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 reports developments for an integrated dry bulk shipping company that provides marine transportation services worldwide. Its subsidiaries own and operate dry bulk carriers, including Kamsarmax and Ultramax vessels, used to transport iron ore, coal, grain, steel products, cement, alumina and other bulk cargoes internationally.
Company news commonly covers quarterly and annual financial results, time-charter-equivalent performance, freight-rate conditions, vessel employment, fleet composition and vessel transactions. Other recurring items include financing arrangements for vessels, annual shareholder meetings, auditor appointments, share-capital proposals and environmental operating updates such as preparation for maritime regulations and completed biofuel testing.
On March 23, 2021, Globus Maritime Limited (NASDAQ: GLBS) announced its agreement to purchase a Kamsarmax vessel from Jiangsu New Yangzi Shipbuilding for $27 million. This acquisition is pending standard closing conditions and is expected to enhance the fleet during Q2 2021. Following this purchase and a previous acquisition, the fleet will expand to eight vessels, totaling 544,420 deadweight tons and decreasing the average vessel age to 9.9 years. The company aims to increase carrying capacity and fuel efficiency, reinforcing its strategic growth.
Globus Maritime Limited (NASDAQ: GLBS) announced that CEO Athanasios Feidakis will present at the Inaugural Emerging Growth Virtual Conference from March 17-19, 2021. This event, hosted by M Vest LLC and Maxim Group LLC, will feature numerous discussions with industry leaders in Shipping, Healthcare, and Technology. Attendees can join the conference by signing up for M-Vest membership. Globus operates a fleet of six dry bulk vessels, transporting various cargoes globally, with a total capacity of 381,738 Dwt.
Globus Maritime Limited (NASDAQ: GLBS) announced the securing of a new charter for its vessel MV Sky Globe, a Supramax dry bulk carrier. The charter commenced on March 2, 2021, with a minimum duration of four months, potentially extending to six months. This deal is projected to generate approximately $1.67 million in gross revenue for the minimum duration, and up to $3.1 million if extended to the maximum duration. The company aims to cover about 84% of its projected fleet operating expenses for 2021 through this charter.
On February 17, 2021, Globus Maritime Limited (NASDAQ: GLBS) successfully closed a registered direct offering of 4.8 million common shares, resulting in gross proceeds of approximately $30 million. The offering was facilitated by Maxim Group LLC. Additionally, Globus has entered into an agreement to purchase a Kamsarmax vessel for $16.5 million, with potential price adjustments based on delivery dates. Following this acquisition, Globus's fleet will grow to seven vessels with an aggregate capacity of 462,393 deadweight tons, enhancing its operational capabilities in the dry bulk shipping market.
Globus Maritime Limited (NASDAQ: GLBS) announced a registered direct offering to issue 4.8 million common shares and warrants for a total of approximately $30 million. Each common share and warrant has a purchase price of $6.25, and warrants will be exercisable immediately at the same price for five and a half years. The offering is expected to close around February 17, 2021. Maxim Group LLC acts as the placement agent. The shares are offered under an effective shelf registration statement filed with the SEC.
Globus Maritime Limited (NASDAQ: GLBS) has announced a new charter for its vessel Sun Globe, a Supramax dry bulk carrier, commencing February 1, 2021. This charter has a minimum duration of four months, with potential extension up to six months, generating estimated gross revenue of $1.25 million to $2.3 million based on duration. CEO Athanasios Feidakis noted that securing this charter covers approximately 65% of projected operating expenses for 2021.
On January 27, 2021, Globus Maritime Limited (GLBS) announced a registered direct offering involving 2.6 million common shares and warrants for an estimated gross proceeds of approximately $16.3 million. The purchase price is set at $6.25 per common share, with warrants exercisable immediately at the same price. Additionally, the exercise price of previously issued warrants has been reduced from $8.50 to $6.25. The offering is expected to close on or about January 29, 2021, subject to customary conditions. Maxim Group LLC is the sole placement agent for this transaction.
Globus Maritime Limited (NASDAQ: GLBS) announced a new time charter for its vessel Star Globe, a 56,867-deadweight ton Supramax dry bulk carrier, effective January 13, 2021. The contract has a minimum duration of five months and a maximum of eight months, potentially generating gross revenue of approximately $1.4 million to $2.6 million, depending on duration. This agreement, along with previous charters, is expected to cover about 50% of the company’s projected fleet operating expenses for 2021, reinforcing the company’s strategy to leverage favorable market conditions.
On January 6, 2021, Globus Maritime Limited (NASDAQ: GLBS) announced a new time charter for its vessel Moon Globe. The charter, starting January 21, 2021, has a minimum duration of three months and can extend up to six months, potentially generating gross revenues of approximately $1.3 million for the minimum and $2.4 million for the maximum duration. This secures about 40% of the company's projected fleet operating expenses for 2021, indicating a strong start for the year.
On December 9, 2020, Globus Maritime Limited (NASDAQ: GLBS) completed a registered direct offering of 1,256,765 common shares, 155,000 pre-funded warrants, and warrants for an additional 1,270,587 common shares. The company raised approximately $12 million before deducting fees and expenses. This offering was conducted under an effective shelf registration statement filed with the SEC. The company operates six dry bulk vessels with a total capacity of 381,738 Dwt as of December 7, 2020, and focuses on transporting a variety of dry bulk cargoes.