Globus Maritime lowered its losses for the fourth quarter, primarily due to higher charter rates resulting in more revenue.
The New York-listed bulker owner's revenue for the period gained 57% to $3.11m as the daily time charter equivalent (TCE) rate leapt to $8,112 from $4,793 a year earlier.
The Greek company still reported net loss of $1.28m versus a $2.45m
