Globus Maritime Signs Contract for Fuel-Efficient Bulker Newbuilds

Share it now

Nasdaq-listed dry bulk shipping company Globus Maritime Limited has announced that it has signed contracts for the construction and purchase of two fuel-efficient bulk carriers. The vessels, with a capacity of approximately 64,000 deadweight tons (dwt), will be built at an undisclosed shipyard in Japan and are expected to be delivered in the second half of 2026. The total cost for the construction of the vessels is estimated to be around $75.5 million, which includes various additional expenses. Globus Maritime plans to finance the project through a combination of debt and equity.

The company’s President and CEO, Athanasios Feidakis, expressed satisfaction with the order, stating that it aligns with their commitment to renewing their fleet with modern and fuel-efficient vessels. This announcement comes after Globus Maritime recently signed a term loan facility with First Citizens Bank & Trust Company for an additional borrowing of $25 million, bringing the total loan facility to $77.25 million. As part of the loan agreement, the company has pledged two of its unencumbered ships, the Diamond Globe and Power Globe, as collateral.

Globus Maritime Limited currently operates and manages a fleet of eight dry bulk vessels, which transport a variety of dry bulk cargoes internationally. The fleet has a total carrying capacity of 567,467 dwt and an average age of 11.2 years.

Source .


Share it now