Marine Link
Thursday, December 12, 2024

Globus Maritime Sells Handymax Dry Bulk Carrier

Maritime Activity Reports, Inc.

October 13, 2009

Globus Maritime Limited (AIM: GLBS) (LSE: GLBS), a marine transportation company that owns and operates a fleet of Handymax and Panamax dry bulk ocean-going vessels, signed a Memorandum of Agreement with an unaffiliated third party for the sale of the M/V Lake Globe, a 1994-built Handymax dry bulk carrier of approximately 43,216 dwt, for the gross price of $16.5m in cash. Delivery to the new owners is expected to take place between November 1 and November 30, 2009, at the option of Globus. Taking depreciation and amortization into account the Company expects to realize a book loss of approximately $3.5m on this sale. Globus intends to utilize the cash proceeds to repay bank debt and strengthen its liquidity.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week