Globus Maritime Limited GLBS

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
39/100
Developing

About Globus Maritime Limited

Globus Maritime Limited operates as a dry bulk shipping company that provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of March 20, 2025, the company operated eight dry bulk vessels with a total carrying capacity of … Full GLBS analysis →

Competitive advantage assessment

Key strengths

  • Strong Liquidity Buffer Liquidity position is strong (score 0.81), providing operational cushion.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 28.1th percentile with high volatility suggests weak pricing power or commoditized products.
  • ROIC Below WACC or Peers ROIC at 35.5th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
39

Where GLBS ranks in Marine Shipping

Globus Maritime Limited ranks #23 of 34 scored companies in Marine Shipping by moat score — the top 68%. The widest moat in the group is Euroseas Ltd. (ESEA) at 86/100.

Moat scores for companies ranked near GLBS in Marine Shipping
# Company Moat score Rating
19 Seanergy Maritime Holdings Corp SHIP 52/100 Moderate
20 ZIM Integrated Shipping Service ZIM 47/100 Developing
21 Pangaea Logistics Solutions Ltd PANL 47/100 Developing
22 Star Bulk Carriers Corp. SBLK 44/100 Developing
23 Globus Maritime Limited GLBS 39/100 Developing
24 Uni-Fuels Holdings Limited UFG 39/100 Developing
25 C3is Inc. CISS 39/100 Developing
26 Genco Shipping & Trading Limite GNK 30/100 Developing
27 SEACOR Marine Holdings Inc. SMHI 30/100 Developing

See every General Corporate company ranked by moat score →

How GLBS scores on the Corporate Default defenses

Pricing Power

Score 39 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 43 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 32 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 36 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 53 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 31 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding GLBS's moat

What is Globus Maritime Limited's moat score?

Globus Maritime Limited (GLBS) scores 39 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #23 of 34 scored companies in Marine Shipping, the top 68%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Marine Shipping. Its strongest defense is Resilience (53/100) and its weakest is Scale & Market Position (31/100).

How does Globus Maritime Limited compare with other Marine Shipping companies?

Globus Maritime Limited ranks #23 of 34 scored companies in Marine Shipping by moat score. The widest moat in Marine Shipping is Euroseas Ltd. (ESEA) at 86/100. The companies ranked closest are Star Bulk Carriers Corp. (SBLK) at 44 just above it and Uni-Fuels Holdings Limited (UFG) at 39 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Marine Shipping. The defenses are then weighted to produce the overall score out of 100.

Why is Globus Maritime Limited scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Globus Maritime Limited?

The Corporate Default template measures 6 defenses, and GLBS scores: Pricing Power (39), Cost Advantage (43), Customer Stickiness (32), Capital Efficiency (36), Resilience (53), Scale & Market Position (31). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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