Globus Maritime has moved closer to the black side of the ledger, thanks to selling some debt near the end of the first quarter.
The Athanasios Feidakis-led owner posted a $0.47m loss for the period versus a $1.54m loss a year earlier.
Revenue fell 10% to $3.5m, mostly due to charter rates slipping 16% to $6,736 per day per vessel after the 25 January Vale dam breach took millions of iron-ore tonnes from the market.
