Globus Maritime Limited to Refinance Ships

Greek dry bulk shipping company Globus Maritime Limited has reached an agreement for a USD 37 million loan.

The funds would be used to refinance five of the vessels operated by its subsidiaries, consisting of four Supramax and one Panamax unit, the company said.

The ships in question are the 2007-built Sun Globe and River Globe, the 2009-built Sky Globe, the 2010-built Star Globe, and the 2005-built Panamax Moon Globe.

The term loan facility deal was agreed with EnTrust Global’s Blue Ocean Fund.

For the first quarter of the year, Globus Maritime reported a loss of USD 0.5 million, compared to a loss of USD 1.5 million for the same period of 2018.

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