Delivery of the New Supramax Dry Bulk Carrier “Star Globe”.

News Release Globus Maritime Ltd. May 28, 2010

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV>
Carrier “Star Globe”
Athens, Greece, May 25, 2010. Globus Maritime Ltd
("Globus" or
the “Company") (AIM: 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.”</DIV></BODY></HTML>