Globus Maritime Limited (GLBS) 20-F 20 Mar 23 2022 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2022 shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-34985
Entity Registrant Name	Globus Maritime Limited
Entity Central Index Key	0001499780
Entity Incorporation, State or Country Code	1T
Entity Address, Address Line One	128 Vouliagmenis Ave., 3rd Floor
Entity Address, City or Town	Glyfada, Attica
Entity Address, Country	GR
Entity Address, Postal Zip Code	166 74
Title of 12(b) Security	Common Shares, par value $0.004 per share
Trading Symbol	GLBS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	20,582,301
ICFR Auditor Attestation Flag	true
Auditor Firm ID	1457
Auditor Name	Ernst & Young (Hellas) Certified Auditors Accountants S.A.
Auditor Location	Athens, Greece
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	128 Vouliagmenis Ave., 3rd Floor
Entity Address, City or Town	Glyfada, Attica
Entity Address, Country	GR
Entity Address, Postal Zip Code	166 74
City Area Code	+30
Local Phone Number	210 960 8300
Contact Personnel Name	Athanasios Feidakis

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income/(Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
REVENUE:
Voyage revenues	$ 61,390	$ 43,211	$ 11,753
Management & consulting fee income	365	170	0
Total Revenues	61,755	43,381	11,753
EXPENSES & OTHER OPERATING INCOME:
Voyage expenses	(5,373)	(1,128)	(2,490)
Vessel operating expenses	(18,012)	(13,808)	(8,581)
Depreciation	(5,600)	(3,910)	(2,398)
Depreciation of dry-docking costs	(4,646)	(2,751)	(1,335)
Administrative expenses	(2,876)	(2,610)	(1,891)
Administrative expenses payable to related parties	(1,412)	(1,361)	(1,915)
Share-based payments	0	(40)	(40)
Impairment loss	0	0	(4,615)
Other (expenses)/income, net	(204)	171	89
Operating income/(loss)	23,632	17,944	(11,423)
Interest income	375	8	16
Interest expense and finance costs	(2,320)	(3,262)	(4,155)
Gain/(loss) on derivative financial instruments	2,520	181	(1,647)
Foreign exchange gains/(losses), net	73	79	(163)
TOTAL INCOME/(LOSS) FOR THE YEAR	24,280	14,950	(17,372)
Other Comprehensive Income	0	0	0
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR	$ 24,280	$ 14,950	$ (17,372)
Earnings/(Loss) per share (U.S.$):
- Basic and Diluted income/(loss) per share for the year	$ 1.18	$ 1.01	$ (18.11)

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
NON-CURRENT ASSETS
Vessels, net	$ 129,461	$ 130,724
Advances for vessel purchase	28,172	0
Office furniture and equipment	90	97
Right of use asset	493	888
Restricted cash	3,590	3,576
Fair value of derivative financial instruments	1,315	417
Other non-current assets	10	10
Total non-current assets	163,131	135,712
CURRENT ASSETS
Current portion of fair value of derivative financial instruments	1,092	0
Trade accounts receivable	109	1,003
Inventories	3,028	852
Prepayments and other assets	2,887	1,224
Restricted cash	2,378	1,648
Cash and cash equivalents	52,833	45,213
Total current assets	62,327	49,940
TOTAL ASSETS	225,458	185,652
EQUITY
Issued share capital	82	82
Share premium	284,406	284,406
Accumulated deficit	(113,790)	(138,070)
Total equity	170,698	146,418
NON-CURRENT LIABILITIES
Long-term borrowings, net of current portion	37,522	26,438
Provision for staff retirement indemnities	148	114
Lease liabilities	188	556
Total non-current liabilities	37,858	27,108
CURRENT LIABILITIES
Current portion of long-term borrowings	6,803	5,044
Trade accounts payable and other	3,548	1,100
Accrued liabilities and other payables	5,814	3,497
Current portion of lease liabilities	321	349
Fair value of derivative financial instruments	0	92
Deferred revenue	416	2,044
Total current liabilities	16,902	12,126
TOTAL LIABILITIES	54,760	39,234
TOTAL EQUITY AND LIABILITIES	$ 225,458	$ 185,652

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Issued capital [member]	Share premium [member]	Accumulated Deficit [member]	Total [member]
Balance at Dec. 31, 2019	$ 0	$ 145,527	$ (135,648)	$ 9,879
Income for the year	0	0	(17,372)	(17,372)
Other comprehensive income	0	0	0	0
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR	0	0	(17,372)	(17,372)
Share-based payments (note 12)	0	40	0	40
Issuance of common stock due to conversion (note 11)	0	815	0	815
Issuance of new common shares (Note 9)	12	49,305	0	49,317
Issuance of new common shares due to exercise of Warrants (Note 9)	0	194	0	194
Issuance of Class B preferred shares (Note 4)	0	300	0	300
Transaction costs on issue of new common shares (Note 9)	0	(1,079)	0	(1,079)
Balance at Dec. 31, 2020	12	195,102	(153,020)	42,094
Income for the year	0	0	14,950	14,950
Other comprehensive income	0	0	0	0
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR	0	0	14,950	14,950
Share-based payments (note 12)	0	40	0	40
Issuance of new common shares (Note 9)	60	89,520	0	89,580
Issuance of new common shares due to exercise of Warrants (Note 9)	10	15	0	25
Issuance of Class B preferred shares (Note 4)	0	130	0	130
Transaction costs on issue of new common shares (Note 9)	0	(401)	0	(401)
Balance at Dec. 31, 2021	82	284,406	(138,070)	146,418
Income for the year	0	0	24,280	24,280
Other comprehensive income	0	0	0	0
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR	0	0	24,280	24,280
Balance at Dec. 31, 2022	$ 82	$ 284,406	$ (113,790)	$ 170,698

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities
Income / (Loss) for the year	$ 24,280	$ 14,950	$ (17,372)
Adjustments for:
Depreciation	5,600	3,910	2,398
Depreciation of deferred dry-docking costs	4,646	2,751	1,335
Payment of deferred dry-docking costs	(2,995)	(3,664)	(2,663)
Provision for staff retirement indemnities	35	83	5
Impairment loss	0	0	4,615
(Gain)/Loss on derivative financial instruments	(2,520)	(181)	1,647
Interest expense and finance costs	2,320	3,262	4,155
Interest income	(375)	(8)	(16)
Foreign exchange (gains)/losses, net	(26)	(87)	121
Share based payment	0	40	40
Trade accounts receivable	894	(850)	87
Inventories	(2,176)	396	297
Prepayments and other assets	(1,663)	(197)	(874)
Trade accounts payable	2,721	(1,917)	89
Accrued liabilities and other payables	(2,207)	503	(392)
Deferred revenue	(1,628)	1,759	285
Net cash generated from / (used in) operating activities	26,906	20,750	(6,243)
Cash flows from investing activities:
Vessel acquisition	0	(71,600)	(18,474)
Advance for vessel acquisition	(28,172)	0	0
Vessels’ improvements	(1,178)	(332)	(54)
Purchases of office furniture and equipment	(33)	(36)	(30)
Interest received	375	8	16
Net cash used in investing activities	(29,008)	(71,960)	(18,542)
Cash flows from financing activities:
Proceeds from loans	18,000	34,250	0
Repayment of long-term debt	(5,375)	(3,993)	0
Prepayment of long-term debt	0	(35,507)	(3,040)
Proceeds from issuance of share capital	0	89,580	49,317
Proceeds from exercise of Warrants	0	25	194
Transaction costs on issuance of new common shares	0	(401)	(1,079)
(Increase)/decrease in restricted cash	(744)	(3,158)	369
Payment of financing costs	(259)	(545)	0
Payment of lease liability - principal	(286)	(241)	(159)
Interest paid	(1,614)	(2,624)	(4,146)
Net cash generated from financing activities	9,722	77,386	41,456
Net increase in cash and cash equivalents	7,620	26,176	16,671
Cash and cash equivalents at the beginning of the year	45,213	19,037	2,366
Cash and cash equivalents at the end of the year	$ 52,833	$ 45,213	$ 19,037

Basis of presentation and gener

Basis of presentation and general information	12 Months Ended
	Dec. 31, 2022
Disclosure of subsidiaries [abstract]
Basis of presentation and general information	1.               Basis of presentation and general information The accompanying consolidated financial statements include the financial statements of Globus Maritime Limited Marshall Islands The address of the registered office of Globus is: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. The principal business of the Company is the ownership and operation of a fleet of dry bulk motor vessels (“m/v”), providing maritime services for the transportation of dry cargo products on a worldwide basis. The operations of the vessels are managed by Globus Shipmanagement Corp. (the “Manager”), a wholly owned Marshall Islands corporation. The Manager has an office in Greece, located at 128 Vouliagmenis Avenue, 166 74 Glyfada, Greece and provides the commercial, technical, cash management and accounting services necessary for the operation of the fleet in exchange for a management fee. The management fee is eliminated on consolidation. The consolidated financial statements include the financial statements of Globus and its subsidiaries listed below, all wholly owned by Globus as at December 31, 2022: Basis of presentation and general information Company Country of Incorporation Vessel Delivery Date Vessel Owned Globus Shipmanagement Corp. Marshall Islands — Management Co. Devocean Maritime Ltd. Marshall Islands December 18, 2007 m/v River Globe Domina Maritime Ltd. Marshall Islands May 19, 2010 m/v Sky Globe Dulac Maritime S.A. Marshall Islands May 25, 2010 m/v Star Globe Artful Shipholding S.A. Marshall Islands June 22, 2011 m/v Moon Globe Longevity Maritime Limited Malta September 15, 2011 m/v Sun Globe Serena Maritime Limited Marshall Islands October 29, 2020 m/v Galaxy Globe Talisman Maritime Limited Marshall Islands July 20, 2021 m/v Power Globe Argo Maritime Limited Marshall Islands June 9, 2021 m/v Diamond Globe Calypso Shipholding S.A. Marshall Islands — Hull No: S-1885* Daxos Maritime Limited Marshall Islands — Hull No: NE-442* Olympia Shipholding S.A. Marshall Islands — — Paralus Shipholding S.A. Marshall Islands — Hull No: NE-443* Salaminia Maritime Limited Marshall Islands November 29, 2021 m/v Orion Globe * New building vessels The consolidated financial statements as at December 31, 2022 and 2021 and for the three years in the period ended December 31, 2022, were approved for issuance by the Board of Directors on March 17, 2023.

Basis of Preparation and Signif

Basis of Preparation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Disclosure of initial application of standards or interpretations [abstract]
Basis of Preparation and Significant Accounting Policies	2.         Basis of Preparation and Significant Accounting Policies 2.1         Basis of Preparation: Going concern basis of accounting: The Company performs on a regular basis an assessment to evaluate its ability to continue as a going concern. In assessing whether the going concern assumption is appropriate, management takes into account all available information about the future, which is at least, but is not limited to, twelve months from the end of the reporting period. The degree of consideration depends on the facts in each case and depends on the Company’s profitability and ready access to financial resources, In certain cases, management may need to consider a wide range of factors relating to current and expected profitability, debt repayment schedules, compliance with the financial and security collateral cover ratio covenants under its existing debt agreements and potential sources of replacement financing before it can satisfy itself that the going concern basis is appropriate. The Company may need to develop detailed cash flow projections as part of its assessment in such cases. In developing estimates of future cash flows, the Company makes assumptions about the vessels’ future performance, with the significant assumptions relating to time charter equivalent rates, vessels’ operating expenses, vessels’ capital expenditures, fleet utilization, Company’s general and administrative expenses and cash flow requirements for debt servicing. The assumptions used to develop estimates of future cash flows are based on historical trends as well as future expectations. As at December 31, 2022, the Company reported a total comprehensive income for the year of $ 24,280 26,906 52,833 45,000 The above conditions indicate that the Company is expected to be able to operate as a going concern and these consolidated financial statements were prepared under this assumption. Impact of COVID-19 on the Company’s Business The spread of the COVID-19 virus, which has been declared a pandemic by the World Health Organization in 2020 has caused substantial disruptions in the global economy and the shipping industry, as well as significant volatility in the financial markets, the severity and duration of which remains uncertain. The impact of the COVID-19 pandemic continues to unfold and may continue to have a negative effect on the Company’s business, financial performance and the results of its operations. As a result, many of the Company’s estimates and assumptions required increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, the Company’s estimates may change in future periods. Besides reducing demand for cargo, coronavirus may functionally limit the amount of cargo that the Company and its competitors are able to move because countries worldwide have imposed quarantine checks on arriving vessels, which have caused delays in loading and delivery of cargoes. The Company has evaluated the impact of the current economic situation on the recoverability of the carrying amount of its vessels. During the first quarter of 2020, the Company concluded that events and circumstances triggered the existence of potential impairment of its vessels. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the future operations. As a result, the Company performed an impairment assessment of the Company’s vessels by comparing the discounted projected net operating cash flows for each vessel to its carrying values. For the first quarter of 2020, the Company concluded that the recoverable amounts of the vessels were lower than their carrying amounts and an impairment loss of $ 4,615 no Conflicts The conflict between Russia and Ukraine, which commenced in February 2022, has disrupted supply chains and caused instability and significant volatility in the global economy. Much uncertainty remains regarding the global impact of the conflict in Ukraine, and it is possible that such instability, uncertainty and resulting volatility could significantly increase the costs of the Company and adversely affect its business, including the ability to secure charters and financing on attractive terms, and as a result, adversely affect the Company’s business, financial condition, results of operation, estimates and cash flows. Currently there is no direct effect on the Company’s operations. 2.       Basis of Preparation and Significant Accounting Policies (continued) Statement of Compliance: International Financial Reporting Standards Basis of Consolidation: All inter-company balances and transactions have been eliminated upon consolidation. Subsidiaries are fully consolidated from the date on which control is transferred to the Company and cease to be consolidated from the date on which control is transferred out of the Company. 2.2         Standards amendments and interpretations: The accounting policies adopted are consistent with those of previous financial year except for the following amended IFRS which have been adopted by the Company as at January 1, 2022: · IFRS 3 Business Combinations; IAS 16 Property, Plant and Equipment; IAS 37 Provisions, Contingent Liabilities and Contingent Assets as well as Annual Improvements 2018-2020 (Amendments) The amendments are effective for annual periods beginning on or after January 1, 2022 with earlier application permitted. The IASB has issued narrow-scope amendments to the IFRS Standards as follows: Ø IFRS 3 Business Combinations (Amendments) Ø IAS 16 Property, Plant and Equipment (Amendments) Ø IAS 37 Provisions, Contingent Liabilities and Contingent Assets (Amendments) Ø Annual Improvements 2018-2020 IFRS 1 First-time Adoption of International Financial Reporting Standards IFRS 9 Financial Instruments IAS 41 Agriculture IFRS 16 Leases The amendments had no impact on the financial statements of the Company. · IFRS 16 Leases-Covid 19 Related Rent Concessions beyond June 30, 2021 (Amendment) The Amendment applies to annual reporting periods beginning on or after April 1, 2021, with earlier application permitted, including in financial statements not yet authorized for issue at the date the amendment is issued. In March 2021, the Board amended the conditions of the practical expedient in IFRS 16 that provides relief to lessees from applying the IFRS 16 guidance on lease modifications to rent concessions arising as a direct consequence of the covid-19 pandemic. Following the amendment, the practical expedient now applies to rent concessions for which any reduction in lease payments affects only payments originally due on or before June 30, 2022, provided the other conditions for applying the practical expedient are met. The amendments had no impact on the financial statements of the Company. Standards issued but not yet effective and not early adopted: · IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting policies (Amendments) The Amendments are effective for annual periods beginning on or after January 1, 2023 with earlier application permitted. The amendments provide guidance on the application of materiality judgements to accounting policy disclosures. In particular, the amendments to IAS 1 replace the requirement to disclose ‘significant’ accounting policies with a requirement to disclose ‘material’ accounting policies. Also, guidance and illustrative examples are added in the Practice Statement to assist in the application of the materiality concept when making judgements about accounting policy disclosures. Management is in process of assessing the effect of these amendments on the Company’s financial statements and disclosures. 2.        Basis of Preparation and Significant Accounting Policies (continued) · IAS 8 Accounting policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates (Amendments) The amendments become effective for annual reporting periods beginning on or after January 1, 2023 with earlier application permitted and apply to changes in accounting policies and changes in accounting estimates that occur on or after the start of that period. The amendments introduce a new definition of accounting estimates, defined as monetary amounts in financial statements that are subject to measurement uncertainty, if they do not result from a correction of prior period error. Also, the amendments clarify what changes in accounting estimates are and how these differ from changes in accounting policies and corrections of errors. Management is in process of assessing the effect of these amendments on the Company’s financial statements and disclosures. · IAS 12 Income taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments) The amendments are effective for annual periods beginning on or after January 1, 2023 with earlier application permitted. The amendments narrow the scope of and provide further clarity on the initial recognition exception under IAS 12 and specify how companies should account for deferred tax related to assets and liabilities arising from a single transaction, such as leases and decommissioning obligations. The amendments clarify that where payments that settle a liability are deductible for tax purposes, it is a matter of judgement, having considered the applicable tax law, whether such deductions are attributable for tax purposes to the liability or to the related asset component. Under the amendments, the initial recognition exception does not apply to transactions that, on initial recognition, give rise to equal taxable and deductible temporary differences. It only applies if the recognition of a lease asset and lease liability (or decommissioning liability and decommissioning asset component) give rise to taxable and deductible temporary differences that are not equal. Management has assessed that these amendments will have no impact on the Company’s financial position or performance. · IAS 1 Presentation of Financial Statements: Classification of Liabilities as Current or Non-current (Amendments) The amendments are effective for annual reporting periods beginning on or after January 1, 2024, with earlier application permitted, and will need to be applied retrospectively in accordance with IAS 8. The objective of the amendments is to clarify the principles in IAS 1 for the classification of liabilities as either current or non-current. The amendments clarify the meaning of a right to defer settlement, the requirement for this right to exist at the end of the reporting period, that management intent does not affect current or non-current classification, that options by the counterparty that could result in settlement by the transfer of the entity’s own equity instruments do not affect current or non-current classification. Also, the amendments specify that only covenants with which an entity must comply on or before the reporting date will affect a liability’s classification. Additional disclosures are also required for non-current liabilities arising from loan arrangements that are subject to covenants to be complied with within twelve months after the reporting period. Management is in process of assessing the effect of these amendments on the Company’s financial statements and disclosures. · IFRS 16 Leases: Lease Liability in a Sale and Leaseback (amendments) The amendments are effective for annual reporting periods beginning on or after January 1, 2024, with earlier application permitted. The amendments are intended to improve the requirements that a seller-lessee uses in measuring the lease liability arising in a sale and leaseback transaction in IFRS 16, while it does not change the accounting for leases unrelated to sale and leaseback transactions. In particular, the seller-lessee determines ‘lease payments’ or ‘revised lease payments’ in such a way that the seller-lessee would not recognize any amount of the gain or loss that relates to the right of use it retains. Applying these requirements does not prevent the seller-lessee from recognizing, in profit or loss, any gain or loss relating to the partial or full termination of a lease. A seller-lessee applies the amendment retrospectively in accordance with IAS 8 to sale and leaseback transactions entered into after the date of initial application, being the beginning of the annual reporting period in which an entity first applied IFRS 16. Management has assessed that these amendments will have no impact on the Company’s financial position or performance. · Amendment in IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture The amendments address an acknowledged inconsistency between the requirements in IFRS 10 and those in IAS 28, in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The main consequence of the amendments is that a full gain or loss is recognized when a transaction involves a business (whether it is housed in a subsidiary or not). A partial gain or loss is recognized when a transaction involves assets that do not constitute a business, even if these assets are housed in a subsidiary. In December 2015 the IASB postponed the effective date of this amendment indefinitely pending the outcome of its research project on the equity method of accounting. Management has assessed that these amendments will have no impact on the Company’s financial position or performance. 2.       Basis of Preparation and Significant Accounting Policies (continued) 2.3          Significant accounting policies, judgments, estimates and assumptions: The preparation of consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amounts of revenues and expenses recognized during the reporting period. However, uncertainty about these assumptions and estimates could result in outcomes that could require a material adjustment to the carrying amount of the asset or liability affected in the future. Judgments: Impairment and Reversal of previously recognized impairment: The Company considers the following indicators of impairment/reversal of impairment: Ø Observable significant decrease / increase in vessel’s market value Ø Significant adverse / favorable changes in the technological, economic or legal environment incurred or are expected to be incurred and negatively / positively affect vessel’s value or decrease / increase its revenue generating ability Ø Market interest rates of return on investments have increased / decreased during the period, which will result in increase /decrease of the discount rate. To evaluate the presence of impairment/reversal of impairment indicators the Company assessed current market conditions as derived from historical information including analysis over vessel market charter rates and market prices, recent vessels sales and purchase activity, independent brokers valuations reports and also assesses forward looking industry information regarding vessels market values.as well as various qualitative factors. Based on such assessment performed as of December 31, 2022 and 2021 the Company concluded that no indicators for impairment and reversal of impairment were present as of December 31, 2022 and 2021 and no impairment or reversal of previously recognized impairment losses was recorded for the years ended December 31, 2022 and 2021 (Note 5). Estimates and assumptions Ø Carrying amount of vessels, net Ø Impairment of Vessels and Reversal of previously recognized impairment losses 2.4         Accounting for revenue and related expenses: Interest income Voyage expenses Vessel operating expenses 2.5          Foreign currency translation: The functional currency of Globus and its subsidiaries is the U.S. dollar, which is also the presentation currency of the Company, since the Company’s vessels operate in international shipping markets, whereby the U.S. dollar is the currency used for transactions. Transactions involving other currencies during the period are converted into U.S. dollars using the exchange rates in effect at the time of the transactions. At the financial position dates, monetary assets and liabilities, which are denominated in currencies other than the U.S. dollar, are translated into the functional currency using the period-end exchange rate. Gains or losses resulting from foreign currency transactions are included in foreign exchange gains/(losses), net in the consolidated statement of comprehensive income/(loss). 2.6           Cash and cash equivalents: 2.7        Trade accounts receivable, net: 8 0 2.       Basis of Preparation and Significant Accounting Policies (continued) 2.8            Inventories: 2.9         Vessels, net: 2.10        Dry-docking costs: Vessels are required to be dry-docked for major repairs and maintenance that cannot be performed while the vessels are operating. Dry-dockings occur approximately every 2.5 straight-line basis 2.11         Depreciation: straight-line basis 25 years 300 380 145 440 118 2.12        Impairment of Long-Lived Assets and Reversal of previously recognized impairment losses: The Company assesses at each reporting date whether there is an indication that a vessel may be impaired. The vessel’s recoverable amount is estimated when events or changes in circumstances indicate the carrying value may not be recoverable. If such indication exists and where the carrying value exceeds the estimated recoverable amounts, the vessel is written down to its recoverable amount. The recoverable amount is the greater of fair value less costs to sell and value-in-use. In assessing value-in-use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the vessel. Impairment losses are recognized in the consolidated statement of comprehensive income/(loss). The Company assesses also at each reporting date whether there is any indication that an impairment loss recognized in prior periods for a vessel may no longer exist or may have decreased. A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognized. If that is the case, the carrying amount of the asset is increased to its recoverable amount. That increased amount cannot exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the consolidated statement of comprehensive income/(loss). After such a reversal, the depreciation charge is adjusted in future periods to allocate the asset’s revised carrying amount, less any residual value, on a systematic basis over its remaining useful life (refer to note 5). 2.13        Long-term debt: 179 2.       Basis of Preparation and Significant Accounting Policies (continued) 2.14        Financing costs: 259 18,000 545 0 2.15        Borrowing costs: 2.16       Operating segment: one 2.17         Provisions and contingencies: Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and, a reliable estimate of the amount of the obligation can be made. Provisions are reviewed at each financial position date and adjusted to reflect the present value of the expenditure expected to be required to settle the obligation. Contingent liabilities are not recognized in the consolidated financial statements but are disclosed unless the possibility of an outflow of resources embodying economic benefits is remote, in which case there is no disclosure. Contingent assets are not recognized in the consolidated financial statements but are disclosed when an inflow of economic benefits is probable. 2.18         Pension and retirement benefit obligations: Provision for employees’ severance compensation: If the employee remains in the employment of the Company until normal retirement age, they are entitled to retirement compensation which is equal to 40% of the compensation amount that would be payable if they were dismissed at that time. 148 114 2.19        Offsetting of financial assets and liabilities: 2.20       Financial assets and liabilities: i. Classification and measurement of financial assets and financial liabilities Under IFRS 9, on initial recognition, a financial asset is classified as measured at: amortized cost; fair value through other comprehensive income (FVOCI) - debt investment; FVOCI - equity investment; or fair value through profit or loss (FVTPL). The classification of financial assets under IFRS 9 is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. 2.       Basis of Preparation and Significant Accounting Policies (continued) A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as at FVTPL: · it is held within a business model whose objective is to hold assets to collect contractual cash flows; and · its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: · it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and · its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. On initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. A financial asset (unless it is a trade receivable without a significant financing component that is initially measured at the transaction price) is initially measured at fair value plus, for an item not at FVTPL, transaction costs that are directly attributable to its acquisition. ii. Impairment of financial assets The financial assets at amortized cost consist of trade accounts receivable and cash and cash equivalents. Under IFRS 9, loss allowances are measured on either of the following bases: · 12-month ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date; and · lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analyses, based on the Company's historical experience and informed credit assessment and including forward-looking information. The Company assumes that the credit risk on a financial asset has increased significantly if it is more than 180 days past due. The Company considers a financial asset to be in default when: · the counterparty is unlikely to pay its contractual obligations to the Company in full, without recourse by the Company to actions such as realizing security (if any is held); or · the financial asset is more than 1 year past due. The maximum period considered when estimating ECLs is the maximum contractual period over which the Company is exposed to credit risk. ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between cash flows due to the entity in accordance with the contract and cash flows that the Company expects to receive). ECLs are discounted at the effective interest rate of the financial asset. Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets. iii. Derecognition of financial assets A financial asset (or, where applicable a part of a financial asset or part of a group of similar financial assets) is derecognized where: · the rights to receive cash flows from the asset have expired; · the Company retains the right to receive cash flows from the asset, but has assumed an obligation to pay them in full without material delay to a third party under a “pass-through” arrangement; or 2.       Basis of Preparation and Significant Accounting Policies (continued) · the Company has transferred its rights to receive cash flows from the asset and either (a) has transferred substantially all the risks and rewards of the assets, or (b) has neither transferred nor retained substantially all the risks and rewards of the asset but has transferred control of the asset. Where the Company has transferred its rights to receive cash flows from an asset and has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset, the asset is recognized to the extent of the Company’s continuing involvement in the asset. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Company could be required to repay. iv. Derecognition of Financial liabilities: A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability and, the difference in the respective carrying amounts is recognized in profit or loss. 2.21       Leases: Leases – where the Company is the lessee: At the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including any in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and any amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties for terminating the lease, if the lease term reflects the Company exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Company uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset. Leases – where an entity is the lessor: For time charters that qualify as leases, the Company is required to disclose lease and non-lease components of lease revenue. The revenue earned under time charters is not negotiated its two separate components, but as a whole. For purposes of determining the standalone selling price of the vessel lease and technical management service components of the Company’s time charters, the Company concluded that the residual approach would be the most appropriate method to use given that vessel lease rates are highly variable depending on shipping market conditions, the duration of such charters and the age of the vessel. 2.       Basis of Preparation and Significant Accounting Policies (continued) The Company believes that the standalone transaction price attributable to the technical management service component, including crewing services, is more readily determinable than the price of the lease component and, accordingly, the price of the service component is estimated using data provided by its technical department, which includes crew expenses, maintenance and consumable costs and was approximately $ 18,451 42,939 2.22        Share based compensation: 2.23       Share capital and Warrants: Common shares and preferred shares are classified as equity. Incremental costs directly attributable to the issue of new shares are recognized in equity as a deduction from the proceeds. The Company’s warrants meet the classification criteria as per IAS 32 and, accordingly, are classified in equity. 2.24        Dividends: 2.25      Fair value measurement: The Company uses the following hierarchy for determining and disclosing the fair value of assets and liabilities by valuation technique: Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities. Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly. Level 3: techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data. For assets and liabilities that are recognized in the consolidated financial statements on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by reassessing categorization at the end of each reporting period. The Company engaged independent valuation specialists to determine the fair value of non-financial assets. 2.26       Current versus non-current classification: An asset as current when it is: · Expected to be realized or intended to be sold or consumed in a normal operating cycle · Held primarily for the purpose of trading · Expected to be realized within twelve months after the reporting period · Cash or cash equivalent 2.       Basis of Preparation and Significant Accounting Policies (continued) All other assets are classified as non-current. A liability is current: · It is expected to be settled in a normal operating cycle · It is held primarily for the purpose of trading · It is due to be settled within twelve months after the reporting period · There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. 2.27        Restricted Cash: 2.28       Interest Rate Swap: The fair value of the Interest Rate Swaps is classified under “Fair value of derivative financial instruments” either under assets or liabilities in the consolidated statement of financial position. In the event that the respective asset or liability is expected to be materialized within the next twelve months, it is classified as current asset or liability. Otherwise, the respective asset or liability is classified as non-current asset or liability. The change in fair value deriving from the valuation of the Interest Rate Swap at the end of each reporting period is classified under “Gain/ (Loss) on derivative financial instruments” in the consolidated statement of comprehensive income/(loss). Realized gains or losses resulting from interest rate swaps are recognized in profit or loss under “Gain / (Loss) on derivative financial instruments” in the consolid

