Globus Maritime Announces New 2-Year Time Charter for Panamax Vessel

Globus Maritime Limited, a marine transportation company that owns and operates Handymax and Panamax dry bulk ocean-going vessels, today announces that it has entered into a new time charter agreement with Korea Line Corporation, at a gross rate of US$66,000 per day, for a minimum of 24 to a maximum of 26 months starting in December 2007, for the M/V ‘Tiara Globe’. This employment is expected to generate approximately US$ 43 million in gross revenues for the minimum period of the charter.