Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes internationally. Its operations are managed by its Athens, Greece-based wholly owned subsidiary, Globus Shipmanagement Corp., who the company refers to as its manager, who provides in-house commercial and technical management for its vessels. The company’s manager enters into a ship management agreement with each of its wholly owned vessel-owning subsidiaries to provide services that include managing day-to-day vessel operations, such as supervising the crewing, supplying, and maintaining of vessels and other services. The company and its manager have developed relationships with various international charterers, vessel brokers, financial institutions, insurers, and shipbuilders. The company has also developed a network of relationships with vessel brokers who help facilitate vessel charters and acquisitions. As of December 31, 2013, the company’s fleet consisted a total of seven dry bulk vessels, including two Panamax, four Supramaxes, and one Kamsarmax with a weighted average age of approximately 7.1 years and a total carrying capacity of 452,886 deadweight tonnage. Customers The company charters its vessels to operators, trading houses (including commodities traders), shipping companies, and producers and government-owned entities. Its customers include COSCO Bulk Carrier Co., Ltd; Dampskibsselskabet NORDEN A/S; ED & F Man Shipping Limited; Transgrain; Far Eastern Silo and Shipping (Panama) S.A.; and Hyundai Merchant Marine Co. Ltd. The company’s customers also include Cargill International SA; Oldendorff Carriers GmbH & Co. KG; Western Bulk Carriers KS; and others. Strategy The company’s strategy is to employ its vessels on a mix of various types of charter contracts, including bareboat charters, time charters, and spot charters. History Globus Maritime Limited was founded in 2006. The company was incorporated in 2006 pursuant to the Companies (Jersey) Law 1991 (as amended). In 2010, the company was redomiciled into the Marshall Islands pursuant to the Marshall Islands Business Corporations Act.
globus maritime limited (GLBS:NASDAQ GM)
128 Vouliagmenis Avenue
Athens, 166 74
Phone: 30 210 96 08 300
Fax: 30 210 96 08 359www.globusmaritime.gr
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