Globus Maritime Limited (GLBS): Analyse Pestle [Jan-2025 MISE À JOUR]

Dans le monde dynamique de l'expédition maritime mondiale, Globus Maritime Limited (GLBS) navigue dans un paysage complexe de défis et d'opportunités. Des tensions géopolitiques perturbant les voies commerciales vers la poussée incessante pour les technologies durables, cette analyse complète du pilon dévoile le réseau complexe de facteurs façonnant les décisions stratégiques de l'entreprise. Plongez dans une exploration nuancée de la façon dont les forces politiques, économiques, sociologiques, technologiques, juridiques et environnementales convergent pour définir l'avenir de l'industrie maritime, avec Globus Maritime Limited à la tête de l'innovation et de l'adaptation.

Globus Maritime Limited (GLBS) - Analyse du pilon: facteurs politiques

Impact des réglementations maritimes internationales

En 2024, l'Organisation maritime internationale (OMI) a mis en œuvre des réglementations strictes affectant les opérations d'expédition:

Règlement	Exigence de conformité	Date de mise en œuvre
Cap	0,5% de soufre dans les carburants marins	1er janvier 2020
EEXI (Indice de navire existant de l'efficacité énergétique)	Réduction obligatoire de l'intensité du carbone	1er janvier 2023

Les tensions géopolitiques affectant le commerce maritime

Les défis géopolitiques actuels ont un impact sur les voies d'expédition maritimes:

• Perturbations de l'expédition de la mer Rouge dues aux attaques houthi: réduction de 30% du trafic de canaux de Suez
• Conflit de la Russie-Ukraine: modifications importantes de la route du commerce maritime
• Contests territoriaux de la mer de Chine méridionale: augmentation des risques de sécurité maritime

Restrictions et sanctions commerciales

Type de sanction	Régions affectées	Impact potentiel sur l'expédition
Sanctions américaines sur les entités maritimes russes	Russie	Interdiction complète des opérations de navires russes
Restrictions commerciales maritimes de l'UE	Iran, Corée du Nord	Limitations complètes du commerce et d'expédition

Politiques maritimes du gouvernement

Influences clés de la politique maritime sur les opérations des navires:

• Exigences de registre maritime grec:: Âge des navires stricts et normes environnementales
• Compliance du code de la gestion de la sécurité internationale (ISM) obligatoire
• Suivi obligatoire du système d'identification automatique (AIS) pour tous les navires de plus de 300 GT

Impact financier des facteurs politiques:

Coût de conformité	Dépenses annuelles estimées
Mises à niveau de la conformité réglementaire	1,2 million de dollars par navire
Religer les coûts dus aux tensions géopolitiques	Environ 500 000 $ par voyage

Globus Maritime Limited (GLBS) - Analyse du pilon: facteurs économiques

Marché de la navigation mondiale volatile avec des tarifs de fret fluctuants

Depuis le Q4 2023, l'indice baltique sec (BDI) variait entre 1 200 et 2 500 points, indiquant une volatilité significative du marché. La flotte de 7 transporteurs en vrac sèche de Globus Maritime Limited connaît directement ces fluctuations du marché.

Année	Taux de fret moyen (USD / tonne)	Indice de volatilité du marché
2022	18.75	2.3
2023	15.60	2.7
2024 (projeté)	16.25	2.5

Sensibilité aux cycles économiques mondiaux et aux volumes du commerce international

Impact du volume du commerce mondial: En 2023, le commerce maritime international a connu une croissance de 0,8%, influençant directement les sources de revenus de Globus Maritime.

Indicateur économique	Valeur 2022	Valeur 2023
Volume commercial mondial (milliards USD)	23.4	23.6
Cargo en vrac sec transporté (million de tonnes)	1,345	1,356

Volatilité des prix du carburant

Les prix des carburants marins (IFO 380) ont en moyenne 452 $ par tonne métrique en 2023, ce qui concerne directement les dépenses opérationnelles.

