SOURCE: Capital Link Shipping

Capital Link Shipping

January 06, 2015 08:30 ET

Globus Maritime Limited CEO Discusses Latest Company Developments and Future Plans

Capital Link Shipping Interview

NEW YORK, NY--(Marketwired - Jan 6, 2015) - Georgios ("George") Karageorgiou, Director, President, Chief Executive Officer and Chief Financial Officer of Globus Maritime Limited (NASDAQ: GLBS), was interviewed by Barry Parker for Capital Link Shipping. The interview focused on the following topics:

  • market softness in 2014
  • outlook for the dry bulk sector in 2015
  • Globus' focus on operational and commercial efficiency
  • impact of lower fuel prices on operational savings
  • rationale behind Globus' decision to focus its chartering strategy on short and medium duration time charters
  • how Globus managed to decrease its interest expense and finance costs by half
  • discussions with various financial institutions regarding the refinancing of the company's biggest credit facility
  • possible buying opportunities of secondhand vessels
  • strategic plans for the company going forward

The interview recording is featured on the home page of Capital Link and Capital Link Shipping websites, http://www.capitallink.com/ and http://marine-transportation.capitallink.com/, as well as under "Media Interviews" section. You can also access it by copying and pasting the following link to your browser http://marine-transportation.capitallink.com/interviews/index.html?articleID=oSdiC1GiX6EFIZi

About Globus Maritime Limited:
Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus's subsidiaries own and operate seven vessels with a total carrying capacity of 452,886 DWT and a weighted average age of 7.8 years as of September 30, 2014.

About Barry Parker:
Barry Parker is a financial writer and analyst. His articles appear in a number of prominent maritime periodicals including Lloyds List, Fairplay, Seatrade, Maritime Executive and Capital Link Shipping.

About Capital Link Shipping:
Capital Link Shipping is a web based resource whose objective is to facilitate investor knowledge and understanding of shipping and its listed companies, and to facilitate the exchange of information among listed companies, industry participants and investors. The site provides information on the major shipping and stock market indices, as well as on all shipping stocks. It also features industry reports from major industry participants and interviews with CEOs, analysts and other market participants.

The website is operated by Capital Link, a New York based Investor Relations and Financial Communications firm with a strategic focus on shipping. Capital Link provides Investor Relations and Financial Communications services to several listed shipping companies including Globus Maritime Limited.

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