Globus Maritime Receives Drybulk Carrier Sky Globe

Thursday, May 20, 2010

Globus Maritime Ltd (AIM: GLBS) (LSE: GLBS) announced that on May 19, 2010 it took delivery from an unaffiliated third party of the bulk carrier Sky Globe, the first of two sistership-vessels it had previously agreed to acquire for $32,825,000 each as announced on April 8, 2010.
The M/V Sky Globe, built in 2009, is a geared and grab-fitted supramax bulk carrier with a carrying capacity of 56,855 dwt. The vessel was financed from the Company's existing bank facility and cash balances, and will fly the Marshall Islands flag.

Following the delivery, the Sky Globe is employed on the spot market: for her first trip she was chartered by a first class European charterer at the gross rate of $30,000 per day.

The second vessel, a newbuilding which is currently under construction, will be named Star Globe upon her delivery, which is scheduled for later this month. The Star Globe has been time chartered to Transgrain Shipping at the gross rate of $22,000 per day for a minimum of 11 to a maximum of 13 months.

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