<SEC-DOCUMENT>0001144204-19-046274.txt : 20190927
<SEC-HEADER>0001144204-19-046274.hdr.sgml : 20190927
<ACCEPTANCE-DATETIME>20190927161727
ACCESSION NUMBER:		0001144204-19-046274
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		68
CONFORMED PERIOD OF REPORT:	20190630
FILED AS OF DATE:		20190927
DATE AS OF CHANGE:		20190927

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLOBUS MARITIME LTD
		CENTRAL INDEX KEY:			0001499780
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34985
		FILM NUMBER:		191122298

	BUSINESS ADDRESS:	
		STREET 1:		128 VOULIAGMENIS AVENUE 3RD FL
		STREET 2:		166 74 GLYFADA
		CITY:			ATHENS GREECE
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30 210 960 8300

	MAIL ADDRESS:	
		STREET 1:		128 VOULIAGMENIS AVENUE 3RD FL
		STREET 2:		166 74 GLYFADA
		CITY:			ATHENS GREECE
		STATE:			J3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tv530114_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month of: September 2019</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Globus Maritime Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s name
into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>128 Vouliagmenis Avenue, 3rd Floor, Glyfada,
Attica, Greece, 166 74</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; padding-right: 0.8pt"><FONT STYLE="font-size: 10pt">Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="width: 26%; padding-right: 0.8pt"><FONT STYLE="font-size: 10pt">Form 40-F</FONT>&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 20%; padding-right: 0.8pt"></TD>
    <TD STYLE="width: 24%"></TD>
    <TD STYLE="width: 10%; padding-right: 0.8pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):___</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; width: 12%; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Exhibit Number</B></FONT></TD>
<TD STYLE="vertical-align: top; width: 3%; text-align: justify">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; width: 85%; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Document</B></FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
<TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">99.1</TD>
<TD STYLE="text-align: justify">&nbsp;</TD>
<TD>Globus Maritime Limited Reports Financial Results for the Quarter and Six-Month Period Ended June 30, 2019</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center">&nbsp;</TD>
<TD STYLE="text-align: justify">&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">99.2</FONT></TD>
<TD STYLE="text-align: justify">&nbsp;</TD>
<TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Management&rsquo;s Discussion and Analysis of Financial Condition
and Results of Operations and unaudited interim condensed consolidated financial statements as of June 30, 2019 and for the six-month
periods ended June 30, 2019 and 2018</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED
BY REFERENCE INTO THE COMPANY&rsquo;S REGISTRATION STATEMENTS: (A) ON FORM F-3 (FILE NO. <A HREF="http://www.sec.gov/Archives/edgar/data/1499780/000114420418002435/tv481878_f3.htm">333-222580</A>) FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION ON JANUARY 17, 2018 AND DECLARED EFFECTIVE FEBRUARY 8, 2018; AND (B) ON FORM F-3 (FILE NO. <A HREF="http://www.sec.gov/Archives/edgar/data/1499780/000114420419019503/tv518734_f3.htm">333-230841</A>)
FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 12, 2019 AND DECLARED EFFECTIVE APRIL 19, 2019.</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B><BR>
GLOBUS MARITIME LIMITED</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><I>/s/ Athanasios Feidakis</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Athanasios Feidakis</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">President, Chief Executive Officer and Chief Financial Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: September 27, 2019</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tv530114_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="tv530114_img001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Globus Maritime Limited Reports Financial
Results for the Quarter and Six-Month Period </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ended June 30, 2019</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Glyfada, Greece, September 27, 2019,</B>
Globus Maritime Limited (&ldquo;Globus,&rdquo; the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; or &ldquo;our&rdquo;) (NASDAQ: GLBS),
a dry bulk shipping company, today reported its unaudited consolidated operating and financial results for the six-month period
ended June 30, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Financial Highlights</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Three months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Six months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>June 30,</B></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; white-space: nowrap">(Expressed in thousands of U.S dollars except for daily rates and per share data)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center; white-space: nowrap">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center; white-space: nowrap">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center; white-space: nowrap">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; font: 10pt Times New Roman, Times, Serif; text-align: left">Total revenues</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">3,399</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">4,194</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">6,942</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">8,132</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Adjusted EBITDA (1)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">110</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">894</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">485</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,282</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Total comprehensive loss</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(3,001</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(938</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(3,473</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,473</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Basic loss per share (2)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.74</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.29</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.95</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.77</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Daily Time charter equivalent rate (TCE) (3)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,985</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9,353</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">6,358</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,689</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Average operating expenses per vessel per day</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4,898</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,928</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4,767</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,837</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Average number of vessels</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.7pt; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FDFDFD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">(1)</TD><TD STYLE="text-align: justify">Adjusted EBITDA is a measure not in accordance with generally accepted accounting principles (&ldquo;GAAP&rdquo;).
See a later section of this press release for a reconciliation of EBITDA to total comprehensive loss and net cash (used in)/ generated
from operating activities, which are the most directly comparable financial measures calculated and presented in accordance with
the GAAP measures.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FDFDFD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">(2)</TD><TD STYLE="text-align: justify">The weighted average number of shares for the six-month period ended June 30, 2019 was 3,642,256
compared to 3,196,161 shares for the six-month period ended June 30, 2018. The weighted average number of shares for the three-month
period ended June 30, 2019 was 4,070,153 compared to 3,202,574 shares for the three-month period ended June 30, 2018.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FDFDFD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">(3)</TD><TD STYLE="text-align: justify">Daily Time charter equivalent rate (TCE) is a measure not in accordance with generally accepted
accounting principles (&ldquo;GAAP&rdquo;). See a later section of this press release for a reconciliation of Daily TCE to Voyage
revenues.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Current Fleet Profile</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of the date of this press release, Globus&rsquo;
subsidiaries own and operate five dry bulk carriers, consisting of four Supramax and one Panamax.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid"><B>Vessel</B></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid"><B>Year
    <BR>
    Built</B></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>&nbsp;</B></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><B>&nbsp;</B></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid"><B>Yard</B></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid"><B>Type</B></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>&nbsp;</B></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><B>&nbsp;</B></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid"><B>Month/Year<BR>
    Delivered</B></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid"><B>DWT</B></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>&nbsp;</B></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><B>&nbsp;</B></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid; border-right: Black 1pt solid"><B>Flag</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 14%; font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-left: Black 1pt solid; border-bottom: Black 1pt solid">Moon Globe</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">2005</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 14%; font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Hudong-Zhonghua</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="width: 11%; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Panamax</FONT></TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">June 2011</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="width: 11%; font: 10pt Times New Roman, Times, Serif; text-align: right; border-bottom: Black 1pt solid">74,432</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid">Marshall Is.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-left: Black 1pt solid; border-bottom: Black 1pt solid">Sun Globe</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">2007</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Tsuneishi Cebu</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supramax</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Sept 2011</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; border-bottom: Black 1pt solid">58,790</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid">Malta</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-left: Black 1pt solid; border-bottom: Black 1pt solid">River Globe</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">2007</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Yangzhou Dayang</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supramax</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Dec 2007</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; border-bottom: Black 1pt solid">53,627</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid">Marshall Is.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-left: Black 1pt solid; border-bottom: Black 1pt solid">Sky Globe</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">2009</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Taizhou Kouan</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supramax</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">May 2010</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; border-bottom: Black 1pt solid">56,855</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid">Marshall Is.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-left: Black 1pt solid; border-bottom: Black 1pt solid">Star Globe</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">2010</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">Taizhou Kouan</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supramax</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid">May 2010</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; border-bottom: Black 1pt solid">56,867</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid">Marshall Is.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Weighted&nbsp;Average Age: 11.3 Years as of June 30, 2019</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; border-bottom: Black 1pt solid">300,571</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Current Fleet Deployment</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All our vessels are currently operating
on short term time charters (&ldquo;on spot&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 82%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registered office: Trust Company Complex, Ajeltake Road, Ajeltake Island,</FONT></TD>
    <TD ROWSPAN="6" STYLE="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT><IMG SRC="tv530114_img002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">P.O. Box 1405, Majuro, Marshall Islands MH 96960</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Comminucations Address: c/o Globus Shipmanagement Corp.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">128 Vouliagmenis Avenue, 3<SUP>rd</SUP> Floor, 166 74 Glyfada, Greece</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tel:
    +30 210 9608300, Fax: +30 210 9608359, e-mail: <U>info@globusmaritime.gr</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>www.globusmaritime.gr</U></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Management Commentary</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><BR>
&ldquo;During the second quarter of the year the market was under severe pressure mainly due to the ongoing concerns in the trade
war and the ongoing iron ore supply disruptions. The pressure was increased further by the seasonal weakness in the quarter. Yet,
the Company managed by sheer effort to keep operational costs down without sacrificing the efficient operations and high utilization
of the fleet.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;As the second quarter was ending
the market started rising and reached high and healthy levels in the third quarter where we are currently in. We are elated that
charter rates occasionally reached multiyear highs. We expect the market to stay healthy for the remainder of 2019 and strengthen
even further as we move closer and into 2020, mainly because of ship supply disruptions caused by the new IMO 2020 regulation.
Whilst, as stated above we expect the market to continue improving, we do anticipate volatility as it moves to higher levels. However,
at this time, we are delighted to seize the moment and enjoy charter rates double and triple the rates in the previous quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;At present shipping companies are
faced with the option to install scrubbers or consume a &lsquo;cleaner&rsquo; grade of oil which contains lower sulfur contents.
