Dry bulk shipping company Globus Maritime has agreed to offload its 16-year-old supramax vessel, called Sun Globe, through a wholly-owned subsidiary.

Constructed in 2007, the supramax bulker will be sold to an unaffiliated third party for $14.1m.

The new owner is anticipated to receive the vessel by the end of May.

The binding agreement to sell the 58,790 deadweight tonnage (dwt) supramax is subject to customary closing conditions.

Globus Maritime president and CEO Athanasios Feidakis said: “This transaction is in line with the Company’s new strategy to eventually divest assets that do not fit in with Company’s commitment to renew its fleet into modern and fuel-efficient vessels.”

Globus offers marine transportation services across the world through its fleet of nine owned, operated and managed dry bulk vessels.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

These vessels are used for the transportation of iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes.

With a weighted average age of 11.4 years, the vessels have a total carrying capacity of 626,257dwt.

In another development, the company has reached three shipbuilding contracts for three new Ultramax vessels.

Last May, the company struck two contracts for the construction and purchase of two fuel-efficient bulk carriers.

The new ships, which will be constructed at Nantong COSCO KHI Ship Engineering, will be nearly 64,000dwt each.