Cash and cash equivalents and R

Cash and cash equivalents and Restricted cash	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Cash and cash equivalents and Restricted cash	3.        Cash and cash equivalents and Restricted cash For the purpose of the consolidated statement of financial position, cash and cash equivalents comprise the following: Cash and cash equivalents and Restricted cash December 31, 2022 2021 Cash on hand 36 25 Cash at banks 52,797 45,188 Total 52,833 45,213 Cash held in banks earns interest at floating rates based on daily bank deposit rates. The fair value of cash and cash equivalents as at December 31, 2022 and 2021, was $ 52,833 45,213 As at December 31, 2022 and 2021, the Company had pledged an amount of $ 5,968 5,224 5,968 3,590 2,378 5,224 3,576 1,648

Transactions with Related Parti

Transactions with Related Parties	12 Months Ended
	Dec. 31, 2022
Disclosure of transactions between related parties [abstract]
Transactions with Related Parties	4. Transactions with Related Parties The following are the major transactions which the Company has entered into with related parties during the years ended December 31, 2022, 2021 and 2020: 4. Transactions with Related Parties (continued) In August 2006, Globus entered into a rental agreement for 350 square meters of office space for its operations within a building owned by Cyberonica S.A. (an affiliate of Globus’s chairman). In 2016 the Company renewed the rental agreement at a monthly rate of Euro 10,360 11.9 26,000 August 4, 2024 39 26,000 August 4, 2024 40 341 242 141 The depreciation charge for right-of-use asset for the years ended December 31, 2022, 2021 and 2020, was $ 327 , $ 206 and $ 112 , respectively, and was recognized in the income statement component of the consolidated statement of comprehensive income/(loss) under depreciation. The interest expense on lease liabilities for the years ended December 31, 2022, 2021 and 2020, was $ 54 , $ 52 and $ 44 , respectively, and recognized under interest expense and finance costs, respectively in the income statement component of the consolidated statement of comprehensive income/(loss). The total cash outflows for leases for the years ended December 31, 2022, 2021 and 2020, were approximately $ 341 , $ 314 and $ 229 , respectively, and were recognized in the consolidated statement of cash flows under the Payment of lease liability – principal and Interest Paid. As at December 28, 2015, Athanasios Feidakis assumed the position of Chief Executive Officer (“CEO”) and Chief Financial Officer. On August 18, 2016, the Company entered into a consultancy agreement with an affiliated company (Goldenmare Limited) of its CEO, Mr. Athanasios Feidakis, for the purpose of providing consulting services to the Company in connection with the Company’s international shipping and capital raising activities, including but not limited to assisting and advising the Company’s CEO at an annual fee of Euro 200,000 400,000 1,500 1,000 500 1,500 1,172 1,216 1,772 On June 12, 2020, the Company entered into a stock purchase agreement and issued 50 0.001 150 250 150 150 On March 2, 2021, the Company entered into a stock purchase agreement and issued 10,000 0.001 130 As at December 31, 2022, and 2021, Goldenmare Limited owned 10,300 Each Series B preferred share has 25,000 votes, provided that no holder of Series B preferred shares may exercise voting rights pursuant to Series B preferred shares that would result in the aggregate voting power of the beneficial owner of any such holder of Series B preferred shares, together with its affiliates, exceeding 49.99% of the total number of votes eligible to be cast on any matter submitted to a vote of shareholders. Except as otherwise provided by applicable law, holders of the Company’s Series B preferred shares and the Company’s common shares vote together as a single class on all matters submitted to a vote of shareholders, including the election of directors. Athanasios Feidakis has substantial control and influence over the Company’s management and affairs and over matters requiring shareholder approval, including the election of directors and significant corporate transactions, through his ability to direct the vote of such Series B preferred shares 4. Transactions with Related Parties (continued) As at December 31, 2022 and 2021, Mr. George Feidakis beneficially owned 3.7 In November 2018, Globus entered into a credit facility for up to $ 15,000 of financing its general working capital needs The Firment Shipping Credit Facility was unsecured and remained available until its final maturity date October 31, 2021 100 7% per annum 2 The conversion price should equal the higher of (i) the average of the daily dollar volume-weighted average sale price for the common stock on the principal market on any trading day during the period beginning at 9.30 a.m. New York City time and ending at 4.00 p.m. (“VWAP”) over the pricing period multiplied by 80%, where the “Pricing Period” equals the ten consecutive trading days immediately preceding the date on which the conversion notice was executed or, (ii) Two Hundred Eighty US Dollars ($280.00) (absolute amount) For the year ended December 31, 2020, the Company recognized Firment Shipping Credit Facility as hybrid financial instrument, which included an embedded derivative related to the conversion option (see Note 11) and recognized a loss on this derivative financial instrument amounting to $ 189 On May 8, 2020 the Company entered into an Amended and Restated Agreement with Firment Shipping Inc. and converted the existing Revolving Credit Facility to a Term Credit Facility, increased the available undrawn amount to $ 14.2 million (absolute amount) and extended the maturity date to October 31, 2021 . On July 27, 2020, the Company repaid the total outstanding principal and interest of the Firment Shipping Credit Facility amounting to $ 863 220 October 31, 2021 For the year ended December 31, 2020, Globus recognized interest expense of $ 26 On July 15, 2021 Globus entered into a consultancy agreement with Eolos Shipmanagement S.A. for the purpose of providing consultancy services to Eolos Shipmanagement S.A. For these services the Company receives a daily fee of $ 1,000 (absolute amount). The chairman of the board of Globus is the majority shareholder of Eolos Shipmanagement. On February 14, 2022 the Company changed the compensation of the non-executive directors. In the aggregate, the annual service fee for each of the directors (based on their current roles and committee seats) has been set at $ 80 Compensation of Key Management Personnel of the Company: Compensation to Globus non-executive directors is analyzed as follows: Transactions with Related Parties - Compensation to the Company's Non-Executive Directors For the year ended December 31, 2022 2021 2020 Directors’ remuneration 240 145 143 Share-based payments (Note 12) — 40 40 Total 240 185 183 As at December 31, 2022, and 2021, $ 60 105 4. Transactions with Related Parties (continued) Compensation to the Company’s executive director is analyzed as follows: Transactions with Related Parties - Compensation to the Company's Executive Director For the year ended December 31, 2022 2021 2020 Short-term employee benefits 1,172 1,216 1,772 Total 1,172 1,216 1,772 As at December 31, 2022, and 2021, $ 2,088 985

Vessels, net

Vessels, net	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Vessels, net	5.    Vessels, net The amounts in the consolidated statement of financial position are analyzed as follows: Vessels, net - Consolidated Statement of Financial Position Vessels cost Vessels accumulated depreciation Dry docking costs Accumulated depreciation of dry-docking costs Net Book Value Balance at January 1, 2020 149,579 (101,858) 7,600 (7,079) 48,242 Additions/ Dry Docking Component 18,028 — 4,283 — 22,311 Impairment loss (4,615) — — — (4,615) Depreciation expense — (2,253) — (1,335) (3,588) Balance at December 31, 2020 162,992 (104,111) 11,883 (8,414) 62,350 Additions/ Dry Docking Component 70,746 — 4,044 — 74,790 Depreciation expense — (3,665) — (2,751) (6,416) Balance at December 31, 2021 233,738 (107,776) 15,927 (11,165) 130,724 Additions/ Dry Docking Component 1,178 — 7,438 — 8,616 Depreciation expense — (5,233) — (4,646) (9,879) Balance at December 31, 2022 234,916 (113,009) 23,365 (15,811) 129,461 On October 29, 2020, the Company took delivery of the m/v “Galaxy Globe”, a 2015 Kamsarmax 18.4 81,167 500 On February 18, 2021, the Company entered into a memorandum of agreement with an unrelated third party, for the acquisition of the m/v “Nord Venus”, a 2011 Kamsarmax 16.2 80,655 July 20, 2021 On March 19, 2021, the Company entered into a memorandum of agreement with an unrelated third party, for the acquisition of the m/v “Yangze 11”, a 2018 Kamsarmax 27.0 26.4 0.6 82,027 June 9, 2021 On September 22, 2021, the Company entered into a memorandum of agreement with an unrelated third party, for the acquisition of the m/v “Peak Liberty”, a 2015 Kamsarmax 28.4 27.9 0.5 81,837 November 29, 2021 5.    Vessels, net (continued) For the purpose of the consolidated statement of comprehensive income/(loss), depreciation, as stated in the income statement component, comprises the following: Vessels, net - Consolidated Statement of Comprehensive Income/ (loss) For the year ended December 31, 2022 2021 2020 Vessels depreciation 5,233 3,665 2,253 Depreciation on office furniture and equipment 40 39 33 Depreciation of right of use asset (Note 18) 327 206 112 Total 5,600 3,910 2,398 As at December 31, 2022 the Company’s vessels, except the m/v Power and Diamond Globe, have been pledged as collateral to secure the bank loans discussed in note 11. During the year ended December 31, 2022 the Company installed ballast water treatment system (“BWTS”)on five of its vessels amounting to an addition of approximately $ 1.1 Impairment of non-financial assets: 4.06 the Company used the historical ten-year blended average one-year time charter rates 1 50,000 70,000 87 90 As at March 31, 2020, the Company concluded that the recoverable amounts of the vessels were lower than their carrying amounts and recognized an impairment loss of $ 4,615 The impairment loss for the year ended December 31, 2020, analyzed by vessel is as follows: Vessels, net - Impairment loss Vessel For the year ended December 31, 2020 m/v River Globe (332) m/v Sky Globe (1,231) m/v Star Globe (460) m/v Sun Globe (2,013) m/v Moon Globe (579) Impairment loss (4,615) 5.    Vessels, net (continued) As at December 31, 2022 and 2021, the Company performed an assessment on whether there were indicators that a vessel(s) may be impaired and no impairment indicators were identified for the Company’s vessels. 0

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Classes of current inventories [abstract]
Inventories	6. Inventories Inventories in the consolidated statement of financial position are analyzed as follows: Inventories December 31, 2022 2021 Lubricants 1,062 765 Gas cylinders 133 87 Bunkers 1,833 — Total 3,028 852

Trade accounts payable

Trade accounts payable	12 Months Ended
	Dec. 31, 2022
Trade and other payables [abstract]
Trade accounts payable	7. Trade accounts payable Trade accounts payable in the consolidated statement of financial position as at December 31, 2022 and 2021, amounted to $ 3,548 1,100

Accrued liabilities and other p

Accrued liabilities and other payables	12 Months Ended
	Dec. 31, 2022
Miscellaneous current liabilities [abstract]
Accrued liabilities and other payables	8. Accrued liabilities and other payables Accrued liabilities and other payables in the consolidated statement of financial position are analyzed as follows: Accrued liabilities and other payables December 31, 2022 2021 Accrued Interest Swap Loss — 30 Accrued audit fees 77 82 Other accruals 5,552 3,262 Insurance deductibles 104 64 Other payables 81 59 Total 5,814 3,497 Other payables are non-interest bearing.

