Globus Maritime
Globus Maritime Limited (NASDAQ: GLBS) is a Marshall Islands-incorporated dry bulk shipowner operating a fleet of nine modern Kamsarmax and Ultramax carriers (~680,622 dwt, expanding to 11 vessels by Q4 2026) under in-house shipmanagement, chartering worldwide to commodity producers and traders such as Cargill, Glencore, Bunge and ArcelorMittal.
- Company typePublic
- Founded2006
- HeadquartersGlyfáda, Greece
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Globus Maritime does
Globus Maritime Limited is a publicly traded dry bulk shipping company (NASDAQ: GLBS) incorporated in the Republic of the Marshall Islands with executive offices in Glyfada, Athens, Greece. The company owns and operates a fleet of nine modern dry bulk carriers — six Kamsarmax vessels (Galaxy Globe, Diamond Globe, Power Globe, Orion Globe, Glbs Gigi, Glbs Angel) and three Ultramax vessels (Glbs Hero, Glbs Might, Glbs Magic) — aggregating 680,622 deadweight tons, with two additional Ultramax 64,000 DWT fuel-efficient newbuildings under construction at Nihon Shipyard Co. (Japan) for Q3-Q4 2026 delivery that will grow the fleet to 11 vessels and 808,622 dwt.
The operating model is built around in-house shipmanagement through wholly-owned subsidiary Globus Shipmanagement Corp., which executes chartering, vessel operations, technical management, HSQE, purchasing, and Filipino officer/rating crew management. Vessels are high-spec design compliant with ABS, Lloyd's Register, ClassNK and Bureau Veritas class requirements, flagged primarily in the Marshall Islands and Cyprus, and crewed to standards exceeding Flag Administration and MLC 2006 requirements. The company is a member of INTERCARGO, BIMCO and ISSA.
Globus generates revenue primarily by chartering its vessels to international commodity producers and traders (time and voyage charters) for the global transport of iron ore, coal, grains, steel products and other dry bulk commodities. Chartering is conducted by an in-house team in cooperation with major broking houses (Clarksons, MB Shipbrokers, Arrow). Q1 2026 revenue of $12.2 million (up 42% year-over-year) was generated at a daily time charter equivalent rate of $15,706 per vessel per day (up 68% year-over-year), with adjusted EBITDA of $6.2 million and net income of $1.1 million versus a $1.5 million net loss in Q1 2025. Capital structure includes a $77.25 million term loan facility with First Citizens Bank & Trust Company secured by Diamond Globe and Power Globe. The company trades at a market capitalization of approximately $63.7 million with 21,582,301 shares outstanding as of June 25, 2026.
Globus Maritime firmographics
Firmographics- Name
- Globus Maritime
- Legal name
- Globus Maritime Limited
- Website
- https://globusmaritime.gr
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Globus Maritime Limited (NASDAQ: GLBS) is a Marshall Islands-incorporated dry bulk shipowner operating a fleet of nine modern Kamsarmax and Ultramax carriers (~680,622 dwt, expanding to 11 vessels by Q4 2026) under in-house shipmanagement, chartering worldwide to commodity producers and traders such as Cargill, Glencore, Bunge and ArcelorMittal.
- Ownership category
- akta.pro rank
Globus Maritime industry classification
Industry- Product category
- Dry Bulk Shipping Services
- NAICS
- Deep Sea Freight Transportation (483111), Deep Sea, Coastal, and Great Lakes Water Transportation (48311), Water Transportation (483)
- SIC
- Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400)
- akta.pro primary industry
- Bulk Dry Cargo Carriers (Capesize/Panamax/Supramax/Handysize) (TLADABAC)
- akta.pro secondary industry
- Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize) (TLADAKAA)
Keywords
Where Globus Maritime is headquartered
LocationHeadquarters
- HQ city
- Glyfáda
- HQ country
- Greece
- HQ region
- Europe
Offices2 records
Markets served
Globus Maritime business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Others
Revenue model
- Time charter revenue: Primary revenue stream generated by chartering the dry bulk fleet (nine Kamsarmax and Ultramax vessels) to commodity producers and traders under charter party agreements. Q1 2026 daily time charter equivalent rate was $15,706 per vessel per day, up 68% year-over-year.