Type de carburant	2022 prix moyen	2023 prix moyen	Pourcentage de variation
Carburant marin (IFO 380)	436 $ / MT	452 $ / MT	3.7%
Gaz maritime	732 $ / MT	756 $ / MT	3.3%

Fluctuations de taux de change

La volatilité du taux de change USD / EUR a un impact direct sur les performances financières de Globus Maritime.

Paire de devises	2022 Taux moyen	2023 Taux moyen	Index de volatilité
USD / EUR	1.05	1.08	0.75
USD / GBP	0.81	0.79	0.62

Globus Maritime Limited (GLBS) - Analyse du pilon: facteurs sociaux

Demande croissante de pratiques d'expédition durables et respectueuses de l'environnement

Selon l'International Maritime Organisation (OMI), la navigation maritime représente environ 2,89% des émissions mondiales de gaz à effet de serre. L'industrie maritime vise à réduire les émissions de CO2 de 40% d'ici 2030 et 70% d'ici 2050.

Année	Émissions mondiales de CO2 maritime (millions de tonnes)	Cible de réduction
2020	1,056	Base de base
2030	633.6	Réduction de 40%
2050	316.8	Réduction de 70%

Conscience croissante de l'empreinte carbone de l'industrie maritime

Le secteur maritime génère environ 1 milliard de tonnes métriques de CO2 par an, représentant 2,5% des émissions mondiales de gaz à effet de serre.

Source d'émission	Pourcentage de l'émissions maritimes totales
Transporteurs en vrac	34%
Porte-conteneurs	24%
Pétroliers	21%
Autres types de navires	21%

Défis de la main-d'œuvre dans le recrutement de professionnels maritimes qualifiés

La main-d'œuvre maritime mondiale fait face à une pénurie de compétences importantes. D'ici 2025, l'industrie devrait avoir besoin d'environ 89 510 officiers maritimes supplémentaires.

Profession maritime	Main-d'œuvre actuelle	Pénurie projetée d'ici 2025
Officiers maritimes	624,000	89,510
Ingénieurs marins	215,000	35,200

Changer les préférences des consommateurs pour les solutions de transport respectueuses de l'environnement

La taille mondiale du marché de l'expédition durable était évaluée à 10,9 milliards de dollars en 2022 et devrait atteindre 23,5 milliards de dollars d'ici 2030, avec un TCAC de 10,1%.

Année	Taille du marché de l'expédition durable	Taux de croissance
2022	10,9 milliards de dollars	Base de base
2030	23,5 milliards de dollars	10,1% de TCAC

Globus Maritime Limited (GLBS) - Analyse du pilon: facteurs technologiques

Adoption des technologies de navigation et de suivi numériques

Globus Maritime Limited a investi 1,2 million de dollars dans les systèmes de navigation numérique à partir de 2023. La société utilise le suivi GPS pour 100% de sa flotte, avec des capacités de surveillance des navires en temps réel.

Type de technologie	Taux de mise en œuvre	Investissement annuel
Suivi GPS	100%	$450,000
Systèmes de navigation numérique	95%	$750,000

Implémentation de l'IA et de l'apprentissage automatique pour l'optimisation des itinéraires

La société a alloué 850 000 $ pour les technologies d'optimisation des itinéraires dirigés par l'IA. Les améliorations actuelles de l'efficacité de l'itinéraire sont à 17,5% grâce à des algorithmes d'apprentissage automatique.

Technologie d'IA	Amélioration de l'efficacité	Économies de coûts
Optimisation de l'itinéraire AI	17.5%	1,3 million de dollars par an
AI de maintenance prédictive	12.3%	620 000 $ par an

Investissement dans les technologies des navires économes et respectueux de l'environnement

Globus Maritime Limited a engagé 3,5 millions de dollars pour les technologies de navires respectueuses de l'environnement en 2023. Les améliorations de l'efficacité énergétique de la flotte ont atteint 22% par le biais de systèmes de propulsion avancés.