In our view Scrubber installation for our vessel segment and size is not an option, this machinery is costly to install and operate,
and the uncertainties around it are many. The majority of Panamax and Supramax vessels will not be scrubber fitted in the immediate
future, the option left, to consume the cleaner grade of fuel will potentially lead to lower fleet speed and by extent higher charter
rates due to an increased fleet utilization.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;The Company while committed to a
reasonable and disciplined cost structure will continue to strive for high commercial and technical utilization and maintain its
focus on shareholder value.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Management Discussion and Analysis of the
Results of Operations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Recent Developments</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>New Convertible Note</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 13, 2019, the Company signed a
securities purchase agreement with a private investor and on March 13, 2019 issued, for gross proceeds of $5 million, a senior
convertible note (the &ldquo;Convertible Note&rdquo;) that is convertible into shares of the Company&rsquo;s common stock, par
value $0.004 per share. If not converted or redeemed beforehand pursuant to the terms of the Convertible Note, the Convertible
Note matures upon the anniversary of its issue. We have used part of the proceeds from the Convertible Note for general corporate
purposes and working capital including repayment of debt. The Convertible Note was issued in a transaction exempt from registration
under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further to the conversion clause included
into the Convertible Note, during July and September 2019, a total amount of approximately $428 thousand, principal and accrued
interest, was converted to share capital with the conversion price of $2.25 per share and a total number of 190,403 new shares
issued in the name of the holder of the Convertible Note. The Convertible Note provides that the &ldquo;Floor Price&rdquo; (as
defined in the Note), which is currently $2.25, may be reduced to not less than $1.00 by mutual agreement of the Company and the
holder of the Note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Convertible Note provides for interest
to accrue at 10% annually, which interest shall be paid on the first anniversary of the Convertible Note&rsquo;s issuance unless
the Convertible Note is converted or redeemed pursuant to its terms beforehand. The interest may be paid in common shares of the
Company, if certain conditions described within the Convertible Note are met.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As per the conversion clause included in
the Note, the Company has recognized it as a hybrid agreement which includes an embedded derivative. This embedded derivative was
separated to the derivative component and the non-derivative host. The derivative component is shown separately from the non-derivative
host at fair value. The changes in the fair value of the derivative financial instrument are recognized in the consolidated statement
of comprehensive loss. For the period ended June 30, 2019, the Company recognized a gain on this derivative financial instrument
amounting to $1.4 million, which was classified under &ldquo;Gain on derivative financial instruments&rdquo; in the consolidated
statement of comprehensive loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon any future stock dividend, stock split,
reverse stock split or similar transaction, the Floor Price will not be adjusted, and the Floor Price following such transaction
will be equal to the Floor Price immediately prior to such transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The terms of the Note provide that the
Note may be required at the option of the holder to be redeemed by the Company in cash, in whole or in part, at any time following
any consecutive period of ten trading days during each of which the volume-weighted average price of the Company's common shares
is less than the Floor Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Conversion of Debt and Issuance of Shares</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May 2, 2019, Globus announced that,
in accordance with the terms and provisions of the revolving credit facility, dated November 21, 2018, between the Company and
Firment Shipping Inc., an entity deemed as an affiliated party through common control, the Company has elected to convert the aggregate
outstanding principal balance and accrued interest of $3,170,136 into 1,132,191 shares of common stock of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Loan Refinancing</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In June 2019, Globus through its wholly
owned subsidiaries, Devocean Maritime Ltd., Domina Maritime Ltd., Dulac Maritime S.A., Artful Shipholding S.A. and Longevity Maritime
Limited, 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 million with EnTrust Global&rsquo;s Blue Ocean Fund for the purpose of refinancing
the existing indebtedness secured on the ships and for general corporate purposes. Globus subsidiaries, namely Devocean Maritime
Ltd., Domina Maritime Ltd., Dulac Maritime S.A., Artful Shipholding S.A. and Longevity Maritime Limited, are identified as the
borrowers under the loan facility which is guaranteed by Globus, and which contains a standard security package including mortgages
on all of our ships, pledges of bank accounts, charter assignments, shares pledges respecting each borrower, and a general assignment
over each ship&rsquo;s earnings, insurances and any requisition compensation in relation to that ship. This loan facility will
be referred as EnTrust loan facility. On June 24, 2019, the Company drew down $37 million and fully prepaid the existing loan facilities
with Hamburg Commercial Bank AG (formerly known as HSH Nordbank AG) and Macquarie Bank International Limited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">The EnTrust
loan facility bears interest at LIBOR plus a margin of 8.5% (or 10.5% default interest), and is repayable by five consecutive quarterly
installments commencing on December 31, 2019 each in the amount of the earnings of the ships after deducing interest on the EnTrust
loan facility, operating expenses and reserves for drydocking, then by six consecutive quarterly installments commencing on March
31, 2021 each in the amount of $1,492,622, and by a final installment on June 30, 2022 in the amount of $1,492,622 together with
the remaining principal amount as a balloon payment. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">The Company
must maintain a credit balance of not less than $250,000 for each mortgaged ship. Globus must maintain, on a consolidated basis,
at the end of each calendar quarter, liquid funds in an amount, in aggregate, of not less than 5% of the consolidated financial
indebtedness of the group. Each borrower must maintain in its earnings account during the cash sweep period an amount equal to
the product of (a) the lower of: (i) $1,000; and (ii) the difference between the daily time charter equivalent rate of the ship
owned by that borrower, and the break-even expenses of that ship for that cash sweep period; and (b) the actual number of days
lapsed during that cash sweep period for that borrower. Each borrower is prohibited from declaring or paying dividends, or from
repaying the EnTrust loan facility, until December 25, 2020. The EnTrust loan facility contains standard loan covenants, including
loan to value covenants.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Results of Operations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Second quarter of the year 2019 compared
to the second quarter of the year 2018</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">Total comprehensive
loss for the second quarter of the year 2019 amounted to $3 million or $0.74 basic and diluted loss per share based on 4,070,153
weighted average number of shares, compared to total comprehensive loss of $0.9 million for the same period last year or $0.29
basic and diluted loss per share based on 3,202,574 weighted average number of shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">The following
table corresponds to the breakdown of the factors that led to the decrease in total comprehensive loss during the second quarter
of 2019 compared to the second quarter of 2018 (expressed in $000&rsquo;s):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: #FDFDFD"><B>2<SUP>nd</SUP>
Quarter of 2019 vs 2<SUP>nd</SUP> Quarter of 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: #FDFDFD">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 70%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net loss for the 2<SUP>nd</SUP> quarter of 2018</B></FONT></TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(938</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Decrease in voyage revenues</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(795</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Voyage expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(484</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Decrease in Vessels operating expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">468</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Depreciation</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(62</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Depreciation of dry docking costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(175</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Total administrative expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(11</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Other income, net</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">40</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Interest income</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Interest expense and finance costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,032</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Gain on derivative financial instruments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">148</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Decrease in Foreign exchange losses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(169</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net loss for the 2<SUP>nd</SUP> quarter of 2019</B></FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(3,001</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Voyage
revenues</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">During the three-month
period ended June 30, 2019 and 2018, our Voyage revenues reached $3.4 million and $4.2 million respectively. The 19% decrease in
Voyage revenues was mainly attributed to the decrease in the average time charter rates achieved by our vessels during the second
quarter of 2019 compared to the same period in 2018. Daily Time Charter Equivalent rate (TCE) for the second quarter of 2019 was
$5,985 per vessel per day against $9,353 per vessel per day during the same period in 2018 corresponding to a decrease of 36%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Voyage
expenses </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Voyage expenses reached $0.7 million during
the second quarter of 2019 compared to $0.2 during the same period in 2018. Voyage expenses include commissions on revenues, port
and other voyage expenses and bunker expenses. Bunker expenses mainly refer to the cost of bunkers consumed during periods that
our vessels are travelling seeking employment. Voyage expenses for the second quarter of 2019 and 2018 are analyzed as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">In $000&rsquo;s</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font: 10pt Times New Roman, Times, Serif; text-align: left">Commissions</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">47</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">71</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Bunkers expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">552</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">45</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other voyage expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">76</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">75</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">675</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">191</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Vessel
operating expenses</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Vessel operating expenses, which include
crew costs, provisions, deck and engine stores, lubricating oils, insurance, maintenance, and repairs, decreased by $0.5 million
or 19% to $2.2 million during the three-month period ended June 30, 2019 compared to $2.7 million during the same period in 2018.
The breakdown of our operating expenses for the quarters ended June 30, 2019 and 2018 was as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font: 10pt Times New Roman, Times, Serif; text-align: left">Crew expenses</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">54</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">44</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Repairs and spares</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">21</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">35</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Insurance</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Stores</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Lubricants</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Other</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">Average daily
operating expenses during the three month periods ended June 30, 2019 and 2018 were $4,898 per vessel per day and $5,928 per vessel
per day respectively, corresponding to a decrease of 17%, a return to a more normal rate, as last year was unusually high.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Depreciation of dry docking costs</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">Depreciation
charge of dry docking costs during the second quarter of 2019 reached $0.5 million compared to $0.3 million during the same period
in 2018. This is due to the increased cost of dry dockings that 3 of our vessels underwent during 2018 and subsequently resulted
to a higher depreciation charge in the second quarter of 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Interest expense and finance costs</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest expense and finance costs reached
$1.6 million for the second quarter of 2018 compared to $0.5 million for the same period of 2018. Interest expense and finance
costs for the second quarter of 2019 and 2018 are analyzed as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">In $000&rsquo;s</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font: 10pt Times New Roman, Times, Serif; text-align: left">Interest payable on long-term borrowings</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">722</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">508</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Bank charges</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">6</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Operating lease liability interest</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Amortization of debt discount</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">221</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">18</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other finance expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">592</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,567</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">535</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This increase is mainly due to the refinance
of the outstanding debt which is discussed further in a previous section of this Press Release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>First half of the year 2019 compared
to the first half of the year 2018</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">Total comprehensive
loss for the first half of the year 2019 amounted to $3.5 million or $0.95 basic and diluted loss per share based on 3,642,256
weighted average number of shares, compared to total comprehensive loss of $2.5 million for the same period last year or $0.77
basic and diluted loss per share based on 3,196,161 weighted average number of shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">The following
table corresponds to the breakdown of the factors that led to the decrease in total comprehensive loss during the first half of
2019 compared to the first half of 2018 (expressed in $000&rsquo;s):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: #FDFDFD"><B>1<SUP>st</SUP>
half of 2019 vs 1<SUP>st</SUP> half of 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: #FDFDFD">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 75%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net loss for the 1<SUP>st</SUP> half of 2018</B></FONT></TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,473</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Decrease in voyage revenues</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,190</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Voyage expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(577</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Decrease in Vessels operating expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">968</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Depreciation</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(67</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Depreciation of dry docking costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(416</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Total administrative expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(72</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Other income, net</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">74</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Interest income</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Interest expense and finance costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,251</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Increase in Gain on derivative financial instruments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,572</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Decrease in Foreign exchange gains</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(50</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net loss for the 1<SUP>st</SUP> half of 2019</B></FONT></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(3,473</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Voyage
revenues</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">During the six-month
period ended June 30, 2019 and 2018, our Voyage revenues reached $6.9 million and $8.1 million respectively. The 15% decrease in
Voyage revenues was mainly attributed to the decrease in the average time charter rates achieved by our vessels during the first
half of 2019 compared to the same period in 2018. Daily Time Charter Equivalent rate (TCE) for the first half of 2019 was $6,358
per vessel per day against $8,689 per vessel per day during the same period in 2018 corresponding to a decrease of 27%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Voyage
expenses </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Voyage expenses reached $1.2 million during
the first half of 2019 compared to $0.6 million during the same period last year. Voyage expenses include commissions on revenues,
port and other voyage expenses and bunker expenses. Bunker expenses mainly refer to the cost of bunkers consumed during periods
that our vessels are travelling seeking employment. Voyage expenses for the first half of 2019 and 2018 are analyzed as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">In $000&rsquo;s</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font: 10pt Times New Roman, Times, Serif; text-align: left">Commissions</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">93</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">130</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Bunkers expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">965</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">322</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other voyage expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">129</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">158</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,187</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">610</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Vessel
operating expenses</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Vessel operating expenses, which include
crew costs, provisions, deck and engine stores, lubricating oils, insurance, maintenance, and repairs, reached $4.3 million during
the first half of 2019 compared to $5.3 million during the first half of 2018. The breakdown of our operating expenses for the
six-month period ended June 30, 2019 and 2018 was as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font: 10pt Times New Roman, Times, Serif; text-align: left">Crew expenses</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">55</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">46</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Repairs and spares</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">19</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">30</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Insurance</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Stores</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">10</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Lubricants</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Other</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">Average daily
operating expenses during the six-month periods ended June 30, 2019 and 2018 were $4,767 per vessel per day and $5,837 per vessel
per day respectively, corresponding to a decrease of 18%, a return to a more normal rate, as last year was unusually high.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Depreciation of dry docking costs</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">Depreciation
charge of dry docking costs during the first half of 2019 reached $0.9 million compared to $0.5 million during the same period
in 2018. This is due to the increased cost of dry dockings that 3 of our vessels underwent during 2018 and subsequently resulted
to a higher depreciation charge in the first half of 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Interest expense and finance costs</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest expense and finance costs reached
$2.3 million during the first half of 2019 compared to $1 million in 2018. Interest expense and finance costs for the first half
of 2019 and 2018 are analyzed as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">In $000&rsquo;s</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>2019</B></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font: 10pt Times New Roman, Times, Serif; text-align: left">Interest payable on long-term borrowings</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">1,343</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: right">971</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Bank charges</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">15</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Operating lease liability interest</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Amortization of debt discount</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">250</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">38</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other finance expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">645</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,278</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,027</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This increase is mainly due to the refinance
of the outstanding debt which is discussed further in a previous section of this document. Other finance expenses for the first
half 2019 include approximately $0.6 million that was the loan prepayment fee and expenses related to the prepayment of Macquarie
Loan Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Gain on derivative financial instruments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The gain on the derivative financial instruments
is mainly attributed to the valuation of the &ldquo;Convertible Note&rdquo;. As per the conversion clause included in this agreement,
the Company has recognized it as a hybrid instrument which includes an embedded derivative. This embedded derivative was separated
to the derivative component and the non-derivative host. The derivative component is shown separately from the non-derivative host
at fair value. The changes in the fair value of the derivative financial instrument are recognized in the consolidated statement
of comprehensive loss. As of June 30, 2019 the Company recognized a gain on this derivative financial instrument amounting to $1.4
million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Liquidity and capital resources</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June 30, 2019 and 2018, our cash
and bank balances and bank deposits (including restricted cash) were $4.9 and $1.6 million respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Net cash used in operating activities
for the three month period ended June 30, 2019</B> was $0.7 million compared to net cash generated from operating activities of
$1.1 million during the respective period in 2018. The decrease in our cash from operations was mainly attributed to the decrease
in our adjusted EBITDA from $0.9 million during the second quarter of 2018 to approximately $0.1 million during the three month
period under consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Net cash used in operating activities
for the six-month period ended June 30, 2019</B> was $1.8 million compared to net cash generated from operating activities of $1.2
million during the respective period in 2018. The decrease in our cash from operations was mainly attributed to the decrease in
our adjusted EBITDA from $1.3 million during the first half of 2018 to $0.5 million during the six month period under consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Net cash generated from/(used in) financing
activities</B> during the three-month and six-month period ended June 30, 2019 and 2018 were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Three months ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Six months ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">In $000&rsquo;s</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; font: 10pt Times New Roman, Times, Serif; text-align: left">Proceeds from loans</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">37,800</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">43,700</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Proceeds from issuance of share capital</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">600</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Prepayment of long term debt</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(33,833</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,550</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(33,833</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,244</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Repayment of long term debt</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(694</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,830</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Restricted cash</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(659</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(140</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(809</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">210</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Payment of financing costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(880</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(880</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Repayment of lease liability</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(30</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(30</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Interest paid</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,253</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(392</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,833</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(920</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Net cash generated from/(used in) financing activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">451</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,082</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,485</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,354</TD><TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June 30, 2019 and 2018 we and our
vessel-owning subsidiaries had outstanding borrowings under our Loan agreements of an aggregate of $37.7 million and of $39.4 million
respectively gross of unamortized debt discount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>SELECTED CONSOLIDATED
