Globus Maritime Ltd Announces the Delivery of the 2010-Built Kamsarmax Dry Bulk Carrier “Jin Star”.

News Release Globus Maritime Ltd. June 30, 2010

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Athens, Greece, June 29, 2010. Globus Maritime Ltd
("Globus"
or the
“Company") (AIM: GLBS), a global shipping transportation company
that owns
and operates dry bulk carriers, announces that it took delivery
today from an
unaffiliated third party of the bulk carrier “Jin Star”, a 79,800
DWT Kamsarmax
Bulk Carrier built in 2010 by Jiangsu Eastern Heavy Industry Co.
in China,
which it had previously agreed to acquire as announced on June 23,
2010.
The vessel will fly the flag of Panama, and will continue her
deployment under
a bareboat charter for a period of 5 years (plus 1 year at
Bareboat Charterers’
option plus another year at Globus’ option) to a Far Eastern
shipping entity.
The vessel acquisition was financed with a new bank facility that
the Company
agreed with Deutsche Schiffsbank AG, and cash balances.
Globus’ fleet today comprises of a total of five modern dry bulk
carriers with a
total carrying capacity of 319,952 dwt and a weighted average age
of just 3.4
years, well below the industry
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