Globus Maritime, a US-listed and Athens-based owner of seven midsize bulkers on the water and two under construction, has unveiled several transactions aimed at raising cash while renewing its fleet.

First-quarter results released late on Friday reveal that the Athanasios Feidakis-led company has agreed to sell its oldest vessel, the 74,400-dwt Moon Globe (built 2005), to an unaffiliated third party.