- Vessel sales: Secondary revenue from sale of older vessels (e.g., Sky Globe and Star Globe sold for ~$10.7M and ~$11.2M respectively in 2023) as part of ongoing fleet renewal program.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Time charter pricing — market-negotiated per voyage/period |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Globus Maritime product offering
Product offeringCore offering
Globus Maritime owns and operates a fleet of modern dry bulk carriers (Kamsarmax and Ultramax classes) and charters them under time and voyage charter agreements to international commodity producers, traders and shipping companies. The company provides worldwide sea transportation of iron ore, coal, grains, steel products and other dry bulk commodities, supported by in-house shipmanagement covering chartering, operations, technical, HSQE, purchasing and crew management functions.
Product overview
Globus Maritime Limited is a single-line dry bulk shipping services provider operating a fleet of nine modern drybulk carriers — six Kamsarmax vessels (M/V Galaxy Globe, M/V Diamond Globe, M/V Power Globe, M/V Orion Globe, M/V Glbs Gigi, M/V Glbs Angel) and three Ultramax vessels (M/V Glbs Hero, M/V Glbs Might, M/V Glbs Magic) — with two additional fuel-efficient Ultramax 64,000 DWT newbuildings under construction at Nihon Shipyard Co. for Q3-Q4 2026 delivery. The core offering is integrated through in-house service modules: Chartering (broker cooperation), Vessel Operations, Technical Management, HSQE, Purchasing, and Crew Management (Filipino officers and ratings), all managed through its wholly owned subsidiary Globus Shipmanagement Corp. The Company's common shares trade on the NASDAQ Capital Market under the symbol GLBS.
Differentiator
Problem solved
Functional benefit
Products and services
- Dry Bulk Shipping Services
Quantifiable outcome
- Q1 2026 revenue of $12.2 million, up 42% year-over-year
- +3 more outcomes
Companies that use Globus Maritime
Customer profileNamed customers19 records
Segments2 records
Ideal customer profiles2 records
Globus Maritime technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Globus Maritime partnerships and signals
Strategic signalPartnerships
31 partnerships are on record, tiered core, flagship and minor.
- CargillcoreCargill is listed as a charterer of Globus Maritime's dry bulk vessels. As a leading global agricultural commodities trader, Cargill is a key customer for transportation of grains and other dry bulk cargoes.
- Western BulkcoreWestern Bulk is listed as a charterer of Globus Maritime's dry bulk vessels, chartering tonnage for international dry bulk shipping services.
- Suisse-AtlantiquecoreSuisse-Atlantique is listed as a charterer of Globus Maritime's dry bulk vessels.
- Pacific BasincorePacific Basin is listed as a charterer of Globus Maritime's dry bulk vessels, one of the world's leading dry bulk shipping operators.
- ArcelorMittalcoreArcelorMittal, the world's leading steelmaker, is listed as a charterer for transportation of iron ore and steel-related raw materials.
- ViterracoreViterra is listed as a charterer of Globus Maritime's dry bulk vessels for grain and agricultural commodities transportation.
- Louis Dreyfus CompanycoreLouis Dreyfus Company is listed as a charterer of Globus Maritime's dry bulk vessels for grain and agricultural commodities transportation.
- GlencoreflagshipGlencore, one of the world's largest diversified commodity traders, is listed as a charterer of Globus Maritime's dry bulk vessels for coal, grains and other commodity transportation.
- BungecoreBunge is listed as a charterer of Globus Maritime's dry bulk vessels for grain and agricultural commodities transportation.
- NordencoreNorden is listed as a charterer of Globus Maritime's dry bulk vessels, leveraging its global dry cargo and tanker operations.
- Oldendorff CarrierscoreOldendorff Carriers, a major German dry bulk shipowner/operator, is listed as a charterer of Globus Maritime's dry bulk vessels.