FINANCIAL &amp; OPERATING DATA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Three months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Six months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>June 30,</B></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">(in thousands of U.S. dollars, except per share data)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Consolidated statement of comprehensive loss data:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 48%; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Voyage revenues</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3,399</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,194</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6,942</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">8,132</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total Revenues</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,399</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,194</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">6,942</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">8,132</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Voyage expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(675</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(191</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,187</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(610</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Vessel operating expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,229</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,697</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(4,314</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(5,282</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Depreciation</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,209</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,147</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,348</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,281</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Depreciation of dry docking costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(456</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(281</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(910</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(494</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Administrative expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(364</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(279</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(827</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(676</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Administrative expenses payable to related parties</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(60</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(132</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(188</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(267</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Share-based payments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(10</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(10</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(20</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(20</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Other income, net</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">49</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">9</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">79</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Operating loss before financing activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,555</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(534</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,773</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,493</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Interest income</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Interest expense and finance costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,566</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(535</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,278</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,027</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Gain on derivative financial instruments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">148</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,572</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Foreign exchange (losses)/gains, net</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(37</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">131</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">47</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total finance costs, net</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,446</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(404</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(700</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(980</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Total comprehensive loss for the period</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(3,001</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(938</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(3,473</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,473</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic &amp; diluted loss per share for the period <I>(1)</I></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.74</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.29</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.95</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(0.77</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Adjusted EBITDA <I>(2)</I></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">110</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">894</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">485</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,282</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><I>(1)</I> The
weighted average number of shares for the six-month period ended June 30, 2019 was 3,642,256 compared to 3,196,161 shares for the
six-month period ended June 30, 2018. The weighted average number of shares for the three-month period ended June 30, 2019 was
4,070,153 compared to 3,202,574 shares for the three-month period ended June 30, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>(2)</I> Adjusted EBITDA represents net
earnings before interest and finance costs net, gains or losses from the change in fair value of derivative financial instruments,
foreign exchange gains or losses, income taxes, depreciation, depreciation of dry-docking costs, amortization of fair value of
time charter acquired, impairment and gains or losses on sale of vessels. Adjusted EBITDA does not represent and should not be
considered as an alternative to total comprehensive income/(loss) or cash generated from operations, as determined by IFRS, and
our calculation of Adjusted EBITDA may not be comparable to that reported by other companies. Adjusted EBITDA is not a recognized
measurement under IFRS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Adjusted EBITDA is included herein because
it is a basis upon which we assess our financial performance and because we believe that it presents useful information to investors
regarding a company&rsquo;s ability to service and/or incur indebtedness, and it is frequently used by securities analysts, investors
and other interested parties in the evaluation of companies in our industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Adjusted EBITDA has limitations as an analytical
tool, and you should not consider it in isolation, or as a substitute for analysis of our results as reported under IFRS. Some
of these limitations are:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Adjusted EBITDA does not reflect our cash
expenditures or future requirements for capital expenditures or contractual commitments;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Adjusted EBITDA does not reflect the interest
expense or the cash requirements necessary to service interest or principal payments on our debt;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Adjusted EBITDA does not reflect changes
in or cash requirements for our working capital needs; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Other companies in our industry may calculate
Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Because of these limitations, Adjusted
EBITDA should not be considered a measure of discretionary cash available to us to invest in the growth of our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>The following table sets forth a
reconciliation of Adjusted EBITDA to total comprehensive (loss) and net cash (used in)/ generated from operating activities for
the periods presented:</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Three months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Six months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>June 30,</B></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">(Expressed in thousands of U.S. dollars)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">Total comprehensive loss for the period</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(3,001</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(938</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(3,473</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(2,473</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Interest and finance costs, net</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,566</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">535</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,278</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,027</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Interest income</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Gain on derivative financial instruments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(80</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(1,572</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Foreign exchange losses/(gains) net,</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">37</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(131</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(47</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Depreciation</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,209</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,147</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,348</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,281</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Depreciation of dry docking costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">456</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">281</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">910</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">494</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Adjusted EBITDA</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">110</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">894</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">485</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,282</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Share-based payments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">10</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">10</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">30</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Payment of deferred dry docking costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(128</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(170</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(481</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(290</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Net decrease/(increase) in operating assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">234</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">207</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(901</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(612</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Net (decrease)/increase in operating liabilities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(854</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">180</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(873</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">831</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Provision for staff retirement indemnities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(64</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(63</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Foreign exchange (losses)/gains net, not attributed to cash &amp; cash equivalents</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">7</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(14</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Net cash (used in)/generated from operating activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(695</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,129</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(1,818</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,229</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Three months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Six months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">June 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>June 30,</B></TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">(Expressed in thousands of U.S. dollars)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Statement of cash flow data:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 48%; font: 10pt Times New Roman, Times, Serif; text-align: left">Net cash (used in)/generated from operating activities</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(695</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">1,129</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,818</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">1,229</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Net cash used in investing activities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(16</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(43</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Net cash generated from/(used in) financing activities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">451</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,082</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4,485</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(2,354</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; white-space: nowrap">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">As of June<BR>
 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center; white-space: nowrap">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">As of December <BR>
31,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; border-bottom: Black 1pt solid">(Expressed in thousands of U.S. Dollars)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Consolidated condensed statement of financial position:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; text-align: justify">Vessels, net</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">80,565</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">83,750</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Other non-current assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,990</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">130</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Total non-current assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">82,555</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">83,880</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Cash and bank balances and bank deposits</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,709</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">46</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Other current assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3,208</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,748</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Total current assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">5,917</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,794</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Total assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">88,472</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">86,674</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Total equity</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">40,733</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">41,050</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Total debt net of unamortized debt discount</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">37,681</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">36,868</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Other liabilities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">10,058</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,756</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Total liabilities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">47,739</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">45,624</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify">Total equity and liabilities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">88,472</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">86,674</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><B>Consolidated statement of changes in equity:</B></TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Issued share</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Share</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">(Accumulated</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Total</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; border-bottom: Black 1pt solid">(Expressed in thousands of U.S. Dollars)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Capital</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Premium</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Deficit)</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Equity</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; font: bold 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">As at December 31, 2018</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">13</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">140,334</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(99,297</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">41,050</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Loss for the period</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(3,473</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(3,473</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Issuance of common stock due to conversion of loan</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3,132</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3,136</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Share-based payments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">20</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">20</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">As at June 30, 2019</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">17</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">143,486</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">(102,770</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right">40,733</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Three months ended <BR>
June 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Six months ended <BR>
June 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; font: 10pt Times New Roman, Times, Serif; text-align: justify">Ownership days (1)</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">455</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">455</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">905</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">905</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Available days (2)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">455</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">428</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">905</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">866</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Operating days (3)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">438</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">417</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">887</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">847</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Fleet utilization (4)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">96.4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">97.6</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">98</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">97.8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Average number of vessels (5)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Daily time charter equivalent (TCE) rate (6)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,985</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9,353</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">6,358</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,689</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Daily operating expenses (7)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4,898</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,928</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4,767</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,837</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Ownership days are the aggregate number of days in a period during which each vessel in our fleet
has been owned by us.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Available days are the number of ownership days less the aggregate number of days that our vessels
are off-hire due to scheduled repairs or repairs under guarantee, vessel upgrades or special surveys.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Operating days are the number of available days less the aggregate number of days that the vessels
are off-hire due to any reason, including unforeseen circumstances but excluding days during which vessels are seeking employment.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">We calculate fleet utilization by dividing the number of operating days during a period by the
number of available days during the period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify">Average number of vessels is measured by the sum of the number of days each vessel was part of
our fleet during a relevant period divided by the number of calendar days in such period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD STYLE="text-align: justify">TCE rates are our voyage revenues less net revenues from our bareboat charters less voyage expenses
during a period divided by the number of our available days during the period excluding bareboat charter days, which is consistent
with industry standards. TCE is a measure not in accordance with GAAP.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD STYLE="text-align: justify">We calculate daily vessel operating expenses by dividing vessel operating expenses by ownership
days for the relevant time period&nbsp;excluding bareboat charter days.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Voyage Revenues to Daily Time Charter
Equivalent (&ldquo;TCE&rdquo;) Reconciliation</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Three months ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Six months ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; font: 10pt Times New Roman, Times, Serif; text-align: left">Voyage revenues</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">3,399</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">4,194</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">6,942</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">8,132</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Less: Voyage expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">675</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">191</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,187</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">610</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Net revenues</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">2,724</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,003</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">5,755</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">7,522</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Available days net of bareboat charter days</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">455</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">428</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">905</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">866</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Daily TCE rate <I>(1)</I></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">5,985</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">9,353</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">6,358</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,689</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.5pt; text-align: justify; text-indent: -24.5pt"><I>(1)
Subject to rounding.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Globus Maritime Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Globus is an integrated dry bulk shipping
company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of five dry bulk
vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus&rsquo;
subsidiaries own and operate five vessels with a total carrying capacity of 300,571 Dwt and a weighted average age of 11.3 years
as of June 30, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Safe Harbor Statement</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This communication contains &ldquo;forward-looking
statements&rdquo; as defined under U.S. federal securities laws. Forward-looking statements provide the Company&rsquo;s current
expectations or forecasts of future events. Forward-looking statements include statements about the Company&rsquo;s expectations,
beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present
facts or conditions. Words or phrases such as &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;continue,&rdquo; &ldquo;estimate,&rdquo;
&ldquo;expect,&rdquo; &ldquo;intend,&rdquo; &ldquo;may,&rdquo; &ldquo;ongoing,&rdquo; &ldquo;plan,&rdquo; &ldquo;potential,&rdquo;
&ldquo;predict,&rdquo; &ldquo;project,&rdquo; &ldquo;will&rdquo; or similar words or phrases, or the negatives of those words or
phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is
not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially
inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking
statements. The Company&rsquo;s actual results could differ materially from those anticipated in forward-looking statements for
many reasons specifically as described in the Company&rsquo;s filings with the Securities and Exchange Commission. Accordingly,
you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Globus undertakes
no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this communication
or to reflect the occurrence of unanticipated events. You should, however, review the factors and risks Globus describes in the
reports it will file from time to time with the Securities and Exchange Commission after the date of this communication.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>For further information please contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 30%">Globus Maritime Limited</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 68%">+30 210 960 8300</TD>
</TR>                                                                                                                                                           <TR STYLE="vertical-align: top; text-align: justify">
<TD>Athanasios Feidakis, CEO</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify"><U>a.g.feidakis@globusmaritime.gr</U></TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>Capital Link &ndash; New York</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">+1 212 661
7566</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD>Nicolas Bornozis</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify"><U>globus@capitallink.com</U></TD></TR>
</TABLE>

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<TYPE>EX-99.2
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<FILENAME>tv530114_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin-top: 0; text-align: right; margin-bottom: 0"><B>Exhibit 99.2</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><IMG SRC="tv530114_img01.jpg" ALT="" STYLE="height: 40.5pt; width: 194.25pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GLOBUS MARITIME LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MANAGEMENT&rsquo;S&nbsp;DISCUSSION&nbsp;AND&nbsp;ANALYSIS&nbsp;OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FINANCIAL&nbsp;CONDITION&nbsp;AND&nbsp;RESULTS&nbsp;OF&nbsp;OPERATIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following is a discussion of our financial
condition and results of operations for the six-month periods ended June 30, 2019 and 2018. Unless otherwise specified herein,
references to the &ldquo;Company&rdquo;, &ldquo;we&rdquo; or &ldquo;our&rdquo; shall include Globus Maritime Limited (NASDAQ: GLBS)
and its subsidiaries. You should read the following discussion and analysis together with our unaudited interim consolidated financial
statements as of June 30, 2019 and for the six-month periods ended June 30, 2019 and 2018, and the accompanying notes thereto,
included elsewhere in this report. For the additional information relating to our management&rsquo;s discussion and analysis of
the financial condition and results of operations, please see our Annual Report on Form of 20-F for the year ended December 31,
2018 filed with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) on March 28, 2019 (the &ldquo;Annual Report&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our disclosure and analysis herein pertaining
to our operations, cash flows and financial position, including, in particular, the likelihood of our success in developing and
expanding our business and making acquisitions, includes forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions,
or that include words such as &ldquo;expects,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;intends,&rdquo; &ldquo;plans,&rdquo; &ldquo;believes,&rdquo;
&ldquo;estimates,&rdquo; &ldquo;projects,&rdquo; &ldquo;forecasts,&rdquo; &ldquo;may,&rdquo; &ldquo;should&rdquo; and similar expressions
are forward-looking statements. All statements herein that are not statements of either historical or current facts are forward-looking
statements. Forward-looking statements include, but are not limited to, such matters as our future operating or financial results,
global and regional economic and political conditions, including piracy, pending vessel acquisitions, our business strategy and
expected capital spending or operating expenses, including dry-docking and insurance costs, competition in the product tanker industry,
statements about shipping market trends, including charter rates and factors affecting supply and demand, our financial condition
and liquidity, including our ability to obtain financing in the future to fund capital expenditures, acquisitions and other general
corporate activities, our ability to enter into fixed-rate charters after our current charters expire and our ability to earn income
in the spot market and our expectations of the availability of vessels to purchase, the time it may take to construct new vessels,
and vessels&rsquo; useful lives. Many of these statements are based on our assumptions about factors that are beyond our ability
to control or predict and are subject to risks and uncertainties that are described more fully under &ldquo;Item 3. Key Information
&ndash; D. Risk Factors&rdquo; of the Annual Report. Any of these factors or a combination of these factors could materially affect
our future results of operations and the ultimate accuracy of the forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Factors that might cause future results
to differ include, but are not limited to, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 0.8pt; text-align: justify"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="width: 93%; padding-right: 0.8pt; text-align: justify"><FONT STYLE="font-size: 10pt">changes in governmental rules and regulations or actions taken by regulatory authorities;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify"><FONT STYLE="font-size: 10pt">changes in economic and competitive conditions affecting our business, including market fluctuations in charter rates and charterers&rsquo; abilities to perform under existing time charters;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify"><FONT STYLE="font-size: 10pt">the length and number of off-hire periods and dependence on third-party managers; and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="padding-right: 0.8pt; text-align: justify"><FONT STYLE="font-size: 10pt">other factors discussed under &ldquo;Item 3. Key Information &ndash; D. Risk Factors&rdquo; of the Annual Report.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You should not place undue reliance on
forward-looking statements contained herein because they are statements about events that are not certain to occur as described
or at all. All forward-looking statements herein are qualified in their entirety by the cautionary statements contained herein.
