Globus Maritime owns a small fleet of six oceangoing dry tankers - soon to be eight.
Floated on AIM in June, and now soaring along with all owners of bulk freight shipping fleets -


In today's Telegraph:


"..One London broker said the price of the biggest ships had risen to $227,000 (112,000) a day compared with $137,000 as recently as August. He said a similar charter a year ago would have cost as little as $60,000 a day.

Fast-rising shipping costs are the result of soaring demand for the building blocks of industrialisation and supply bottlenecks due to port congestion and a shortage of suitable ships. Soaring day rates have been translated into sharply higher values for ships and the companies that own them. One Capesize ship was reportedly ordered from a shipyard at $82m in February, re-sold before it was built for $90m in April and then again three months later for $120m.

Dryships, a Greek-based and Nasdaq-quoted dry bulk shipping group with a fleet of 34 vessels, has seen its shares rise six-fold since the start of the year from less than $20 a share to $117.8 yesterday..."



http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/11/cnchina111.xml&DCMP=EMC-mcn_11102007

Click the GLBS ticker to see the chart.
Listed on AIM. Three marketmakers. nms 2000

See also this industry review dated yesterday
http://files.irwebpage.com/reports/shipping/0Ti9Xj6PxQ/fw_week_41_2007.pdf

"...co-founder/ceo George Karageorgiou has over 18-years experience in the shipping industry. He is a close business associate of Stelios Haji-Ioannou having spent 12 years at Stelmar and also has been a director of EasyGroup, Easyjet and Easycruise. .."

Taken from publicity pages prior to floatation.

Anyone know if Stelios holds a stake?