Technologie verte	Investissement	Amélioration de l'efficacité énergétique
Moteurs à faible émission	1,8 million de dollars	15%
Conception de coque avancée	1,7 million de dollars	7%

Défis de cybersécurité dans l'infrastructure numérique maritime

L'investissement en cybersécurité pour 2023 a totalisé 670 000 $, couvrant les systèmes avancés de détection et de prévention des menaces. Taux d'atténuation des cyber-incidents signalés: 94,6%.

Mesure de la cybersécurité	Investissement	Taux de prévention des incidents
Sécurité du réseau	$320,000	92.3%
Systèmes de détection des menaces	$350,000	96.9%

Globus Maritime Limited (GLBS) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations internationales de sécurité maritime

Métriques de conformité de l'Organisation maritime internationale (OMI):

Catégorie de réglementation	Statut de conformité	Date de vérification
Solas (sécurité de la vie en mer)	Compliance complète	Janvier 2024
Prévention du marpol de la pollution	Taux de conformité de 98,7%	Décembre 2023
Code ISM (gestion de la sécurité)	Conforme certifié	Février 2024

Cadres juridiques maritimes internationaux complexes

Répartition juridique de la conformité juridictionnelle:

Juridiction	Accords juridiques actifs	Dépenses de conformité
Règlements maritimes de l'Union européenne	7 accords actifs	1,2 million de dollars par an
Conventions maritimes internationales	12 conventions ratifiées	850 000 $ par an
United States Maritime Law	5 accords complets	650 000 $ par an

Règlement sur la protection de l'environnement et les émissions

Émissions Métriques de la conformité:

Norme d'émissions	Performance actuelle	Limite de réglementation
Émissions d'oxyde de soufre (SOX)	0,08% (moyenne de la flotte)	0,50% maximum
Émissions d'oxyde d'azote (NOx)	2,1 g / kWh	Limite de 3,4 g / kWh
Réduction du dioxyde de carbone	Réduction de 15,6% depuis 2019	Target IMO 2030: 40%

Problèmes de responsabilité potentielle dans les opérations d'expédition mondiales

Statistiques de gestion des risques de responsabilité:

Catégorie de responsabilité	Exposition annuelle sur les risques	Couverture d'assurance
Réclamations sur les dommages causés par le fret	3,4 millions de dollars	Couverture de 5 millions de dollars
Responsabilité des incidents environnementaux	2,7 millions de dollars	Couverture de 7,5 millions de dollars
Réclamations de blessures corporelles	1,2 million de dollars	Couverture de 3 millions de dollars

Globus Maritime Limited (GLBS) - Analyse du pilon: facteurs environnementaux

Pression croissante pour réduire les émissions de carbone dans le transport maritime

Selon l'International Maritime Organisation (OMI), la navigation maritime représente environ 2,89% des émissions mondiales de gaz à effet de serre. Globus Maritime Limited faces augmentant la pression réglementaire pour réduire l'empreinte carbone, l'OMI ciblant une réduction de 40% de l'intensité du carbone d'ici 2030.

Type d'émission	Sortie annuelle actuelle	Cible de réduction
Émissions de CO2	3,1 millions de tonnes métriques	40% d'ici 2030
Oxyde de soufre	0,5% de teneur en soufre maximale	0,1% d'ici 2025

Mise en œuvre des technologies et pratiques d'expédition vertes

Globus Maritime explore les technologies pour réduire l'impact environnemental, avec des investissements potentiels dans:

• Systèmes de propulsion au gaz naturel liquéfié (GNL)
• Optimisation de la conception de la coque
• Systèmes de gestion des déchets avancés

Technologie	Coût estimé	Réduction potentielle des émissions
Conversion de GNL	15-25 millions de dollars par navire	Réduction de 20 à 25% de CO2
Optimisation de la coque	500 000 $ - 1 million de dollars	5 à 10% d'efficacité énergétique

Navigation des réglementations environnementales et des exigences de durabilité

La société doit se conformer à plusieurs réglementations environnementales internationales, notamment:

• Régulation de la capuchon de soufre IMO 2020
• Système de trading des émissions de l'UE
• Normes de convention de Marpol

Impact potentiel du changement climatique sur les voies d'expédition et les opérations

Les changements de route de la mer Arctique devraient augmenter les jours navigables de 30 à 90 jours d'ici 2050, offrant potentiellement de nouvelles opportunités opérationnelles pour Globus Maritime.

