Globus Maritime announced it recently signed two contracts to construct and purchase a pair of fuel-efficient bulk carriers with a capacity of about 64,000 deadweight tonnage (DWT).

The company declined to name the shipyard it awarded the contract, but said that the vessels will be built at a "reputable Japanese shipyard" and delivered during the second half of 2026. Imabari Shipbuilding, Japan Marine United Corporation, Kawasaki Heavy Industries, Mitsui E&S, and Namura Shipbuilding are among the biggest shipbuilders in Japan.

The total consideration for the construction of the ships, including various extra costs, comes out to $75.5 million. The project will be financed through a combination of debt and equity.

“We are pleased to announce the ordering of our fourth and fifth Ultramax newbuildings from a reputable shipbuilder,” said Athanasios Feidakis, president and CEO of Globus. “We remain consistent in our commitment in renewing our fleet with modern and fuel-efficient vessels. Our efforts in enhancing shareholders' value and growing our fleet continue to be firm.”

Globus Maritime subsidiaries own and operate eight vessels that offer a total carrying capacity of 567,467 DWT. As of June 30, 2023, the weighted average age of the eight vessels was 11.2 years.