Globus Maritime has moved further into the red in a bulk market weakened by seasonality and the pandemic.

The New York-listed owner of four supramaxes and a panamax reported a $4.2m deficit for the second quarter, compared with a $3m loss for the same period last year. Loss per share came in at $0.39, versus $0.74 a year ago.

Second-quarter revenue totalled $2.3m,