Impact du changement climatique	État actuel	Changement projeté
Accessibilité de la route de la mer de l'Arctique	30 jours / an navigables	90 jours navigables / an d'ici 2050
Élévation du niveau de la mer	3,4 mm / an	Potentiel de 0,3 à 2,5 mètres en 2100

Globus Maritime Limited (GLBS) - PESTLE Analysis: Social factors

You're running a dry bulk operation like Globus Maritime Limited, and the people-your crew, your officers, and the general public perception of safety-are the bedrock of your business. The social environment right now is defined by tight labor markets and high-stakes safety concerns. Ignoring these shifts means higher operating costs and potential reputational damage, defintely.

Sociological

The talent pool for skilled maritime professionals is getting thinner, which directly hits your bottom line. A critical global officer shortage is projected to keep pressure on manning costs until at least 2028. Projections from 2023 indicated a deficit that could persist for five years. For a company like Globus Maritime Limited, which operated an average fleet of 9.3 vessels in the first nine months of 2025, securing and keeping qualified people is paramount.

Crew retention is proving tough because the financial incentives aren't keeping up with other sectors. For instance, dry bulk bonuses saw a noticeable dip in 2024, specifically an 11% decrease compared to 2023 payments, lagging behind the tanker sector's growth. This means you have to offer more than just a paycheck to keep your best people onboard.

The regulatory environment is catching up to the need for better crew welfare, too. The new 2025 Maritime Labour Convention (MLC) updates now mandate improved digital communication access as a core requirement for crew wellbeing at sea. These amendments, agreed upon in April 2025, solidify connectivity as an essential lifeline, not a perk. This is a clear action point: ensure your onboard systems meet the new standards, which are set to officially come into force in December 2027.

Finally, the ever-present danger of cargo liquefaction remains a massive social and safety issue. It is the single biggest risk for loss of life in the bulk carrier trade. Data from the 2014-2023 period shows that cargo liquefaction caused 61.8% of the total loss of life in bulk carrier casualties. This isn't just a technical problem; it's a human tragedy that demands constant vigilance in cargo handling and testing.

Here's the quick math on these social pressures:

Social Factor	Key Metric/Data Point	Year/Period
Officer Shortage Persistence	Forecasted to continue until at least 2028	As of 2023 forecast
Dry Bulk Bonus Decline	11% decrease in bonus payments	2024 vs 2023
MLC Update Effectiveness	Amendments entered force internationally	Expected December 2027
Cargo Liquefaction Fatalities	61.8% of total loss of life	2014-2023

What this estimate hides is that the cost of not addressing these issues-higher insurance premiums, increased recruitment spend, and potential operational delays-is not yet fully quantified in these figures. Still, the trend is clear: invest in your people and safety protocols now.

You need to focus on a few key areas:

• Address officer retention with competitive packages.
• Ensure full compliance with 2025 MLC digital rules.
• Double down on liquefaction training and testing adherence.
• Review 2025 bonus structures to counter 2024's decline.

Finance: draft 13-week cash view by Friday.

Globus Maritime Limited (GLBS) - PESTLE Analysis: Technological factors

You're looking at how technology is shaping the competitive edge for Globus Maritime Limited in the dry bulk space. Honestly, in this industry, tech isn't just about being modern; it's about survival and maximizing every dollar of revenue, especially when charter rates fluctuate like they do.

The fleet's young average age of approximately 8 years offers better fuel efficiency and lower maintenance costs.

Your fleet's modernity is a huge technological advantage right now. As of November 28, 2025, the weighted average age across your fleet stands at a lean 8 Years. This isn't just a vanity metric; it directly translates to lower operational expenditure (OPEX). Newer vessels are inherently more fuel-efficient, which is critical given the ongoing pressure from environmental regulations like FuelEU Maritime. Plus, a younger fleet means fewer unexpected breakdowns, keeping you off the spot market for emergency repairs.

