Globus Maritime Announces Agreements To Purchase Two Vessels For A Purchase Price Of $27.5M And $26.5M
Portfolio Pulse from Benzinga Newsdesk
Globus Maritime Limited (NASDAQ:GLBS) has announced agreements to purchase two Kamsarmax dry bulk vessels for $27.5M and $26.5M. The purchases, approved by independent directors, will expand Globus's fleet to ten vessels by Q4 2024.
October 24, 2024 | 8:14 pm
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Globus Maritime is acquiring two Kamsarmax vessels for a total of $54M, expanding its fleet to ten vessels by Q4 2024. The purchase is approved by independent directors and funded with cash on hand.
The acquisition of two vessels is a significant expansion for Globus Maritime, increasing its fleet size and capacity. The approval by independent directors and the use of cash on hand for funding are positive indicators of financial health and governance. This expansion is likely to enhance the company's operational capabilities and market position, potentially leading to a positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100