Globus Maritime Limited ("Globus," the “Company," “we,” or “our”), (NASDAQ: GLBS), a dry bulk shipping company, announced that it has signed two contracts, through its wholly owned subsidiaries, for the construction and purchase of two fuel-efficient bulk carriers of about 64,000 DWT.

The vessels will be built at a reputable shipyard in Japan and are scheduled to be delivered during the second half of 2026. The total consideration for the construction of the vessel is approximately $75.5 million, including various extras. The Company intends to finance with a combination of debt and equity.

Athanasios Feidakis President and CEO of Globus commented: “We are pleased to announce the ordering of our fourth and fifth Ultramax newbuildings from a reputable shipbuilder. We remain consistent in our commitment in renewing our fleet with modern and fuelefficient vessels. Our efforts in enhancing shareholders value and growing our fleet continue to be firm.”

About Globus Maritime Limited

Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of eight dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’ subsidiaries own and operate eight vessels with a total carrying capacity of 567,467 DWT and a weighted average age of 11.2 years as of June 30, 2023.

Globus Maritime Limited press release