Globus Maritime ships out supramax pair

Greek bulker owner Globus Maritime has sold two of its supramaxes for a total of $21.9m.

The Nasdaq-listed firm is shipping out the 2009-built Sky Globe and 2010-built Star Globe to undisclosed third-party buyers for $10.7m and $11.2m, respectively, before commissions and expenses.

Both 65,900 dwt ships, expected to change hands in September, were bought as a resale for 32.8m each from Singapore’s Wilmar Ship Holdings in 2010 and are today worth between $12.5 and $13m, according to VesselsValue.

Globus currently owns and operates eight bulkers with a total carrying capacity of 567,467 dwt and has three ultramaxes under construction.

In March, the Athanasios Feidakis-led firm offloaded its 2007-built supramax Sun Globe for $14.1m as part of the strategy to renew its fleet into modern and fuel-efficient vessels.

In addition to the sales, Globus strengthened its balance sheet after striking a deal with First Citizens Bank & Trust Company for an additional borrowing of $25m, secured by two ships, the Diamond Globe and Power Globe, increasing the loan to $77.25m. The interest rate on the loan was lowered to term SOFR together with an adjustment of 0.1% per annum, plus a margin of 2.70%.