Ever wondered how a shipping company navigates the complex world of maritime transport to turn a profit? Globus Maritime Limited (GLBS), with its fleet of dry bulk carriers, plays a significant role in this industry, generating revenue of $33.3 million in fiscal year 2024. But how exactly does Globus Maritime operate, who owns it, and what are its strategic goals? Dive in to explore the history, ownership structure, operational mechanisms, and revenue generation strategies that define Globus Maritime Limited.

Globus Maritime Limited (GLBS) History

Globus Maritime Limited Founding Timeline

Year established

Globus Maritime Limited was established in 2006.

Original location

The company is based in Glyfada, Greece.

Founding team members

The details of the founding team members are not widely available in the provided search results.

Initial capital/funding

Information regarding the initial capital and funding of Globus Maritime Limited during its founding is not available in the provided search results.

Globus Maritime Limited Evolution Milestones

Globus Maritime Limited Transformative Moments

• Fleet Management: Decisions regarding the composition and size of its fleet have been central to Globus Maritime's strategy. The company actively manages its fleet by acquiring and disposing of vessels based on market conditions.
• Financial Restructuring: Financial decisions, such as capital raises and debt management, have played a crucial role in maintaining financial stability.
• Market Adaptation: Strategic responses to fluctuating market conditions in the dry bulk shipping industry have influenced its operational and financial performance.

Explore more about the company's goals and principles: Mission Statement, Vision, & Core Values of Globus Maritime Limited (GLBS).

Globus Maritime Limited (GLBS) Ownership Structure

Globus Maritime Limited has a diversified ownership structure that includes institutional investors, individual shareholders, and company insiders. The balance of ownership reflects a mix of short-term and long-term investment perspectives.

Globus Maritime Limited's Current Status

Globus Maritime Limited is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. As a publicly traded entity, it is subject to regulatory requirements and transparency standards, including the filing of financial reports with the Securities and Exchange Commission (SEC).

Globus Maritime Limited's Ownership Breakdown

Globus Maritime Limited's ownership is distributed among various shareholders. As of April 2025, the ownership breakdown is as follows:

Globus Maritime Limited's Leadership

The leadership team of Globus Maritime Limited is responsible for the strategic direction and operational management of the company. As of April 2025, key members of the leadership team include:

• Athanasios ('Thanos') Feidakis: Chief Executive Officer.
• George Karageorgiou: Chief Financial Officer.
• Simos Bakalis: Chief Operating Officer.

These individuals, along with other members of the management team, guide the company's strategic initiatives, financial performance, and day-to-day operations. More information about the company's goals can be found at Mission Statement, Vision, & Core Values of Globus Maritime Limited (GLBS).

Globus Maritime Limited (GLBS) Mission and Values

Globus Maritime Limited aims to deliver reliable and efficient shipping services while upholding strong values related to safety, environmental responsibility, and ethical conduct. The company focuses on creating value for its shareholders, providing quality services to its customers, and maintaining a safe and respectful working environment for its employees.

Globus Maritime Limited's Core Purpose

Official mission statement

While Globus Maritime Limited does not have a single, formally published mission statement, its core objectives can be inferred from its operational activities and corporate communications. These objectives include:

• Providing reliable and efficient shipping services to meet the needs of its customers.
• Operating a modern and well-maintained fleet of dry bulk vessels.
• Ensuring the safety of its crew and the protection of the environment.
• Creating value for its shareholders through strategic investments and operational excellence.

Vision statement

Globus Maritime Limited's vision is to be a leading provider of dry bulk shipping services, recognized for its reliability, efficiency, and commitment to sustainability. This vision includes:

• Expanding and modernizing its fleet to capitalize on market opportunities.
• Strengthening relationships with key customers and partners.
• Implementing best practices in safety and environmental stewardship.
• Delivering consistent and sustainable returns to its shareholders.

Company slogan/tagline

Globus Maritime Limited does not have a widely publicized official slogan or tagline. However, considering their operational focus, a fitting tagline might emphasize their commitment to efficient and dependable shipping solutions. Here are a few possibilities:

• 'Delivering Excellence in Dry Bulk Shipping'
• 'Reliable Shipping, Sustainable Solutions'
• 'Your Trusted Partner in Maritime Transport'

To learn more about the investors, read this article: Exploring Globus Maritime Limited (GLBS) Investor Profile: Who’s Buying and Why?

Globus Maritime Limited (GLBS) How It Works

Globus Maritime Limited operates as an international dry bulk shipping company, focusing on transporting iron ore, coal, grain, steel products, and other dry bulk cargoes across the globe.