- Tata GroupcoreTata Group is listed as a charterer of Globus Maritime's dry bulk vessels for raw material transportation supporting its steel and diversified manufacturing operations.
- Nippon Yusen Kabushiki Kaisha (NYK Line)coreNippon Yusen Kabushiki Kaisha (NYK Line), one of Japan's largest global shipping companies, is listed as a charterer of Globus Maritime's dry bulk vessels.
- Anglo AmericancoreAnglo American, a leading global mining company, is listed as a charterer of Globus Maritime's dry bulk vessels for mining commodity transportation.
- VitolcoreVitol is listed as a charterer of Globus Maritime's dry bulk vessels for energy and commodity transportation.
- Archer Daniels MidlandcoreArcher Daniels Midland is listed as a charterer of Globus Maritime's dry bulk vessels for grain and agricultural commodities transportation.
- LangloisminorLanglois is listed as a charterer of Globus Maritime's dry bulk vessels.
- OlamcoreOlam is listed as a charterer of Globus Maritime's dry bulk vessels for agricultural commodity transportation.
- COFCO InternationalcoreCOFCO International is listed as a charterer of Globus Maritime's dry bulk vessels for grain and agricultural commodity transportation.
- Nihon Shipyard Co.flagshipNihon Shipyard Co. is the shipbuilder constructing two ULTRAMAX 64,000 DWT super modern fuel efficient dry bulk vessels for Globus Maritime, with delivery scheduled for Q3-Q4 2026 to complete the company's current newbuilding program.
- Y Maritime CyprusminorY Maritime Cyprus is listed as an associate on Globus Maritime's Services page alongside other maritime service providers and classification societies.
- ClarksonscoreClarksons is one of the major broking houses with which Globus Maritime's in-house chartering team cooperates to source and place charter parties for the dry bulk fleet.
- MB ShipbrokerscoreMB Shipbrokers is one of the major broking houses with which Globus Maritime's in-house chartering team cooperates to source and place charter parties.
- ArrowcoreArrow is one of the major broking houses with which Globus Maritime's in-house chartering team cooperates to source and place charter parties.
- GardcoreGard is listed as an associate of Globus Maritime and provides P&I (Protection and Indemnity) insurance services for the company's fleet.
- ABS (American Bureau of Shipping)coreABS is one of the classification societies whose standards Globus Maritime's vessels comply with; high-spec vessel design fitted with equipment and electronic systems meeting all Class requirements.
- Lloyd's RegistercoreLloyd's Register is one of the classification societies whose standards Globus Maritime's vessels comply with.
- ClassNKcoreClassNK (Nippon Kaiji Kyokai) is one of the classification societies whose standards Globus Maritime's vessels comply with.
- Bureau VeritascoreBureau Veritas is one of the classification societies whose standards Globus Maritime's vessels comply with.
- International RegistriescoreInternational Registries is the administrator of the Marshall Islands flag, under which most of Globus Maritime's vessels are registered.
- Globus Shipmanagement Corp.flagshipGlobus Shipmanagement Corp. is the wholly-owned subsidiary through which Globus Maritime manages vessel operations, chartering, technical, HSQE, purchasing and crew functions. It is co-located at the company's Greek executive offices.
Scale indicators11 records
Recent moves8 records
Expansion highlights4 records
Globus Maritime competitors and assessment
Company assessmentDirect peers
- Star Bulk Carriers Corp. NASDAQ-listed dry bulk owner with ~115+ Newcastlemax/Capesize/Kamsarmax/Ultramax vessels. Direct competitor in the dry bulk shipping segment, particularly the Ultramax class where both companies operate. Most relevant publicly-listed dry bulk peer by business model overlap.
- Diana Shipping Inc. NYSE-listed dry bulk owner operating ~40 vessels including Kamsarmax, Ultramax, and Newcastlemax. Closely comparable to Globus in vessel class mix (Kamsarmax/Ultramax emphasis) and time-charter business model, with a similar Greek shipowner heritage.