These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary
materially from those projected in the forward-looking statements. Except to the extent required by applicable law or regulation,
we undertake no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Overview</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The address of the registered office of
Globus is: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The principal business of the Company is
the ownership and operation of a fleet of dry bulk motor vessels (&ldquo;m/v&rdquo;), providing maritime services for the transportation
of dry cargo products on a worldwide basis. The Company conducts its operations through its vessel owning subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The operations of the vessels are managed
by Globus Shipmanagement Corp. (the &ldquo;Manager&rdquo;), 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 unaudited interim condensed consolidated financial statements include the financial statements of Globus
and its subsidiaries listed below, all wholly owned by Globus as of June 30, 2019:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Company</TD>
<TD STYLE="vertical-align: bottom; width: 18%; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Country of <BR>
Incorporation</FONT></TD>
<TD STYLE="text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Vessel Delivery<BR> Date</TD>
<TD STYLE="text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">&nbsp; Vessel Owned</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
<TD STYLE="vertical-align: top; text-align: left; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Globus Shipmanagement Corp.</FONT></TD>
<TD STYLE="vertical-align: top; text-align: center; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marshall Islands</FONT></TD>
<TD STYLE="vertical-align: top; text-align: center; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
<TD STYLE="vertical-align: top; text-align: center; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Management Co.</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="text-align: left; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Devocean Maritime Ltd.</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marshall Islands</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">December 18, 2007</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">m/v River Globe</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Domina Maritime Ltd.</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marshall Islands</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">May 19, 2010</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">m/v Sky Globe</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="text-align: left; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dulac Maritime S.A.</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marshall Islands</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">May 25, 2010</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">m/v Star Globe</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Artful Shipholding S.A. </FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marshall Islands </FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">June 22, 2011</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">m/v Moon Globe</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="text-align: left; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Longevity Maritime Limited</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Malta</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">September 15, 2011</FONT></TD>
<TD STYLE="text-align: center; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">m/v Sun Globe</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Results of Operations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our revenues consist of earnings under
the charters on which we employ our vessels. We believe that the important measures for analyzing trends in the results of our
operations consist of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Revenues</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company generates its revenues from
charterers from the charter hire of its vessels. Vessels are chartered using time charters, where a contract is entered into for
the use of a vessel for a specific period of time and a specified daily charter hire rate. If a time charter agreement exists and
collection of the related revenue is reasonably assured, revenue is recognised on a straight line basis over the period of the
time charter. Such revenues are treated in accordance with IFRS 16 as lease income. Associated broker commissions are recognised
on a pro-rata basis over the duration of the period of the time charter. Deferred revenue relates to cash received prior to the
financial position date and is related to revenue earned after such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of January 1, 2018, we adopted IFRS
15 &ldquo;Revenue from Contracts with Customers&rdquo;. Pursuant to this standard, as of January 1, 2018, we elected to present
Voyage revenues net of address commissions. Address commissions represent a discount (sales incentive) on services rendered by
the Company and no identifiable benefit is received in exchange for this consideration provided to the charterer, these commissions
are presented as a reduction of revenue in the accompanying unaudited interim condensed consolidated statements of comprehensive
loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Group has initially adopted IFRS 16
on January 1, 2019 using the modified retrospective approach under which the comparative information presented for 2018 has not
been restated and is presented as it was previously reported under IAS 17 and related interpretations. On transition, the Company
has elected to apply the practical expedients available for leases with a remaining lease term of less than one year and leases
of low value assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At transition, the Company identified the
rental agreement with Cyberonica S.A., to give rise to a right of use asset and a corresponding liability estimated to approximately
$674 as of January 1, 2019, calculated as the present value of minimum future lease payments. The discount rate used is the incremental
cost of borrowing. In addition, the nature and recognition of expenses related to those leases changed as IFRS 16 replaced the
straight-line operating lease expense with a depreciation charge for right-of-use assets and interest expense on lease liabilities.
The depreciation charge for right-of-use assets for the period ended June 30, 2019 was approximately $56 and the interest expense
on lease liabilities for the same period was approximately $26.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 in 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&rsquo;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. The Company believes that the standalone transaction price
attributable to the technical management service component 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 consist of
the crew expenses, maintenance and consumable costs and was approximately $3,861 for the six month period ended June 30, 2019.
The lease component that is disclosed then is calculated as the difference between total revenue and the non-lease component revenue
and was approximately $3,081 for the six month period ended June 30, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Time Charters</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A time charter is a contract for the use
of a vessel for a specific period of time during which the charterer pays substantially all of the voyage expenses, including port
and canal charges and the cost of bunker (fuel oil), but the vessel owner pays vessel operating expenses, including the cost of
crewing, insuring, repairing and maintaining the vessel, the costs of spares and consumable stores and tonnage taxes. Time charter
rates are usually set at fixed rates during the term of the charter. Prevailing time charter rates fluctuate on a seasonal and
on a year-to-year basis and, as a result, when employment is being sought for a vessel with an expiring or terminated time charter,
the prevailing time charter rates achievable in the time charter market may be substantially higher or lower than the expiring
or terminated time charter rate. Fluctuation in time charter rates are influenced by changes in spot charter rates, which are in
turn influenced by a number of factors, including vessel supply and demand. The main factors that could increase total vessel operating
expenses are crew salaries, insurance premiums, spare parts orders, repairs that are not covered under insurance policies and lubricant
prices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Voyage Expenses</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Voyage expenses primarily consist of port
expenses and owners&rsquo; expenses borne and paid by the charterer, canal and bunker expenses that are unique to a particular
charter under time charter arrangements or by the Company under voyage charter arrangements. Furthermore, voyage expenses include
commission on revenue paid by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Vessel Operating Expenses</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Vessel operating expenses primarily consist
of crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the cost of spares and consumable
stores, tonnage taxes and other miscellaneous expenses necessary for the operation of the vessel. All vessel operating expenses
are expensed as incurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>General and Administrative Expenses</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The primary components of general and administrative
expenses consist of the services of our senior executive officers, and the expenses associated with being a public company. Such
public company expenses include the costs of preparing public reporting documents, legal and accounting costs and costs related
to compliance with the rules, regulations and requirements of the SEC, the rules of NASDAQ, board of directors compensation and
investor relations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Depreciation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We depreciate the cost of our vessels after
deducting the estimated residual value, on a straight-line basis over the expected useful life of each vessel, which is estimated
to be 25 years from the date of initial delivery from the shipyard. We estimate the residual values of our vessels to be $300 per
lightweight ton.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Interest and Finance Costs</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have historically incurred interest
expense and financing costs in connection with the debt incurred to partially finance the acquisition of our existing fleet. The
interest rate is generally linked to the three month LIBOR rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Selected Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our selected consolidated financial and
other data for the six months ended June 30, 2019 and 2018 and as of June 30, 2019 presented in the tables below have been derived
from our unaudited interim condensed consolidated financial statements and notes thereto, included elsewhere herein. Our selected
consolidated financial data as of December 31, 2018 presented in the tables below have been derived from our audited financial
statements and notes thereto, included in our Annual Report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Statements of Comprehensive Loss Data</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>(In thousands of U.S. Dollars)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Six months ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center">(unaudited)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Consolidated statement of comprehensive loss data:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 73%; font-size: 10pt; text-align: left; padding-bottom: 1pt">Voyage revenues</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">6,942</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">8,132</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Revenues</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">6,942</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">8,132</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Voyage expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,187</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(610</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Vessel operating expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(4,314</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(5,282</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">Depreciation</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,348</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,281</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Depreciation of dry docking costs</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(910</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(494</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Administrative expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(827</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(676</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Administrative expenses payable to related parties</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(188</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(267</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Share-based payments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(20</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(20</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Other income, net</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">79</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">5</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">Operating loss before financing activities</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">(2,773</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">(1,493</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Interest income</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">9</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Interest expense and finance costs</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,278</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,027</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Gain on derivative financial instruments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,572</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Foreign exchange (losses)/gains, net</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(3</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">47</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total finance costs, net</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(700</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(980</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total comprehensive loss for the period</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(3,473</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(2,473</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">Basic &amp; diluted loss per share for the period <I>(1)</I></FONT></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(0.95</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(0.77</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><I>(1)</I> The
weighted average number of shares for the six month period ended June 30, 2019 was 3,642,256 compared to 3,196,161 shares for the
six month period ended June 30, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Balance Sheets Data</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>(In thousands of U.S. Dollars)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of <BR>
June 30,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of <BR>
December 31,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center">(Unaudited)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Consolidated condensed statement of financial position:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 73%; font-size: 10pt; text-align: justify">Vessels, net</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">80,565</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">83,750</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Other non-current assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,990</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">130</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Total non-current assets</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">82,555</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">83,880</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Cash and bank balances and bank deposits (included restricted cash)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">3,618</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,396</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Other current assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,299</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,398</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Total current assets</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">5,917</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">2,794</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Total assets</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">88,472</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">86,674</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Total equity</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">40,733</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">41,050</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Total debt net of unamortized debt discount</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">37,681</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">36,868</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Other liabilities</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">10,058</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">8,756</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Total liabilities</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">47,739</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">45,624</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Total equity and liabilities</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">88,472</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">86,674</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Statements of Cash Flows Data</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>(In thousands of U.S. Dollars)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Six months ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center">(Unaudited)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">Statement of cash flow data:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 73%; font-size: 10pt; text-align: left">Net cash (used in)/generated from operating activities</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">(1,818</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">)</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">1,229</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Net cash used in investing activities</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(4</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(43</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Net cash generated from/(used in) financing activities</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">4,485</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,354</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Six
months ended June 30,</B></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center">(Unaudited)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 73%; font-size: 10pt; text-align: justify">Ownership days (1)</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">905</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">905</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Available days (2)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">905</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">866</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Operating days (3)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">887</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">847</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Fleet utilization (4)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">98</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">97.8</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Average number of vessels (5)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5.0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5.0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Daily time charter equivalent (TCE) rate (6)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">6,358</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">8,689</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Daily operating expenses (7)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">4,767</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5,837</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Ownership days are the aggregate number of days in a period during which each vessel in our fleet
has been owned by us.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Available days are the number of ownership days less the aggregate number of days that our vessels
are off-hire due to scheduled repairs or repairs under guarantee, vessel upgrades or special surveys.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Operating days are the number of available days less the aggregate number of days that the vessels
are off-hire due to any reason, including unforeseen circumstances but excluding days during which vessels are seeking employment.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">We calculate fleet utilization by dividing the number of operating days during a period by the
number of available days during the period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify">Average number of vessels is measured by the sum of the number of days each vessel was part of
our fleet during a relevant period divided by the number of calendar days in such period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD STYLE="text-align: justify">TCE rates are our voyage revenues less net revenues from our bareboat charters less voyage expenses
during a period divided by the number of our available days during the period excluding bareboat charter days, which is consistent
with industry standards. TCE is a measure not in accordance with GAAP.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD STYLE="text-align: justify">We calculate daily vessel operating expenses by dividing vessel operating expenses by ownership
days for the relevant time period&nbsp;excluding bareboat charter days.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Voyage Revenues to Daily Time Charter
Equivalent (&ldquo;TCE&rdquo;) Reconciliation</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Six months ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center">(Unaudited)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 73%; font-size: 10pt; text-align: left">Voyage revenues</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">6,942</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">8,132</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Less: Voyage expenses</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1,187</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">610</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">Net revenues</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">5,755</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">7,522</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Available days</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">905</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">866</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Daily TCE rate (1)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">6,358</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">8,689</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.5pt; text-align: justify; text-indent: -24.5pt"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.5pt; text-align: justify; text-indent: -24.5pt"><I>(1)
Subject to rounding.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Recent Developments</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>New Convertible Note</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 13, 2019, the Company signed a
securities purchase agreement with a private investor and on March 13, 2019 issued, for gross proceeds of $5 million, a senior
convertible note (the &ldquo;Convertible Note&rdquo;) that is convertible into shares of the Company&rsquo;s common stock, par
value $0.004 per share. If not converted or redeemed beforehand pursuant to the terms of the Convertible Note, the Convertible
Note matures upon the anniversary of its issue. We have used part of the proceeds from the Convertible Note for general corporate
purposes and working capital including repayment of debt. The Convertible Note was issued in a transaction exempt from registration
under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further to the conversion clause included
into the Convertible Note, during July and September 2019, a total amount of approximately $428 thousand, principal and accrued
interest, was converted to share capital with the conversion price of $2.25 per share and a total number of 190,403 new shares
issued in the name of the holder of the Convertible Note. The Convertible Note provides that the &ldquo;Floor Price&rdquo; (as
defined in the Note), which is currently $2.25, may be reduced to not less than $1.00 by mutual agreement of the Company and the
holder of the Note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Convertible Note provides for interest
to accrue at 10% annually, which interest shall be paid on the first anniversary of the Convertible Note&rsquo;s issuance unless
