Globus Maritime Share Discussion Threads

[alter ego] 09/9/2010 07:35

results for half year are encouraging - and dividend is reinstated

[deadly] 07/9/2010 23:14

10% jump today on no news. Looking forward to results on Thursday maybe.
And those of HCL and ACMG were good so......

[nellie1973] 29/6/2010 11:23

Interesting one this!!

[gepetto] 09/3/2010 08:34

Hi all,
what do you all think about the results? Looks like prudent housekeeping to me to shift into a net cash position, question is: How does the competition fare?

[deadly] 06/2/2010 21:58

The recovery continues even on a bad few days like last week. Nice and quiet here innit.

[deadly] 14/12/2009 20:00

Anyone noticed the director buying? 25k and 28k - someone is confident!
This is due a recovery.

[deadly] 03/9/2009 10:58

From yesterday's RNS:



|| | | |Expiration | Expiration | Daily |
| | | | Date | Date | rate |
| | | |(Earliest) | (Latest)(1) | (US$) |
+--------------+------------+------------------+------------+-------------+---------+
| Lake Globe | Handymax | Currently on | | | |
| | | Spot | | | |
+--------------+------------+------------------+------------+-------------+---------+
| Coral Globe | Handymax | Currently on | | | |
| | | Spot | | | |
+--------------+------------+------------------+------------+-------------+---------+
| Gulf | Handymax | Currently on | | | |
| Globe(2) | | Spot | | | |
+--------------+------------+------------------+------------+-------------+---------+
| Sea Globe | Handymax | Cosco | 6/2010 | 10/2010 | 14,000 |
+--------------+------------+------------------+------------+-------------+---------+
| River Globe | Handymax | Currently on | | | |
| | | Spot | | | |
+--------------+------------+------------------+------------+-------------+---------+
| Tiara Globe | Panamax | Korea Line Corp | 12/2009 | 3/2010 | 66,000 |

[stemis] 30/6/2009 17:45

Name Birth Dwt Type
Lake Globe 1994 43,216 Handymax
Coral Globe 1994 43,189 Handymax
Sea Globe 1995 43,171 Handymax
River Globe 2007 53,500 Handymax
Tiara Globe  1998 72,929 PanamaxAll on spot hire other than Tiara Globe. Personally HCL looks a better bet to me. Bigger vessels and most on 'longer' term charter at higher rates. Despite that not that much different in valuation.

[alter ego] 30/6/2009 17:00

I make it 5, (Sea, Coral, Lake, Tiara and River Globe) Island has been sold and now the Gulf. website still lists the Island Globe but perhaps it hasn't yet been delivered to new owners.

[strollingmolby] 30/6/2009 16:24

Gulf Globe sold for $16m cash to pay down debt. How many boats does GLBS have left - 5/6 ?

[sharpshare] 04/6/2009 13:39

Spot charter rates rising fast. Should be good news for GLBS.

[hieronymous1] 29/5/2009 18:41

The Baltic Dry Index, the benchmark for freight costs for commodities such as iron ore and coal, surged 25.4 per cent this week as strong Chinese demand for raw materials led to severe congestion at ports in China.

[kinbasket] 05/5/2009 16:45

I'm nearer to licking my lips at the moment.

If GLBS and/or HCL can survive for a few months more without a covenant breach they will be multibaggers from these levels.

It's a risky investment but it never did Aristotle Onassis any harm buying ships in a recession

[alter ego] 05/5/2009 15:56

yes, licking my wounds

[kinbasket] 05/5/2009 12:20

Bit of sniffing around in the shippers in the last few weeks.

Anyone still here ???

[deadly] 05/2/2009 18:43

The trading statement from GPRT did wonders for GLBS today, less so for GPRT. Signs that their leasing of ships at above current rates means better times sooner than later.

[cambium] 05/2/2009 15:37

Daily rates for capesizes rose 17 percent to $21,810 a day, the highest since October. Smaller panamax ships, the largest to fit through the locks of the Panama Canal, increased 14 percent to $8,005 a day. Daily operating costs are $6,500 for capesizes and $5,000 for panamaxes, according to Erik Nikolai Stavseth, an analyst with shipbroker Lorentzen & Stemoco in Oslo. Both ships compete to haul coal and iron ore.

Idled Capesizes

There are almost no idled capesizes, Oslo-based Fearnley Fonds ASA analyst Rikard Vabo said. As much as a quarter of the world capesize fleet of about 800 ships was probably idled by owners two months ago in response to plunging rates.

