Greek dry bulk carrier Globus Maritime stated in its latest financial report that older vessels will lose their competitiveness.

This Nasdaq listed shipping company received its third energy-efficient ultra flexible bulk carrier in late September. At present, the company's fleet consists of 5 Kamsa type, 3 extremely agile type, and 1 ultra agile type bulk carrier, of which 8 were built after 2020.

Globus Maritime stated that despite the decline in charter rates, we remain optimistic about positive signs in the market. We will continue to monitor the prices and supply of new fuels, as well as the global trend towards green shipping. In addition, we are vigilant about the various technical and operational challenges faced by medium-sized vessels due to potential new fuel regulations, and closely monitor the latest regulatory news and technological solutions in this area.

Globus Maritime believes that regulatory developments and efficiency requirements will put pressure on the competitiveness of older ships, as they have higher fuel consumption and carbon footprints; Inefficient old ships are likely to be forced out of the market or undergo expensive upgrades and technological adjustments, and their rationality must be proven, which is beneficial for the future development of the market. The global demand for efficiency is increasing every year, which not only affects costs but also the leasing potential of ships, as well as the views and market evaluations of charterers in different industries towards ships

To meet future challenges, the company is committed to developing a modern and energy-efficient fleet. We firmly believe that this is the best way to serve customers and create long-term value for shareholders, "added Globus Maritime.

Globus Maritime had a net loss of $550000 in the third quarter, down from $3.5 million in the same period of 2023, when the company earned $3.8 million from selling ships.