the Convertible Note is converted or redeemed pursuant to its terms beforehand. The interest may be paid in common shares of the
Company, if certain conditions described within the Convertible Note are met.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As per the conversion clause included in
the Note, the Company has recognized it as a hybrid agreement which includes an embedded derivative. This embedded derivative was
separated to the derivative component and the non-derivative host. The derivative component is shown separately from the non-derivative
host at fair value. The changes in the fair value of the derivative financial instrument are recognized in the consolidated statement
of comprehensive loss. For the period ended June 30, 2019, the Company recognized a gain on this derivative financial instrument
amounting to $1.4 million, which was classified under &ldquo;Gain on derivative financial instruments&rdquo; in the consolidated
statement of comprehensive loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon any future stock dividend, stock split,
reverse stock split or similar transaction, the Floor Price will not be adjusted and the Floor Price following such transaction
will be equal to the Floor Price immediately prior to such transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The terms of the Note provide that the
Note may be required at the option of the holder to be redeemed by the Company in cash, in whole or in part, at any time following
any consecutive period of ten trading days during each of which the volume-weighted average price of the Company&rsquo;s common shares
is less than the Floor Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Conversion of Debt and Issuance of Shares</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May 2, 2019, Globus announced that,
in accordance with the terms and provisions of the revolving credit facility, dated November 21, 2018, between the Company and
Firment Shipping Inc., an entity deemed as an affiliated party through common control, the Company has elected to convert the aggregate
outstanding principal balance and accrued interest of $3,170,136 into 1,132,191 shares of common stock of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Loan Refinancing</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In June 2019, Globus through its wholly
owned subsidiaries, Devocean Maritime Ltd., Domina Maritime Ltd., Dulac Maritime S.A., Artful Shipholding S.A. and Longevity Maritime
Limited, 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 million with EnTrust Global&rsquo;s Blue Ocean Fund for the purpose of refinancing
the existing indebtedness secured on the ships and for general corporate purposes. Globus subsidiaries, namely Devocean Maritime
Ltd., Domina Maritime Ltd., Dulac Maritime S.A., Artful Shipholding S.A. and Longevity Maritime Limited, are identified as the
borrowers under the loan facility which is guaranteed by Globus, and which contains a standard security package including mortgages
on all of our ships, pledges of bank accounts, charter assignments, shares pledges respecting each borrower, and a general assignment
over each ship&rsquo;s earnings, insurances and any requisition compensation in relation to that ship. This loan facility will
be referred as EnTrust loan facility. On June 24, 2019, the Company drew down $37 million and fully prepaid the existing loan facilities
with Hamburg Commercial Bank AG (formerly known as HSH Nordbank AG) and Macquarie Bank International Limited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">The EnTrust
loan facility bears interest at LIBOR plus a margin of 8.5% (or 10.5% default interest), and is repayable by five consecutive quarterly
installments commencing on December 31, 2019 each in the amount of the earnings of the ships after deducing interest on the EnTrust
loan facility, operating expenses and reserves for drydocking, then by six consecutive quarterly installments commencing on March
31, 2021 each in the amount of $1,492,622, and by a final installment on June 30, 2022 in the amount of $1,492,622 together with
the remaining principal amount as a balloon payment. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">The Company
must maintain a credit balance of not less than $250,000 for each mortgaged ship. Globus must maintain, on a consolidated basis,
at the end of each calendar quarter, liquid funds in an amount, in aggregate, of not less than 5% of the consolidated financial
indebtedness of the group. Each borrower must maintain in its earnings account during the cash sweep period an amount equal to
the product of (a) the lower of: (i) $1,000; and (ii) the difference between the daily time charter equivalent rate of the ship
owned by that borrower, and the break-even expenses of that ship for that cash sweep period; and (b) the actual number of days
lapsed during that cash sweep period for that borrower. Each borrower is prohibited from declaring or paying dividends, or from
repaying the EnTrust loan facility, until December 25, 2020. The EnTrust loan facility contains standard loan covenants, including
loan to value covenants.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Results of Operations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>First half of the year 2019 compared
to the first half of the year 2018</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">Total comprehensive
loss for the first half of the year 2019 amounted to $3.5 million or $0.95 basic and diluted loss per share based on 3,642,256
weighted average number of shares, compared to total comprehensive loss of $2.5 million for the same period last year or $0.77
basic and diluted loss per share based on 3,196,161 weighted average number of shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">The following
table corresponds to the breakdown of the factors that led to the decrease in total comprehensive loss during the first half of
2019 compared to the first half of 2018 (expressed in $000&rsquo;s):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: #FDFDFD"><B>1<SUP>st</SUP>
half of 2019 vs 1<SUP>st</SUP> half of 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: #FDFDFD">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 86%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt"><B>Net loss for the 1<SUP>st</SUP> half of 2018</B></FONT></TD><TD STYLE="width: 2%; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; font-weight: bold; text-align: right">(2,473</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Decrease in voyage revenues</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,190</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Increase in Voyage expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(577</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Decrease in Vessels operating expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">968</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Increase in Depreciation</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(67</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Increase in Depreciation of dry docking costs</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(416</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Increase in Total administrative expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(72</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Increase in Other income, net</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">74</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Increase in Interest income</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">9</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Increase in Interest expense and finance costs</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,251</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Increase in Gain on derivative financial instruments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,572</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Decrease in Foreign exchange gains</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(50</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt"><B>Net loss for the 1<SUP>st</SUP> half of 2019</B></FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">(3,473</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Voyage
revenues</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">During the six-month
period ended June 30, 2019 and 2018, our Voyage revenues reached $6.9 million and $8.1 million respectively. The 15% decrease in
Voyage revenues was mainly attributed to the decrease in the average time charter rates achieved by our vessels during the first
half of 2019 compared to the same period in 2018. Daily Time Charter Equivalent rate (TCE) for the first half of 2019 was $6,358
per vessel per day against $8,689 per vessel per day during the same period in 2018 corresponding to a decrease of 27%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Voyage
expenses</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; background-color: #FDFDFD">Voyage
expenses reached $1.2 million during the first half of 2019 compared to $0.6 million during the same period last year. Voyage
expenses include commissions on revenues, port and other voyage expenses and bunker expenses. Bunker expenses mainly refer to
the cost of bunkers consumed during periods that our vessels are travelling seeking employment. Voyage expenses for the first
half of 2019 and 2018 are analyzed as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 65%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">In $000&rsquo;s</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 69%; font-size: 10pt">Commissions</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">93</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">130</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Bunkers expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">965</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">322</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Other voyage expenses</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">129</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">158</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">1,187</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">610</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Vessel
operating expenses</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Vessel operating expenses, which include
crew costs, provisions, deck and engine stores, lubricating oils, insurance, maintenance, and repairs, reached $4.3 million during
the first half of 2019 compared to $5.3 million during the first half of 2018. The breakdown of our operating expenses for the
six month period ended June 30, 2019 and 2018 was as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 65%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 69%; font-size: 10pt; text-align: left">Crew expenses</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">55</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">%</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">46</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Repairs and spares</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">19</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">30</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">Insurance</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">7</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">Stores</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">10</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">11</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">Lubricants</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">Other</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">4</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">3</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">Average daily
operating expenses during the six-month periods ended June 30, 2019 and 2018 were $4,767 per vessel per day and $5,837 per vessel
per day respectively, corresponding to a decrease of 18% and returning to a more normal rate as last year was unusually high.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Depreciation of dry docking costs</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">Depreciation
charge of dry docking costs during the first half of 2019 reached $0.9 million compared to $0.5 million during the same period
in 2018. This is due to the increased cost of dry dockings that 3 of our vessels underwent during 2018 and subsequently resulted
to a higher depreciation charge in the first half of 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Interest expense and finance costs</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest expense and finance costs reached
$2.3 million during the first half of 2019 compared to $1 million in 2018. Interest expense and finance costs for the first half
of 2019 and 2018 are analyzed as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 65%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">In $000&rsquo;s</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><B>2019</B></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><B>2018</B></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 69%; font-size: 10pt; text-align: left">Interest payable on long-term borrowings</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">1,343</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">971</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Bank charges</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">14</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">15</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Operating lease liability interest</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">26</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Amortization of debt discount</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">250</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">38</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Other finance expenses</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">645</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">3</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">2,278</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">1,027</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This increase is mainly due to the refinance
of the outstanding debt which is discussed further in a previous section of this document. Other finance expenses for the first
half 2019 include approximately $0.6 million that was the loan prepayment fee and expenses related to the prepayment of Macquarie
Loan Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Gain on derivative financial instruments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The gain on the derivative financial instruments
is mainly attributed to the valuation of the &ldquo;Convertible Note&rdquo;. As per the conversion clause included in this agreement,
the Company has recognized it as a hybrid instrument which includes an embedded derivative. This embedded derivative was separated
to the derivative component and the non-derivative host. The derivative component is shown separately from the non-derivative host
at fair value. The changes in the fair value of the derivative financial instrument are recognized in the consolidated statement
of comprehensive loss. As of June 30, 2019 the Company recognized a gain on this derivative financial instrument amounting to $1.4
million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Liquidity and capital resources</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June 30, 2019 and 2018, our cash
and bank balances and bank deposits (including restricted cash) were $4.9 million and $1.6 million respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June 30, 2019, the Company reported
a working capital deficit of $4,089 and its cash flow projections indicated that cash on hand and cash to be provided by operating
activities might not be sufficient to cover the liquidity needs, including the debt obligations that become due in the twelve-month
period ending following the issuance of these unaudited interim condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The above conditions potentially raise
substantial doubt about the entity&rsquo;s ability to continue as a going concern. Management plans to settle loan interest and scheduled
loan repayments with cash at hand and cash expected to be generated from the operations and from financing activities. Especially
for the Convertible Note that terminates during March 2020 the Company anticipates that it will be converted to share capital and
no cash will be required for its repayment. As of the date of issue of these unaudited interim condensed consolidated financial
statements, within the third quarter of 2019, a total amount of approximately $428, principal and accrued interest, has already
been converted to share capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June 30, 2019 there is also an amount
of $11.1 million available to be drawn under the Firment Shipping Credit Facility, which will be sufficient to cover the Company&rsquo;s
liquidity needs, including the debt obligations that become due in the twelve-month period ending following the issuance of these
unaudited interim condensed consolidated financial statements. The Firment Shipping Credit Facility remains available until its
final maturity date at November 19, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">After considering all related developments
and the Company&rsquo;s plans, management believes that the substantial doubt about the Company&rsquo;s ability to continue as
a going concern is alleviated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Net cash used in operating activities
for the six month period ended June 30, 2019 </B>was $1.8 million compared to net cash generated from operating activities of $1.2
million during the respective period in 2018. The decrease in our cash from operations was mainly attributed to the decrease in
our adjusted EBITDA from $1.3 million during the first half of 2018 to $0.5 million during the six month period under consideration</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Net cash generated from/(used in) financing
activities</B> during the six month period ended June 30, 2019 and 2018 were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Six months ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">In $000&rsquo;s</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center">(Unaudited)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 73%; font-size: 10pt; text-align: left">Proceeds from loans</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">43,700</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Proceeds from issuance of share capital</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">600</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Repayment of long term debt</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,830</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,244</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Prepayment of long term debt</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(33,833</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Restricted cash</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(809</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">210</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Payment of financing costs</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(880</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Repayment of lease liability</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(30</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Interest paid</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(1,833</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(920</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Net cash (used in)/generated from financing activities</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">4,485</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">(2,354</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June 30, 2019 and 2018 we and our
vessel-owning subsidiaries had outstanding borrowings under our Loan agreements of an aggregate of $37.7 million and of $39.4 million
respectively gross of unamortized debt discount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>INDEX TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Unaudited
    Interim Condensed Consolidated Statements of Comprehensive Loss for the six-month periods ended June 30, 2019 and
    2018</FONT></TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">F-2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Condensed Consolidated Statement of
    Financial     Position as of June 30, 2019 (Unaudited) and December 31, 2018</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">F-3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Unaudited Interim
    Condensed     Consolidated Statement of Changes in Equity for the six-month periods ended June 30, 2019 and 2018</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">F-4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Unaudited Interim
    Condensed     Consolidated Statement of Cash Flows for the six-month periods ended June 30, 2019 and 2018</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">F-5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Notes to the Unaudited
    Interim Condensed Consolidated Financial Statements</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">F-6
                                         to F-15</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>GLOBUS MARITIME LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>UNAUDITED INTERIM CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>For the six-months ended
June 30, 2019 and 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>(Expressed in thousands
of U.S. Dollars, except share and per share and warrants data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Six
months ended June 30,</B></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Notes</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold">REVENUES:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 61%; font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Voyage revenues</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">6,942</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">8,132</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Total Revenues</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">6,942</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">8,132</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">EXPENSES &amp; OTHER OPERATING INCOME:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Voyage expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,187</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(610</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Vessel operating expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(4,314</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(5,282</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-left: 0.25in">Depreciation</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">5</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,348</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,281</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Depreciation of dry docking costs</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">5</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(910</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(494</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Administrative expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(827</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(676</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Administrative expenses payable to related parties</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(188</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(267</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Share-based payments</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">9</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(20</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(20</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Other income, net</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">79</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">5</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 0.25in">Operating loss</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">(2,773</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">(1,493</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Interest income</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">9</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Interest expense and finance costs</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,278</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,027</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Gain&nbsp;&nbsp;on derivative financial instruments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,572</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Foreign exchange gains/(losses), net</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(3</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">47</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 0.25in">TOTAL LOSS FOR THE PERIOD</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">(3,473</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">(2,473</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Other Comprehensive Income</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt; padding-left: 0.25in">TOTAL COMPREHENSIVE LOSS FOR THE PERIOD</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">(3,473</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">(2,473</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold">Loss per share (U.S.$):</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">- Basic and Diluted loss per share for the period</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">7</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(0.95</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(0.77</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">The accompanying condensed notes are an
