Georgios Feidakis chairman of dry bulk owner Globus Maritime Limited inked a deal through two separate wholly owned subsidiaries to buy two kamsarmax scrubber outfitted dry bulk vessels, without disclosing the name of the ships.

The Nasdaq-listed owner said it will spend $27.5m and $26.5m on the two kamsarmaxes, but in each case is subject to standard adjustments. 

One of the vessels is a 2016-built dry bulk vessel with a carrying capacity of around 81,119 dwt and has a purchase price of $27.5m.

The second vessel is a 2014-built dry bulk vessel with a carrying capacity of approximately 81,817 dwt and has a purchase price of $26.5m.

An aggregate of $18m of the purchase price for the 2016-built vessel and an aggregate of $17m of the purchase price for the 2014-built vessel will be paid upon deliveries (including the deposit), with the remaining balance to be paid in one lump sum without interest no later than one year after the date of the agreement, the company said.   

“Each vessel is owned and agreed to be sold by an entity controlled by the chairman of the board of directors and to which the chief executive officer is also related, and accordingly the purchase of each vessel was approved by a committee of the board of directors of the company comprised solely of independent directors, as well as unanimously by the company’s board of directors,” the company said in its statement.

Athanasios Feidakis chief executive expects the delivery to the company of each vessel during the fourth quarter of 2024, subject to standard closing conditions and requirements.

It is expected that the portion of the purchase price to be paid at the delivery will be funded, Globus Maritime said, entirely with cash on hand.

According to the company, the purchase price of each vessel was based on independent third-party broker valuations.

After the delivery of both ships the company’s fleet will comprise of ten dry bulk carriers with a total carrying capacity of around 734,249 dwt.

Globus’ subsidiaries own or charter in and operate eight vessels (not including the vessels), with a total carrying capacity of 571,313 dwt and a weighted average age of 7.2 years.