Globus Maritime Q2 & Six Month Results
Globus Maritime Limited (AIM: GLBS) (LSE: GLBS), a company with subsidiaries that own and operate Supramax, Panamax, and Kamsarmax dry bulk vessels, reported its unaudited consolidated interim operating and financial results for the three months (Q2-10) and six months (H1-10) period ended June 30, 2010, and declares an interim cash dividend of GB 7.3 pence (US 11.29 cents) per share. All the following figures are in United States Dollars, except for the dividend which is in British Pence. Globus had five vessels at the end of June 2010 versus seven vessels at the end of June 2009. -- Fleet utilization of 98.3% (H1-09: 98.7%). -- Fleet utilization of 100% (Q2-09: 98.9%).
Globus Maritime Delivers Dry Bulk Vessels
Globus Maritime Limited (AIM: GLBS) (LSE: GLBS), the owner and operator of Handymax and Panamax dry bulk vessels, announces that it has delivered the Handymax vessels Coral Globe (built in 1994) and Sea Globe (built in 1995) to their new owners, two unaffiliated third parties. George Karageorgiou, Chief Executive of Globus, said, "We have today concluded the sale of the last two of our vessels built in the mid-1990s. Taking advantage of the cash on our balance sheet and the available bank facilities, we will seek to acquire younger assets that will generate value for our shareholders. Elias Deftereos, Chief Financial Officer, said, "In the middle of turbulent times, Globus has today a very healthy balance sheet as our cash balances today exceed $68.4m.