integral part of these unaudited interim condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>GLOBUS MARITIME LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>CONDENSED CONSOLIDATED
STATEMENTS OF FINANCIAL POSITION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>As of June 30, 2019 and
December 31, 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>(Expressed in thousands
of U.S. Dollars, except share and per share and warrants data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;&nbsp; &nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>June 30,</B></TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>December 31,</B></TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>Notes</B></TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>2019</B></TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD><TD STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>2018</B></TD><TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Unaudited)</FONT></TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-decoration: underline">ASSETS</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">NON-CURRENT ASSETS</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in; width: 61%">Vessels, net</TD><TD STYLE="font-size: 10pt; font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; width: 10%">5</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="font-size: 10pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">80,565</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">83,750</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Office furniture and equipment</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">112</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">120</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Right of use asset</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">2</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">618</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Restricted cash</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,250</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt; padding-left: 0.25in">Other non-current assets</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">10</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">10</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">82,555</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">83,880</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">CURRENT ASSETS</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Trade receivables, net</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">879</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">577</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Inventories</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">422</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">650</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Prepayments and other assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">998</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">171</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Restricted cash</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">3</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">909</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,350</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt; padding-left: 0.25in">Cash and cash equivalents</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center">3</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,709</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">46</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">5,917</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,794</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt">TOTAL ASSETS</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">88,472</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">86,674</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-decoration: underline; text-align: justify">EQUITY AND LIABILITIES</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold">EQUITY</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Issued share capital</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">6</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">17</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">13</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Share premium</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">6</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">143,486</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">140,334</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt; padding-left: 0.25in">Accumulated deficit</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(102,770</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(99,297</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt; padding-left: 0.5in">Total equity</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">40,733</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">41,050</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">NON-CURRENT LIABILITIES</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Long-term borrowings, net of current portion</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">4,8</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">36,707</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,500</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Fair value of derivative financial instruments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">484</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">831</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-left: 0.25in">Provision for staff retirement indemnities</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">24</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">87</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Operating lease liabilities</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center">2</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">518</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">37,733</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,418</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">CURRENT LIABILITIES</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Current portion of long-term borrowings</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">8</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">974</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">35,368</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Trade accounts payable</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5,023</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">6,433</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Accrued liabilities and other payables</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,392</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,319</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Current portion of operating lease liabilities</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">2</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">112</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0.25in">Current portion of fair value of derivative financial instruments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,355</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt; padding-left: 0.25in">Deferred revenue</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">150</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">86</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">10,006</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">43,206</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">TOTAL LIABILITIES</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">47,739</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">45,624</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt">TOTAL EQUITY AND LIABILITIES</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">88,472</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">86,674</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The accompanying condensed notes are an integral part of these
unaudited interim condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>GLOBUS MARITIME LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>UNAUDITED INTERIM CONDENSED
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>For the six-months ended
June 30, 2019 and 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>(Expressed in thousands
of U.S. Dollars, except share and per share and warrants data)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Issued share <BR> Capital</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Share<BR> Premium</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">(Accumulated Deficit)</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total Equity</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 36%; font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">As at January 1, 2019</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">13</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">140,334</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(99,297</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">41,050</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Loss for the period</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(3,473</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(3,473</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Issuance of common shares</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">4</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">3,132</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">3,136</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Share-based payments (Note 9)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">20</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">20</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">As at June 30, 2019</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">17</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">143,486</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(102,770</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">40,733</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>






<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Issued share <BR>
Capital</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><B>Share</B> <FONT STYLE="font-size: 10pt"><BR> <B>Premium</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">(Accumulated Deficit)</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total Equity</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 36%; font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">As at January 1, 2018</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">13</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">139,684</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(95,729</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">43,968</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Loss for the period</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,473</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,473</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 0in; text-indent: 0in">Issuance of common stock due to exercise of warrants (Note 6)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">600</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">600</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Share-based payments (Note 9)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">30</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">30</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">As at June 30, 2018</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">13</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">140,314</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(98,202</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">42,125</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">The accompanying condensed notes are an
integral part of these unaudited interim condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<!-- Field: Page; Sequence: 13; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>GLOBUS MARITIME LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>UNAUDITED INTERIM CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>For the six-months ended
June 30, 2019 and 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>(Expressed in thousands
of U.S. Dollars)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Six months ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Notes</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Operating activities</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 61%; font-size: 10pt; text-align: justify">Loss for the period</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">(3,473</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">)</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">(2,473</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Adjustments for:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Depreciation</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">5</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,348</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,281</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Depreciation of deferred dry docking costs</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">5</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">910</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">494</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Payment of deferred dry docking costs</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(481</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(290</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Provision for staff retirement indemnities</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(63</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Gain on derivative financial instruments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,572</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Interest expense and finance costs</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,278</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,027</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Interest income</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(9</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Foreign exchange gains, net</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(61</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Share based payment</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">9</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">20</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">30</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">(Increase)/decrease in:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Trade receivables, net</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(302</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">56</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Inventories</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">228</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">263</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Prepayments and other assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(827</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(931</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Increase/(decrease) in:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Trade accounts payable</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(991</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">285</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Accrued liabilities and other payables</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">54</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">396</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Deferred revenue</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">64</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">150</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">Net cash (used in)/generated from operating activities</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(1,818</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">1,229</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Cash flows from investing activities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Purchase of vessel equipment</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(26</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Purchases of office furniture and equipment</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(13</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(17</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Interest received</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">9</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">Net cash used in investing activities</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(4</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(43</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Cash flows from financing activities:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Proceeds from loans</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">43,700</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Repayment of long-term debt</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,830</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,244</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Prepayment of long term debt</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(33,833</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Proceeds from issuance of share capital</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">600</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">(Increase)/decrease in restricted cash</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">3</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(809</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">210</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">Payment of financing costs</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(880</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Repayment of lease liability</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(30</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Interest paid</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(1,833</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(920</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">Net cash generated from/(used in) financing activities</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">4,485</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(2,354</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Net increase/(decrease) in cash and cash equivalents</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">2,663</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">(1,168</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Cash and cash equivalents at the beginning of the year</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">3</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">46</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,756</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Cash and cash equivalents at the end of the period</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: center">3</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">2,709</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">1,588</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying condensed notes are an
integral part of these unaudited interim condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">Basis of presentation and general information</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The accompanying
unaudited interim condensed consolidated financial statements include the financial statements of <B><I>Globus Maritime Limited</I></B>
(&ldquo;Globus&rdquo;) and its wholly owned subsidiaries (collectively the &ldquo;Company&rdquo;). Globus was formed on July 26,
2006 under the laws of Jersey. On June 1, 2007, Globus concluded its initial public offering in the United Kingdom and its shares
were admitted for trading on the Alternative Investment Market (&ldquo;AIM&rdquo;). On November 24, 2010 Globus was redomiciled
to the Marshall Islands and its shares were admitted for trading in the United States (NASDAQ Global Market) under the Securities
Act of 1933, as amended. On November 26, 2010 Globus shares were effectively delisted from AIM.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The address
of the registered office of Globus is: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The principal
business of the Company is the ownership and operation of a fleet of dry bulk motor vessels (&ldquo;m/v&rdquo;), providing maritime
services for the transportation of dry cargo products on a worldwide basis. The Company conducts its operations through its vessel
owning subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The operations
of the vessels are managed by Globus Shipmanagement Corp. (the &ldquo;Manager&rdquo;), 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 of June 30, 2018:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Company</TD>
    <TD STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Country of<BR> Incorporation</TD>
    <TD STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Vessel Delivery<BR> Date</TD>
    <TD STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Vessel Owned</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-top: 5pt; padding-bottom: 5pt">Globus Shipmanagement Corp.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">Marshall Islands</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">-</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 5pt; padding-top: 5pt">Management Co.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-top: 5pt; padding-bottom: 5pt">Devocean Maritime Ltd.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">Marshall Islands</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">December 18, 2007</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 5pt; padding-top: 5pt">m/v River Globe</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-top: 5pt; padding-bottom: 5pt">Domina Maritime Ltd.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">Marshall Islands</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">May 19, 2010</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 5pt; padding-top: 5pt">m/v Sky Globe</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-top: 5pt; padding-bottom: 5pt">Dulac Maritime S.A.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">Marshall Islands</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">May 25, 2010</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 5pt; padding-top: 5pt">m/v Star Globe</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-top: 5pt; padding-bottom: 5pt">Artful Shipholding S.A.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">Marshall Islands</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">June 22, 2011</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 5pt; padding-top: 5pt">m/v Moon Globe</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-top: 5pt; padding-bottom: 5pt">Longevity Maritime Limited</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">Malta</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 5pt; padding-bottom: 5pt">September 15, 2011</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 5pt; padding-top: 5pt">m/v Sun Globe</TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">These unaudited interim condensed
consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and, in
the opinion of the management, reflect all normal recurring adjustments considered necessary for a fair presentation of the Company&rsquo;s
comprehensive loss, financial position and cash flow for the periods presented. Operating results for the six-month period ended
June 30, 2019 are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The unaudited interim condensed
consolidated financial statements for the six months ended June 30, 2019 have been prepared in accordance with IAS 34 Interim Financial
Reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The unaudited interim condensed
consolidated financial statements presented in this report do not include all the information and disclosures required in the annual
financial statements, and should be read in conjunction with the Company&rsquo;s Annual Report on Form 20-F for the year ended
December 31, 2018 (the &ldquo;2018 Annual Report&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Unless otherwise defined herein,
capitalized words and expressions used herein shall have the same meanings ascribed to them in the 2018 Annual Report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The unaudited interim condensed
consolidated financial statements as of June 30, 2019 and for the six months then ended, were approved for issuance by the Board
of Directors on September 26, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left">1.</TD><TD STYLE="text-align: justify">Basis of presentation and general information (continued)</TD>
</TR></TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Going
Concern </B></FONT><B>basis of accounting:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">As of June 30, 2019, the Company
reported a working capital deficit of $4,089 and its cash flow projections indicated that cash on hand and cash to be provided
by operating activities might not be sufficient to cover the liquidity needs, including the debt obligations that become due in
the twelve-month period ending following the issuance of these unaudited interim condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The above conditions potentially
raise substantial doubt about the entity&rsquo;s ability to continue as a going concern. Management plans to settle loan interest and
scheduled loan repayments with cash at hand and cash expected to be generated from the operations and from financing activities.
