Globus sells panamax to pay back loan

Globus

Globus Maritime has sold a vessel holding company that beneficially owns one of its panamax bulk carriers in order to pay off a loan from Commerzbank.

Kelty Marine Ltd, the owner of Energy Globe (79,400 dwt, built 2010), was sold to an unnamed third party along with its cargo claims, Globus said.

No sale price was disclosed, but the proceeds will be used to pay off some of the remaining balance of Globus’ loan from the bank, which the company believes will result in the remaining principal amount of the loan being written off. Some $17.65m of the loan was outstanding, as of December 31, 2014.

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