Share Capital and Share Premium

Share Capital and Share Premium	12 Months Ended
	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
Share Capital and Share Premium	9.   Share Capital and Share Premium The authorized share capital of Globus consisted of the following: Share Capital and Share Premium - Authorized share capital December 31, 2022 2021 2020 Authorized share capital: 500,000,000 0.004 2,000 2,000 2,000 100,000,000 0.001 100 100 100 100,000,000 0.001 100 100 100 Total authorized share capital 2,200 2,200 2,200 Holders of the Company’s common shares and Class B common shares have equivalent economic rights, but holders of Company’s common shares are entitled to one vote per share and holders of the Company’s Class B common shares are entitled to twenty votes per share. Share Capital and Share Premium - Common Shares issued and fully paid Common Shares issued and fully paid Number of shares USD As at January 1, 2020 52,235 — Issued during the year for share-based compensation (note 12) 2,812 — Issuance of common stock due to conversion of loan 11,678 — Issuance of new common stocks 2,942,848 12 Issuance of common stock due to exercise of pre-funded warrants 25,000 — Issuance of common stock due to exercise of warrants 5,550 — As at December 31, 2020 3,040,123 12 Issued during the year for share-based compensation (note 12) 12,178 — Issuance of new common stocks 14,905,000 60 Issuance of common stock due to exercise of pre-funded warrants 2,625,000 10 As at December 31, 2021 20,582,301 82 Issued during the year for share-based compensation — — As at December 31, 2022 20,582,301 82 During the years ended December 31, 2021 and 2020, Globus issued 12,178 2,812 0.004 As at December 31, 2022, 2021 and 2020, no 0.001 0 On June 12, 2020, the Company entered into a stock purchase agreement and issued 50 0.001 150 250 150 9.    Share Capital and Share Premium (continued) On March 2, 2021, the Company entered into a stock purchase agreement and issued 10,000 0.001 130 During the year ended December 31, 2020, and further to the conversion clause included into the Convertible Note an amount of approximately $ 1,168 100 11,678 0.004 On June 22, 2020, the Company issued 342,857 0.004 35 51,429 0.004 51,429 51,393 0.004 51,393 35 five 12,695 The Class A Warrants are exercisable for a period of five years commencing on the date of issuance. If a registration statement registering the issuance of the common shares underlying the warrants under the Securities Act is not effective or available, the holder may, in its sole discretion, elect to exercise the warrant through a cashless exercise, in which case the holder would receive upon such exercise the net number of common shares determined according to the formula set forth in the warrant. We may be required to pay certain amounts as liquidated damages as specified in the warrants in the event we do not deliver common shares upon exercise of the warrants within the time periods specified in the warrants. As at December 31, 2022 and 2021, the Company had issued 5,550 0.004 194 388,700 388,700 0.004 On June 30, 2020, the Company issued 458,500 0.004 458,500 27 30 18 11,513 On July 21, 2020, the Company issued 833,333 0.004 833,333 18 18 13,950 The PP Warrants are exercisable for a period of five and one-half years commencing on the date of issuance. The warrants are exercisable, at the option of each holder, in whole or in part by delivering to the Company a duly executed exercise notice with payment in full in immediately available funds for the number of common shares purchased upon such exercise. If a registration statement registering the resale of the common shares underlying the private placement warrants under the Securities Act is not effective or available at any time after the six month anniversary of the date of issuance of the private placement warrants, the holder may, in its sole discretion, elect to exercise the private placement warrant through a cashless exercise, in which case the holder would receive upon such exercise the net number of common shares determined according to the formula set forth in the warrant. If the Company does not issue the shares in a timely fashion, the warrant contains certain liquidated damages provisions. As at December 31, 2022 and 2021, no PP Warrants had been exercised and the Company had 1,291,833 1,291,833 On December 10, 2020, the Company entered into a securities purchase agreement with certain unaffiliated institutional investors to issue in a registered direct offering to issue (a) 1,256,765 0.004 155,000 0.004 1,270,587 8.50 1,256,765 0.004 11,159 The December 2020 Pre-Funded Warrants are exercisable at any time after their original issuance until exercised in full. The Pre-Funded Warrants are exercisable, at the option of each holder, in whole or in part by delivering to the Company a duly executed exercise notice with payment in full in immediately available funds for the number of common shares purchased upon such exercise. The exercise price for the December 2020 Pre-Funded Warrants is $0.01 per share. The December 2020 Pre-Funded Warrants are exercisable at any time after their original issuance until exercised in full. 9. Share Capital and Share Premium (continued) As at December 31, 2020, 25,000 0.25 and the Company had 130,000 December 2020 Pre-Funded Warrants outstanding to purchase an aggregate of 130,000 common shares. On January 13, 2021, the remaining 130,000 December 2020 Pre-Funded Warrants were exercised, resulting to net proceeds of approximately $ 1 and the issuance of 130,000 common shares. The December 2020 Warrants are exercisable for a period of five and one-half years commencing on the date of issuance. The warrants are exercisable, at the option of each holder, in whole or in part by delivering to the Company a duly executed exercise notice with payment in full in immediately available funds for the number of common shares purchased upon such exercise. If a registration statement registering the issuance of the common shares underlying the warrants under the Securities Act is not effective, the holder may, in its sole discretion, elect to exercise the warrant through a cashless exercise, in which case the holder would receive upon such exercise the net number of common shares determined according to the formula set forth in the warrant. If the Company does not issue the shares in a timely fashion, the warrant contains certain liquidated damages provisions. As at December 31, 2022 and 2021, no December 2020 Warrants had been exercised and the Company had December 2020 Warrants outstanding to purchase an aggregate of 1,270,587 Total transaction costs for the issuance of common shares in relation to the offerings in 2020 amounted to $ 1,079 On January 29, 2021, the Company entered into a securities purchase agreement with certain unaffiliated institutional investors to issue (a) 2,155,000 0.004 445,000 0.004 1,950,000 0.004 6.25 15,108 120 5 The January 2021 Warrants are exercisable for a period of five and one-half years commencing on the date of issuance. The warrants are exercisable, at the option of each holder, in whole or in part by delivering to the Company a duly executed exercise notice with payment in full in immediately available funds for the number of common shares purchased upon such exercise. If a registration statement registering the issuance of the common shares underlying the warrants under the Securities Act is not effective, the holder may, in its sole discretion, elect to exercise the warrant through a cashless exercise, in which case the holder would receive upon such exercise the net number of common shares determined according to the formula set forth in the warrant. If the Company does not issue the shares in a timely fashion, the warrant contains certain liquidated damages provisions. As at December 31, 2022 and 2021, no January 2021 Warrants had been exercised and the Company had January 2021 Warrants outstanding to purchase an aggregate of 1,950,000 On February 17, 2021, the Company entered into a securities purchase agreement with certain unaffiliated institutional investors to issue (a) 3,850,000 0.004 950,000 0.004 4,800,000 0.004 6.25 27,891 152 10 The February 2021 Warrants are exercisable for a period of five and one-half years commencing on the date of issuance. The warrants are exercisable, at the option of each holder, in whole or in part by delivering to the Company a duly executed exercise notice with payment in full in immediately available funds for the number of common shares purchased upon such exercise. If a registration statement registering the issuance of the common shares underlying the warrants under the Securities Act is not effective, the holder may, in its sole discretion, elect to exercise the warrant through a cashless exercise, in which case the holder would receive upon such exercise the net number of common shares determined according to the formula set forth in the warrant. If the Company does not issue the shares in a timely fashion, the warrant contains certain liquidated damages provisions. As at December 31, 2022 and 2021, no February 2021 Warrants had been exercised and the Company had February 2021 Warrants outstanding to purchase an aggregate of 4,800,000 On June 29, 2021, the Company entered into a securities purchase agreement with certain unaffiliated institutional investors to issue (a) 8,900,000 0.004 1,100,000 0.004 10,000,000 0.004 5.00 46,581 129 11 9. Share Capital and Share Premium (continued) The June 2021 Warrants are exercisable for a period of five and one-half years commencing on the date of issuance. The warrants are exercisable, at the option of each holder, in whole or in part by delivering to the Company a duly executed exercise notice with payment in full in immediately available funds for the number of common shares purchased upon such exercise. If a registration statement registering the issuance of the common shares underlying the warrants under the Securities Act is not effective, the holder may, in its sole discretion, elect to exercise the warrant through a cashless exercise, in which case the holder would receive upon such exercise the net number of common shares determined according to the formula set forth in the warrant. If the Company does not issue the shares in a timely fashion, the warrant contains certain liquidated damages provisions. As at December 31, 2022 and 2021, no June 2021 Warrants had been exercised and the Company had June 2021 Warrants outstanding to purchase an aggregate of 10,000,000 Total transaction costs for the issuance of common shares in relation to the offerings in 2021 amounted to $ 401 The Company’s warrants were classified as equity in accordance with the provisions of IAS 32 meet the classification criteria as per IAS 32 and, accordingly, are classified in equity. Share premium includes the contribution of Globus’ shareholders to the acquisition of the Company’s vessels. Additionally, share premium includes the effects of the Globus initial and follow-on public offerings, the effects of the settlement of the related party loans (note 4) with the issuance of the Company’s common shares and the effects of the share-based payments described in note 12. Accordingly, at December 31, 2022 and 2021, Globus share premium amounted to $ 284,406 195,102

Earnings_(Loss) per Share

Earnings/(Loss) per Share	12 Months Ended
	Dec. 31, 2022
Earnings per share [abstract]
Earnings/(Loss) per Share	10. Earnings/(Loss) per Share Basic earnings / (loss) per share (“EPS” / “LPS”) is calculated by dividing the net income /(loss) for the year attributable to Globus shareholders by the weighted average number of shares issued, paid and outstanding. Diluted earnings / (loss) per share is calculated by dividing the net income / (loss) attributable to common equity holders of the parent by the weighted average shares outstanding during the year plus the weighted average number of common shares that would be issued on the conversion of all the dilutive potential common shares into common shares. The incremental shares (the difference between the number of shares assumed issued and the number of shares assumed purchased) are included in the denominator of the diluted earnings/(losses) per share computation unless such inclusion would be anti-dilutive. As for the years ended December 31, 2022 and 2021, the securities that could potentially dilute basic EPS in the future are any incremental shares of unexercised warrants (Note 9). As the warrants were out-of-the money during the periods ended December 31, 2022 and 2021, these were not included in the computation of diluted EPS, because to do so would have anti-dilutive effect. As the Company reported losses for the year ended December 31, 2020, the effect of any incremental shares would be antidilutive and thus excluded from the computation of the LPS. The following reflects the net income/(loss) per common share: Earnings/(Loss) per Share For the year ended December 31, 2022 2021 2020 Income/(Loss) attributable to common equity holders 24,280 14,950 (17,372) Weighted average number of shares – basic and diluted 20,582,301 14,809,536 959,157 Net income/(loss) per common share – basic and diluted 1.18 1.01 (18.11)

Long-Term Debt, net

Long-Term Debt, net	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about borrowings [abstract]
Long-Term Debt, net	11. Long-Term Debt, net Long-term debt in the consolidated statement of financial position is analysed as follows: Long-Term Debt, net - Consolidated statement of financial position Borrower Principal Deferred finance costs Accrued Interest Amortized cost Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., Artful Shipholding S.A., Longevity Maritime Limited, Serena Maritime Limited and Salaminia Maritime Limited. 44,375 (541) 491 44,325 Total at December 31, 2022 44,375 (541) 491 44,325 Less: Current Portion (6,500) 188 (491) (6,803) Long-Term Portion 37,875 (353) — 37,522 Total at December 31, 2021 31,750 (447) 179 31,482 Less: Current Portion (5,000) 135 (179) (5,044) Long-Term Portion 26,750 (312) — 26,438 In June 2019, Globus through its wholly owned subsidiaries, Devocean Maritime Ltd.(the “Borrower A”), Domina Maritime Ltd. (the “Borrower B”), Dulac Maritime S.A. (the “Borrower C”), Artful Shipholding S.A. (the “Borrower D”) and Longevity Maritime Limited (the “Borrower E”), vessel owning companies of m/v River Globe, m/v Sky Globe, m/v Star Globe, m/v Moon Globe and m/v Sun Globe, respectively, entered a new term loan facility for up to $ 37,000 for the purpose of refinancing the existing indebtedness secured on the ships and for general corporate purposes. LIBOR plus a margin 8.50 10.5 In March 2021, the Company prepaid $ 6.0 In November 2018, Globus Maritime Limited entered into a credit facility for up to $ 15,000 of financing its general working capital needs October 31, 2021 100 3.5 7 Globus also had the right, in its sole option, to convert in whole or in part the outstanding unpaid principal amount and accrued but unpaid interest under the Firment Shipping Credit Facility into common stock. The conversion price would equal the higher of (i) the average of the daily dollar volume-weighted average sale price for the common stock on the principal market on any trading day during the period beginning at 9.30 a.m. New York City time and ending at 4.00 p.m. (“VWAP”) over the pricing period multiplied by 80 As per the conversion clause included in the Firment Shipping Credit Facility, the Company had recognized this agreement as a hybrid financial instrument which included an embedded derivative. This embedded derivative component was separated from the non-derivative host. The derivative component was shown separately from the non-derivative host in the consolidated statement of financial position at fair value. The changes in the fair value of the derivative financial instrument were recognized in the income statement component of the consolidated statement of comprehensive income/(loss). For the year ended December 31, 2020, the amount drawn and outstanding with respect to Firment Shipping Credit Facility was nil. On July 27, 2020, the Company repaid the total outstanding principal and interest of the Firment Shipping Credit Facility amounting to $ 863 220 On May 8, 2020 the Amended and Restated Agreement converted the existing Revolving Credit Facility to a Term Credit Facility and extended the maturity date to October 31, 2021. The facility with Firment Shipping Inc. expired on October 31, 2021. The Firment Shipping Credit Facility required that Athanasios Feidakis remained Chief Executive Officer and that Firment Shipping maintained at least a 40 11. Long-Term Debt, net (continued) In May 2021, Globus through its wholly owned subsidiaries, Devocean Maritime Ltd.(the “Borrower A”), Domina Maritime Ltd. (the “Borrower B”), Dulac Maritime S.A. (the “Borrower C”), Artful Shipholding S.A. (the “Borrower D”), Longevity Maritime Limited (the “Borrower E”) and Serena Maritime Limited (the “Borrower F”), vessel owning companies of m/v River Globe, m/v Sky Globe, m/v Star Globe, m/v Moon Globe, m/v Sun Globe and m/v Galaxy Globe, respectively, entered a new term loan facility for up to $34,250 with First Citizens Bank & Trust Company (“CIT Loan Facility”) (formerly known as CIT Bank N.A.) for the purpose of refinancing the existing indebtedness secured on the ships. The loan facility is in the names of Devocean Maritime Ltd., Domina Maritime Ltd, Dulac Maritime S.A., Artful Shipholding S.A., Longevity Maritime Limited and Serena Maritime Limited as the borrowers and is guaranteed by Globus. This loan facility is referred to as the “CIT loan facility”. The loan facility bore interest at LIBOR plus a margin of 3.75% for interest periods of three months. The loan agreement was for the lesser of $ 34,250 52.5 34,250 used a significant portion of the proceeds to fully repay the amounts outstanding under the loan agreement with EnTrust. 1.25 On May 10, 2021 , the Company drew down $34,250, paid $ 545 six tranches, which shall be repaid in 20 consecutive quarterly instalments with each instalment in an aggregate amount of $ 1.25 million (absolute amount) as well as a balloon payment in an aggregate amount of $ 9.25 million (absolute amount) due together with the 20th and final instalment due in May 2026 . The CIT Loan Facility bore interest at LIBOR plus 3.75 % (or 5.75 % default interest). Following the agreement reached in August 2022 the benchmark rate of the CIT Loan Facility was amended from LIBOR to SOFR and the applicable margin was decreased from 3.75% to 3.35%. This amendment to the loan agreement falls within the scope of Interest Rate Benchmark Reform – Phase 2, Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 (“Amendments”), which have been published by IASB in August 2020 and adopted by the Company as of January 1, 2021. In particular, the Company applied the practical expedient available under the Amendments and adjusted the effective interest rate when accounting for changes in the basis for determining the contractual cash flows under CIT loan facility. No adjustment to the carrying amount of the loan was necessary. The Company has also amended its interest rate swap agreement with First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) and replaced the respective benchmark rate from LIBOR to SOFR in order to depict the change of base rate of the CIT Loan Facility. As a result of this amendment, and the revaluation of the interest rate swap, the Company recognized a realized gain of $ 163 In August 2022, the Company also reached an agreement with First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) for a deed of accession, amendment and restatement of the CIT loan facility by the accession of an additional borrower in order to increase the loan facility from a total of $34.25 million (absolute amount) to $ 52.25 million (absolute amount), by a top up loan amount of $18 million (absolute amount) for the purpose of financing vessel Orion Globe and for general corporate and working capital purposes of all the borrowers and Globus SOFR plus a margin 3.35 18 259 The CIT Loan Facility may be prepaid. If the prepayment of any tranche other than the tranche financing Orion Globe occurs on or before May 10, 2023 but after May 10, 2022, the prepayment fee is 1 2 1 The CIT Loan Facility is secured by: • First preferred mortgage over m/v River Globe, m/v Sky Globe, m/v Star Globe, m/v Moon Globe, m/v Sun Globe, m/v Galaxy Globe and m/v Orion Globe. • Guarantee from Globus Maritime Limited and joint liability of the seven vessel owning companies (each of which is a borrower under the CIT Loan Facility). • Shares pledges respecting each borrower. 11. Long-Term Debt, net (continued) • Pledges of bank accounts, a pledge of each borrower’s rights under any interest rate hedging agreement in respect of the CIT Loan Facility, a general assignment over each ship's earnings, insurances and any requisition compensation in relation to that ship, and an assignment of the rights of Globus with respect to any indebtedness owed to it by the borrowers. The Company is not permitted, without the written consent of CIT, to enter into a charter the duration of which exceeds or is capable of exceeding, by virtue of any optional extensions, 12 months. The CIT Loan Facility contains various covenants requiring the vessels owning companies and/or Globus Maritime Limited to, among other things, ensure that: · · · · · · Each borrower must create a reserve fund in the reserve account to meet the anticipated dry docking and special survey fees and expenses for the relevant ship owned by it and (for certain ships) the installation of ballast water treatment system on the ship owned by it by maintaining in the reserve account a minimum credit balance that may not be withdrawn (other than for the purpose of covering the documented and incurred costs and expenses for the next special survey of that ship). Amounts must be paid into this reserve account quarterly, such that $1,200 is set aside by each borrower for its ship’s special survey, except for Serena Maritime Limited and Salaminia Maritime Limited, each of which are required to set aside quarterly payments that aggregate to $900. Globus Maritime Limited is prohibited from making dividends (other than up to $500 annually on or in respect of its preferred share) in cash or redeem or repurchase its shares unless there is no event of default under the CIT Loan Facility, the net loan (including any exposure under a related hedging agreement) to value ratio is less than 60% before the making of the dividend and Globus Maritime Limited is in compliance with the debt service coverage ratio, and Globus Maritime Limited must prepay the CIT Loan Facility in an equal amount of the dividend. The CIT Loan Facility also prohibits certain changes of control, including, among other things, the delisting of Globus from the Nasdaq or another internationally recognized stock exchange, or the acquisition by any person or group of persons (acting in concert) of a majority of the shareholder voting rights or the ability to appoint a majority of board members or to give directions with respect to the operating and financial policies of Globus Maritime Limited with which the directors are obliged to comply, other than those persons disclosed to CIT Bank on or around the date of the CIT Loan Facility and their affiliates and immediate family members. The Company was in compliance with the covenants of the CIT Loan Facility as at December 31, 2022 and 2021. The contractual annual loan principal payments to be made subsequent to December 31, 2022, were as follows: Long-Term Debt, net - Annual loan principal payments December 31, First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) 2023 6,500 2024 6,500 2025 6,500 2026 24,875 Total 44,375 The contractual annual loan principal payments to be made subsequent to December 31, 2021, were as follows: December 31, First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) 2022 5,000 2023 5,000 2024 5,000 2025 5,000 2026 and thereafter 11,750 Total 31,750 The weighted average interest rate for the years ended December 31, 2022 and 2021, was 5.58 5.69

Share Based Payment

Share Based Payment	12 Months Ended
	Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Share Based Payment	12. Share Based Payment Share-based payments are quarterly restrictive shares issued to the Company’s Non-executive directors for their services and in accordance with appointment letters. Share based payment comprise the following: Share Based Payment Year 2021 Number of common shares Number of preferred shares Share premium Retained earnings Non-executive directors’ payment 12,178 — 40 — Balance at December 31, 2021 12,178 — 40 — Year 2020 Number of common shares Number of preferred shares Share premium Retained earnings Non-executive directors’ payment 2,812 — 40 — Balance at December 31, 2020 2,812 — 40 — For the year ended December 31, 2022 there were no share based payments, as in 2022 the Company changed the compensation of the non-executive directors (see Note 4).

