Globus Maritime Limited (GML) is an international dry bulk shipping firm that specializes in providing worldwide marine transportation services. The company owns, manages, and operates a fleet of dry bulk carriers, which are essential for shipping a variety of raw materials and commodities, including iron ore, coal, grain, steel products, cement, alumina, and other bulk cargoes. As of March 31, 2022, GML's fleet consisted of nine vessels with a combined carrying capacity of 626,257 deadweight tons (DWT). These vessels are chartered out to a diverse range of clients, such as maritime operators, trading firms, other shipping companies, various producers, and government-owned organizations. Founded in 2006, Globus Maritime Limited is headquartered in Athens, Greece, and operates as a subsidiary of Firment Trading Limited.
Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-Month Period Ended June 30, 2026
Globus Maritime swung to a profit in the second quarter of 2026, reporting net income of $4.0 million compared to a net loss of $1.9 million in the prior year.
Revenue surged 53% year-over-year to $14.6 million, driven by a 72% increase in Time Charter Equivalent rates to $19,686 per day as the dry bulk market strengthened.
For the first half of the year, the company generated $5.1 million in net income and $15.3 million in Adjusted EBITDA, supported by a fleet utilization rate of 99.5%.