Tycoon Victor Restis has come in via a private placement to take 12.5m shares at $1.60 a unit at fellow Greek outfit Globus Maritime, a struggling dry bulk owner.
Georgios Feidakis, Globus’s chairman, stated: “We are pleased by this demonstration of confidence in our company from our new investor, United Capital Investments Corp, led by Mr Victor Restis. Mr Restis has significant experience in shipping and currently runs a fleet of approximately 40 vessels. We continue to be committed to our customers and shareholders and anticipate this transaction will have a positive impact on the company’s growth.”
Globus Maritime was granted waivers and relaxations on its loan covenants by DVB Bank and HSH Nordbank in April, while it was also able to defer instalment loan payments due in 2017. The company has a fleet of five bulkers, all supramaxes.