Voyage Expenses and Vessel Oper

Voyage Expenses and Vessel Operating Expenses	12 Months Ended
	Dec. 31, 2022
Expenses by nature [abstract]
Voyage Expenses and Vessel Operating Expenses	13. Voyage Expenses and Vessel Operating Expenses Voyage expenses and vessel operating expenses in the consolidated statements of comprehensive income/(loss) consisted of the following: Voyage Expenses and Vessel Operating Expenses - Voyage expenses Voyage expenses consisted of: For the year ended December 31, 2022 2021 2020 Commissions 924 626 160 Bunkers expenses 3,876 — 2,117 Other voyage expenses 573 502 213 Total 5,373 1,128 2,490 Vessel operating expenses consisted of: Voyage Expenses and Vessel Operating Expenses - Vessel operating expenses For the year ended December 31, 2022 2021 2020 Crew wages and related costs 8,952 7,570 4,865 Insurance 1,349 1,067 661 Spares, repairs and maintenance 3,935 2,414 1,574 Lubricants 924 555 434 Stores 2,340 1,712 787 Other 512 490 260 Total 18,012 13,808 8,581

Administrative Expenses

Administrative Expenses	12 Months Ended
	Dec. 31, 2022
Selling, general and administrative expense [abstract]
Administrative Expenses	14. Administrative Expenses The amount shown in the consolidated statements of comprehensive income/(loss) is analyzed as follows: Administrative Expenses For the year ended December 31, 2022 2021 2020 Personnel expenses 1,454 1,455 1,013 Audit fees 204 215 143 Consulting fees 271 329 243 Communication 16 16 12 Stationery 3 6 3 Greek tax authorities (note 19) 292 185 130 Other 636 404 347 Total 2,876 2,610 1,891

Interest Expense and Finance Co

Interest Expense and Finance Costs	12 Months Ended
	Dec. 31, 2022
Interest costs [abstract]
Interest Expense and Finance Costs	15. Interest Expense and Finance Costs The amounts in the consolidated statements of comprehensive income/(loss) are analyzed as follows: Interest Expense and Finance Costs For the year ended December 31, 2022 2021 2020 Interest payable on long-term borrowings 2,047 1,958 3,721 Bank charges 60 59 69 Amortization of debt discount 165 547 293 Operating lease liability interest 54 52 44 Other finance expenses 34 646 28 Gain from termination of lease liability (40) — — Total 2,320 3,262 4,155 Other finance expenses for 2021 include approximately $ 0.6 million (absolute amount) that were the loan prepayment fee and expenses relating to the prepayment of EnTrust loan facility. Interest on long-term debt is normally settled quarterly throughout the year

Dividends

Dividends	12 Months Ended
	Dec. 31, 2022
Miscellaneous liabilities [abstract]
Dividends	16. Dividends No

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2022
Disclosure of contingent liabilities [abstract]
Contingencies	17. Contingencies Various claims, suits and complaints, including those involving government regulations, arise in the ordinary course of the shipping business. In addition, losses may arise from disputes with charterers, environmental claims, agents, and insurers and from claims with suppliers relating to the operations of the Company’s vessels. Currently, management is not aware of any such claims or contingent liabilities, which are material for disclosure.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2022
Commitments
Commitments	18. Commitments Voyage revenue The Company enters into time charter arrangements on its vessels. As at December 31, 2022, the non-cancellable arrangements had remaining terms between nil days to eight months, assuming redelivery at the earliest possible date. As at December 31, 2021, the non-cancellable arrangements had remaining terms between nil days to two and a half months, assuming redelivery at the earliest possible date. Future net minimum lease revenues receivable under non-cancellable operating leases as at December 31, 2022 and 2021, were as follows (vessel off-hires and dry-docking days that could occur but are not currently known are not taken into consideration and early delivery of the vessels by the charterers is not accounted for): Commitments - Future minimum lease revenues receivable under non-cancellable operating leases 2022 2021 Within one year 6,675 6,082 Total 6,675 6,082 These amounts include consideration for other elements of the arrangement apart from the right to use the vessel such as maintenance and crewing and its related costs. Office lease contract As further discussed in Note 4 the Company has recognized a right of use asset and a corresponding liability with respect to the rental agreement of office space for its operations within a building leased by FG Europe (an affiliate of Globus’s chairman). The depreciation charge for right-of-use assets for the years ended December 31, 2022, 2021 and 2020, was $ 327 206 112 54 52 44 At December 31, 2022 and 2021, the current lease liability amounted to $ 321 349 188 556 493 and 888 341 314 229 Commitments under shipbuilding contracts On April 29, 2022, the Company entered into a contract, through its subsidiary, Calypso Shipholding S.A., for the construction and purchase of one fuel efficient bulk carrier 64,000 during the first half of 2024 37.5 7.4 On May 13, 2022, the Company has signed two contracts, through its subsidiaries, Daxos Maritime Limited and Paralus Shipholding S.A., for the construction and purchase of two fuel efficient bulk carrier 64,000 during the third quarter of 2024 during the fourth quarter of 2024 70.3 13.8 6.9 The contractual annual payments per subsidiary to be made subsequent to December 31, 2022, were as follows: Commitments - Future minimum contractual obligations December 31, Calypso Shipholding S.A. Daxos Maritime Limited Paralus Shipholding S.A. 2023 11,100 — — 2024 18,500 24,785 24,785 Total 29,600 24,785 24,785

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2022
Major components of tax expense (income) [abstract]
Income Tax	19. Income Tax Under the laws of the countries of the vessel owning companies’ incorporation and / or vessels’ registration, vessel owning companies are not subject to tax on international shipping income; however, they are subject to registration and tonnage taxes,which are included in vessel operating expenses in the accompanying consolidated statements of income/(loss). Greek Authorities Tax In January 2013, the tax Law 4110/2013 amended the provisions of art. 26 of Law 27/1975 by imposing a fixed annual tonnage tax on vessels flying a foreign (i.e., non-Greek) flag which are managed by a Law 89/67 company, establishing an identical tonnage tax regime as the one already in force for vessels flying the Greek flag. This tax varies depending on the size of the vessel, calculated in gross registered tonnage, as well as on the age of each vessel. Payment of this tonnage tax satisfies all income tax obligations of both the ship-owning company and of all its shareholders up to the ultimate beneficial owners. Any tax payable to the state of the flag of each vessel as a result of its registration with a foreign flag registry (including the Marshall Islands) is subtracted from the amount of tonnage tax due to the Greek tax authorities. As at December 31, 2022, 2021 and 2020, the tax expense under the law amounted to $ 292 185 130 U.S. Federal Income Tax Globus is a foreign corporation with wholly owned subsidiaries that are foreign corporations, which derive income from the international operation of a ship or ships that may earn United States (“U.S”) source shipping income for U.S. federal income tax purposes. Globus believes that under § 883 of the Internal Revenue Code, its income and the income of its ship-owning subsidiaries, to the extent derived from the international operation of a ship or ships, were exempt from U.S. federal income tax in 2022. The following is a summary, discussing the application of the U.S. federal income tax laws to the Company relating to income derived from the international operation of a ship or ships. The discussion and its conclusion are based upon existing U.S. federal income tax law, including the Internal Revenue Code (the “Code”) and final U.S. Treasury Regulations (the “Regs”) as currently in effect, all of which are subject to change, possibly with retroactive effect. In general, under § 883, certain non-U.S. corporations are not subject to U.S. federal income tax on their U.S. source income derived from the international operation of a ship or ships (“gross transportation income”). Absent § 883 or a tax treaty exemption, such income generally would be subject to a 4% gross basis tax, or in certain cases, to a net income tax plus a 30% branch profits tax. For this purpose, U.S. source gross transportation income includes 50% of the shipping income that is attributable to transportation that begins or ends (but that does not both begin and end) in the United States. Shipping income attributable to transportation exclusively between non-U.S. ports is generally not subject to any U.S. federal income tax. “Shipping income” generally means income that is derived from: (a) the use of vessels; (b) the hiring or leasing of vessels for use on a time, operating or bareboat charter basis; (c) the participation in a pool, partnership, strategic alliance, joint operating agreement or other joint venture it directly or indirectly owns or participates in that generates such income; or (d) the performance of services directly related to those uses. The Regs provide that a foreign corporation will qualify for the benefits of § 883 if, in relevant part, the foreign country in which the foreign corporation is organized grants an equivalent exemption to corporations organized in the U.S. and the foreign corporation meets either the qualified shareholder test or the publicly traded test described below. Qualified Shareholder Test A foreign corporation having more than 50 percent of the value of its outstanding shares owned, directly or indirectly by application of specific attribution rules, for at least half of the number of days in the foreign corporation's taxable year by one or more qualified shareholders will meet the qualified shareholder test. In part, an individual who is a shareholder will be considered a qualified shareholder if he or she is a resident of a qualified foreign country (which means for this purpose that he or she is fully liable to tax in such country, and maintains a tax home in such country for 183 days or more in the taxable year, or certain other rules apply) and does not own his or her interest in the foreign corporation through bearer shares (except for bearer shares held in a dematerialized or immobilized book entry system), either directly or indirectly by application of the attribution rules. In addition, in order to meet the qualified shareholder test, a foreign corporation will need to obtain certifications from its qualified shareholders (including from intermediary entities) substantiating their stock ownership. 19. Income Tax (continued) Publicly Traded Test The Publicly Traded Test requires that one or more classes of equity representing more than 50% of the voting power and value in a non-United States corporation be “primarily and regularly traded” on an established securities market either in the United States or in a foreign country that grants an equivalent exemption. Among others, § 883 provides, in relevant part, that the shares of a non-United States corporation will be considered to be “primarily traded” on an established securities market in a country if the number of shares of each class of shares that are traded during any taxable year on all established securities markets in that country exceeds the number of shares in each such class that are traded during that year on established securities markets in any other single country. Notwithstanding the foregoing, § 883 provides, in relevant part, that a class of shares will not be considered to be “regularly traded” on an established securities market for any taxable year in which 50% or more of the vote and value of the outstanding shares of such class are owned, actually or constructively under specified share attribution rules, on more than half the days during the taxable year by persons who each own 5% or more of the vote and value of such class of outstanding shares which is referred as the 5 Percent Override Rule. In the event that the 5 Percent Override Rule is triggered, § 883 provides that such rule will not apply if the Company can establish that within the group of 5% shareholders, there are sufficient qualified shareholders within the meaning of § 883 to preclude non-qualified shareholders in such group from owning 50% or more of the total value of the Company’s common shares for more than half the number of days during the taxable year. For the years ended December 31, 2022 and 2021, Globus and its wholly owned subsidiaries deriving income from the operation of international ships were organized in foreign countries that grant equivalent exemptions to corporations organized in the U.S. Globus’s common shares, representing more than 50% of the voting power and value in Globus, were primarily and regularly traded on the Nasdaq Capital Market, which is an established securities market. Although Globus’s ship-owning and operating subsidiaries were not publicly traded, they should have qualified for the qualified shareholder test by virtue of their ownership by Globus. Accordingly, all of Globus’ and its ship-owning or operating subsidiaries that relied on § 883 for exempting U.S. source income from the international operation of ships should not have been subject to U.S. federal income tax for the years ended December 31, 2022 and 2021. It was not clear whether Globus was able to rely on the § 883 exemption for the year ended December 31, 2020. Nevertheless, because Globus and its subsidiaries earned no U.S. source gross transportation income (because none of Globus’s vessels made a voyage to or from the United States in 2020) neither the U.S. 4% gross basis tax nor the net income tax should be owed for 2020. Under the laws of the Republic of Malta, the country of incorporation of one of the Company’s vessel-owning company’s, this vessel-owning company is not liable for any income tax on its income derived from shipping operations. The Republic of Malta is a country that has an income tax treaty with the United States. Accordingly, income earned by vessel-owning companies organized under the laws of the Republic of Malta may qualify for a treaty-based exemption. Specifically, Article 8 (Shipping and Air Transport) of the treaty sets out the relevant rule to the effect that profits of an enterprise of a Contracting State from the operation of ships in international traffic shall be taxable only in that State.

Financial risk management objec

Financial risk management objectives and policies	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
Financial risk management objectives and policies	20. Financial risk management objectives and policies The Company’s financial liabilities are long-term borrowings, trade and other payables and the financial derivative instrument. The main purpose of these financial liabilities is to assist the Company in the financing of its operations and the acquisition of vessels. The Company has various financial assets such as trade accounts receivable, financial derivative instrument and cash and short-term deposits including restricted cash, which arise directly from its operations. The main risks arising from the Company’s financial instruments are cash flow interest rate risk, credit risk, liquidity risk and foreign currency risk. Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company’s exposure to the risk of changes in market interest rates relates primarily to the Company’s long-term debt obligations with floating interest rates. As at December 31, 2022 and 2021, the Company had no long-term borrowings at a fixed interest rate. Interest rate risk table The following table demonstrates the sensitivity to a reasonably possible change in interest rates, with all other variables held constant, on the Company’s income/(loss). 20. Financial risk management objectives and policies (continued) Financial risk management objectives and policies - Interest rate risk Increase/(Decrease) in basis points Effect on income / (loss) 2022 $ Libor/SOFR +15 (55) -20 73 2021 $ Libor +15 (52) -20 69 2020 $ Libor +15 (57) -20 75 Foreign currency risk The following table demonstrates the sensitivity to a reasonably possible change in the Euro exchange rate, with all other variables held constant, to the Company’s loss due to changes in the fair value of monetary assets and liabilities. The Company’s exposure to foreign currency changes for all other currencies as at December 31, 2022 and 2021, was not material. Financial risk management objectives and policies - Foreign currency risk Change in rate Effect on income / (loss) 2022 +10% (573) -10% 573 2021 +10% (478) -10% 478 2020 +10% (258) -10% 258 Credit risk The Company operates only with recognized, creditworthy third parties including major charterers, commodity traders and government owned entities. Receivable balances are monitored on an ongoing basis with the result that the Company’s exposure to impairment on trade accounts receivable is not significant. The maximum exposure is the carrying value of trade accounts receivable as indicated in the consolidated statement of financial position. With respect to the credit risk arising from other financial assets of the Company such as cash and cash equivalents, the Company’s exposure to credit risk arises from default of the counter parties, which are recognized financial institutions. The Company performs annual evaluations of the relative credit standing of these counter parties. The exposure of these financial instruments is equal to their carrying amount as indicated in the consolidated statement of financial position. Concentration of credit risk table: The following table provides information with respect to charterers who individually, accounted for approximately more than 10% of the Company’s revenue for the years ended December 31, 2022, 2021 and 2020: Financial risk management objectives and policies - Concentration of credit risk table 2022 % 2021 % 2020 % A 6,606 11% — — — — B 6,548 11% — — — — C — — 7,726 18% — — D — — 4,571 11% — — Other 48,236 78% 30,914 71% 11,753 100% Total 61,390 100% 43,211 100% 11,753 100% Liquidity risk The Company mitigates liquidity risk by managing cash generated by its operations, applying cash collection targets appropriately. The vessels are normally chartered under time-charter, bareboat and spot agreements where, as per the industry practice, the charterer pays for the transportation service 15 days in advance, supporting the management of cash generation. Vessel acquisitions are carefully controlled, with authorization limits operating up to board level and cash payback periods applied as part of the investment appraisal process. In this way, the Company maintains a good credit rating to facilitate fund raising. In its funding strategy, the Company’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank loans. Excess cash used in managing liquidity is only invested in financial instruments exposed to insignificant risk of changes in market value or are being placed on interest bearing deposits with maturities fixed usually for no more than 3 months. The Company monitors its risk relating to the shortage of funds by considering the maturity of its financial liabilities and its projected cash flows from operations. 20. Financial risk management objectives and policies (continued) The table below summarizes the maturity profile of the Company’s financial liabilities (including interest) at December 31, 2022 and 2021 based on contractual undiscounted cash flows. Financial risk management objectives and policies - Liquidity risk Year ended December 31, 2022 Less than 3 months 3 to 12 months 1 to 5 years More than 5 years Total Long-term debt 2,495 7,266 43,816 — 53,577 Lease liabilities 80 241 188 — 509 Accrued liabilities and other payables 5,814 — — — 5,814 Trade accounts payables 3,548 — — — 3,548 Total 11,937 7,507 44,004 — 63,448 Year ended December 31, 2021 Less than 3 months 3 to 12 months 1 to 5 years More than 5 years Total Long-term debt 1,566 4,614 29,325 — 35,505 Lease liabilities 92 275 585 — 952 Accrued liabilities and other payables 3,497 — — — 3,497 Trade accounts payables 1,100 — — — 1,100 Current portion of fair value of derivative financial instruments 23 69 — — 92 Total 6,278 4,958 29,910 — 41,146 Capital management The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximize shareholder value. The Company manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares as well as managing the outstanding level of debt. Lenders may impose capital structure or solvency ratios (refer to note 11). No changes were made in the objectives, policies or processes during the years ended December 31, 2022 and 2021.

Fair values

Fair values	12 Months Ended
	Dec. 31, 2022
Disclosure of fair value measurement of assets [abstract]
Fair values	21. Fair values Carrying amounts and fair values The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy (as defined in note 2.27). It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value, such as cash and cash equivalents, restricted cash, trade receivables and trade payables. 21.   Fair values (continued) Fair values measurement Carrying amount Fair value Level 1 Level 2 Level 3 Total December 31, 2022 Financial assets Financial assets measured at fair value Non-current portion of fair value of derivative financial instruments 1,315 — 1,315 — 1,315 Current portion of fair value of derivative financial instruments 1,092 — 1,092 — 1,092 2,407 Financial liabilities Financial liabilities not measured at fair value Long-term borrowings 44,375 — 45,549 — 45,549 44,375 Carrying amount Fair value Level 1 Level 2 Level 3 Total December 31, 2021 Financial assets Financial assets measured at fair value Derivative financial instruments 417 — 417 — 417 417 Financial liabilities Financial liabilities measured at fair value Derivative financial instruments 92 — 92 — 92 92 Financial liabilities not measured at fair value Long-term borrowings 31,750 — 32,155 — 32,155 31,750 21. Fair values (continued) Measurement of fair values Valuation techniques and significant unobservable inputs The following tables show the valuation techniques used in measuring Level 1, Level 2 and Level 3 fair values, as well as the significant unobservable inputs used. Valuation techniques and significant unobservable inputs Financial instruments measured at fair value Type Valuation Techniques Significant unobservable inputs Derivative financial instruments: Interest Rate Swap Discounted cash flow Discount rate Financial instruments not measured at fair value Asset and liabilities not measured at fair value Type Valuation Techniques Significant unobservable inputs Long-term borrowings Discounted cash flow Discount rate Transfers between Level 1, 2 and 3 There were no transfers between these levels in 2021 and 2022.

