Welcome to our dedicated page for Globus Maritime news (Ticker: GLBS), a resource for investors and traders seeking the latest updates and insights on Globus Maritime stock.
Globus Maritime Limited (GLBS) is a global provider of dry bulk shipping services, specializing in the transportation of commodities like iron ore, coal, and grain. This page serves as the definitive source for all official company announcements, financial updates, and operational developments.
Investors and industry stakeholders will find curated press releases covering earnings reports, fleet acquisitions, and strategic partnerships, alongside analysis of market trends impacting maritime logistics. The resource is designed to streamline due diligence by centralizing material information about GLBS's operations and industry positioning.
Content is updated regularly to include new vessel deployments, regulatory compliance milestones, and management commentary. Bookmark this page to monitor how Globus Maritime navigates evolving trade dynamics while maintaining its focus on operational efficiency and safety standards.
Globus Maritime (NASDAQ:GLBS), a dry bulk shipping company, has announced the results of its annual shareholders meeting held in Glyfada, Greece. The shareholders approved three key proposals: the election of George Feidakis as Class III director until 2028, the appointment of Ernst & Young (Hellas) as independent auditors for FY2025, and authorization for potential reverse stock splits.
The most significant development is the approval for one or more reverse stock splits with an aggregate ratio of up to 1-for-20. The exact ratio will be determined by the Board of Directors, who are now authorized to implement these splits through filings with the Marshall Islands' Registrar of Corporations.
Globus Maritime Limited (NASDAQ:GLBS) reported its Q2 and H1 2025 financial results, showing mixed performance amid market volatility. The company recorded revenue of $9.5 million in Q2 2025 and $18.2 million in H1 2025, with a net loss of $1.9 million in Q2 and $3.35 million in H1.
Key metrics include Q2 Time Charter Equivalent (TCE) of $11,444 per day, down 22% from $14,578 in Q2 2024. The company operates a modern fleet of nine dry bulk carriers with an average age of 7.8 years, consisting of six Kamsarmax and three Ultramax vessels. Fleet utilization remained strong at 100% in Q2 2025.
Despite current market challenges, management maintains a positive outlook, citing healthy cargo flows and a modest newbuilding orderbook. The company continues its fleet renewal strategy with two additional fuel-efficient Ultramaxes scheduled for delivery next year.
Globus Maritime (NASDAQ:GLBS), a dry bulk shipping company, has scheduled the release of its Q2 and H1 2025 financial results for Friday, September 19, 2025, after the New York market closes. The company will provide detailed financial performance information for the quarter and six-month period ended June 30, 2025.
Globus Maritime (NASDAQ:GLBS), a dry bulk shipping company, has announced its upcoming Annual Meeting of Shareholders. The meeting will be held on September 25, 2025, at 11:00 a.m. local time at the Globus Shipmanagement Corp. offices in Glyfada, Greece.
Shareholders of record as of July 31, 2025 will be eligible to receive notice and vote at the meeting. The company has made the Notice of Annual Meeting and Proxy Statement available on their website, with formal documentation to be sent to shareholders.
Globus Maritime (NASDAQ: GLBS), a dry bulk shipping company, has announced the filing of its annual report on Form 20-F with the Securities and Exchange Commission for the fiscal year ended December 31, 2024. The report, which includes the company's audited financial statements, is now available on the company's website at www.globusmaritime.gr under the Investor Relations section.
Shareholders can also request a complimentary hard copy of the 2024 Annual Report through the company's Investor Relations Advisor, Capital Link Inc.
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) has completed a $25 million sale and bareboat charter agreement for its bulk carrier GLBS Magic with an unrelated Japanese third party. The vessel, delivered from Nantong Cosco Khi Ship Engineering Co. shipyard in September 2024, will be bareboat chartered back with daily rates starting at $2,250 for the first three years, gradually increasing to $2,950 in the final two years of the ten-year agreement.
The deal includes a variable rate component based on Term SOFR plus 2.1% margin. Globus retains buyback options after the third year and must repurchase the vessel for $15,400,500 at the end of the ten-year term if not bought earlier. The transaction closed on December 23, 2024. The company's fleet now consists of ten dry bulk vessels with a total capacity of 734,249 dwt and an average age of 7.8 years.
Globus Maritime reported its Q3 and 9M 2024 financial results. Q3 revenue reached $9 million with a net loss of $0.6 million, while 9M 2024 showed revenue of $26.2 million with net income of $2.4 million. The company's Time Charter Equivalent rate increased to $13,867 per day in Q3 2024, up 39% from Q3 2023. The fleet consists of nine dry bulk carriers with a total capacity of 652,432 DWT and an average age of 7.4 years. Notable developments include the delivery of a new Ultramax vessel and agreements to acquire two Kamsarmax vessels.
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