Globus Maritime Limited Announces The Delivery Of A 2024-Built Ultramax Dry Bulk Vessel “Glbs Magic,” Expanding Fleet To Eight Vessels

The M/V“Glbs Magic” was built at the Nantong COSCO KHI Ship Engineering Co., Ltd. and has a carrying capacity of approximately 64,000 DWT.

Athanasios Feidakis President and CEO of Globus commented:

“ We are pleased to announce the delivery of our third Ultramax newbuilding this year from an esteemed shipbuilder. Following its delivery M/V“Glbs Magic” has been chartered out to a reputable European Operator at a gross daily rate equal to 124% Baltic Supramax Index 10 TC routes for a period of about one year. This acquisition increases the Company's fleet to eight dry bulk carriers with a total carrying capacity of approximately 571,313 DWT.”

About Globus Maritime Limited

Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns (or charters through finance leases), 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 or charter in and operate eight vessels with a total carrying capacity of approximately 571,313 DWT and a weighted average age of 7.1 years as of September 20, 2024.

Safe Harbor Statement

This communication contains“forward-looking statements” as defined under U.S. federal securities laws. Forward-looking statements provide the Company's current expectations or forecasts of future events. Forward-looking statements include statements about the Company's expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as“anticipate,”“believe,”“continue,”“estimate,”“expect,”“intend,”“may,”“ongoing,”“plan,”“potential,”“predict,”“project,”“will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company's actual results could differ materially from those anticipated in forward-looking statements for many reasons specifically as described in the Company's filings with the Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Globus undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this communication or to reflect the occurrence of unanticipated events. You should, however, review the factors and risks Globus describes in the reports it files from time to time with the Securities and Exchange Commission.

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