Events after the reporting date

Events after the reporting date	12 Months Ended
	Dec. 31, 2022
Disclosure of non-adjusting events after reporting period [abstract]
Events after the reporting date	22. Events after the reporting date On March 6, 2023, the Company, through a wholly owned subsidiary, entered into an agreement to sell the 2007 14.1 4.5 In March 2023 the Company, through its subsidiary, Calypso Shipholding S.A., paid the 2 nd bulk carrier 64,000 3.7

Basis of Preparation and Sign_2

Basis of Preparation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Disclosure of initial application of standards or interpretations [abstract]
Basis of Preparation:	2.1         Basis of Preparation: Going concern basis of accounting: The Company performs on a regular basis an assessment to evaluate its ability to continue as a going concern. In assessing whether the going concern assumption is appropriate, management takes into account all available information about the future, which is at least, but is not limited to, twelve months from the end of the reporting period. The degree of consideration depends on the facts in each case and depends on the Company’s profitability and ready access to financial resources, In certain cases, management may need to consider a wide range of factors relating to current and expected profitability, debt repayment schedules, compliance with the financial and security collateral cover ratio covenants under its existing debt agreements and potential sources of replacement financing before it can satisfy itself that the going concern basis is appropriate. The Company may need to develop detailed cash flow projections as part of its assessment in such cases. In developing estimates of future cash flows, the Company makes assumptions about the vessels’ future performance, with the significant assumptions relating to time charter equivalent rates, vessels’ operating expenses, vessels’ capital expenditures, fleet utilization, Company’s general and administrative expenses and cash flow requirements for debt servicing. The assumptions used to develop estimates of future cash flows are based on historical trends as well as future expectations. As at December 31, 2022, the Company reported a total comprehensive income for the year of $ 24,280 26,906 52,833 45,000 The above conditions indicate that the Company is expected to be able to operate as a going concern and these consolidated financial statements were prepared under this assumption. Impact of COVID-19 on the Company’s Business The spread of the COVID-19 virus, which has been declared a pandemic by the World Health Organization in 2020 has caused substantial disruptions in the global economy and the shipping industry, as well as significant volatility in the financial markets, the severity and duration of which remains uncertain. The impact of the COVID-19 pandemic continues to unfold and may continue to have a negative effect on the Company’s business, financial performance and the results of its operations. As a result, many of the Company’s estimates and assumptions required increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, the Company’s estimates may change in future periods. Besides reducing demand for cargo, coronavirus may functionally limit the amount of cargo that the Company and its competitors are able to move because countries worldwide have imposed quarantine checks on arriving vessels, which have caused delays in loading and delivery of cargoes. The Company has evaluated the impact of the current economic situation on the recoverability of the carrying amount of its vessels. During the first quarter of 2020, the Company concluded that events and circumstances triggered the existence of potential impairment of its vessels. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the future operations. As a result, the Company performed an impairment assessment of the Company’s vessels by comparing the discounted projected net operating cash flows for each vessel to its carrying values. For the first quarter of 2020, the Company concluded that the recoverable amounts of the vessels were lower than their carrying amounts and an impairment loss of $ 4,615 no Conflicts The conflict between Russia and Ukraine, which commenced in February 2022, has disrupted supply chains and caused instability and significant volatility in the global economy. Much uncertainty remains regarding the global impact of the conflict in Ukraine, and it is possible that such instability, uncertainty and resulting volatility could significantly increase the costs of the Company and adversely affect its business, including the ability to secure charters and financing on attractive terms, and as a result, adversely affect the Company’s business, financial condition, results of operation, estimates and cash flows. Currently there is no direct effect on the Company’s operations. 2.       Basis of Preparation and Significant Accounting Policies (continued) Statement of Compliance: International Financial Reporting Standards Basis of Consolidation: All inter-company balances and transactions have been eliminated upon consolidation. Subsidiaries are fully consolidated from the date on which control is transferred to the Company and cease to be consolidated from the date on which control is transferred out of the Company.
Standards amendments and interpretations:	2.2         Standards amendments and interpretations: The accounting policies adopted are consistent with those of previous financial year except for the following amended IFRS which have been adopted by the Company as at January 1, 2022: · IFRS 3 Business Combinations; IAS 16 Property, Plant and Equipment; IAS 37 Provisions, Contingent Liabilities and Contingent Assets as well as Annual Improvements 2018-2020 (Amendments) The amendments are effective for annual periods beginning on or after January 1, 2022 with earlier application permitted. The IASB has issued narrow-scope amendments to the IFRS Standards as follows: Ø IFRS 3 Business Combinations (Amendments) Ø IAS 16 Property, Plant and Equipment (Amendments) Ø IAS 37 Provisions, Contingent Liabilities and Contingent Assets (Amendments) Ø Annual Improvements 2018-2020 IFRS 1 First-time Adoption of International Financial Reporting Standards IFRS 9 Financial Instruments IAS 41 Agriculture IFRS 16 Leases The amendments had no impact on the financial statements of the Company. · IFRS 16 Leases-Covid 19 Related Rent Concessions beyond June 30, 2021 (Amendment) The Amendment applies to annual reporting periods beginning on or after April 1, 2021, with earlier application permitted, including in financial statements not yet authorized for issue at the date the amendment is issued. In March 2021, the Board amended the conditions of the practical expedient in IFRS 16 that provides relief to lessees from applying the IFRS 16 guidance on lease modifications to rent concessions arising as a direct consequence of the covid-19 pandemic. Following the amendment, the practical expedient now applies to rent concessions for which any reduction in lease payments affects only payments originally due on or before June 30, 2022, provided the other conditions for applying the practical expedient are met. The amendments had no impact on the financial statements of the Company. Standards issued but not yet effective and not early adopted: · IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting policies (Amendments) The Amendments are effective for annual periods beginning on or after January 1, 2023 with earlier application permitted. The amendments provide guidance on the application of materiality judgements to accounting policy disclosures. In particular, the amendments to IAS 1 replace the requirement to disclose ‘significant’ accounting policies with a requirement to disclose ‘material’ accounting policies. Also, guidance and illustrative examples are added in the Practice Statement to assist in the application of the materiality concept when making judgements about accounting policy disclosures. Management is in process of assessing the effect of these amendments on the Company’s financial statements and disclosures. 2.        Basis of Preparation and Significant Accounting Policies (continued) · IAS 8 Accounting policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates (Amendments) The amendments become effective for annual reporting periods beginning on or after January 1, 2023 with earlier application permitted and apply to changes in accounting policies and changes in accounting estimates that occur on or after the start of that period. The amendments introduce a new definition of accounting estimates, defined as monetary amounts in financial statements that are subject to measurement uncertainty, if they do not result from a correction of prior period error. Also, the amendments clarify what changes in accounting estimates are and how these differ from changes in accounting policies and corrections of errors. Management is in process of assessing the effect of these amendments on the Company’s financial statements and disclosures. · IAS 12 Income taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments) The amendments are effective for annual periods beginning on or after January 1, 2023 with earlier application permitted. The amendments narrow the scope of and provide further clarity on the initial recognition exception under IAS 12 and specify how companies should account for deferred tax related to assets and liabilities arising from a single transaction, such as leases and decommissioning obligations. The amendments clarify that where payments that settle a liability are deductible for tax purposes, it is a matter of judgement, having considered the applicable tax law, whether such deductions are attributable for tax purposes to the liability or to the related asset component. Under the amendments, the initial recognition exception does not apply to transactions that, on initial recognition, give rise to equal taxable and deductible temporary differences. It only applies if the recognition of a lease asset and lease liability (or decommissioning liability and decommissioning asset component) give rise to taxable and deductible temporary differences that are not equal. Management has assessed that these amendments will have no impact on the Company’s financial position or performance. · IAS 1 Presentation of Financial Statements: Classification of Liabilities as Current or Non-current (Amendments) The amendments are effective for annual reporting periods beginning on or after January 1, 2024, with earlier application permitted, and will need to be applied retrospectively in accordance with IAS 8. The objective of the amendments is to clarify the principles in IAS 1 for the classification of liabilities as either current or non-current. The amendments clarify the meaning of a right to defer settlement, the requirement for this right to exist at the end of the reporting period, that management intent does not affect current or non-current classification, that options by the counterparty that could result in settlement by the transfer of the entity’s own equity instruments do not affect current or non-current classification. Also, the amendments specify that only covenants with which an entity must comply on or before the reporting date will affect a liability’s classification. Additional disclosures are also required for non-current liabilities arising from loan arrangements that are subject to covenants to be complied with within twelve months after the reporting period. Management is in process of assessing the effect of these amendments on the Company’s financial statements and disclosures. · IFRS 16 Leases: Lease Liability in a Sale and Leaseback (amendments) The amendments are effective for annual reporting periods beginning on or after January 1, 2024, with earlier application permitted. The amendments are intended to improve the requirements that a seller-lessee uses in measuring the lease liability arising in a sale and leaseback transaction in IFRS 16, while it does not change the accounting for leases unrelated to sale and leaseback transactions. In particular, the seller-lessee determines ‘lease payments’ or ‘revised lease payments’ in such a way that the seller-lessee would not recognize any amount of the gain or loss that relates to the right of use it retains. Applying these requirements does not prevent the seller-lessee from recognizing, in profit or loss, any gain or loss relating to the partial or full termination of a lease. A seller-lessee applies the amendment retrospectively in accordance with IAS 8 to sale and leaseback transactions entered into after the date of initial application, being the beginning of the annual reporting period in which an entity first applied IFRS 16. Management has assessed that these amendments will have no impact on the Company’s financial position or performance. · Amendment in IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture The amendments address an acknowledged inconsistency between the requirements in IFRS 10 and those in IAS 28, in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The main consequence of the amendments is that a full gain or loss is recognized when a transaction involves a business (whether it is housed in a subsidiary or not). A partial gain or loss is recognized when a transaction involves assets that do not constitute a business, even if these assets are housed in a subsidiary. In December 2015 the IASB postponed the effective date of this amendment indefinitely pending the outcome of its research project on the equity method of accounting. Management has assessed that these amendments will have no impact on the Company’s financial position or performance. 2.       Basis of Preparation and Significant Accounting Policies (continued)
Significant accounting policies, judgments, estimates and assumptions:	2.3          Significant accounting policies, judgments, estimates and assumptions: The preparation of consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amounts of revenues and expenses recognized during the reporting period. However, uncertainty about these assumptions and estimates could result in outcomes that could require a material adjustment to the carrying amount of the asset or liability affected in the future. Judgments: Impairment and Reversal of previously recognized impairment: The Company considers the following indicators of impairment/reversal of impairment: Ø Observable significant decrease / increase in vessel’s market value Ø Significant adverse / favorable changes in the technological, economic or legal environment incurred or are expected to be incurred and negatively / positively affect vessel’s value or decrease / increase its revenue generating ability Ø Market interest rates of return on investments have increased / decreased during the period, which will result in increase /decrease of the discount rate. To evaluate the presence of impairment/reversal of impairment indicators the Company assessed current market conditions as derived from historical information including analysis over vessel market charter rates and market prices, recent vessels sales and purchase activity, independent brokers valuations reports and also assesses forward looking industry information regarding vessels market values.as well as various qualitative factors. Based on such assessment performed as of December 31, 2022 and 2021 the Company concluded that no indicators for impairment and reversal of impairment were present as of December 31, 2022 and 2021 and no impairment or reversal of previously recognized impairment losses was recorded for the years ended December 31, 2022 and 2021 (Note 5). Estimates and assumptions Ø Carrying amount of vessels, net Ø Impairment of Vessels and Reversal of previously recognized impairment losses
Accounting for revenue and related expenses:	2.4         Accounting for revenue and related expenses: Interest income Voyage expenses Vessel operating expenses
Foreign currency translation:	2.5          Foreign currency translation: The functional currency of Globus and its subsidiaries is the U.S. dollar, which is also the presentation currency of the Company, since the Company’s vessels operate in international shipping markets, whereby the U.S. dollar is the currency used for transactions. Transactions involving other currencies during the period are converted into U.S. dollars using the exchange rates in effect at the time of the transactions. At the financial position dates, monetary assets and liabilities, which are denominated in currencies other than the U.S. dollar, are translated into the functional currency using the period-end exchange rate. Gains or losses resulting from foreign currency transactions are included in foreign exchange gains/(losses), net in the consolidated statement of comprehensive income/(loss).
Cash and cash equivalents:	2.6           Cash and cash equivalents:
Trade accounts receivable, net:	2.7        Trade accounts receivable, net: 8 0 2.       Basis of Preparation and Significant Accounting Policies (continued)
Inventories:	2.8            Inventories:
Vessels, net:	2.9         Vessels, net:
Dry-docking costs:	2.10        Dry-docking costs: Vessels are required to be dry-docked for major repairs and maintenance that cannot be performed while the vessels are operating. Dry-dockings occur approximately every 2.5 straight-line basis
Depreciation:	2.11         Depreciation: straight-line basis 25 years 300 380 145 440 118
Impairment of Long-Lived Assets and Reversal of previously recognized impairment losses:	2.12        Impairment of Long-Lived Assets and Reversal of previously recognized impairment losses: The Company assesses at each reporting date whether there is an indication that a vessel may be impaired. The vessel’s recoverable amount is estimated when events or changes in circumstances indicate the carrying value may not be recoverable. If such indication exists and where the carrying value exceeds the estimated recoverable amounts, the vessel is written down to its recoverable amount. The recoverable amount is the greater of fair value less costs to sell and value-in-use. In assessing value-in-use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the vessel. Impairment losses are recognized in the consolidated statement of comprehensive income/(loss). The Company assesses also at each reporting date whether there is any indication that an impairment loss recognized in prior periods for a vessel may no longer exist or may have decreased. A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognized. If that is the case, the carrying amount of the asset is increased to its recoverable amount. That increased amount cannot exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the consolidated statement of comprehensive income/(loss). After such a reversal, the depreciation charge is adjusted in future periods to allocate the asset’s revised carrying amount, less any residual value, on a systematic basis over its remaining useful life (refer to note 5).
Long-term debt:	2.13        Long-term debt: 179 2.       Basis of Preparation and Significant Accounting Policies (continued)
Financing costs:	2.14        Financing costs: 259 18,000 545 0
Borrowing costs:	2.15        Borrowing costs:
Operating segment:	2.16       Operating segment: one
Provisions and contingencies:	2.17         Provisions and contingencies: Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and, a reliable estimate of the amount of the obligation can be made. Provisions are reviewed at each financial position date and adjusted to reflect the present value of the expenditure expected to be required to settle the obligation. Contingent liabilities are not recognized in the consolidated financial statements but are disclosed unless the possibility of an outflow of resources embodying economic benefits is remote, in which case there is no disclosure. Contingent assets are not recognized in the consolidated financial statements but are disclosed when an inflow of economic benefits is probable.
Pension and retirement benefit obligations:	2.18         Pension and retirement benefit obligations: Provision for employees’ severance compensation: If the employee remains in the employment of the Company until normal retirement age, they are entitled to retirement compensation which is equal to 40% of the compensation amount that would be payable if they were dismissed at that time. 148 114
Offsetting of financial assets and liabilities:	2.19        Offsetting of financial assets and liabilities:
Financial assets and liabilities:	2.20       Financial assets and liabilities: i. Classification and measurement of financial assets and financial liabilities Under IFRS 9, on initial recognition, a financial asset is classified as measured at: amortized cost; fair value through other comprehensive income (FVOCI) - debt investment; FVOCI - equity investment; or fair value through profit or loss (FVTPL). The classification of financial assets under IFRS 9 is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. 2.       Basis of Preparation and Significant Accounting Policies (continued) A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as at FVTPL: · it is held within a business model whose objective is to hold assets to collect contractual cash flows; and · its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: · it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and · its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. On initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. A financial asset (unless it is a trade receivable without a significant financing component that is initially measured at the transaction price) is initially measured at fair value plus, for an item not at FVTPL, transaction costs that are directly attributable to its acquisition. ii. Impairment of financial assets The financial assets at amortized cost consist of trade accounts receivable and cash and cash equivalents. Under IFRS 9, loss allowances are measured on either of the following bases: · 12-month ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date; and · lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analyses, based on the Company's historical experience and informed credit assessment and including forward-looking information. The Company assumes that the credit risk on a financial asset has increased significantly if it is more than 180 days past due. The Company considers a financial asset to be in default when: · the counterparty is unlikely to pay its contractual obligations to the Company in full, without recourse by the Company to actions such as realizing security (if any is held); or · the financial asset is more than 1 year past due. The maximum period considered when estimating ECLs is the maximum contractual period over which the Company is exposed to credit risk. ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between cash flows due to the entity in accordance with the contract and cash flows that the Company expects to receive). ECLs are discounted at the effective interest rate of the financial asset. Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets. iii. Derecognition of financial assets A financial asset (or, where applicable a part of a financial asset or part of a group of similar financial assets) is derecognized where: · the rights to receive cash flows from the asset have expired; · the Company retains the right to receive cash flows from the asset, but has assumed an obligation to pay them in full without material delay to a third party under a “pass-through” arrangement; or 2.       Basis of Preparation and Significant Accounting Policies (continued) · the Company has transferred its rights to receive cash flows from the asset and either (a) has transferred substantially all the risks and rewards of the assets, or (b) has neither transferred nor retained substantially all the risks and rewards of the asset but has transferred control of the asset. Where the Company has transferred its rights to receive cash flows from an asset and has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset, the asset is recognized to the extent of the Company’s continuing involvement in the asset. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Company could be required to repay. iv. Derecognition of Financial liabilities: A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability and, the difference in the respective carrying amounts is recognized in profit or loss.
Leases:	2.21       Leases: Leases – where the Company is the lessee: At the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including any in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and any amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties for terminating the lease, if the lease term reflects the Company exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Company uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset. Leases – where an entity is the lessor: For time charters that qualify as leases, the Company is required to disclose lease and non-lease components of lease revenue. The revenue earned under time charters is not negotiated its two separate components, but as a whole. For purposes of determining the standalone selling price of the vessel lease and technical management service components of the Company’s time charters, the Company concluded that the residual approach would be the most appropriate method to use given that vessel lease rates are highly variable depending on shipping market conditions, the duration of such charters and the age of the vessel. 2.       Basis of Preparation and Significant Accounting Policies (continued) The Company believes that the standalone transaction price attributable to the technical management service component, including crewing services, is more readily determinable than the price of the lease component and, accordingly, the price of the service component is estimated using data provided by its technical department, which includes crew expenses, maintenance and consumable costs and was approximately $ 18,451 42,939
Share based compensation:	2.22        Share based compensation:
Share capital and Warrants:	2.23       Share capital and Warrants: Common shares and preferred shares are classified as equity. Incremental costs directly attributable to the issue of new shares are recognized in equity as a deduction from the proceeds. The Company’s warrants meet the classification criteria as per IAS 32 and, accordingly, are classified in equity.
Dividends:	2.24        Dividends:
Fair value measurement:	2.25      Fair value measurement: The Company uses the following hierarchy for determining and disclosing the fair value of assets and liabilities by valuation technique: Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities. Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly. Level 3: techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data. For assets and liabilities that are recognized in the consolidated financial statements on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by reassessing categorization at the end of each reporting period. The Company engaged independent valuation specialists to determine the fair value of non-financial assets.
Current versus non-current classification:	2.26       Current versus non-current classification: An asset as current when it is: · Expected to be realized or intended to be sold or consumed in a normal operating cycle · Held primarily for the purpose of trading · Expected to be realized within twelve months after the reporting period · Cash or cash equivalent 2.       Basis of Preparation and Significant Accounting Policies (continued) All other assets are classified as non-current. A liability is current: · It is expected to be settled in a normal operating cycle · It is held primarily for the purpose of trading · It is due to be settled within twelve months after the reporting period · There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current.
Restricted Cash:	2.27        Restricted Cash:
Interest Rate Swap:	2.28       Interest Rate Swap: The fair value of the Interest Rate Swaps is classified under “Fair value of derivative financial instruments” either under assets or liabilities in the consolidated statement of financial position. In the event that the respective asset or liability is expected to be materialized within the next twelve months, it is classified as current asset or liability. Otherwise, the respective asset or liability is classified as non-current asset or liability. The change in fair value deriving from the valuation of the Interest Rate Swap at the end of each reporting period is classified under “Gain/ (Loss) on derivative financial instruments” in the consolidated statement of comprehensive income/(loss). Realized gains or losses resulting from interest rate swaps are recognized in profit or loss under “Gain / (Loss) on derivative financial instruments” in the consolidated statement of comprehensive income/(loss).
Management & consulting fee income:	2.29     Management & consulting fee income:

