It was a rough second quarter for Globus Maritime, but the bulker owner sees better days on the horizon.

Globus posted a $3m loss, or a $0.74 loss on a per share basis, steeper than the $938,000 loss for the same period last year.

“During the second quarter of the year, the market was under severe pressure mainly due to the ongoing concerns in the trade war and the ongoing iron ore supply disruptions.