DRYS - Globus Maritime: Recent Momentum Favorite Turns To Toxic Financing Again
Note:
I have covered Globus Maritime (GLBS) previously, so investors should view this as an update to my earlier articles on the company.
Globus Maritime is a small drybulk shipping company, incorporated under the laws of the Marshall Islands and headquartered in Greece. The company's fleet currently consists of five drybulk carriers, four Supramaxes, and one Panamax, all trading in the spot market. The average vessel age is 11.5 years.
Picture: Supramax drybulk carrier "Sky Globe" - Source: vesseltracker.com
The company is controlled by its founder and principal shareholder, Georgios Feidakis and lead