Basis of presentation and gen_2

Basis of presentation and general information (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of subsidiaries [abstract]
Basis of presentation and general information	Basis of presentation and general information Company Country of Incorporation Vessel Delivery Date Vessel Owned Globus Shipmanagement Corp. Marshall Islands — Management Co. Devocean Maritime Ltd. Marshall Islands December 18, 2007 m/v River Globe Domina Maritime Ltd. Marshall Islands May 19, 2010 m/v Sky Globe Dulac Maritime S.A. Marshall Islands May 25, 2010 m/v Star Globe Artful Shipholding S.A. Marshall Islands June 22, 2011 m/v Moon Globe Longevity Maritime Limited Malta September 15, 2011 m/v Sun Globe Serena Maritime Limited Marshall Islands October 29, 2020 m/v Galaxy Globe Talisman Maritime Limited Marshall Islands July 20, 2021 m/v Power Globe Argo Maritime Limited Marshall Islands June 9, 2021 m/v Diamond Globe Calypso Shipholding S.A. Marshall Islands — Hull No: S-1885* Daxos Maritime Limited Marshall Islands — Hull No: NE-442* Olympia Shipholding S.A. Marshall Islands — — Paralus Shipholding S.A. Marshall Islands — Hull No: NE-443* Salaminia Maritime Limited Marshall Islands November 29, 2021 m/v Orion Globe * New building vessels

Cash and cash equivalents and_2

Cash and cash equivalents and Restricted cash (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Cash and cash equivalents and Restricted cash	Cash and cash equivalents and Restricted cash December 31, 2022 2021 Cash on hand 36 25 Cash at banks 52,797 45,188 Total 52,833 45,213

Transactions with Related Par_2

Transactions with Related Parties (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of transactions between related parties [abstract]
Transactions with Related Parties - Compensation to the Company's Non-Executive Directors	Transactions with Related Parties - Compensation to the Company's Non-Executive Directors For the year ended December 31, 2022 2021 2020 Directors’ remuneration 240 145 143 Share-based payments (Note 12) — 40 40 Total 240 185 183
Transactions with Related Parties - Compensation to the Company's Executive Director	Transactions with Related Parties - Compensation to the Company's Executive Director For the year ended December 31, 2022 2021 2020 Short-term employee benefits 1,172 1,216 1,772 Total 1,172 1,216 1,772

Vessels, net (Tables)

Vessels, net (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Vessels, net - Consolidated Statement of Financial Position	Vessels, net - Consolidated Statement of Financial Position Vessels cost Vessels accumulated depreciation Dry docking costs Accumulated depreciation of dry-docking costs Net Book Value Balance at January 1, 2020 149,579 (101,858) 7,600 (7,079) 48,242 Additions/ Dry Docking Component 18,028 — 4,283 — 22,311 Impairment loss (4,615) — — — (4,615) Depreciation expense — (2,253) — (1,335) (3,588) Balance at December 31, 2020 162,992 (104,111) 11,883 (8,414) 62,350 Additions/ Dry Docking Component 70,746 — 4,044 — 74,790 Depreciation expense — (3,665) — (2,751) (6,416) Balance at December 31, 2021 233,738 (107,776) 15,927 (11,165) 130,724 Additions/ Dry Docking Component 1,178 — 7,438 — 8,616 Depreciation expense — (5,233) — (4,646) (9,879) Balance at December 31, 2022 234,916 (113,009) 23,365 (15,811) 129,461
Vessels, net - Consolidated Statement of Comprehensive Income/ (loss)	Vessels, net - Consolidated Statement of Comprehensive Income/ (loss) For the year ended December 31, 2022 2021 2020 Vessels depreciation 5,233 3,665 2,253 Depreciation on office furniture and equipment 40 39 33 Depreciation of right of use asset (Note 18) 327 206 112 Total 5,600 3,910 2,398
Vessels, net - Impairment loss	Vessels, net - Impairment loss Vessel For the year ended December 31, 2020 m/v River Globe (332) m/v Sky Globe (1,231) m/v Star Globe (460) m/v Sun Globe (2,013) m/v Moon Globe (579) Impairment loss (4,615)

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Classes of current inventories [abstract]
Inventories	Inventories December 31, 2022 2021 Lubricants 1,062 765 Gas cylinders 133 87 Bunkers 1,833 — Total 3,028 852

Accrued liabilities and other_2

Accrued liabilities and other payables (Tables)	12 Months Ended
	Dec. 31, 2022
Miscellaneous current liabilities [abstract]
Accrued liabilities and other payables	Accrued liabilities and other payables December 31, 2022 2021 Accrued Interest Swap Loss — 30 Accrued audit fees 77 82 Other accruals 5,552 3,262 Insurance deductibles 104 64 Other payables 81 59 Total 5,814 3,497

Share Capital and Share Premi_2

Share Capital and Share Premium (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
Share Capital and Share Premium - Authorized share capital	Share Capital and Share Premium - Authorized share capital December 31, 2022 2021 2020 Authorized share capital: 500,000,000 0.004 2,000 2,000 2,000 100,000,000 0.001 100 100 100 100,000,000 0.001 100 100 100 Total authorized share capital 2,200 2,200 2,200
Share Capital and Share Premium - Common Shares issued and fully paid	Share Capital and Share Premium - Common Shares issued and fully paid Common Shares issued and fully paid Number of shares USD As at January 1, 2020 52,235 — Issued during the year for share-based compensation (note 12) 2,812 — Issuance of common stock due to conversion of loan 11,678 — Issuance of new common stocks 2,942,848 12 Issuance of common stock due to exercise of pre-funded warrants 25,000 — Issuance of common stock due to exercise of warrants 5,550 — As at December 31, 2020 3,040,123 12 Issued during the year for share-based compensation (note 12) 12,178 — Issuance of new common stocks 14,905,000 60 Issuance of common stock due to exercise of pre-funded warrants 2,625,000 10 As at December 31, 2021 20,582,301 82 Issued during the year for share-based compensation — — As at December 31, 2022 20,582,301 82

Earnings_(Loss) per Share (Tabl

Earnings/(Loss) per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings per share [abstract]
Earnings/(Loss) per Share	Earnings/(Loss) per Share For the year ended December 31, 2022 2021 2020 Income/(Loss) attributable to common equity holders 24,280 14,950 (17,372) Weighted average number of shares – basic and diluted 20,582,301 14,809,536 959,157 Net income/(loss) per common share – basic and diluted 1.18 1.01 (18.11)

Long-Term Debt, net (Tables)

Long-Term Debt, net (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about borrowings [abstract]
Long-Term Debt, net - Consolidated statement of financial position	Long-Term Debt, net - Consolidated statement of financial position Borrower Principal Deferred finance costs Accrued Interest Amortized cost Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., Artful Shipholding S.A., Longevity Maritime Limited, Serena Maritime Limited and Salaminia Maritime Limited. 44,375 (541) 491 44,325 Total at December 31, 2022 44,375 (541) 491 44,325 Less: Current Portion (6,500) 188 (491) (6,803) Long-Term Portion 37,875 (353) — 37,522 Total at December 31, 2021 31,750 (447) 179 31,482 Less: Current Portion (5,000) 135 (179) (5,044) Long-Term Portion 26,750 (312) — 26,438
Long-Term Debt, net - Annual loan principal payments	Long-Term Debt, net - Annual loan principal payments December 31, First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) 2023 6,500 2024 6,500 2025 6,500 2026 24,875 Total 44,375 The contractual annual loan principal payments to be made subsequent to December 31, 2021, were as follows: December 31, First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) 2022 5,000 2023 5,000 2024 5,000 2025 5,000 2026 and thereafter 11,750 Total 31,750

Share Based Payment (Tables)

Share Based Payment (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Share Based Payment	Share Based Payment Year 2021 Number of common shares Number of preferred shares Share premium Retained earnings Non-executive directors’ payment 12,178 — 40 — Balance at December 31, 2021 12,178 — 40 — Year 2020 Number of common shares Number of preferred shares Share premium Retained earnings Non-executive directors’ payment 2,812 — 40 — Balance at December 31, 2020 2,812 — 40 —

Voyage Expenses and Vessel Op_2

Voyage Expenses and Vessel Operating Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Expenses by nature [abstract]
Voyage Expenses and Vessel Operating Expenses - Voyage expenses	Voyage Expenses and Vessel Operating Expenses - Voyage expenses Voyage expenses consisted of: For the year ended December 31, 2022 2021 2020 Commissions 924 626 160 Bunkers expenses 3,876 — 2,117 Other voyage expenses 573 502 213 Total 5,373 1,128 2,490
Voyage Expenses and Vessel Operating Expenses - Vessel operating expenses	Voyage Expenses and Vessel Operating Expenses - Vessel operating expenses For the year ended December 31, 2022 2021 2020 Crew wages and related costs 8,952 7,570 4,865 Insurance 1,349 1,067 661 Spares, repairs and maintenance 3,935 2,414 1,574 Lubricants 924 555 434 Stores 2,340 1,712 787 Other 512 490 260 Total 18,012 13,808 8,581

Administrative Expenses (Tables

Administrative Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Selling, general and administrative expense [abstract]
Administrative Expenses	Administrative Expenses For the year ended December 31, 2022 2021 2020 Personnel expenses 1,454 1,455 1,013 Audit fees 204 215 143 Consulting fees 271 329 243 Communication 16 16 12 Stationery 3 6 3 Greek tax authorities (note 19) 292 185 130 Other 636 404 347 Total 2,876 2,610 1,891

Interest Expense and Finance _2

Interest Expense and Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2022
Interest costs [abstract]
Interest Expense and Finance Costs	Interest Expense and Finance Costs For the year ended December 31, 2022 2021 2020 Interest payable on long-term borrowings 2,047 1,958 3,721 Bank charges 60 59 69 Amortization of debt discount 165 547 293 Operating lease liability interest 54 52 44 Other finance expenses 34 646 28 Gain from termination of lease liability (40) — — Total 2,320 3,262 4,155

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments
Commitments - Future minimum lease revenues receivable under non-cancellable operating leases	Commitments - Future minimum lease revenues receivable under non-cancellable operating leases 2022 2021 Within one year 6,675 6,082 Total 6,675 6,082
Commitments - Future minimum contractual obligations	Commitments - Future minimum contractual obligations December 31, Calypso Shipholding S.A. Daxos Maritime Limited Paralus Shipholding S.A. 2023 11,100 — — 2024 18,500 24,785 24,785 Total 29,600 24,785 24,785

Financial risk management obj_2

Financial risk management objectives and policies (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
Financial risk management objectives and policies - Interest rate risk	Financial risk management objectives and policies - Interest rate risk Increase/(Decrease) in basis points Effect on income / (loss) 2022 $ Libor/SOFR +15 (55) -20 73 2021 $ Libor +15 (52) -20 69 2020 $ Libor +15 (57) -20 75
Financial risk management objectives and policies - Foreign currency risk	Financial risk management objectives and policies - Foreign currency risk Change in rate Effect on income / (loss) 2022 +10% (573) -10% 573 2021 +10% (478) -10% 478 2020 +10% (258) -10% 258
Financial risk management objectives and policies - Concentration of credit risk table	Financial risk management objectives and policies - Concentration of credit risk table 2022 % 2021 % 2020 % A 6,606 11% — — — — B 6,548 11% — — — — C — — 7,726 18% — — D — — 4,571 11% — — Other 48,236 78% 30,914 71% 11,753 100% Total 61,390 100% 43,211 100% 11,753 100%
Financial risk management objectives and policies - Liquidity risk	Financial risk management objectives and policies - Liquidity risk Year ended December 31, 2022 Less than 3 months 3 to 12 months 1 to 5 years More than 5 years Total Long-term debt 2,495 7,266 43,816 — 53,577 Lease liabilities 80 241 188 — 509 Accrued liabilities and other payables 5,814 — — — 5,814 Trade accounts payables 3,548 — — — 3,548 Total 11,937 7,507 44,004 — 63,448 Year ended December 31, 2021 Less than 3 months 3 to 12 months 1 to 5 years More than 5 years Total Long-term debt 1,566 4,614 29,325 — 35,505 Lease liabilities 92 275 585 — 952 Accrued liabilities and other payables 3,497 — — — 3,497 Trade accounts payables 1,100 — — — 1,100 Current portion of fair value of derivative financial instruments 23 69 — — 92 Total 6,278 4,958 29,910 — 41,146

Fair values (Tables)

Fair values (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of fair value measurement of assets [abstract]
Fair values measurement	Fair values measurement Carrying amount Fair value Level 1 Level 2 Level 3 Total December 31, 2022 Financial assets Financial assets measured at fair value Non-current portion of fair value of derivative financial instruments 1,315 — 1,315 — 1,315 Current portion of fair value of derivative financial instruments 1,092 — 1,092 — 1,092 2,407 Financial liabilities Financial liabilities not measured at fair value Long-term borrowings 44,375 — 45,549 — 45,549 44,375 Carrying amount Fair value Level 1 Level 2 Level 3 Total December 31, 2021 Financial assets Financial assets measured at fair value Derivative financial instruments 417 — 417 — 417 417 Financial liabilities Financial liabilities measured at fair value Derivative financial instruments 92 — 92 — 92 92 Financial liabilities not measured at fair value Long-term borrowings 31,750 — 32,155 — 32,155 31,750
Valuation techniques and significant unobservable inputs	Valuation techniques and significant unobservable inputs Financial instruments measured at fair value Type Valuation Techniques Significant unobservable inputs Derivative financial instruments: Interest Rate Swap Discounted cash flow Discount rate Financial instruments not measured at fair value Asset and liabilities not measured at fair value Type Valuation Techniques Significant unobservable inputs Long-term borrowings Discounted cash flow Discount rate

Basis of presentation and gen_3

Basis of presentation and general information (Details)	12 Months Ended
	Dec. 31, 2022
Globus Shipmanagement Corp. [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date
Vessel Owned	Management Co.
Devocean Maritime Ltd. [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date	Dec. 18, 2007
Vessel Owned	m/v River Globe
Domina Maritime Ltd. [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date	May 19, 2010
Vessel Owned	m/v Sky Globe
Dulac Maritime S.A. [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date	May 25, 2010
Vessel Owned	m/v Star Globe
Artful Shipholding S.A. [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date	Jun. 22, 2011
Vessel Owned	m/v Moon Globe
Longevity Maritime Limited [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Malta
Vessel Delivery Date	Sep. 15, 2011
Vessel Owned	m/v Sun Globe
Serena Maritime Limited [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date	Oct. 29, 2020
Vessel Owned	m/v Galaxy Globe
Talisman Maritime Limited [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date	Jul. 20, 2021
Vessel Owned	m/v Power Globe
Argo Maritime Limited [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date	Jun. 09, 2021
Vessel Owned	m/v Diamond Globe
Calypso Shipholding S.A. [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date
Vessel Owned	Hull No: S-1885*
Daxos Maritime Limited [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date
Vessel Owned	Hull No: NE-442*
Olympia Shipholding S.A. [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date
Vessel Owned
Paralus Shipholding S.A. [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date
Vessel Owned	Hull No: NE-443*
Salaminia Maritime Limited [member]
Disclosure of subsidiaries [line items]
Country of Incorporation	Marshall Islands
Vessel Delivery Date	Nov. 29, 2021
Vessel Owned	m/v Orion Globe

Basis of presentation and gen_4

Basis of presentation and general information (Details Narrative)	12 Months Ended
	Dec. 31, 2022
Disclosure of subsidiaries [abstract]
Name of reporting entity	Globus Maritime Limited
Domicile of entity	Marshall Islands
Description of nature of entity's operations and principal activities	The principal business of the Company is the ownership and operation of a fleet of dry bulk motor vessels (“m/v”), providing maritime services for the transportation of dry cargo products on a worldwide basis.

Basis of Preparation and Sign_3

Basis of Preparation and Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Disclosure of initial application of standards or interpretations [line items]
Comprehensive income	$ 24,280,000	$ 14,950,000	$ (17,372,000)
Cash flows from (used in) operating activities	26,906,000	20,750,000	(6,243,000)
Cash and cash equivalents	52,833,000	45,213,000	19,037,000	$ 2,366,000
Working capital surplus	45,000,000
Impairment loss	$ 0	0	4,615,000
Entity Accounting Standard	International Financial Reporting Standards
Provision for doubtful trade receivables	$ 0	8,000
Current portion of non-current borrowings	6,803,000	5,044,000
Borrowing costs capitalised			0
Proceeds from borrowings, classified as financing activities	$ 18,000,000	34,250,000	0
Number Of Operating Segments	1
Description of nature of benefits provided by plan	If the employee remains in the employment of the Company until normal retirement age, they are entitled to retirement compensation which is equal to 40% of the compensation amount that would be payable if they were dismissed at that time.
Net defined benefit liability	$ 148,000	114,000
Direct operating expense from investment property	18,451,000
Lease components	42,939,000
First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) [member]
Disclosure of initial application of standards or interpretations [line items]
Borrowing costs capitalised	259,000	545,000
Proceeds from borrowings, classified as financing activities	$ 18,000,000
Current Accrued Interest [Member]
Disclosure of initial application of standards or interpretations [line items]
Current portion of non-current borrowings		179,000
Deferred Dry-docking costs [member]
Disclosure of initial application of standards or interpretations [line items]
Interval Between Vessel Drydocking Special Survey	2 years 6 months
Depreciation method	straight-line basis
Vessels [member]
Disclosure of initial application of standards or interpretations [line items]
Depreciation method	straight-line basis
Useful life	25 years
Vessels scrap rate per ton	$ 440	380	$ 300
Decrease in depreciation expense due to changes in scrap rate	$ 118,000	$ 145,000

Cash and cash equivalents and_3

Cash and cash equivalents and Restricted cash (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash and cash equivalents [abstract]
Cash on hand	$ 36	$ 25
Cash at banks	52,797	45,188
Total	$ 52,833	$ 45,213	$ 19,037	$ 2,366

Cash and cash equivalents and_4

Cash and cash equivalents and Restricted cash (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents [abstract]
Cash And Cash Equivalents Fair Value Disclosure	$ 52,833	$ 45,213
Restricted cash and cash equivalents	5,968	5,224
Restricted cash and cash equivalents fair value disclosure	5,968	5,224
Non-current restricted cash and cash equivalents	3,590	3,576
Current restricted cash and cash equivalents	$ 2,378	$ 1,648

Transactions with Related Par_3

Transactions with Related Parties - Compensation to the Company's Non-Executive Directors (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [line items]
Share-based payments (Note 12)	$ 0	$ 40	$ 40
Non-Executive Directors [member]
Disclosure of transactions between related parties [line items]
Directors’ remuneration	240	145	143
Share-based payments (Note 12)	0	40	40
Total	$ 240	$ 185	$ 183

Transactions with Related Par_4

Transactions with Related Parties - Compensation to the Company's Executive Director (Details) - Executive Director [member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Short-term employee benefits	$ 1,172	$ 1,216	$ 1,772
Total	$ 1,172	$ 1,216	$ 1,772

Transactions with Related Par_5

Transactions with Related Parties (Details Narrative)

2 Months Ended

4 Months Ended

5 Months Ended

6 Months Ended

7 Months Ended

8 Months Ended

9 Months Ended

11 Months Ended

12 Months Ended

Mar. 02, 2021 USD ($) $ / shares shares

Feb. 28, 2021 USD ($)

May 08, 2020 USD ($)

Jun. 12, 2020 USD ($) $ / shares shares

Jul. 15, 2021 USD ($)

Jun. 22, 2020 shares

Jul. 27, 2020 USD ($) shares

Aug. 18, 2016 EUR (€)

Sep. 30, 2021 USD ($)

Dec. 03, 2020 EUR (€)

Nov. 30, 2018 USD ($)

Dec. 31, 2022 USD ($) $ / shares shares

Dec. 31, 2022 EUR (€)

Dec. 31, 2021 USD ($) $ / shares shares

Dec. 31, 2020 USD ($) $ / shares

Dec. 31, 2016 USD ($)

Dec. 31, 2016 EUR (€)

Dec. 03, 2020 USD ($)

Disclosure of transactions between related parties [line items]

Credit adjustment of finance cost

$ 40,000

$ 0

$ 0

Depreciation, right-of-use assets

327,000

206,000

112,000

Interest expense on lease liabilities

54,000

52,000

44,000

Payment of lease liability - principal and Interest Paid

341,000

314,000

229,000

Consulting Fees Expense

$ 271,000

$ 329,000

243,000

Increase in number of shares outstanding | shares

342,857

Par value per share | $ / shares

$ 0.004

Voting Rights

Holders of the Company’s common shares and Class B common shares have equivalent economic rights, but holders of Company’s common shares are entitled to one vote per share and holders of the Company’s Class B common shares are entitled to twenty votes per share.

