What is the total carrying capacity of Globus Maritime ’s fleet?

The total carrying capacity of Globus Maritime ’s fleet is approximately 571,313 DWT.

Globus Maritime Limited

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