Revenue
$12.2 million in Q1 2026 compared to $8.6 million in Q1 2025
Adjusted EBITDA
$6.2 million in Q1 2026 compared to $2 million in Q1 2025
Time Charter Equivalent
$15,706 per day in Q1 2026 compared to $9,370 per day in Q1 2025
Current Fleet ProfileAs of the date of this press release, Globus' subsidiaries own and operate nine dry bulk carriers, consisting of six Kamsarmax and three Ultramax.
Vessel
Year Built
Yard
Type
Month/Year Delivered
DWT
Flag
Galaxy Globe
2015
Hudong-Zhonghua
Kamsarmax
October 2020
81,167
Marshall Is.
Diamond Globe
2018
Jiangsu New Yangzi Shipbuilding Co.
Kamsarmax
June 2021
82,027
Marshall Is.
Power Globe
2011
Universal Shipbuilding Corporation
Kamsarmax
July 2021
80,655
Cyprus
Orion Globe
2015
Tsuneishi Zosen
Kamsarmax
November 2021
81,837
Marshall Is.
GLBS Hero
2024
Nihon Shipyard Co., Ltd.
Ultramax
January 2024
64,000
Marshall Is.
GLBS Might
2024
Nantong Cosco KHI Ship Engineering Co., Ltd.
Ultramax
August 2024
64,000
Marshall Is.
GLBS Magic
2024
Nantong Cosco KHI Ship Engineering Co., Ltd.
Ultramax
September 2024
64,000
Marshall Is.
GLBS Angel
2016
Hudong-Zhonghua
Kamsarmax
November 2024
81,119
Marshall Is.
GLBS Gigi
2014
Tsuneishi Hi Cebu
Kamsarmax
December 2024
81,817
Marshall Is.
Weighted Average Age: 8.5 Years as of June 10, 2026
680,622
Current Fleet Deployment
All our vessels are currently operating on short-term time charters, we generally consider as spot charters, the charters that are below one year in duration and/or are chartered on index linked basis ("on spot").
Management Commentary
"The first quarter is traditionally a seasonally weaker period for the dry bulk industry. While market conditions were subdued at the beginning of the year, particularly during January, activity and sentiment improved steadily throughout the quarter. Overall, the quarter commenced from a stronger baseline than the corresponding period of 2025 and concluded at levels that compared favorably with the prior year.
"During late February, hostilities in the Persian Gulf resulted in disruptions to cargo movements and supply chains, accompanied by a significant increase in bunker fuel prices and related operating costs. The immediate priority of management was the safety and wellbeing of our seafarers and vessels as we monitored developments and assessed the evolving situation.
"One of our vessels was completing discharge operations in the region when the conflict started. The vessel successfully completed its operations and departed the area safely. We would like to recognize and thank our seafarers and shore-based personnel for their professionalism, dedication, and commitment during a challenging period. Through their efforts, the voyage was completed safely and without material disruption.
"Despite the geopolitical challenges encountered during the quarter, the Company generated positive financial results, further strengthened its balance ...
