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Globus Maritime Limited - GLBS STOCK NEWS

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.

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Globus Maritime (NASDAQ: GLBS) reported its Q2 and H1 2024 financial results. Key highlights include:

- Q2 2024 revenue: $9.5 million
- Q2 2024 net income: $3.3 million
- Q2 2024 Adjusted EBITDA: $4 million
- Q2 2024 Time Charter Equivalent (TCE): $14,578 per day

The company delivered two new Ultramax vessels in 2024: GLBS Hero (64,000 DWT) in January and GLBS Might (64,000 DWT) in August. Globus also sold its 2005-built Moon Globe for $11.5 million. The company's fleet now consists of seven dry bulk carriers with a weighted average age of 7.9 years.

Globus secured new financing, including a $28 million sale and leaseback agreement for GLBS Might and a $23 million loan facility for GLBS Hero. The company remains focused on fleet renewal and expansion with modern, fuel-efficient vessels.

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Globus Maritime (NASDAQ: GLBS), a dry bulk shipping company, held its annual meeting of shareholders on September 12, 2024, in Glyfada, Greece. The shareholders approved two key proposals:

1. The election of Mr. Jeffrey O. Parry and Ms. Christina Tampourea as Class II directors, who will serve until the 2027 Annual Meeting of Shareholders.

2. The appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the company's independent auditors for the fiscal year ending December 31, 2024.

These decisions reflect the company's commitment to corporate governance and financial transparency.

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Globus Maritime (NASDAQ: GLBS), a dry bulk shipping company, has announced that it will release its financial results for the second quarter and first half of 2024 on Thursday, September 12, 2024, after the New York market closes. The company, based in Glyfada, Greece, operates in the dry bulk shipping sector and is listed on the NASDAQ stock exchange. This upcoming financial report will provide investors and analysts with important information about Globus Maritime's performance during the first six months of 2024, potentially impacting the company's stock price and market perception.

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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.

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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.

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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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Globus Maritime (GLBS) filed its annual report for 2023 with the SEC, showcasing audited financial statements. Shareholders can access it online or request a hard copy for free.
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Globus Maritime Limited (GLBS) has acquired the M/V 'Glbs Hero,' a new-built Ultramax dry bulk carrier, for a purchase price of [amount not provided]. This acquisition is expected to contribute to the company's expansion in the dry bulk shipping sector.
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NASDAQ: GLBS - Globus Maritime Limited Reports Strong Financial Performance in Q3 2023
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NASDAQ: GLBS - Globus Maritime Limited to Release Q3 2023 Financial Results on November 16, 2023
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FAQ

What is the current stock price of Globus Maritime (GLBS)?

The current stock price of Globus Maritime (GLBS) is $1.7 as of September 12, 2024.

What is the market cap of Globus Maritime (GLBS)?

The market cap of Globus Maritime (GLBS) is approximately 33.8M.

What services does Globus Maritime Limited provide?

Globus Maritime Limited provides marine transportation services globally, specializing in the transport of dry bulk cargo such as iron ore, coal, grain, and more.

What type of cargo does Globus Maritime transport?

The company transports various dry bulk cargo including iron ore, coal, grain, steel products, cement, and alumina.

How does Globus Maritime manage its fleet?

Globus Maritime manages its fleet through a subsidiary that provides in-house commercial and technical management, as well as consulting services to an affiliated ship management company.

What recent policy has Globus Maritime adopted?

On November 8, 2023, Globus Maritime adopted a Clawback Policy to comply with SEC rules and Nasdaq Listing Rule 5608, effective from October 2, 2023.

What is the significance of the Clawback Policy for Globus Maritime?

The Clawback Policy ensures compliance with SEC regulations and Nasdaq standards, promoting transparency and accountability in financial reporting.

How does Globus Maritime generate revenue?

The company generates revenue by charging customers for the use of its vessels to transport dry bulk commodities across international waters.

What makes Globus Maritime's management approach unique?

Globus Maritime's integrated management approach, through its subsidiary, enhances operational efficiency and offers additional consulting services, setting it apart in the industry.

What is the current operational focus of Globus Maritime?

The company focuses on optimizing fleet deployment and expanding operations to maintain its competitive edge in the dry bulk shipping industry.

Who are the primary customers of Globus Maritime?

The primary customers are international entities that require marine transportation for dry bulk commodities.

What are the key components of Globus Maritime's fleet?

The fleet consists of various dry bulk vessels designed for efficiency and reliability in transporting a diverse range of bulk cargo.

Globus Maritime Limited

Nasdaq:GLBS

GLBS Rankings

GLBS Stock Data

33.75M
20.58M
26.53%
7.17%
4.46%
Marine Shipping
Industrials
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United States of America
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