- Safe Bulkers Inc. NYSE-listed dry bulk owner of ~44 Panamax, Kamsarmax, and post-Panamax vessels. Direct competitor with overlapping Kamsarmax class exposure and similar time-charter revenue model targeting commodity majors.
- Genco Shipping & Trading Limited: NYSE-listed dry bulk owner with a fleet of ~44 Capesize and Ultramax/Supramax vessels. Comparable in dry bulk focus and time-charter model; competitor for Ultramax-class charters with major commodity traders.
- Golden Ocean Group Limited: NASDAQ-listed dry bulk shipping company with ~95 vessels focused on Capesize and Panamax/Kamsarmax classes. Operates in the same dry bulk spot/time charter market with similar commodity-driven cargo base.
- Eurodry Ltd. NASDAQ-listed Greek dry bulk owner of 13 Kamsarmax/Ultramax vessels. Closely comparable peer — same Greek shipowner base, identical vessel class focus (Kamsarmax/Ultramax), and similar mid-cap scale in the dry bulk market.
- Pangaea Logistics Solutions Ltd. NASDAQ-listed dry bulk and ice-class vessel owner with ~20 ships including Kamsarmax. Competes in the dry bulk charter market with focus on niche commodities; comparable in size and market positioning.
- Seanergy Maritime Holdings Corp. NASDAQ-listed Capesize dry bulk owner with a fleet of ~17 vessels. Greek-based peer operating in the same dry bulk shipping segment with similar charterer relationships to major commodity traders.
- Eagle Bulk Shipping Inc. NASDAQ-listed Supramax/Ultramax dry bulk owner (now subsidiary of Star Bulk). Historical peer with nearly identical fleet profile to Globus's Ultramax-focused operation, serving the same charterer base.
Broad incumbents
- Navios Maritime Partners L.P. NYSE-listed diversified owner of ~135+ dry bulk, containership, and bulk carrier vessels. Broader incumbent with dry bulk exposure comparable to Globus but spanning multiple shipping segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Globus Maritime social profiles
Digital presenceGlobus Maritime financial estimates
Financial estimateRevenue estimate
Valuation estimate
Globus Maritime leadership team
Management profileNumber of profiles
Profiles5 records
Globus Maritime subsidiaries and ownership
Company hierarchySubsidiaries1 record
Globus Maritime funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Globus Maritime M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Globus Maritime
What does Globus Maritime do?
Globus Maritime owns and operates a fleet of modern dry bulk carriers (Kamsarmax and Ultramax classes) and charters them under time and voyage charter agreements to international commodity producers, traders and shipping companies. The company provides worldwide sea transportation of iron ore, coal, grains, steel products and other dry bulk commodities, supported by in-house shipmanagement covering chartering, operations, technical, HSQE, purchasing and crew management functions.
Is Globus Maritime a public or private company?
Globus Maritime is a public company. It is classified as public and is currently operating.
When was Globus Maritime founded?
Globus Maritime was founded in 2006. It employs 11 to 50 people.
Where is Globus Maritime based?
Globus Maritime is headquartered in Glyfáda, Greece, in the Europe region.
How does Globus Maritime make money?
Two revenue lines are on record. Time charter revenue is the primary driver. The others are vessel sales.
Who are Globus Maritime's main competitors?
Direct peers on record are Star Bulk Carriers Corp., Diana Shipping Inc., Safe Bulkers Inc., Genco Shipping & Trading Limited, Golden Ocean Group Limited, Eurodry Ltd., Pangaea Logistics Solutions Ltd., Seanergy Maritime Holdings Corp. and Eagle Bulk Shipping Inc.. Navios Maritime Partners L.P. is listed as a broad incumbent.
Does Globus Maritime have an API?
No public API is recorded for Globus Maritime.
What industry is Globus Maritime in?
Globus Maritime's product category is Dry Bulk Shipping Services. Its primary akta.pro industry code is TLADABAC, Bulk Dry Cargo Carriers (Capesize/Panamax/Supramax/Handysize), with a secondary code of TLADAKAA, Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize). Its NAICS code is 483111 and its SIC code is 4412.