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Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-month period ended June 30, 2023

Retrieved on:

Tuesday, September 12, 2023

Diamond, Uncertainty, Engineering, Average, CIT, Instability, LIBOR, SOFR, Carbon, Sale, Annual report, CIT Group, Nantong, Health, Retail, Airline, Bank, Cryptocurrency, Tutoring, Globus

In the second quarter the market rates were affected by various seasonal, geopolitical and economic factors.

Key Points:

In the second quarter the market rates were affected by various seasonal, geopolitical and economic factors.
Earlier in the year we announced the sale of m/v Sun Globe, Sky Globe and Star Globe.
We plan to replace these three vessels with the delivery of our first 3 ultramax newbuildings in 2024.
Notwithstanding that the Company is continuously scanning the market for such attractive candidates that may carry a good price.

Seanergy Maritime Announces Repurchases of $1.6 Million of Common Shares and Agreement to Acquire a Newcastlemax Vessel through a Bareboat-in Charter

Retrieved on:

Thursday, July 6, 2023

Share repurchase, Carbon, Capesize, Vessel, FFA, Nantong, Transport, Security (finance), Airline

The average share repurchase price represents approximately a 11.2% discount from the closing price of July 5, 2023.

Key Points:

The average share repurchase price represents approximately a 11.2% discount from the closing price of July 5, 2023.
Delivery is estimated to take place between August and December 2023 while at the end of the 12-month bareboat period, Seanergy has an option to purchase the Vessel for $20.2 million.
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“Consistent with our commitment to enhance shareholder value, we have repurchased approximately 2% of our outstanding shares.
We believe the overall purchase price of approximately $30.5 million, including the bareboat payments, is beneficial to the Company.

Globus Maritime Limited Reports Financial Results for the Quarter Ended March 31, 2023

Retrieved on:

Friday, June 2, 2023

Uncertainty, Optimism, Engineering, Average, CIT, Instability, LIBOR, SOFR, Sale, CIT Group, Annual report, Nantong, Airline, Real estate, Globus

“The market was generally weak during the first quarter of 2023 with some improvement in the beginning of the second quarter.

Key Points:

“The market was generally weak during the first quarter of 2023 with some improvement in the beginning of the second quarter.
Recently the market has weakened again, but our view on the dry bulk prospects remains positive in the medium and longer term.
We believe that positions in the industry should be taken with a long-term view.
In May 2022 the Company paid the 1st instalment of $7.4 million and in March 2023 paid the 2nd instalment of $3.7 million.

Globus Maritime Limited Reports Financial Results for the Third Quarter and Nine-month period ended September 30, 2022

Retrieved on:

Monday, November 28, 2022

Weighted Average Age: 11.1 Years as at November 28, 2022

Key Points:

Weighted Average Age: 11.1 Years as at November 28, 2022
We are happy to report our 3rd quarter and 9 months results for 2022.
As the year ends and especially during the first quarter the market usually experiences a seasonal softening that relates to various weather and trading factors.
The Company cooperates with various third parties, such as classification societies and shipyards, in the studies of decarbonization strategies and alternative fuels.
We hope these studies will give us a better understanding on the various developments in the new environmental regulations.

Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-month period ended June 30, 2022

Retrieved on:

Tuesday, August 16, 2022

Our daily TCE was $22,837 per day in Q2 2022 compared to $11,781 per day in Q2 2021.

Key Points:

Our daily TCE was $22,837 per day in Q2 2022 compared to $11,781 per day in Q2 2021.
Our Adjusted EBITDA for the second quarter and first half of 2022 was $13.6 million and $27.4 million respectively an increase of 339% and 523% respectively when compared to the same periods in 2021.
As previously announced, in the second quarter, we completed three new building orders for the acquisition of fuel-efficient Motor Bulk Carriers with reputable shipyards both in Japan and China.
On April 29, 2022, the Company signed a contract for the construction and purchase of one fuel-efficient bulk carrier of about 64,000 dwt.

Globus Maritime Limited Signs New Building Agreements for the Acquisition of two Fuel Efficient 64,000-DWT Motor Bulk Carriers

Retrieved on:

Wednesday, May 18, 2022

CEO, Company, DWT, U.S. Securities and Exchange Commission, Contract, NASDAQ, Nantong, Revolution, Coal, Forward-looking statement, Communication, Growth, Phrase, Security (finance), Hand, GLOBE, Shipbuilding, Risk management, Globus

GLYFADA, Greece, May 18, 2022 (GLOBE NEWSWIRE) -- Globus Maritime Limited ("Globus," the Company," we, or our), (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has signed two contracts for the construction and purchase of two fuel efficient bulk carriers of about 64,000 DWT each.

