Globus Maritime, a New York-listed owner of a dozen bulkers in the water or under construction, said it expects its market to continue generating good earnings, despite a recent rate decline.

“Although we have recently seen time charters easing back a bit, nearly all the markets are well above trend,” the Athanasios Feidakis-led company said in financial results late on Tuesday.

“We continue to believe that the freight rates will remain healthy for the foreseeable future,” added the Athens-based company.