Globus Maritime has refinanced its five strong bulker fleet through a $37m term loan facility with EnTrust Global’s Blue Ocean Fund.
The Athanasios Feidakis-led owner disclosed few other details about the deal such as term and the cost of capital.
The Globus fleet comprises four supramaxes and a single panamax bulker with a total carrying capacity of 300,571-dwt.
The fleet, the oldest of which was built in 2005, is all currently trading on the spot market, according to the shipowner's website.
This is the second deal EnTrust Global has agreed with a US-listed Greek shipowner in a little over two months.
In early May, Danaos concluded a $150m sale-and-leaseback deal for two of its biggest boxships – the 13,100-teu Hyundai Respect and Hyundai Honour (both built 2012).
EnTrust Global, in which well-known shipping financier Svein Engh is involved, claims to manage some $8bn in capital.
Engh is senior managing director of EnTrust Global and serves as the portfolio manager of the firm’s Blue Ocean Fund.