[cambium] 05/2/2009 15:34

M/V Sea Globe
Handymax
1995
Sep-06
43,171 dwt
Bahamas

M/V Coral Globe
Handymax
1994
Nov-06
43,189 dwt
Bahamas

M/V Lake Globe
Handymax
1994
Dec-06
43,216 dwt
Bahamas

M/V Gulf Globe
Handymax
1994
Jan-07
43,245 dwt
Bahamas

M/V Island Globe
Panamax
1995
Jul-07
73,119 dwt
Marshall Islands

M/V Tiara Globe
Panamax
1998
Dec-07
72,929 dwt
Marshall Islands

M/V River Globe
Handymax
2007
Dec-07
53,500 dwt
Marshall Islands

Total: 372,369 dwt

[kinbasket] 04/2/2009 16:53

Flying today..

BDI up umpteen days in a row..

If this keeps up I'll have enough money to put some cheese in my sandwiches. Maybe even pickle... :-)

[xdavid] 17/11/2008 09:40

Looks like the credit crunch will have to work its way through the system before BDI rebounds...

"According to senior industry figures, the complex network of trade credit that keeps imports and exports rolling through Asia and beyond has evaporated - suddenly - in a haze of mistrust. And as a result, cargoes are sitting on docksides throughout Asia without the letters of credit that would load them on to ships, which, in turn must sit and wait.

As the extent of the crisis has unfolded, the Baltic Dry Index (BDI) of shipping rates for materials such as iron ore and coal has plunged by nearly 90 per cent over the past few weeks. Economists have pointed to the fall as a clear indication that the financial crisis has been passed through to the real economy.

A sales manager at one prominent London shipbroker told The Times that the prospects for container rates over the coming year "look far worse than the bulk rates". The spectacular crash has been driven in part by falling demand for commodities, but many believe that problems of trade financing will hold prices down until well into 2009."

[wcj] 07/11/2008 15:27

The Imarex site is well worth a look.

Digging in the data these, the future for Q2 2009 shows the future at about the same level as it hit around 10th October (i.e. 2600, having hit 2100 between then and now).

At the same time the 2010 contract hit a bottom at 2175, stayed there for 10 days and has subsequently risen to 2700.

At the time the BDI was still in free fall, so perhaps there is just a hint of hope there.

[wcj] 07/11/2008 11:57

I believe that there is a derivative market based on the BDI. Does anyone know where to find information on it, and if so how the futures price for the BDI has behaved relative to spot? Spot may be behaving wildly because participants may want to sit on there hands and see where the world goes, but however world trade pans out over the next few years, shipping companies will have to do business, and must have a view on what a true level of the maket might be.

Edit: That was lazy. Having googled it I have come up with the Imarex site. They quote futures prices:
Spot 839
Nov 2008 1100-1300
Q1 2009 1800-2200
Q2 2009 2400-2800
Q3 2009 2500-2900
CAL (calendar?) 2009 2325-2725
CAL 2010 2500-2900

This is probable worth watching as much as the BDI itself.

[hieronymous1] 29/10/2008 11:48

Anyone wondering why shipping stocks are down so far should read this article in the FT:
"Firefighters better scramble to save letters of credit

By John Dizard

Published: October 28 2008 02:00 | Last updated: October 28 2008 02:00

There's been some low-bandwidth chatter lately about the plunge in the Baltic Dry Index, which is intended to track the price of shipping dry cargo along key routes. In the sort of "oh . . . wow . . . " manner passing drivers remark on multiple collisions on the highway, it's been noted that the BDI is down. A lot.

While the BDI has been dropping for months, the real collapse took place from the week after the Lehman bankruptcy. From a level of 4949 then, the BDI had, by last week, come down to 1149, for a decline over about a month of 76 per cent. This doesn't represent some piece of high-concept securitised paper meeting its maker in front of a judge; this is the real world of physical assets being employed to do actual work."


The short version is that no one trusts the banks that offer guarantees of payment to shippers. So the whole export / import trade is seizing up.

The great panjandrums who misgovern us will have to sort it out soon or there will be no toys for Christmas and no food on our tables.

[slapdash] 24/10/2008 18:26

bit annoying... we have sold a ship for X... oh no we haven't!!!!!!!!!!

glad am out of these....Slap