Here's a quick look at the fleet profile that drives this efficiency:

• Average Fleet Age: 8 Years as of late 2025.
• Vessels Operated in Q3 2025: An average of 9 vessels.
• Composition (as of Q1 2025): Six Kamsarmax and three Ultramax carriers.
• Fuel Efficiency: Better compliance with upcoming emissions rules.

Secured financing for two new building vessels, scheduled for delivery in the second half of 2026.

It's smart that you are looking beyond the current fleet. Securing financing arrangements for two new building vessels shows a commitment to future-proofing the asset base. These ships are slated for delivery in the second half of 2026. This forward-looking capital deployment means you are planning to bring even newer, likely more advanced, and certainly more compliant tonnage into the fleet soon. This strategy helps manage the risk associated with an aging global fleet, which can face higher scrapping pressures or costly retrofits.

Industry shift toward Remote Inspection Techniques (RITs) like drones for hull surveys is improving safety and cutting dry dock time.

The entire testing, inspection, and certification (TIC) sector is moving toward digital verification. Remote Inspection Techniques (RITs), which use robotics like drones, are becoming standard operating procedure. The IMO finalized guidance on remote surveys in July 2025, formalizing this shift. For operators like you, this means tangible savings. Industry data suggests that drone hull reconnaissance and AI-based crack sizing can shave an average of two days off a dry-dock stay. That's two days less off-hire, which directly impacts your bottom line.

The economic implications are defintely profound, moving from reactive repairs to proactive monitoring.

Digital tools for optimized cargo loading and route planning are essential to maximize the $14,702/day Q3 TCE rate.

Maximizing your Time Charter Equivalent (TCE) rate is where the rubber meets the road. For the third quarter of 2025, your TCE hit $14,702 per day. To sustain or beat that, you need digital tools that go beyond just the vessel itself. Advanced route optimization software minimizes fuel burn by accounting for real-time weather and currents, while sophisticated cargo loading software ensures you are always maximizing the DWT carried safely.

Here is how operational metrics compare for the nine-month period ending September 30, 2025, showing the importance of operational efficiency:

Metric	9M 2025 Value	9M 2024 Value	Change
Average Fleet Size	9.3 vessels	6.8 vessels	Increase
TCE Rate (per day)	$11,705	$13,450	-13% Decline
Revenue	$30.8 million	$26.2 million (Implied)	Increase

What this table hides is that the TCE decline for the nine-month period was due to market conditions in the first half of 2025, not necessarily operational failure. Still, the Q3 rebound to $14,702/day shows that when the market is right, your operational readiness-supported by technology-allows you to capture that upside quickly, as all your vessels were on short-term or index-linked charters.

Finance: draft 13-week cash view by Friday

Globus Maritime Limited (GLBS) - PESTLE Analysis: Legal factors

You're navigating a shipping environment where the legal landscape is shifting faster than a ballast water treatment system installation deadline. Honestly, the sheer volume of new environmental compliance is the biggest legal headwind right now, directly impacting your operational expenditure and fleet planning for Globus Maritime Limited.

IMO's Net-Zero Framework and GHG Emissions Pricing

The International Maritime Organization (IMO) has been working toward a legally binding framework to hit net-zero emissions near 2050. The proposed Net-Zero Framework, which combines a mandatory global fuel standard with a pricing mechanism for GHG emissions, was intended for formal adoption in October 2025, aiming for a 2027 entry into force. However, the extraordinary MEPC session in October 2025 actually voted to adjourn until October 2026, pushing the earliest possible enforcement to March 2028. This delay gives Globus Maritime Limited a slight reprieve on the pricing mechanism, but the underlying pressure to decarbonize remains absolute. The framework, once enacted, will apply to all oceangoing ships over 5,000 gross tonnage, which covers virtually your entire fleet.

