GLOBUS MARITIME LTD

The company employs its vessels on a mix of charter contracts, including short-term or spot market, long-term, and index-linked charters. This strategy aims to provide cash flow stability and high utilization rates while allowing the company to benefit from increasing short-term market rates. The specific short-term strategy at any given time depends on various factors and available chartering opportunities. The company may choose to employ more of its fleet on the short-term or spot market or on longer-duration time charters if it believes it is in its best interest. Generally, the company prefers spot or short-term contracts for versatility, to quickly capitalize on market upswings, and to be more selective with cargo. Long-term charters offer cash flow stability but may miss cargo rate increases. Index-linked charters reflect similar rate volatility to spot/voyage rates, potentially capturing increased profit margins during periods of improved vessel charter rates. The mix of short-term, longer-term, and index-linked charters changes periodically. When not all ships are on the short-term or spot market, the company generally staggers charter expiration dates to reduce exposure to shipping cycle volatility. The company continuously monitors the dry bulk shipping industry and adjusts the number of vessels on charters and charter periods based on market demand and conditions. The company and its Manager have established relationships with international charterers, vessel brokers, financial institutions, insurers, and shipbuilders.