Key Points:

GLYFADA, Greece, May 18, 2022 (GLOBE NEWSWIRE) -- Globus Maritime Limited ("Globus," the Company," we, or our), (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has signed two contracts for the construction and purchase of two fuel efficient bulk carriers of about 64,000 DWT each.
Athanasios Feidakis President and CEO of Globus commented:
We are pleased to announce the ordering of our second and third Ultramax newbuildings from a reputable shipbuilder.
Globus subsidiaries own and operate nine vessels with a total carrying capacity of 626,257 DWT and a weighted average age of 10.4 years as of March 31, 2022.
Accordingly, you should not unduly rely on these forward-looking statements, which speak only as at the date of this communication.

Worldwide Sorbic Acid Industry to 2030 - Featuring Advanced Inorganics, Nantong Acetic Acid Chemical & Celanese Among Others

Retrieved on:

Tuesday, March 30, 2021

Preservatives, Chemistry, Food science, Chemical compounds, Sorbic acid, Celanese, Acids in wine, Acetic acid, Wine fault, Nantong

This is why the global sorbic acid market is predicted to grow from $347,661.0 thousand in 2019 to $521,126.7 thousand in 2030, at a 4.7% CAGR between 2020 and 2030.

Key Points:

This is why the global sorbic acid market is predicted to grow from $347,661.0 thousand in 2019 to $521,126.7 thousand in 2030, at a 4.7% CAGR between 2020 and 2030.
This is because sorbic acid is used to prevent the growth of mold, which is one of the biggest reasons behind food spoilage.
This is why the sorbic acid market is being particularly propelled by the increasing cheese and wine consumption.
The most-prominent companies in the global sorbic acid market include Shandong Hongda Biotechnology Co. Ltd., Jinneng Science and Technology Company Ltd., APAC Chemical Corporation, RuGao ChangJiang Food Co. Ltd., Anmol Chemicals Group, Advanced Inorganics, Nantong Acetic Acid Chemical Co. Ltd., Celanese Corporation, Daicel Corporation, and Wanglong Tech Co. Ltd.

Scania to establish industrial operations in China - starting point for major investments in Asia

Retrieved on:

Tuesday, November 24, 2020

Countries, Scania AB, Södertälje Municipality, Articles, Nantong, Sustainability, Forms of government, China

In order to increase competition, China is now opening up for foreign-owned companies to carry out operations in the country - and thereby also contribute to the major sustainability initiatives that are being implemented.

Key Points:

In order to increase competition, China is now opening up for foreign-owned companies to carry out operations in the country - and thereby also contribute to the major sustainability initiatives that are being implemented.
Our operations in the country will gradually be expanded and developed into a full-scale unit in Scania's global production and supplier structure.
China is the world's single largest market for commercial vehicles and currently accounts for 40 percent of global sales.
Scania's establishment of its own industrial operations in China has been made possible through the acquisition of Nantong Gaokai Auto Manufacturing Ltd.

Insights on the Modacrylic Fibers Global Market to 2027 - Featuring Fushun Rayva Fiver and Kaneka Among Others

Retrieved on:

Thursday, October 29, 2020

Synthetic fibers, Plastics, Modacrylic, Acrylic fiber, Nantong

DUBLIN, Oct. 29, 2020 /PRNewswire/ -- The "Modacrylic Fibers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Oct. 29, 2020 /PRNewswire/ -- The "Modacrylic Fibers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The 188-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021.
In the global Upholstery & Household segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment.
Competitors identified in this market include, among others:
Jiangsu Blue Peacock Chemical Fiber Co., Ltd.
Nantong Xufeng Textile industrial Co., Ltd

$656 Million Worldwide Modacrylic Fibers Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

Retrieved on:

Friday, October 23, 2020

Textiles, Manufacturing, Plastics, Synthetic fibers, Modacrylic, Acrylic fiber, Nantong, Compound annual growth rate, Academic disciplines

The 188-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021.

Key Points:

The 188-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021.
Amid the COVID-19 crisis, the global market for Modacrylic Fibers estimated at US$656.2 Million in the year 2020, is projected to reach a revised size of US$742.7 Million by 2027, growing at a CAGR of 1.8% over the analysis period 2020-2027.
The U.S. Market is Estimated at $177.8 Million, While China is Forecast to Grow at 3.4% CAGR
The Modacrylic Fibers market in the U.S. is estimated at US$177.8 Million in the year 2020.
Competitors identified in this market include, among others:
Jiangsu Blue Peacock Chemical Fiber Co., Ltd.
Nantong Xufeng Textile industrial Co., Ltd