Holders of the Company’s common shares and Class B common shares have equivalent economic rights, but holders of Company’s common shares are entitled to one vote per share and holders of the Company’s Class B common shares are entitled to twenty votes per share.

Gains on change in fair value of derivatives

$ 2,520,000

$ 181,000

(1,647,000)

Interest expense

$ 2,047,000

$ 1,958,000

$ 3,721,000

Preferred shares [member]

Disclosure of transactions between related parties [line items]

Par value per share | $ / shares

$ 0.001

$ 0.001

$ 0.001

Goldenmare Limited [member]

Disclosure of transactions between related parties [line items]

Consulting Fees Expense

€ 200,000

€ 400,000

$ 1,172,000

$ 1,216,000

$ 1,772,000

Amount of one-time cash bonus

$ 1,500,000

$ 1,500,000

One time cash bonus payment

$ 1,000,000

Remaining of one time cash bonus payment

$ 500,000

Goldenmare Limited [member] | Preferred shares [member]

Disclosure of transactions between related parties [line items]

Increase in number of shares outstanding | shares

10,000

50

250

Par value per share | $ / shares

$ 0.001

$ 0.001

Issue of preferred shares

$ 130,000

$ 150,000

$ 150,000

Number of shares in entity held by entity or by its subsidiaries or associates | shares

10,300

10,300

Voting Rights

Each Series B preferred share has 25,000 votes, provided that no holder of Series B preferred shares may exercise voting rights pursuant to Series B preferred shares that would result in the aggregate voting power of the beneficial owner of any such holder of Series B preferred shares, together with its affiliates, exceeding 49.99% of the total number of votes eligible to be cast on any matter submitted to a vote of shareholders. Except as otherwise provided by applicable law, holders of the Company’s Series B preferred shares and the Company’s common shares vote together as a single class on all matters submitted to a vote of shareholders, including the election of directors. Athanasios Feidakis has substantial control and influence over the Company’s management and affairs and over matters requiring shareholder approval, including the election of directors and significant corporate transactions, through his ability to direct the vote of such Series B preferred shares

Each Series B preferred share has 25,000 votes, provided that no holder of Series B preferred shares may exercise voting rights pursuant to Series B preferred shares that would result in the aggregate voting power of the beneficial owner of any such holder of Series B preferred shares, together with its affiliates, exceeding 49.99% of the total number of votes eligible to be cast on any matter submitted to a vote of shareholders. Except as otherwise provided by applicable law, holders of the Company’s Series B preferred shares and the Company’s common shares vote together as a single class on all matters submitted to a vote of shareholders, including the election of directors. Athanasios Feidakis has substantial control and influence over the Company’s management and affairs and over matters requiring shareholder approval, including the election of directors and significant corporate transactions, through his ability to direct the vote of such Series B preferred shares

Chairman of the Board of Directors [member]

Disclosure of transactions between related parties [line items]

Proportion Of Ownership Interests Held By Controlling Party

3.70%

3.70%

3.70%

Firment Shipping Inc. [member]

Disclosure of transactions between related parties [line items]

Line Of Credit Facility Maximum Borrowing Capacity

$ 15,000,000

Description of borrowings

of financing its general working capital needs

Credit facility collateral description

The Firment Shipping Credit Facility was unsecured and remained available until its final maturity date

The Firment Shipping Credit Facility was unsecured and remained available until its final maturity date

Borrowings, maturity

October 31, 2021

Line Of Credit Facility Drawndown Amounts Multiples

$ 100,000

Borrowings, interest rate basis

7% per annum

Borrowings Default Interest Rate

2%

Debt instrument conversion price description

The conversion price should equal the higher of (i) the average of the daily dollar volume-weighted average sale price for the common stock on the principal market on any trading day during the period beginning at 9.30 a.m. New York City time and ending at 4.00 p.m. (“VWAP”) over the pricing period multiplied by 80%, where the “Pricing Period” equals the ten consecutive trading days immediately preceding the date on which the conversion notice was executed or, (ii) Two Hundred Eighty US Dollars ($280.00) (absolute amount)

The conversion price should equal the higher of (i) the average of the daily dollar volume-weighted average sale price for the common stock on the principal market on any trading day during the period beginning at 9.30 a.m. New York City time and ending at 4.00 p.m. (“VWAP”) over the pricing period multiplied by 80%, where the “Pricing Period” equals the ten consecutive trading days immediately preceding the date on which the conversion notice was executed or, (ii) Two Hundred Eighty US Dollars ($280.00) (absolute amount)

Gains on change in fair value of derivatives

220,000

189,000

Repayments of current borrowings

863,000

Firment Shipping Inc. [member] | Amended And Restated Agreement [member]

Disclosure of transactions between related parties [line items]

Line Of Credit Facility Maximum Borrowing Capacity

$ 14,200,000

Borrowings, maturity

October 31, 2021

Gains on change in fair value of derivatives

220,000

Repayments of current borrowings

$ 863,000

Interest expense

26,000

Eolos Shipmanagement S.A [member] | Daily rate [member]

Disclosure of transactions between related parties [line items]

Consulting Fees Expense

$ 1,000

Non-Executive Directors [member]

Disclosure of transactions between related parties [line items]

Annual Service Fee

$ 80,000

Accrued Directors Compensation

60,000

$ 105,000

Executive Director [member]

Disclosure of transactions between related parties [line items]

Accrued Directors Compensation

$ 2,088,000

985,000

Cyberonica S.A. [member]

Disclosure of transactions between related parties [line items]

Monthly Rental Expense

€ 26,000

$ 11,900

€ 10,360

Lease expiration date

Aug. 04, 2024

Aug. 04, 2024

Credit adjustment of finance cost

$ 40,000

39,000

Leases as lessee, related party transactions

$ 341,000

$ 242,000

$ 141,000

F.G. Europe [member]

Disclosure of transactions between related parties [line items]

Monthly Rental Expense | €

€ 26,000

Lease expiration date

Aug. 04, 2024

Aug. 04, 2024

Vessels, net - Consolidated Sta

Vessels, net - Consolidated Statement of Financial Position (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Balance beginning of period	$ 130,724
Impairment loss	0	$ 0	$ (4,615)
Balance ending of period	129,461	130,724
Carrying Amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance beginning of period	130,724	62,350	48,242
Additions/ (Dry Docking Component)	8,616	74,790	22,311
Impairment loss			(4,615)
Depreciation expense	(9,879)	(6,416)	(3,588)
Balance ending of period	129,461	130,724	62,350
Vessels [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance beginning of period	233,738	162,992	149,579
Additions/ (Dry Docking Component)	1,178	70,746	18,028
Impairment loss			(4,615)
Balance ending of period	234,916	233,738	162,992
Vessels [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance beginning of period	(107,776)	(104,111)	(101,858)
Depreciation expense	(5,233)	(3,665)	(2,253)
Balance ending of period	(113,009)	(107,776)	(104,111)
Dry docking [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance beginning of period	15,927	11,883	7,600
Additions/ (Dry Docking Component)	7,438	4,044	4,283
Balance ending of period	23,365	15,927	11,883
Dry docking [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance beginning of period	(11,165)	(8,414)	(7,079)
Depreciation expense	(4,646)	(2,751)	(1,335)
Balance ending of period	$ (15,811)	$ (11,165)	$ (8,414)

Vessels, net - Consolidated S_2

Vessels, net - Consolidated Statement of Comprehensive Income/ (loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [abstract]
Vessels depreciation	$ 5,233	$ 3,665	$ 2,253
Depreciation on office furniture and equipment	40	39	33
Depreciation of right of use asset (Note 18)	327	206	112
Total	$ 5,600	$ 3,910	$ 2,398

Vessels, net - Impairment loss

Vessels, net - Impairment loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss	$ 0	$ 0	$ (4,615)
m/v River Globe [member]
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss			(332)
m/v Sky Globe [member]
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss			(1,231)
m/v Star Globe [member]
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss			(460)
m/v Sun Globe [member]
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss			(2,013)
m/v Moon Globe [member]
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss			$ (579)

Vessels, net (Details Narrative

Vessels, net (Details Narrative)	2 Months Ended	3 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Feb. 18, 2021 USD ($)	Mar. 19, 2021 USD ($)	Sep. 22, 2021 USD ($)	Oct. 29, 2020 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Disclosure of detailed information about property, plant and equipment [line items]
Purchase price					$ 0	$ 71,600,000	$ 18,474,000
Weighted Average Cost Of Capital							4.06%
Time Period Considered					the Company used the historical ten-year blended average one-year time charter rates
Assumption Of Expected Rates Of Inflation					1%
Impairment loss recognised in profit or loss, property, plant and equipment					$ 0	$ 0	$ 4,615,000
Galaxy Globe [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessel year built				2015
Vessel type				Kamsarmax
Purchase price				$ 18,400,000
Vessel Capacity				81,167
Dry-docking cost capitalised				$ 500,000
Power Globe [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessel year built	2011
Vessel type	Kamsarmax
Purchase price	$ 16,200,000
Vessel Capacity	80,655
Vessel Delivery Date	Jul. 20, 2021
Diamond Globe [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessel year built		2018
Vessel type		Kamsarmax
Purchase price		$ 27,000,000
Vessel Capacity		82,027
Dry-docking cost capitalised		$ 600,000
Vessel Delivery Date		Jun. 09, 2021
Ballast water treatment system additions		$ 26,400,000
Orion Globe [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessel year built			2015
Vessel type			Kamsarmax
Purchase price			$ 28,400,000
Vessel Capacity			81,837
Dry-docking cost capitalised			$ 500,000
Vessel Delivery Date			Nov. 29, 2021
Ballast water treatment system additions			$ 27,900,000
Five Vessels [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Ballast water treatment system additions					$ 1,100,000
Supramax [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessel Capacity					50,000
Assumption Of Fleet Utilisation Rate					87%
Panamax [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessel Capacity					70,000
Assumption Of Fleet Utilisation Rate					90%

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Classes of current inventories [abstract]
Lubricants	$ 1,062	$ 765
Gas cylinders	133	87
Bunkers	1,833	0
Total	$ 3,028	$ 852

Trade accounts payable (Details

Trade accounts payable (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Trade and other payables [abstract]
Trade and other current payables	$ 3,548	$ 1,100

Accrued liabilities and other_3

Accrued liabilities and other payables (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Miscellaneous current liabilities [abstract]
Accrued Interest Swap Loss	$ 0	$ 30
Accrued audit fees	77	82
Other accruals	5,552	3,262
Insurance deductibles	104	64
Other payables	81	59
Total	$ 5,814	$ 3,497

Share Capital and Share Premi_3

Share Capital and Share Premium - Authorized share capital (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Par value per share		$ 0.004
Total value of shares authorised	$ 2,200	$ 2,200	$ 2,200
Common Shares [member]
IfrsStatementLineItems [Line Items]
Number of shares authorised	500,000,000	500,000,000	500,000,000
Par value per share	$ 0.004	$ 0.004	$ 0.004
Total value of shares authorised	$ 2,000	$ 2,000	$ 2,000
Class B Common Shares [member]
IfrsStatementLineItems [Line Items]
Number of shares authorised	100,000,000	100,000,000	100,000,000
Par value per share	$ 0.001	$ 0.001	$ 0.001
Total value of shares authorised	$ 100	$ 100	$ 100
Preferred shares [member]
IfrsStatementLineItems [Line Items]
Number of shares authorised	100,000,000	100,000,000	100,000,000
Par value per share	$ 0.001	$ 0.001	$ 0.001
Total value of shares authorised	$ 100	$ 100	$ 100

Share Capital and Share Premi_4

Share Capital and Share Premium - Common Shares issued and fully paid (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of classes of share capital [line items]
Balance beginning of period	$ 82
Balance ending of period	$ 82	$ 82
Ordinary shares [member]
Disclosure of classes of share capital [line items]
Balance beginning of period	20,582,301	3,040,123	52,235
Issued during the year for share-based compensation		12,178	2,812
Issuance of common stock due to conversion of loan			11,678
Issuance of new common stocks		14,905,000	2,942,848
Issuance of common stock due to exercise of pre-funded warrants		2,625,000	25,000
Issuance of common stock due to exercise of warrants			5,550
Balance ending of period	20,582,301	20,582,301	3,040,123
Issued capital [member]
Disclosure of classes of share capital [line items]
Balance beginning of period	$ 82	$ 12	$ 0
Issuance of new common stocks		60	12
Issuance of common stock due to exercise of pre-funded warrants		10
Balance ending of period	$ 82	$ 82	$ 12

Share Capital and Share Premi_5

Share Capital and Share Premium (Details Narrative)		1 Months Ended	2 Months Ended		4 Months Ended	5 Months Ended	6 Months Ended		7 Months Ended		9 Months Ended	11 Months Ended		12 Months Ended
	Jan. 13, 2021 USD ($) shares	Jan. 29, 2021 USD ($) $ / shares shares	Mar. 02, 2021 USD ($) $ / shares shares	Feb. 17, 2021 USD ($) $ / shares shares	Jun. 29, 2021 USD ($) $ / shares shares	Jun. 12, 2020 USD ($) $ / shares shares	Jun. 30, 2020 USD ($) $ / shares shares	Jun. 22, 2020 USD ($) $ / shares shares	Jul. 27, 2020 USD ($) $ / shares shares	Jul. 21, 2020 USD ($) $ / shares shares	Sep. 30, 2021 USD ($)	Dec. 10, 2020 USD ($) $ / shares shares	Dec. 09, 2020 $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares
Disclosure of classes of share capital [line items]
Voting Rights														Holders of the Company’s common shares and Class B common shares have equivalent economic rights, but holders of Company’s common shares are entitled to one vote per share and holders of the Company’s Class B common shares are entitled to twenty votes per share.
Increase in number of shares outstanding								342,857
Par value per share | $ / shares															$ 0.004
Borrowings | $														$ 44,325,000	$ 31,482,000
Exercise price of outstanding share options | $ / shares								$ 35
Proceeds From Warrant Exercises | $														0	25,000	$ 194,000
Proceeds from issuing shares | $														0	89,580,000	49,317,000
Share issue related cost | $															401,000	1,079,000
Share premium | $														$ 284,406,000	$ 284,406,000	$ 195,102,000
Convertible Note [member]
Disclosure of classes of share capital [line items]
Par value per share | $ / shares																$ 0.004
Borrowings | $																$ 1,168,000
Debt Instrument Convertible Conversion Price | $ / shares																$ 100
Number of shares issued																11,678
Maxim Group LLC [member]
Disclosure of classes of share capital [line items]
Increase in number of shares outstanding								51,393
Par value per share | $ / shares								$ 0.004
Exercise price of outstanding share options | $ / shares								$ 35
Option life, share options granted								5
Proceeds from exercise of options | $								$ 12,695,000
Maxim Group LLC [member] | 45-day option [member]
Disclosure of classes of share capital [line items]
Increase in number of shares outstanding								51,429
Par value per share | $ / shares								$ 0.004
Number Of Shares Called By Warrants								51,429
Institutional investors [member]
Disclosure of classes of share capital [line items]
Increase in number of shares outstanding		2,155,000		3,850,000	8,900,000								1,256,765
Par value per share | $ / shares		$ 0.004		$ 0.004	$ 0.004								$ 0.004
Proceeds from issuing shares | $		$ 15,108,000		$ 27,891,000	$ 46,581,000							$ 11,159,000
Share issue related cost | $		$ 120,000		$ 152,000	$ 129,000
Common Shares [member]
Disclosure of classes of share capital [line items]
Increase in number of shares outstanding															12,178	2,812
Par value per share | $ / shares														$ 0.004	$ 0.004	$ 0.004
Class B Common Shares [member]
Disclosure of classes of share capital [line items]
Par value per share | $ / shares														$ 0.001	$ 0.001	$ 0.001
Number of shares outstanding														0	0	0
Preferred shares [member]
Disclosure of classes of share capital [line items]
Par value per share | $ / shares														$ 0.001	$ 0.001	$ 0.001
Number of shares outstanding														0	0	0
Preferred shares [member] | Goldenmare Limited [member]
Disclosure of classes of share capital [line items]
Voting Rights														Each Series B preferred share has 25,000 votes, provided that no holder of Series B preferred shares may exercise voting rights pursuant to Series B preferred shares that would result in the aggregate voting power of the beneficial owner of any such holder of Series B preferred shares, together with its affiliates, exceeding 49.99% of the total number of votes eligible to be cast on any matter submitted to a vote of shareholders. Except as otherwise provided by applicable law, holders of the Company’s Series B preferred shares and the Company’s common shares vote together as a single class on all matters submitted to a vote of shareholders, including the election of directors. Athanasios Feidakis has substantial control and influence over the Company’s management and affairs and over matters requiring shareholder approval, including the election of directors and significant corporate transactions, through his ability to direct the vote of such Series B preferred shares
Increase in number of shares outstanding			10,000			50			250
Par value per share | $ / shares			$ 0.001			$ 0.001
Issue of preferred shares | $ | $			$ 130,000			$ 150,000			$ 150,000
Class B Preferred Shares [member] | Goldenmare Limited [member]
Disclosure of classes of share capital [line items]
Increase in number of shares outstanding			10,000			50			250
Par value per share | $ / shares			$ 0.001			$ 0.001			$ 0.001
Issue of preferred shares | $ | $			$ 130,000			$ 150,000			$ 150,000
Class A Warrants [member]
Disclosure of classes of share capital [line items]
Par value per share | $ / shares														$ 0.004	$ 0.004
Number Of Shares Called By Warrants														388,700	388,700
Increase Decrease In Number Of Ordinary Shares Issued Through Exercise Of Warrants Equity														5,550	5,550
Proceeds From Warrant Exercises | $														$ 194,000	$ 194,000
Number Of Warrants Outstanding														388,700	388,700
PP Warrants [member]
Disclosure of classes of share capital [line items]
Increase in number of shares outstanding							458,500			833,333
Par value per share | $ / shares							$ 0.004			$ 0.004
Exercise price of outstanding share options | $ / shares										$ 18
Number Of Shares Called By Warrants							458,500			833,333				1,291,833	1,291,833
Proceeds From Warrant Exercises | $							$ 11,513,000			$ 13,950,000
Number Of Warrants Outstanding														1,291,833	1,291,833
Purchase price of outstanding warrants | $ / shares							$ 27			$ 18
PP Warrants [member] | Top of range [member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options | $ / shares							30
PP Warrants [member] | Bottom of range [member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options | $ / shares							$ 18
Pre-funded warrants [member]
Disclosure of classes of share capital [line items]
Number Of Shares Called By Warrants																130,000
Proceeds from exercise of options | $	$ 1,000															$ 250
Increase Decrease In Number Of Ordinary Shares Issued Through Exercise Of Warrants Equity	130,000
Number Of Warrants Outstanding																130,000
Increase/Decrease in number of ordinary shares issued through exercise of pre funded warrants equity																25,000
Pre-funded warrants [member] | Institutional investors [member]
Disclosure of classes of share capital [line items]
Par value per share | $ / shares		$ 0.004		$ 0.004	$ 0.004							$ 0.004
Number Of Shares Called By Warrants		445,000		950,000	1,100,000							155,000
December Warrants [member]
Disclosure of classes of share capital [line items]
Number Of Shares Called By Warrants														1,270,587	1,270,587
December Warrants [member] | Institutional investors [member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options | $ / shares												$ 8.50
Number Of Shares Called By Warrants												1,270,587
January 2021 Warrants [member]
Disclosure of classes of share capital [line items]
Proceeds from exercise of options | $															$ 5,000
Number Of Warrants Outstanding														1,950,000	1,950,000
January 2021 Warrants [member] | Institutional investors [member]
Disclosure of classes of share capital [line items]
Par value per share | $ / shares		$ 0.004
Exercise price of outstanding share options | $ / shares		$ 6.25
Number Of Shares Called By Warrants		1,950,000
February 2021 Warrants [member]
Disclosure of classes of share capital [line items]
Proceeds from exercise of options | $															$ 10,000
Number Of Warrants Outstanding														4,800,000	4,800,000
February 2021 Warrants [member] | Institutional investors [member]
Disclosure of classes of share capital [line items]
Par value per share | $ / shares				$ 0.004
Exercise price of outstanding share options | $ / shares				$ 6.25
Number Of Shares Called By Warrants				4,800,000
June 2021 Warrants [member]
Disclosure of classes of share capital [line items]
Proceeds from exercise of options | $											$ 11,000
Number Of Warrants Outstanding														10,000,000	10,000,000
June 2021 Warrants [member] | Institutional investors [member]
Disclosure of classes of share capital [line items]
Par value per share | $ / shares					$ 0.004
Exercise price of outstanding share options | $ / shares					$ 5
Number Of Shares Called By Warrants					10,000,000

