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Globus Maritime has released their third quarter results

Published by , Editorial Assistant
Dry Bulk,

Globus Maritime Ltd has reported its unaudited consolidated financial results for the third quarter and nine-month period ended 30 September 2023.


  • US$7.7 million in Q323
  • US$24.1 million in 9 months in 2023

Net income

  • US$3.5 million net income in Q323
  • US$4.9 million net income in 9 months in 2023

Adjusted EBITDA

  • US$2.0 million in Q323
  • US$4.2 million in 9 months in 2023

Time Charter Equivalent

  • US$9994 per day in Q323
  • US$8979 per day in 9 months in 2023

3Q23 compared to 3Q22

Net income for 3Q23 amounted to US$3.5 million or US$0.17 basic income per share based on 20 582 301 weighted average number of shares compared to net income of US$4.3 million or US$0.21 basic income per share based on 20 582 301 weighted average number of shares for the same period last year.


During the three-month period ended 30 September 2023, and 2022, revenues reached US$7.7 million and US$15.9 million, respectively. The 52% decrease in revenues was mainly attributed to the decrease in the average time charter rates achieved by vessels during 3Q23 compared to the same period in 2022. Daily Time Charter Equivalent rate (TCE) for 3Q23 was US$9994 per vessel per day against US$15 865 per vessel per day during the same period in 2022 corresponding to a decrease of 37%.

For the full report please follow this link here.

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