Globus Maritime to sell supramax vessel for $8.55M
Vessel Sale Announcement: Globus Maritime has agreed to sell its 2007-built supramax vessel, m/v River Globe, for a gross price of $8.55 million before commissions and expenses.
Delivery Timeline: The vessel is expected to be delivered to the new owner between March 1 and April 15, pending customary closing conditions and requirements.
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Stocks to Keep an Eye on This Monday: MongoDB, Vestis, and Three Others
U.S. Stock Futures: U.S. stock futures are trading lower, with several companies expected to report earnings today, including MongoDB Inc. and Vestis Corp.
Earnings Expectations: MongoDB is anticipated to report earnings of 80 cents per share on revenue of $591.52 million, while Vestis Corp. is expected to post earnings of 6 cents per share on revenue of $678.30 million.
Globus Maritime Performance: Globus Maritime Ltd. exceeded expectations by posting earnings of 4 cents per share and quarterly sales of $12.596 million, leading to a 2.3% increase in share price.
Other Earnings Reports: Hafnia Ltd. and Credo Technology Group are also set to report earnings, with projections of 18 cents and 49 cents per share, respectively, after the market closes.
Globus Maritime Reports $12.6M Revenue and $0.7M Net Income in Q3 2025
- Revenue Growth: In Q3 2025, Globus reported revenue of $12.6 million, a 41% increase from the same period in 2024, primarily driven by an increase in the number of vessels operated, indicating a recovery in market demand.
- Net Income Turnaround: The company achieved a net income of $0.7 million in Q3, a significant improvement from a loss of $0.55 million in the same quarter last year, reflecting effective utilization of its modern fleet amid market recovery.
- Adjusted EBITDA Performance: The adjusted EBITDA for Q3 stood at $5.5 million, showcasing improvements in cost control and operational efficiency, which strengthens the foundation for future profitability.
- Financing Arrangements: The company has secured a $25 million loan facility for two new Ultramax vessels scheduled for delivery in the second half of 2026, further enhancing operational flexibility and competitive positioning in the market.