Globus Maritime Limited's Product/Service Portfolio

Globus Maritime Limited's Operational Framework

Globus Maritime Limited generates revenue primarily through chartering its vessels to transport dry bulk commodities. Here’s a breakdown of their operational framework:

• Fleet Management: The company owns and manages a fleet of dry bulk carriers. As of December 31, 2023, the fleet consisted of 9 dry bulk carriers with a total carrying capacity of 628,271 dwt.
• Chartering: Vessels are chartered out under two main types of contracts:
  • Time Charters: The vessel is hired for a specific period, and the charterer pays a daily hire rate. The charterer is responsible for voyage expenses such as fuel and port charges.
  • Voyage Charters: The vessel is hired for a specific voyage, and the company is paid a freight rate per ton of cargo carried. The company is responsible for voyage expenses.
• Geographical Deployment: The fleet operates worldwide, serving major trade routes and ports.
• Revenue Generation: Revenue is generated from the hire rates or freight rates earned under the charter agreements.
• Cost Management: Key expenses include vessel operating costs (crewing, insurance, repairs, and maintenance), drydocking costs, and administrative expenses.

More insight into the company's Mission Statement, Vision, & Core Values of Globus Maritime Limited (GLBS).

Globus Maritime Limited's Strategic Advantages

Globus Maritime Limited's success in the dry bulk shipping industry is underpinned by several strategic advantages:

• Fleet Composition: Maintaining a modern and versatile fleet allows the company to cater to a wide range of customer needs and trade routes.
• Chartering Strategy: Balancing time charters and voyage charters to optimize revenue and manage risk based on market conditions.
• Operational Efficiency: Focusing on efficient vessel operations and cost management to maximize profitability.
• Customer Relationships: Building and maintaining strong relationships with charterers to secure favorable contracts and repeat business.

Globus Maritime Limited (GLBS) How It Makes Money

Globus Maritime Limited primarily generates revenue through the ownership and operation of a fleet of dry bulk carriers. These vessels are chartered out to transport major bulks such as iron ore, coal, grain, steel products, and other dry commodities across the world's oceans.

Globus Maritime Limited Revenue Breakdown

Globus Maritime Limited generates revenue through time charters and, to a lesser extent, voyage charters. Time charters provide a steady stream of income over a fixed period, while voyage charters depend on prevailing spot market rates.

Globus Maritime Limited Business Economics

Globus Maritime Limited's business economics are influenced by several factors:

• Shipping Rates: The rates the company can charge for its charters depend on the global supply and demand for dry bulk shipping. These rates are volatile and influenced by global economic conditions, trade patterns, and the supply of available vessels.
• Operating Costs: These include vessel maintenance, crew wages, insurance, and other administrative expenses. Efficient cost management is crucial for profitability.
• Fleet Utilization: Maximizing the number of days vessels are in operation and earning revenue is essential. Off-hire days due to maintenance or repairs can negatively impact earnings.
• Fuel Costs: Fuel (bunker) costs are a significant expense. Fuel efficiency and hedging strategies can help manage this risk.
• Vessel Values: The value of the company's vessels can impact its balance sheet and ability to raise capital.
• Exploring Globus Maritime Limited (GLBS) Investor Profile: Who’s Buying and Why?

Globus Maritime Limited Financial Performance

Globus Maritime Limited's financial performance can be assessed through the following metrics:

• Revenue: Total revenue generated from chartering activities.
• Net Income: The company's profit after all expenses, including operating costs, depreciation, and interest.
• EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization, which provides a measure of operating profitability.
• Time Charter Equivalent (TCE) Rate: This is a key performance indicator that reflects the average daily revenue earned per vessel.
• Debt Levels: Monitoring the company's debt levels and its ability to service its debt is important.
• Cash Flow: Analyzing the company's cash flow from operations, investing, and financing activities provides insights into its financial health.

Globus Maritime Limited (GLBS) Market Position & Future Outlook

Globus Maritime Limited is strategically navigating the dry bulk shipping sector, aiming to capitalize on evolving market dynamics while proactively managing potential challenges to sustain growth and enhance shareholder value. For insights into the company's guiding principles, refer to Mission Statement, Vision, & Core Values of Globus Maritime Limited (GLBS).

Competitive Landscape

Opportunities & Challenges

Industry Position

Globus Maritime operates within the highly competitive dry bulk shipping industry. Here's a snapshot of their standing:

• Niche Player: Globus Maritime occupies a specific niche, focusing on a segment of the dry bulk market.
• Fleet Modernization: Continual efforts to upgrade and expand its fleet with modern, fuel-efficient vessels.
• Customer Focus: Emphasizing strong relationships with charterers to ensure stable revenue streams.