Especially for the Convertible Note that terminates during March 2020 (Note 8) the Company anticipates that it will be converted
to equity and no cash will be required for its repayment. As of the date of issue of these unaudited interim condensed consolidated
financial statements, within the third quarter of 2019, a total amount of approximately $428, principal and accrued interest, has
already been converted to equity (see also Note 13).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">As of June 30, 2019 the Company
has an undrawn amount of $11.1 million available under the Firment Shipping Credit Facility (Note 8), which if drawn will be sufficient
to cover the Company&rsquo;s liquidity needs, including the debt obligations that become due in the twelve-month period ending
following the issuance of these unaudited interim condensed consolidated financial statements. After considering all related developments
and the Company&rsquo;s plans, management believes that the substantial doubt about the Company&rsquo;s ability to continue as
a going concern is alleviated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left">2.</TD><TD STYLE="text-align: justify">Significant Accounting Policies and recent accounting
pronouncements</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The accounting policies adopted
are consistent with those of the previous financial year except for the following amended IFRS which have been adopted by the Company
as of January 1, 2019:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>IFRS 16: Leases</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">IFRS 16 sets out the principles
for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, i.e. the customer (&lsquo;lessee&rsquo;)
and the supplier (&lsquo;lessor&rsquo;). The new standard requires lessees to recognize most leases on their financial statements.
Lessees will have a single accounting model for all leases, with certain exemptions. Lessor accounting is substantially unchanged.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The Group has initially adopted
IFRS 16 on January 1, 2019 using the modified retrospective approach under which the comparative information presented for 2018
has not been restated and is presented as it was previously reported under IAS 17 and related interpretations. On transition, the
Company has elected to apply the practical expedients available for leases with a remaining lease term of less than one year and
leases of low value assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">At transition, the Company identified
the rental agreement with Cyberonica S.A., to give rise to a right of use asset and a corresponding liability estimated to approximately
$674 as of January 1, 2019, calculated as the present value of minimum future lease payments. The discount rate used is the incremental
cost of borrowing. In addition, the nature and recognition of expenses related to those leases changed as IFRS 16 replaced the
straight-line operating lease expense with a depreciation charge for right-of-use assets and interest expense on lease liabilities.
The depreciation charge for right-of-use assets for the period ended June 30, 2019 was approximately $56 and the interest expense
on lease liabilities for the same period was approximately $26.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">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 in 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&rsquo;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. The Company believes that the standalone transaction price
attributable to the technical management service component 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 consist of
the crew expenses, maintenance and consumable costs and was approximately $3,861 for the six month period ended June 30, 2019.
The lease component that is disclosed then is calculated as the difference between total revenue and the non-lease component revenue
and was approximately $3,081 for the six month period ended June 30, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">Significant Accounting Policies and recent accounting pronouncements (continued)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>IFRS 9: Prepayment features with negative compensation (Amendment)</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The Amendment allows financial
assets with prepayment features that permit or require a party to a contract either to pay or receive reasonable compensation for
the early termination of the contract (so that, from the perspective of the holder of the asset there may be &lsquo;negative compensation&rsquo;),
to be measured at amortized cost or at fair value through other comprehensive income. Management has assessed that these amendments
have no impact on the Company&rsquo;s financial position or performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>IAS 28: Long-term Interests in Associates and Joint Ventures (Amendments)</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The Amendments relate to whether
the measurement, in particular impairment requirements, of long term interests in associates and joint ventures that, in substance,
form part of the &lsquo;net investment&rsquo; in the associate or joint venture should be governed by IFRS 9, IAS 28 or a combination
of both. The Amendments clarify that an entity applies IFRS 9 Financial Instruments, before it applies IAS 28, to such long-term
interests for which the equity method is not applied. In applying IFRS 9, the entity does not take account of any adjustments to
the carrying amount of long- term interests that arise from applying IAS 28. Management has assessed that these amendments has
no impact on its financial position or performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>IFRIC INTERPETATION 23: Uncertainty over Income Tax Treatments </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The Interpretation addresses
the accounting for income taxes when tax treatments involve uncertainty that affects the application of IAS 12. The Interpretation
provides guidance on considering uncertain tax treatments separately or together, examination by tax authorities, the appropriate
method to reflect uncertainty and accounting for changes in facts and circumstances. Management has assessed that this interpretation
have no impact on the Company&rsquo;s financial position or performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>IAS 19: Plan Amendment, Curtailment or Settlement (Amendments)</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The Amendments require entities
to use updated actuarial assumptions to determine current service cost and net interest for the remainder of the annual reporting
period after a plan amendment, curtailment or settlement has occurred. The Amendments also clarify how the accounting for a plan
amendment, curtailment or settlement affects applying the asset ceiling requirements. Management has assessed that these amendments
have no impact on the Company&rsquo;s financial position or performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>The IASB has issued the Annual Improvements to IFRSs 2015 &ndash; 2017 Cycle</B>, which is a
collection of amendments to IFRSs. Management has assessed that these amendments have no impact on its financial position or performance.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD STYLE="text-align: justify">IFRS 3 Business Combinations and IFRS 11 Joint Arrangements: The amendments to IFRS 3 clarify that
when an entity obtains control of a business that is a joint operation, it remeasures previously held interests in that business.
The amendments to IFRS 11 clarify that when an entity obtains joint control of a business that is a joint operation, the entity
does not remeasure previously held interests in that business.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD STYLE="text-align: justify">IAS 12 Income Taxes: The amendments clarify that the income tax consequences of payments on financial
instruments classified as equity should be recognized according to where the past transactions or events that generated distributable
profits has been recognized.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD STYLE="text-align: justify">IAS 23 Borrowing Costs: The amendments clarify paragraph 14 of the standard that, when a qualifying
asset is ready for its intended use or sale, and some of the specific borrowing related to that qualifying asset remains outstanding
at that point, that borrowing is to be included in the funds that an entity borrows generally.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Standards issued but not yet
effective and not early adopted:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>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.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">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. The application of this amendment will have no impact on the financial position or the performance of the
Company since the Company is not an investment entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">Significant Accounting Policies and recent accounting pronouncements (continued)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Conceptual Framework in IFRS standards</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The IASB issued the revised Conceptual
Framework for Financial Reporting on 29 March 2018. The Conceptual Framework sets out a comprehensive set of concepts for financial
reporting, standard setting, guidance for preparers in developing consistent accounting policies and assistance to others in their
efforts to understand and interpret the standards. IASB also issued a separate accompanying document, Amendments to References
to the Conceptual Framework in IFRS Standards, which sets out the amendments to affected standards in order to update references
to the revised Conceptual Framework. Its objective is to support transition to the revised Conceptual Framework for companies that
develop accounting policies using the Conceptual Framework when no IFRS Standard applies to a particular transaction. For preparers
who develop accounting policies based on the Conceptual Framework, it is effective for annual periods beginning on or after 1 January
2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>IFRS 3: Business Combinations (Amendments)</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The IASB issued amendments in
Definition of a Business (Amendments to IFRS 3) aimed at resolving the difficulties that arise when an entity determines whether
it has acquired a business or a group of assets. The Amendments are effective for business combinations for which the acquisition
date is in the first annual reporting period beginning on or after 1 January 2020 and to asset acquisitions that occur on or after
the beginning of that period, with earlier application permitted. Management does not expect that these amendments will have an
impact on the Company&rsquo;s financial position or performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting
Estimates and Errors: Definition of &lsquo;material&rsquo; (Amendments)</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The Amendments are effective
for annual periods beginning on or after 1 January 2020 with earlier application permitted. The Amendments clarify the definition
of material and how it should be applied. The new definition states that, &lsquo;Information is material if omitting, misstating
or obscuring it could reasonably be expected to influence decisions that the primary users of general purpose financial statements
make on the basis of those financial statements, which provide financial information about a specific reporting entity&rsquo;.
