Globus Maritime Ltd Announces the Delivery of the New Supramax Dry Bulk Carrier "Star Globe"

ATHENS, GREECE--(Marketwire - May 25, 2010) -  Globus Maritime Ltd ("Globus" or the "Company") (AIM: GLBS) (LSE: GLBS), a global shipping transportation company that owns and operates Supramax and Panamax dry bulk carriers, announces that it took delivery from an unaffiliated third party of the bulk carrier "Star Globe," the second of two sistership-vessels it had previously agreed to acquire for US$32,825,000 each as announced on April 8, 2010.

The M/V "Star Globe," built in May 2010, is a geared and grab-fitted supramax bulk carrier with a carrying capacity of 56,868 dwt. The vessel was financed from the Company's existing bank facility and cash balances, and will fly the Marshall Islands flag. Following the delivery, the "Star Globe" began a time charter to Transgrain Shipping at the gross rate of US$22,000 per day for a minimum of 11 to a maximum of 13 months.

George Karageorgiou, Chief Executive of Globus Maritime, commented: "We are pleased to have taken delivery of the 'Star Globe,' a modern Supramax vessel, which expands our fleet to four vessels, further enhancing our ability to generate revenues and profits, while decreasing the weighted average age of our fleet."

The following table represents the Company's fleet as on the date of this release:

Vessel	Year Built	Yard	Type(1)	Month/Yr Delivered	DWT	FLAG
River Globe	2007	Yangzhou Dayang	Supramax	Dec 2007	53,500	Marshall Islands
Sky Globe	2009	Taizhou Kouan	Supramax	May 2010	56,855	Marshall Islands
Star Globe	2010	Taizhou Kouan	Supramax	May 2010	56,868	Marshall Islands
Tiara Globe	1998	Hudong Zhonghua	Panamax	Dec 2007	72,929	Marshall Islands
Weighted Average Age at 31 May 2010			4.4 years		240,152

Note (1): All vessels are geared and fitted with grabs.

The following table represents the employment profile of our fleet as on the date of this release:

Vessel	Charterer	Charter Expiration Date (Earliest)	Charter Expiration Date (Latest)(1)	Gross Daily rate (US$)
River Globe	Eastern Bulk Carriers	9/2010	11/2010	25,000
Sky Globe	Currently on Spot			30,000
Star Globe	Transgrain	5/2011	7/2011	22,000
Tiara Globe	Transgrain	2/2012	5/2012	20,000

Note:

1. The latest charter expiration date represents the last day on which the charterer may redeliver the vessel upon the termination of the charter assuming that all options for additional hire periods under the charter are exercised, including taking into account expected off-hire days because of scheduled dry-dockings.

Further Information -- Notes to Editors

About Globus Maritime Limited

Globus is a global provider of seaborne transportation services for dry bulk cargoes, including among others iron ore, coal, grain, cement, and fertilizers, along worldwide shipping routes. Currently, Globus owns and operates one panamax and three supramax vessels, with a weighted average age of 4.4 years (as at May 31, 2010) and a total carrying capacity of 240,152 DWT. All vessels are geared and fitted with grabs.

Globus is listed on the AIM of the London Stock Exchange under ticker GLBS. Jefferies International Limited is acting as nominated adviser and broker to the Company.

Contact Information:

For further information please contact:
Globus Maritime Limited
+30 210 960 8300
George Karageorgiou
CEO
info@globusmaritime.gr

Jefferies International Limited
+44 (0) 20 7029 8000
Schuyler Evans
Oliver Griffiths
Anne Dovigen

Capital Link - London
+44 (0) 20 3206 1322
globus@capitallink.com
Annie Evangeli

Capital Link - New York
+1 212 661 7566
globus@capitallink.com
Ramnique Grewal