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Globus Maritime Announces Redelivery of Vessel by Charterers

Friday, 17 February 2012 | 11:00
Globus Maritime Limited, a dry bulk shipping company, announced yesterday that it has been informed by Allied Maritime Inc. (the "Charterer"), the Charterer of the m/v Star Globe, a 2010-built 56,867 DWT Supramax bulkcarrier (the "Vessel"), that the Charterer will redeliver the Vessel at the end of the charter period, but in a location that is outside the redelivery area required under the relevant charter, and will not replenish the quantity of bunkers required pursuant to the relevant charter. The Company is currently considering its options to recover its damages.
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' subsidiaries own and operate seven vessels with a total carrying capacity of 452,886 DWT and a weighted average age of 5.1 years as of December 31, 2011.
Source: Globus Maritime Limited
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