Globus Maritime sells and re-rents vessel GLBS Magic in a $25M deal, part of fleet management strategy.

Globus Maritime, a dry bulk shipping company, has completed a $25 million sale and bareboat charter agreement for its vessel, GLBS Magic, with a Japanese party. The company has chartered the vessel back at a rate that adjusts over ten years, with options to buy it back at various prices. The transaction reflects Globus' strategy to manage its fleet of ten dry bulk vessels, which includes the GLBS Magic, with a total capacity of 734,249 dwt.

3 months ago
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