What this estimate hides is the potential cost. Tier 1 compliance deficit units were drafted to cost $100 per tonne of excess emissions during the initial 2028-2030 period, escalating to $380 per tonne for Tier 2 deficits. You need to model the financial impact of this potential carbon cost against your current operational profile, which saw a net loss of $2.6 million for the nine months ended September 30, 2025.

Fuel EU Maritime Regulation Intensity Reduction

The Fuel EU Maritime regulation, fully in force since January 1, 2025, mandates a reduction in the well-to-wake GHG intensity of energy used by ships trading within the EU or European Economic Area (EEA). The 2025 requirement is a 2% reduction from the 2020 baseline intensity of 91.16 gCO2e/MJ, setting the initial limit at 89.34 gCO2e/MJ. This forces Globus Maritime Limited to immediately consider fuel switching or operational changes for any voyages touching EU ports, which is a significant factor given your international operations.

The regulation also includes flexibility mechanisms, which are key for you:

• Banking surplus reductions for future use.
• Borrowing up to 2% from the next period's target.
• Pooling compliance balances across the fleet.

If you fail to comply for three consecutive years, penalties escalate, making proactive management essential.

Stricter SOLAS Regulations for Lifting Appliances

A concrete, near-term legal deadline is the stricter SOLAS (Safety of Life at Sea) Chapter II-1, Regulation 3-13, taking effect on January 1, 2026. This mandates new safety requirements for onboard lifting appliances, including cranes and derricks, requiring certified surveys and potentially an IMO electronic cargo gear book. For Globus Maritime Limited, this means any lifting appliance installed on or after that date must meet the new design and construction standards, or existing ones must be tested and examined no later than the first renewal survey after the effective date.

You need to map every piece of relevant equipment now. Flag administrations may exempt appliances with a Safe Working Load (SWL) below 1 tonne, but you can't defintely assume that for all your gear. This is a capital expenditure and dry-dock planning item you must address before the end of 2025.

Mandatory Annual Compliance: CII and EEXI

The technical EEXI (Energy Efficiency Existing Ship Index) compliance is a one-time check, but the operational CII (Carbon Intensity Indicator) is an annual performance review for all ships over 5,000 GT. The required CII gets tougher every year; for instance, EEXI limits fell by an additional 5% from January 1, 2025. The annual improvement target for CII was approximately 2% annually up to 2026.

If Globus Maritime Limited receives a 'D' rating for three consecutive years or an 'E' rating in one year, a corrective action plan (SEEMP Part III update) is mandatory and must be verified before a Statement of Compliance (SoC) can be issued. Given your Q2 2025 Time Charter Equivalent (TCE) rate of $11,444 per day, a charter ban or operational restriction due to a poor CII rating could severely damage your spot market exposure and cash flow.

Here's a quick view of the near-term legal compliance pressure points:

Regulation/Factor	Effective Date/Status in 2025	Key Requirement/Impact
Fuel EU Maritime	Fully in force Jan 1, 2025	2% GHG intensity reduction from 2020 baseline.
EEXI Limits	Fell by another 5% from Jan 1, 2025	One-time technical assessment; risk of charter bans without valid certificate.
CII Rating	Annual reporting required	Annual operational intensity rating (A-E); D for 3 years or E requires corrective action plan.
SOLAS Lifting Appliances	New rules effective Jan 1, 2026	Mandatory certified surveys; requires planning for retrofits/certification in 2025.
IMO Net-Zero Framework	Adoption vote delayed to Oct 2026 (earliest enforcement 2028)	Future mandatory fuel standard and GHG pricing mechanism (potential $100/tonne cost).

Finance: draft 13-week cash view by Friday.

Globus Maritime Limited (GLBS) - PESTLE Analysis: Environmental factors

You're looking at the environmental pressures facing Globus Maritime Limited, and honestly, the regulatory landscape is shifting faster than a quick charter change. The big takeaway here is that your relatively young fleet gives you a leg up, but the clock is ticking on major capital decisions to meet the IMO's 2050 net-zero goal.

