WFW advises Globus on newbuild Ultramax bulk carrier sale and leaseback financing

Watson Farley & Williams (WFW) advised Globus Maritime Limited on the acquisition and delivery last month of the m.v. GLBS OLYMPIA, a 2026-built Ultramax dry bulk carrier built at the Nihon Shipyard Co. in Japan with a carrying capacity of approximately 64,000 DWT.

The delivery of the GLBS OLYMPIA marks another important milestone in Globus’ fleet renewal and modernisation strategy, strengthening its fleet with a modern, fuel-efficient vessels. Its acquisition brings Globus’ fleet size to 10 dry bulk carriers with a total carrying capacity of approximately 744,622 DWT. Globus (NASDAQ: GLBS) is headquartered in Glyfada, Greece, its fleet transporting dry bulk commodities worldwide.

The WFW Athens Maritime team that advised Globus was led by Assets & Structured Finance Partner Vassiliki Georgopoulos, supported by Senior Associate Angelos Michas and Associate Marianna Psarrou.

Vassiliki commented: “We are very pleased to have supported Globus once again on a significant sale and leaseback transaction. Having advised the company since its first such deal, we are proud to continue supporting their fleet renewal initiatives and their investment in a modern, more sustainable fleet.”