GLOBUS MARITIME Business Summary

Globus Maritime Ltd (GLBS) is an integrated dry bulk shipping provider that generates revenue through the seaborne transportation of essential commodities, including iron ore, coal, grain, and steel products. The company’s business model relies on chartering its fleet of mid-sized dry bulk vessels—currently comprising nine ships (six Kamsarmax and three Ultramax)—to international trading houses, shipping operators, and government entities via time and spot charters. Its operations are centralized within a single business segment, marine transportation, with technical and commercial management handled in-house by its subsidiary, Globus Shipmanagement Corp. Within the competitive landscape, Globus Maritime operates as a small-cap niche player alongside peers such as Castor Maritime (CTRM), EuroDry (EDRY), and Seanergy Maritime (SHIP), distinguishing itself through a fleet renewal strategy that includes two fuel-efficient Ultramax newbuilds scheduled for 2026 delivery. The company was founded in 2006 by Georgios Feidakis and Georgios Karageorgiou, with the Feidakis family maintaining a dominant leadership role. Athanasios (“Thanos”) Feidakis currently serves as the sole executive officer, holding the triple roles of President, Chief Executive Officer, and Chief Financial Officer; he possesses an MBA from the London School of Economics and an M.Sc. from Bayes Business School. Georgios Feidakis remains the Non-Executive Chairman, leveraging his extensive background as the founder of F.G. Europe S.A. and major shareholder of Eolos Shipmanagement. The board is further composed of independent directors including Jeffrey O. Parry, managing partner of Mystic Marine Advisors, and Ioannis Kazantzidis, principal of Porto Trans Shipping. Major ownership is concentrated in Firment Trading Limited, while the company has historically secured institutional financing from entities such as Macquarie Group and EnTrust Global.