Globus Maritime (GLBS) Says 'Star Globe' Will Not Be Delivered Under Contract Terms, Evaluating Options

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Globus Maritime Limited (Nasdaq: GLBS), has been informed by Allied Maritime Inc., the Charterer of the m/v Star Globe, a 2010-built 56,867 DWT Supramax bulkcarrier (the "Vessel"), that the Charterer will redeliver the Vessel at the end of the charter period, but in a location that is outside the redelivery area required under the relevant charter, and will not replenish the quantity of bunkers required pursuant to the relevant charter. The Company is currently considering its options to recover its damages.

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