Globus Maritime benefits from enlarged fleet

Thursday 28 August 2008

FLEET expansion during a time of higher freight rates lifted profit for dry bulk operator Globus Maritime in the three months to June 30, writes Paul Tugwell.

Net income in the second quarter of 2008 increased more than seven fold to $17m from $2.3m in the same period of 2007, as net revenue reached $27.8m, compared with $7.5m in the second quar...

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