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 dry bulk shipping company dedicated to providing marine transportation services on a global scale. The company owns, manages, and operates a fleet of vessels that transport a wide range of dry bulk cargo, including iron ore, coal, grain, steel products, cement, alumina, and other materials. Their fleet is optimized for efficiency and reliability, ensuring timely deliveries across international waters.
The core of their operations revolves around maximizing revenue by offering customers the use of their vessels for transporting bulk commodities. To achieve this, Globus Maritime leverages its subsidiary, which handles in-house commercial and technical management of the vessels. This integrated management approach not only enhances operational efficiency but also provides additional consulting services to an affiliated ship management company.
In recent developments, the company's Board of Directors approved the adoption of a Clawback Policy on November 8, 2023. This policy, effective from October 2, 2023, aligns with the final clawback rules adopted by the Securities and Exchange Commission and the Nasdaq Listing Rule 5608. This move underscores the company's commitment to compliance and transparency in financial matters.
Globus Maritime's current fleet deployment ensures optimal utilization of its vessels, catering to the diverse needs of its global clientele. The company continues to focus on expanding its operations and enhancing its service delivery to maintain its competitive edge in the maritime industry.
Globus Maritime (NASDAQ: GLBS), a dry bulk shipping company, has announced its annual meeting of shareholders. The meeting is scheduled for September 12, 2024, at 11:00 a.m. local time, and will be held at the offices of Globus Shipmanagement Corp. in Glyfada, Greece. Shareholders of record as of August 8, 2024, are eligible to receive notice and vote at the meeting. The company has made the Notice of the Annual Meeting of Shareholders and Proxy Statement available for free on their website in the investors section. Formal notice and proxy statement will be sent to shareholders in due course.
Globus Maritime (NASDAQ: GLBS) reported unaudited financial results for Q1 2024. Revenue decreased to $7.7 million from $8.6 million in Q1 2023. Adjusted EBITDA rose to $2 million from $1.3 million. TCE per day increased to $11,862 from $8,780. The fleet consists of seven dry bulk carriers. The company took delivery of a new Ultramax vessel in January 2024 and sold the Moon Globe vessel for $11.5 million. A $28 million sale and leaseback agreement was entered for another vessel. Net loss was $0.3 million compared to a net income of $2.6 million in Q1 2023. Basic and diluted loss per share was $0.01.
Globus Maritime (NASDAQ: GLBS), a dry bulk shipping company, announced it will release its financial results for Q1 2024 on June 7, 2024, after the market closes.
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