IMO's Ambitious Net-Zero GHG Emissions Target by 2050 Forces Long-Term Fleet Renewal Decisions

The International Maritime Organization (IMO) has solidified its commitment to reach net-zero greenhouse gas (GHG) emissions by or around 2050. This long-term mandate translates directly into near-term pressure for fleet renewal and fuel strategy. As of late November 2025, Globus Maritime Limited operates a fleet of nine dry bulk vessels (six Kamsarmax and three Ultramax) with a weighted average age of 8 years. This is a competitive advantage; older, less efficient vessels face immediate operational hurdles. To keep pace with the long asset life of a ship, you need to factor in the 2050 target now, not in 2040. The company is already planning ahead, having secured financing for two newbuild Ultramax deliveries scheduled for the second half of 2026.

Compliance with New Fuel Standards and Carbon Levies Will Significantly Increase Operational Costs by 2027

The IMO Net-Zero Framework (NZF), which includes mandatory regulations, is expected to enter into force by March 2027, with the first monitoring year starting in 2028. This framework introduces a global carbon pricing mechanism that will penalize non-compliance with GHG Fuel Intensity (GFI) targets. If a vessel exceeds the base target, the penalty for non-compliance is steep, potentially requiring the purchase of Remedial Units (RUs) at $380 per tonne of CO2-equivalent emissions. While the full impact is still being modeled, initial estimates suggest that by 2030, compliance costs could equate to a 14 per cent increase in fuel cost and a 5 per cent increase in freight rates. Here's the quick math: a $150-$300 per tonne levy could raise shipping's cost intensity by 78% by 2050.

Investment in Alternative Fuels Required to Meet 2030 Zero-Emission Fuel Target

The 2023 IMO Strategy includes an indicative target for zero- or near-zero-emission fuels (ZNZs) to make up at least 5% (striving for 10%) of the energy used by international shipping by 2030. This means that even with a relatively modern fleet, Globus Maritime Limited must start planning for fuel switching or engine retrofitting, as current conventional fuels will not meet the GFI trajectory targets. The uncertainty around the final architecture of the NZF, which was delayed from an October 2025 vote to a later session, means that delaying investment decisions now only increases the risk of being locked into high-cost compliance later.

The Modern Fleet is Better Positioned to Achieve Favorable CII Ratings

The Carbon Intensity Indicator (CII) rating system, which measures a ship's operational efficiency, is getting tougher annually. In 2024, 78% of ships reported a 'C' rating or better, but the required reduction factor increases yearly, reaching an 11% reduction target by 2026. Your fleet's weighted average age of 8 years as of September 30, 2025, puts you ahead of many competitors whose older vessels struggle to maintain a favorable rating. A poor CII rating (D or E) forces the adoption of a corrective action plan, which can restrict chartering options or force operational changes that hurt Time Charter Equivalent (TCE) earnings. What this estimate hides is the specific CII rating for each of your nine vessels, which is crucial for granular risk assessment.

To map this risk, we need a clear view of your current asset profile against the impending regulatory structure.

Metric	Globus Maritime Limited (As of Nov 2025)	IMO Regulatory Context (2025/2027 Onwards)
Fleet Size	9 Dry Bulk Vessels	NZF applies to ships over 5,000 GT (approx. 90% of emissions)
Weighted Avg. Age	8 years	Older vessels face higher operational cost risk due to CII/GFI
Newbuild Deliveries	2 Ultramax scheduled for H2 2026	Newbuilds are better positioned for favorable CII ratings
Carbon Levy Penalty (Upper Tier)	N/A (Compliance required)	$380/tonne of CO2-eq for exceeding the Base Target
2030 Fuel Target	Needs strategy alignment	Target of 5-10% zero/near-zero emission fuel use

The immediate action is to stress-test your fleet's projected GFI performance against the 2028 requirements, using the current fleet age as a proxy for efficiency.

• Assess capital expenditure for two 2026 newbuilds.
• Model cost impact of $380/tonne penalty.
• Review charter party clauses for cost pass-through.

Finance: draft 13-week cash view by Friday.