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Globus acquires ‘Eco’ Kamsarmax

Published by , Assistant Editor
Dry Bulk,

Globus Maritime Limited, a dry bulk shipping company, announced that it has entered into, through a separate wholly owned subsidiary, an agreement with an unaffiliated third party to purchase a 2018-built ‘Eco’ (i.e., with certain fuel efficiency design features) Kamsarmax vessel built by the Jiangsu New Yangzi Shipbuilding yard, for US$27 million. The purchase agreement is subject to standard closing conditions and requirements.

The vessel is expected to be delivered to Globus during 2Q21.

On completion of this acquisition and the acquisition of the Kamsarmax vessel that the company previously agreed to acquire and announced on 18 February 2021, which is also subject to standard closing conditions and requirements, the fleet of Globus is expected to expand to eight modern dry bulk carriers with a total carrying capacity of 544 420 DWT and a weighted average age of 9.9 years (as of 22 March 2021).

Athanasios (‘Thanos’) Feidakis, President and CEO of Globus commented: “We are very pleased to announce yet another agreement to purchase a modern vessel resulting in an increase of our fleet carrying capacity and a decrease of the average age of the fleet.

We are excited to welcome the new vessel into our fleet and operations and believe that its expected long operating life will add value to the company and contribute significantly to our long-term success. The vessel is modern and fuel efficient, and fits our strategy and expansion plans.”

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