Company StrategyGLBS announced the acquisition of two dry bulk ships, which is expected to offset the decline in shipping rates with additional revenue.
Financial PerformanceGLBS is forecasted to generate free cash flow in 2H24, 2025, and 2026, indicating financial stability and growth potential.
Fleet ExpansionThe company plans to have 12 ships by the end of 2026, expanding its fleet and potentially increasing its revenue-generating capacity.