New York-listed Globus Maritime has improved its financial results, reporting a narrow loss for the second quarter as both revenue and costs increased during the Covid-19 pandemic.

Net loss at the Feidakis family-controlled company, which owns nine bulkers, shrank to $23,000 from $4.2m in the same period last year. The loss also narrowed in the first half, to $0.8m from $13.1m