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

I have held theses shares for a few months, and at last they are showing their true promise.
They have a young fleet,and their charter rates are due to be negotiated in the next few months.
They have one new ship on order.
Charter rates are expected to remain very strong.
So onwards and upwards.
Chers.

Thank you for reminding me of this company, Juzzle and Porky. I've been reading about how there are too few cargo ships and was trying to think which shipping company had floated in the summer - not likely to sink to the bottom of the oceans in a hurry, either!

"...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?