Earnings_(Loss) per Share (Deta

Earnings/(Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings per share [abstract]
Income/(Loss) attributable to common equity holders	$ 24,280	$ 14,950	$ (17,372)
Weighted average number of shares – basic and diluted	20,582,301	14,809,536	959,157
Net income/(loss) per common share – basic and diluted	$ 1.18	$ 1.01	$ (18.11)

Long-Term Debt, net - Consolida

Long-Term Debt, net - Consolidated statement of financial position (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about borrowings [line items]
Loan Balance	$ 44,375	$ 31,750
Unamortized Debt Discount	(541)	(447)
Accrued Interest	491	179
Total Borrowings	44,325	31,482
Loan Balance - Current Portion	(6,500)	(5,000)
Unamortized Debt Discount- Current Portion	188	135
Accrued Interest - Current Portion	(491)	(179)
Total Borrowings - Current Portion	(6,803)	(5,044)
Loan Balance - Long-Term Portion	37,875	26,750
Unamortized Debt Discount - Long-Term Portion	(353)	(312)
Total Borrowings - Long-Term Portion	37,522	$ 26,438
Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., Artful Shipholding S.A., Longevity Maritime Limited & Serena Maritime Limited [member]
Disclosure of detailed information about borrowings [line items]
Loan Balance	44,375
Unamortized Debt Discount	(541)
Accrued Interest	491
Total Borrowings	$ 44,325

Long-Term Debt, net - Annual lo

Long-Term Debt, net - Annual loan principal payments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about borrowings [line items]
Loan Balance	$ 44,375	$ 31,750
First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) [member]
Disclosure of detailed information about borrowings [line items]
Loan Balance	44,375	31,750
Later than one year and not later than two years [member] | First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) [member]
Disclosure of detailed information about borrowings [line items]
Loan Balance	6,500	5,000
Later than two years and not later than three years [member] | First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) [member]
Disclosure of detailed information about borrowings [line items]
Loan Balance	6,500	5,000
Later than three years and not later than four years [member] | First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) [member]
Disclosure of detailed information about borrowings [line items]
Loan Balance	6,500	5,000
Later than four years and not later than five years [member] | First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) [member]
Disclosure of detailed information about borrowings [line items]
Loan Balance	$ 24,875	5,000
Later than five years [member] | First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) [member]
Disclosure of detailed information about borrowings [line items]
Loan Balance		$ 11,750

Long-Term Debt, net (Details Na

Long-Term Debt, net (Details Narrative) - USD ($)	3 Months Ended	4 Months Ended	6 Months Ended	7 Months Ended		11 Months Ended	12 Months Ended
	Mar. 31, 2021	May 10, 2021	Jun. 30, 2019	Aug. 10, 2022	Jul. 27, 2020	Nov. 30, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Debt Instrument Prepayment Amount							$ 0	$ 35,507,000	$ 3,040,000
Gains (losses) on change in fair value of derivatives							2,520,000	181,000	(1,647,000)
Proceeds from borrowings, classified as financing activities							$ 18,000,000	$ 34,250,000	$ 0
Weighted average [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate							5.58%	5.69%
Firment Shipping Inc. [member]
Disclosure of detailed information about borrowings [line items]
Line Of Credit Facility Maximum Borrowing Capacity						$ 15,000,000
Description of borrowings						of financing its general working capital needs
Borrowings, interest rate basis						7% per annum
Borrowings, adjustment to interest rate basis						2%
Borrowings, maturity						October 31, 2021
Line Of Credit Facility Drawndown Amounts Multiples						$ 100,000
Borrowings, interest rate							7%		3.50%
Debt Instrument Convertible Conversion Multiplier						80%
Repayments of current borrowings					$ 863,000
Gains (losses) on change in fair value of derivatives					$ 220,000				$ 189,000
Firment Shipping Inc. [member] | Minimum [Member]
Disclosure of detailed information about borrowings [line items]
Proportion Of Ownership Interests Held By Controlling Party							40%
EnTrust loan facility [member]
Disclosure of detailed information about borrowings [line items]
Line Of Credit Facility Maximum Borrowing Capacity			$ 37,000,000
Description of borrowings			for the purpose of refinancing the existing indebtedness secured on the ships and for general corporate purposes.
Borrowings, interest rate basis			LIBOR plus a margin
Borrowings, adjustment to interest rate basis			8.50%
Borrowings Default Interest Rate			10.50%
Debt Instrument Prepayment Amount	$ 6,000,000
CIT Loan Facility [member]
Disclosure of detailed information about borrowings [line items]
Line Of Credit Facility Maximum Borrowing Capacity		$ 34,250,000
Description of borrowings		used a significant portion of the proceeds to fully repay the amounts outstanding under the loan agreement with EnTrust.
Borrowings, interest rate basis		LIBOR
Borrowings, adjustment to interest rate basis		3.75%
Borrowings Default Interest Rate		5.75%
Borrowings, maturity		May 2026
Percentage of coverage of borrowing capacity		52.50%
Proceeds from borrowings, classified as financing activities		$ 34,250,000
Borrowing costs incurred		$ 545,000
Number of loan tranches		6
Number of repayment installments		20
Borrowings Frequency Of Periodic Payment		quarterly
Periodic payment		$ 1,250,000
Borrowings Periodic Payment Terms Balloon Payment To Be Paid		$ 9,250,000
Debt Instrument Covenant Description		Each borrower must create a reserve fund in the reserve account to meet the anticipated dry docking and special survey fees and expenses for the relevant ship owned by it and (for certain ships) the installation of ballast water treatment system on the ship owned by it by maintaining in the reserve account a minimum credit balance that may not be withdrawn (other than for the purpose of covering the documented and incurred costs and expenses for the next special survey of that ship). Amounts must be paid into this reserve account quarterly, such that $1,200 is set aside by each borrower for its ship’s special survey, except for Serena Maritime Limited and Salaminia Maritime Limited, each of which are required to set aside quarterly payments that aggregate to $900.
CIT Loan Facility [member] | August 2022 Agreement [Member]
Disclosure of detailed information about borrowings [line items]
Line Of Credit Facility Maximum Borrowing Capacity				$ 52,250,000
Description of borrowings				for the purpose of financing vessel Orion Globe and for general corporate and working capital purposes of all the borrowers and Globus
Borrowings, interest rate basis				SOFR plus a margin
Borrowings, adjustment to interest rate basis				3.35%
Gains (losses) on change in fair value of derivatives							$ 163,000
Proceeds from borrowings, classified as financing activities				$ 18,000,000
Borrowing costs incurred				$ 259,000
CIT Loan Facility [member] | SWAP Agreement [member]
Disclosure of detailed information about borrowings [line items]
Percentage of upfront fee in loan agreement		1.25%
CIT Loan Facility [member] | SWAP Agreement [member] | Prepayment occurs on or before May 10, 2023 but after May 10, 2022 [member]
Disclosure of detailed information about borrowings [line items]
Percentage of upfront fee in loan agreement		1%
CIT Loan Facility [member] | SWAP Agreement [member] | Prepayment On Or Before August 2023 But After May2023 [Member]
Disclosure of detailed information about borrowings [line items]
Percentage of upfront fee in loan agreement		2%
CIT Loan Facility [member] | SWAP Agreement [member] | Prepayment On Or Before August 2024 But After August 2023 [Member]
Disclosure of detailed information about borrowings [line items]
Percentage of upfront fee in loan agreement		1%

Share Based Payment (Details)

Share Based Payment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share premium [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Stock issued during the year (value) - Share based compensation	$ 40	$ 40
Non-Executive Directors [member] | Share premium [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Stock issued during the year (value) - Share based compensation	$ 40	$ 40
Number of common shares [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Stock issued during the year (shares) - Share based compensation	12,178	2,812
Number of common shares [member] | Non-Executive Directors [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Stock issued during the year (shares) - Share based compensation	12,178	2,812

Voyage Expenses and Vessel Op_3

Voyage Expenses and Vessel Operating Expenses - Voyage expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Expenses by nature [abstract]
Commissions	$ 924	$ 626	$ 160
Bunkers expenses	3,876	0	2,117
Other voyage expenses	573	502	213
Total	$ 5,373	$ 1,128	$ 2,490

Voyage Expenses and Vessel Op_4

Voyage Expenses and Vessel Operating Expenses - Vessel operating expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Expenses by nature [abstract]
Crew wages and related costs	$ 8,952	$ 7,570	$ 4,865
Insurance	1,349	1,067	661
Spares, repairs and maintenance	3,935	2,414	1,574
Lubricants	924	555	434
Stores	2,340	1,712	787
Other	512	490	260
Total	$ 18,012	$ 13,808	$ 8,581

Administrative Expenses (Detail

Administrative Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Selling, general and administrative expense [abstract]
Personnel expenses	$ 1,454	$ 1,455	$ 1,013
Audit fees	204	215	143
Consulting fees	271	329	243
Communication	16	16	12
Stationery	3	6	3
Greek tax authorities (note 19)	292	185	130
Other	636	404	347
Total	$ 2,876	$ 2,610	$ 1,891

Interest Expense and Finance _3

Interest Expense and Finance Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest costs [abstract]
Interest payable on long-term borrowings	$ 2,047	$ 1,958	$ 3,721
Bank charges	60	59	69
Amortization of debt discount	165	547	293
Operating lease liability interest	54	52	44
Other finance expenses	34	646	28
Gain from termination of lease liability	(40)	0	0
Total	$ 2,320	$ 3,262	$ 4,155

Interest Expense and Finance _4

Interest Expense and Finance Costs (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Other finance cost	$ 34,000	$ 646,000	$ 28,000
EnTrust loan facility [member]
IfrsStatementLineItems [Line Items]
Other finance cost		$ 600,000

Dividends (Details Narrative)

Dividends (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Miscellaneous liabilities [abstract]
Dividends paid	$ 0	$ 0	$ 0

Commitments - Future minimum le

Commitments - Future minimum lease revenues receivable under non-cancellable operating leases (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of maturity analysis of operating lease payments [line items]
Total	$ 6,675	$ 6,082
Not later than one year [member]
Disclosure of maturity analysis of operating lease payments [line items]
Total	$ 6,675	$ 6,082

Commitments - Future minimum co

Commitments - Future minimum contractual obligations (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Calypso Shipholding S.A. [member]
IfrsStatementLineItems [Line Items]
2023	$ 11,100
2024	18,500
Total	29,600
Daxos Maritime Limited and Paralus Shipholding S.A. [member]
IfrsStatementLineItems [Line Items]
2023	0
2024	24,785
Total	24,785
Paralus Shipholding S.A. [member]
IfrsStatementLineItems [Line Items]
2023	0
2024	24,785
Total	$ 24,785

Commitments (Details Narrative)

Commitments (Details Narrative)	4 Months Ended		5 Months Ended	6 Months Ended	12 Months Ended
	May 13, 2022 USD ($)	Apr. 29, 2022 USD ($)	May 31, 2022 USD ($)	Nov. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation, right-of-use assets					$ 327,000	$ 206,000	$ 112,000
Interest expense on lease liabilities					54,000	52,000	44,000
Current lease liabilities					321,000	349,000
Non-current lease liabilities					188,000	556,000
Right-of-use assets					493,000	888,000
Payment of lease liability - principal and Interest Paid					341,000	314,000	229,000
Purchase price					0	71,600,000	18,474,000
Cash advances and loans made to other parties, classified as investing activities					$ 28,172,000	$ 0	$ 0
Calypso Shipholding S.A. [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessel type		bulk carrier
Vessel Capacity		64,000
Vessel Delivery Date		during the first half of 2024
Purchase price		$ 37,500,000
Cash advances and loans made to other parties, classified as investing activities			$ 7,400,000
Daxos Maritime Limited [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessel type	bulk carrier
Vessel Capacity	64,000
Vessel Delivery Date	during the third quarter of 2024
Paralus Shipholding S.A. [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessel type	bulk carrier
Vessel Capacity	64,000
Vessel Delivery Date	during the fourth quarter of 2024
Daxos Maritime Limited and Paralus Shipholding S.A. [member]
Disclosure of detailed information about property, plant and equipment [line items]
Purchase price	$ 70,300,000
Cash advances and loans made to other parties, classified as investing activities			$ 13,800,000	$ 6,900,000

Income Tax (Details Narrative)

Income Tax (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Tax expense other than income tax expense	$ 292	$ 185	$ 130

Financial risk management obj_3

Financial risk management objectives and policies - Interest rate risk (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Disclosure of detailed information about financial instruments [abstract]
Increase in Libor	15	15	15
Effect on loss (Increase in Libor)	$ (55)	$ (52)	$ (57)
Decrease in Libor/SOFR	(20)	(20)	(20)
Effect on loss (Decrease in Libor)	$ 73	$ 69	$ 75

Financial risk management obj_4

Financial risk management objectives and policies - Foreign currency risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of risk management strategy related to hedge accounting [line items]
Effect on loss (Increase in Euro exchange rate)	$ (55)	$ (52)	$ (57)
Effect on loss (Decrease in Euro exchange rate)	$ 73	$ 69	$ 75
Currency risk [member]
Disclosure of risk management strategy related to hedge accounting [line items]
Increase in Euro exchange rate	10%	10%	10%
Effect on loss (Increase in Euro exchange rate)	$ (573)	$ (478)	$ (258)
Decrease in Euro exchange rate	(10.00%)	(10.00%)	(10.00%)
Effect on loss (Decrease in Euro exchange rate)	$ 573	$ 478	$ 258

Financial risk management obj_5

Financial risk management objectives and policies - Concentration of credit risk table (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of credit risk exposure [line items]
Revenue	$ 61,390	$ 43,211	$ 11,753
Percentage of entity's revenue	100%	100%	100%
A [Member]
Disclosure of credit risk exposure [line items]
Revenue	$ 6,606	$ 0	$ 0
Percentage of entity's revenue	11%	0%	0%
B [Member]
Disclosure of credit risk exposure [line items]
Revenue	$ 6,548	$ 0	$ 0
Percentage of entity's revenue	11%	0%	0%
C [Member]
Disclosure of credit risk exposure [line items]
Revenue	$ 0	$ 7,726	$ 0
Percentage of entity's revenue	0%	18%	0%
D [Member]
Disclosure of credit risk exposure [line items]
Revenue	$ 0	$ 4,571	$ 0
Percentage of entity's revenue	0%	11%	0%
Other [Member]
Disclosure of credit risk exposure [line items]
Revenue	$ 48,236	$ 30,914	$ 11,753
Percentage of entity's revenue	78%	71%	100%

Financial risk management obj_6

Financial risk management objectives and policies - Liquidity risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial liabilities [line items]
Long-term debt	$ 53,577	$ 35,505
Lease liabilities	509	952
Accrued liabilities and other payables	5,814	3,497
Trade accounts payables	3,548	1,100
Current portion of fair value of derivative financial instruments	0	92
Total financial liabilities	63,448	41,146
Less than 3 months [member]
Disclosure of financial liabilities [line items]
Long-term debt	2,495	1,566
Lease liabilities	80	92
Accrued liabilities and other payables	5,814	3,497
Trade accounts payables	3,548	1,100
Current portion of fair value of derivative financial instruments		23
Total financial liabilities	11,937	6,278
3 to 12 months [member]
Disclosure of financial liabilities [line items]
Long-term debt	7,266	4,614
Lease liabilities	241	275
Accrued liabilities and other payables	0	0
Trade accounts payables	0	0
Current portion of fair value of derivative financial instruments		69
Total financial liabilities	7,507	4,958
1 to 5 years [member]
Disclosure of financial liabilities [line items]
Long-term debt	43,816	29,325
Lease liabilities	188	585
Accrued liabilities and other payables	0	0
Trade accounts payables	0	0
Current portion of fair value of derivative financial instruments		0
Total financial liabilities	44,004	29,910
More than 5 years [member]
Disclosure of financial liabilities [line items]
Long-term debt	0	0
Lease liabilities	0	0
Accrued liabilities and other payables	0	0
Trade accounts payables	0	0
Current portion of fair value of derivative financial instruments		0
Total financial liabilities	$ 0	$ 0

Fair values measurement (Detail

Fair values measurement (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of fair value measurement of assets [line items]
Non-current derivative financial assets	$ 1,315	$ 417
Current derivative financial assets	1,092	0
Long -term borrowings	44,375	31,750
Financial liabilities	63,448	41,146
Financial liabilities measured at fair value [member]
Disclosure of fair value measurement of assets [line items]
Non-current derivative financial liabilities		92
Financial liabilities, at fair value		92
At fair value [member] | Financial liabilities not measured at fair value [member]
Disclosure of fair value measurement of assets [line items]
Long -term borrowings	45,549	32,155
At fair value [member] | Financial liabilities measured at fair value [member]
Disclosure of fair value measurement of assets [line items]
Non-current derivative financial liabilities		92
At fair value [member] | Level 2 [member] | Financial liabilities not measured at fair value [member]
Disclosure of fair value measurement of assets [line items]
Long -term borrowings	45,549	32,155
At fair value [member] | Level 2 [member] | Financial liabilities measured at fair value [member]
Disclosure of fair value measurement of assets [line items]
Non-current derivative financial liabilities		92
Financial liabilities not measured at fair value [member]
Disclosure of fair value measurement of assets [line items]
Long -term borrowings	44,375	31,750
Financial liabilities	44,375	31,750
Financial assets measured at fair value [member]
Disclosure of fair value measurement of assets [line items]
Non-current derivative financial assets	1,315	417
Current derivative financial assets	1,092
Financial assets, at fair value	2,407	417
Financial assets measured at fair value [member] | At fair value [member]
Disclosure of fair value measurement of assets [line items]
Non-current derivative financial assets	1,315	417
Current derivative financial assets	1,092
Financial assets measured at fair value [member] | At fair value [member] | Level 2 [member]
Disclosure of fair value measurement of assets [line items]
Non-current derivative financial assets	1,315	$ 417
Current derivative financial assets	$ 1,092

Events after the reporting da_2

Events after the reporting date (Details Narrative)	2 Months Ended	3 Months Ended	12 Months Ended
	Mar. 06, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Disclosure of non-adjusting events after reporting period [line items]
Cash advances and loans made to other parties, classified as investing activities			$ 28,172,000	$ 0	$ 0
Sun Globe [Member]
Disclosure of non-adjusting events after reporting period [line items]
Vessel year built	2007
Vessel sale gross price	$ 14,100,000
Gains on disposals of investment properties	$ 4,500,000
Calypso Shipholding S.A. [member]
Disclosure of non-adjusting events after reporting period [line items]
Vessel type	bulk carrier
Vessel Capacity		64,000
Cash advances and loans made to other parties, classified as investing activities		$ 3,700,000