Globus Maritime rises on new vessel acquisition

Globus Maritime

12/10/2020 15:07

** Dry bulk shipping co's shares  GLBS.O  up 18.31% at $0.14
    ** Co enters into an agreement with an independent third
party to purchase a 2015 Kamsarmax vessel built by the
Hudong-Zhonghua Shipbuilding shipyard, for $18.4 mln
 urn:newsml:reuters.com:*:nGNX2N05ZT
    ** Deal is through a separate wholly owned subsidiary - GLBS
    ** Co's fleet will expand to six modern dry bulk carriers
with a total carrying capacity of 381,738 deadweight tons and a
weighted avg age of 10.9 years
    ** GLBS expects vessel delivery during Q4 2020
    ** Stock down 87.40% YTD 

 (Reporting by Madhvi Pokhriyal in Bengaluru)
 ((Madhvi.pokhriyal@thomsonreuters.com))