In addition, the explanations accompanying the definition have been improved. The Amendments also ensure that the definition of
material is consistent across all IFRS Standards. Management does not expect that these amendments will have an impact on the Company&rsquo;s
financial position or performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left">3</TD><TD STYLE="text-align: justify">Cash and cash equivalents and Restricted cash</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">For the purpose of the interim
condensed consolidated statement of financial position, cash and cash equivalents comprise the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.75in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">June 30, 2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December
    31, 2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font-size: 10pt; text-align: justify">Cash on hand</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="width: 15%; font-size: 10pt; text-align: right">6</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="width: 15%; font-size: 10pt; text-align: right">46</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Cash at banks</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,703</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">2,709</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">46</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Cash
held in banks earns interest at floating rates based on daily bank deposit rates. Bank deposits are made for varying periods of
between one day and three months, depending on the immediate cash requirements of the Company and earn interest at the respective
bank deposit rates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: -0.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">As at
June 30, 2019, in order to fulfil the collateral requirements contained in the loan agreement (Note 8), the Company has pledged
an aggregate amount of $2,159. This amount is presented on the accompanying statement of financial position under restricted cash
current $909 ($1,350 as at December 31, 2018) and restricted cash non-current $1,250 (zero as at December 31, 2018).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left">4</TD><TD STYLE="text-align: justify">Transactions with Related Parties</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Details of the Company&rsquo;s
transactions with related parties did not change in the six-month period ended June 30, 2019 and are discussed in Note 4 of the
Company&rsquo;s consolidated financial statements for the year ended December 31, 2018, included in the 2018 Annual Report except
for the transactions described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The ultimate controlling party
of the Company is Mr. George Feidakis who beneficially owns 1,252,258 common shares as of June 30, 2019 through Firment Shipping
Inc., a Marshall Islands corporation for which he exercises sole voting and investment power. As at June 30, 2019, Mr Feidakis
beneficially owned 29% of Globus&rsquo; shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left">5</TD><TD STYLE="text-align: justify">Vessels, net</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The amounts in the interim
condensed consolidated statement of financial position are analysed as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif; margin-right: 0.25in; margin-left: 0.25in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Vessels<BR>
 cost</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Vessels<BR>
 depreciation</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Dry docking<BR>
 costs</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Depreciation of<BR>
 dry docking<BR>
 costs</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Net Book<BR>
 Value</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 25%; font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">Balance at&nbsp;January 1, 2019</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">179,427</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(97,280</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">6,978</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(5,375</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">83,750</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">Additions</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(5</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(5</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Depreciation &amp; Amortization</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(2,270</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(910</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(3,180</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">Balance at June 30, 2019</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">179,427</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(99,550</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">6,973</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(6,285</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">80,565</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">No events
and circumstances were identified that would require an impairment loss to be recognized based on the Company&rsquo;s impairment
assessment as of June 30, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left">6</TD><TD STYLE="text-align: justify">Share Capital and Share Premium</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The authorised
share capital of Globus consisted of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif; margin-right: 0.25in; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">June 30,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Authorised share capital:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; font-size: 10pt; text-align: justify">500,000,000 Common Shares of par value $0.004 each</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">2,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">2,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify">100,000,000 Class B common shares of par value $0.001 each</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">100</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">100</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">100,000,000 Preferred shares of par value $0.001 each</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">100</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">100</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total authorised share capital</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">2,200</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">2,200</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Holders of
the Company&rsquo;s common shares and Class B shares have equivalent economic rights, but holders of Company&rsquo;s common shares
are entitled to one vote per share and holders of the Company&rsquo;s Class B shares are entitled to twenty votes per share. Each
holder of Class B shares may convert, at its option, any or all of the Class B shares held by such holder into an equal number
of common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif; margin-right: 0.25in; margin-left: 1in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid">Common Shares issued and fully paid</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Number of shares</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">USD</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font-size: 10pt; font-weight: bold; text-align: justify">As at January 1, 2019</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font-size: 10pt; font-weight: bold; text-align: right">3,209,327</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font-size: 10pt; font-weight: bold; text-align: right">13</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Issued during the period for share based compensation (Note 9)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5,780</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Issuance of common stocks due conversion of loan</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1,132,191</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">4</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt">As at June 30, 2019</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">4,347,298</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">17</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif; margin-right: 0.25in; margin-left: 1in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid">Common Shares issued and fully paid</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Number of shares</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">USD</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font-size: 10pt; font-weight: bold; text-align: justify">As at January 1, 2018</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font-size: 10pt; font-weight: bold; text-align: right">3,163,042</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; font-size: 10pt; font-weight: bold; text-align: right">13</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">Issued during the period for share based compensation (Note 9)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">3,327</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Issuance of common stocks due to exercise of warrants</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">37,500</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt">As at June 30, 2018</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">3,203,869</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">13</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">As of June
30, 2019 and 2018 the Company had no Class B common shares and no Preferred shares outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Share premium includes the
contribution of Globus&rsquo; shareholders to the acquisition of the Company&rsquo;s vessels. Additionally, share premium includes
the effects of the acquisition of non-controlling interest, the effects of the Globus initial and follow-on public offerings and
the effects of the share based payments described in Note 9. At June 30, 2019 and December 31, 2018 Globus share premium amounted
to $143,486 and $140,334, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">As of June 30, 2019, in connection
with the February 2017 private placement, the February 2017 Warrants outstanding had expired unexercised.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">As of June 30, 2018, in connection
with the February 2017 private placement, the Company had 3,052,320 of the February 2017 Warrants outstanding to purchase an aggregate
of 3,052,320 common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left">6</TD><TD STYLE="text-align: justify">Share Capital and Share Premium (continued)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Further to the February 2017
private placement an investor, other than Firment Shipping Inc. and Silaner Investments Limited, partially exercised in January
2018 its warrants, purchasing 37,500 of the Company&rsquo;s common shares for aggregate gross proceeds to the Company of approximately
$600.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">As of June 30, 2019 and 2018,
in connection with the October 2017 private placement, the Company had 1,250,000 of the October 2017 Warrants(as described in 2018
Annual Report) outstanding to purchase an aggregate of 1,250,000 common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">October 2017 Warrants are exercisable
for 24 months after their respective issuance. Under the terms of the warrants, all warrant holders (other than Firment Shipping
Inc., which has no such restriction in its warrants) may not exercise their warrants to the extent such exercise would cause such
warrant holder, together with its affiliates and attribution parties, to beneficially own a number of common shares which would
exceed 4.99% (which may be increased, but not to exceed 9.99%) of the Company&rsquo;s then outstanding common shares immediately
following such exercise, excluding for purposes of such determination common shares issuable upon exercise of the warrants which
have not been exercised. This provision does not limit a warrant holder from acquiring up to 4.99% of the Company&rsquo;s common
shares, selling all of their common shares, and re-acquiring up to 4.99% of the Company&rsquo;s common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left"><B>7</B></TD><TD STYLE="text-align: justify"><B>Loss per Share</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Basic earnings/(loss) per share
(&ldquo;EPS&rdquo;/&rsquo;&lsquo;LPS&rsquo;&rsquo;) is calculated by dividing the net profit/(loss) for the period attributable
to Globus shareholders by the weighted average number of shares issued, paid and outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Diluted earnings/(loss) per
share is calculated by dividing the net profit/(loss) attributable to common equity holders of the parent by the weighted average
shares outstanding during the period 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">The following reflects the
loss and share data used in the basic and diluted loss per share computations:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 82%; font: 10pt Times New Roman, Times, Serif; margin-right: 0.5in; margin-left: 1in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">June 30,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font-size: 10pt; text-align: justify; padding-bottom: 1pt">Loss attributable to common equity holders</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(3,473</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(2,473</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 2.5pt">Weighted average number of shares for basic and diluted LPS</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">3,642,256</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">3,196,161</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left">8</TD><TD STYLE="text-align: justify">Long-Term Debt, net</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Long-term debt in the
consolidated statement of financial position is analysed as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P><P STYLE="font-size: 10pt; text-align: center; padding-left: 0.125in"><B>Borrower</B></P></TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Loan <BR>
Balance</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Unamortized Debt <BR>
Discount</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total<BR>
 Borrowings</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 4%; font-size: 10pt; font-weight: bold; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt"><B>(a)</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 49%; font-size: 10pt; text-align: justify">Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., Artful Shipholding S.A. &amp; Longevity Maritime Limited</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">37,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">(874</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">)</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right">36,126</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt"><B>(b) </B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Globus Maritime Ltd. &ndash; Firment Shipping Inc.</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">307</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">307</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt"><B>(c) </B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Globus Maritime Ltd. &ndash; Convertible Note</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,248</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,248</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Total at June 30, 2019</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">38,555</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">(874</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">37,681</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">Less: Current Portion</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(1,248</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">274</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(974</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Long-Term Portion</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">37,307</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">(600</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">36,707</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify">Total at December 31, 2018</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">37,163</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">(295</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">36,868</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 1pt">Less: Current Portion</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(35,663</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">295</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">(35,368</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Long-Term Portion</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">1,500</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">1,500</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">Details of the Company&rsquo;s
credit facilities and debt securities are discussed in Note 12 of the Company&rsquo;s consolidated financial statements for the
year ended December 31, 2018, included in the 2018 Annual Report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">8</TD><TD STYLE="text-align: justify">Long-Term Debt, net (continued)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">As of June 30, 2019, the Company
was in compliance with the loan covenants of the agreements with the lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">In more detail:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>(a)</B></TD><TD STYLE="text-align: justify">In June 2019, Globus through its wholly owned subsidiaries,
Devocean Maritime Ltd.(the &ldquo;Borrower A&rdquo;), Domina Maritime Ltd.(the &ldquo;Borrower B&rdquo;), Dulac Maritime S.A.
(the &ldquo;Borrower C&rdquo;), Artful Shipholding S.A. .(the &ldquo;Borrower D&rdquo;) and Longevity Maritime Limited (the &ldquo;Borrower
E&rdquo;), 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 with EnTrust Global&rsquo;s Blue Ocean Fund for the purpose of refinancing
the existing indebtedness secured on the ships and for general corporate purposes. The loan facility is in the names of Devocean
Maritime Ltd., Domina Maritime Ltd, Dulac Maritime S.A., Artful Shipholding S.A. and Longevity Maritime Limited as the borrowers
and is guaranteed by Globus. The loan facility bears interest at LIBOR plus a margin of 8.50% (or 10.5% default interest) for
interest periods of three months. This loan facility will be referred as EnTrust loan facility.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">On June 24, 2019, the Company
drew down $37,000 and fully prepaid the existing loan facilities with Hamburg Commercial Bank AG (formerly known as HSH Nordbank
AG) and Macquarie Bank International Limited. The &ldquo;EnTrust&rdquo; loan facility consists of five Tranches:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">Tranche
(A) of $6,375 for the purpose of prepaying to Hamburg Commercial Bank AG the amount outstanding with respect to the m/v River Globe.
The balance outstanding of tranche (A) at June 30, 2019, was $6,375 payable in 6 equal quarterly instalments of $266 starting,
March 2021, as well as a balloon payment of $4,779 due together with the 6th and final instalment due in June 2022. This repayment
schedule is subject to alterations depending on the amount of &ldquo;Excess cash&rdquo;, as described in the loan agreement, which
could have already decreased the balloon amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">Tranche
(B) of $7,375 for the purpose of prepaying to Hamburg Commercial Bank AG the amount outstanding with respect to the m/v Sky Globe.
The balance outstanding of tranche (B) at June 30, 2019, was $7,375 payable in 6 equal quarterly instalments of $230 starting,
March 2021, as well as a balloon payment of $5,995 due together with the 6th and final instalment due in June 2022. This repayment
schedule is subject to alterations depending on the amount of &ldquo;Excess cash&rdquo;, as described in the loan agreement, which
could have already decreased the balloon amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">Tranche
(C) of $7,750 for the purpose of prepaying to Hamburg Commercial Bank AG the amount outstanding with respect to the m/v Star Globe.
The balance outstanding of tranche (C) at June 30, 2019, was $7,750 payable in 6 equal quarterly instalments of $215 starting,
March 2021, as well as a balloon payment of $6,460 due together with the 6th and final instalment due in June 2022. This repayment
schedule is subject to alterations depending on the amount of &ldquo;Excess cash&rdquo;, as described in the loan agreement, which
could have already decreased the balloon amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">Tranche
(D) of $6,500 for the purpose of prepaying to Macquarie Bank International Limited the amount outstanding with respect to the m/v
Moon Globe. The balance outstanding of tranche (D) at June 30, 2019, was $6,500 payable in 6 equal quarterly instalments of $406
starting, March 2021, as well as a balloon payment of $4,064 due together with the 6th and final instalment due in June 2022. This
repayment schedule is subject to alterations depending on the amount of &ldquo;Excess cash&rdquo;, as described in the loan agreement,
which could have already decreased the balloon amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">Tranche
(E) of $9,000 for the purpose of prepaying to Macquarie Bank International Limited the amount outstanding with respect to the m/v
Sun Globe. The balance outstanding of tranche (E) at June 30, 2019, was $9,000 payable in 6 equal quarterly instalments of $375
starting, March 2021, as well as a balloon payment of $6,750 due together with the 6th and final instalment due in June 2022. This
repayment schedule is subject to alterations depending on the amount of &ldquo;Excess cash&rdquo;, as described in the loan agreement,
which could have already decreased the balloon amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">The loan
is secured by, among other things:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">First
preferred mortgage over m/v River Globe, m/v Sky Globe, m/v Star Globe, m/v Moon Globe and m/v Sun Globe.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantees from
Globus and the vessel owning companies.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Assignment of all
insurances and earnings of the mortgaged vessels. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Assignment of charter
in respect of each vessel and an assignment of any guarantee or security in respect of such charters.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.75in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.75in; text-align: justify; text-indent: 0in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.75in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">8</TD><TD STYLE="text-align: justify">Long-Term Debt, net (continued)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.75in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The EnTrust loan facility contains
various covenants requiring the vessels owning companies and/or Globus to, amongst others things, ensure that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD STYLE="text-align: justify">The Borrowers shall maintain a minimum liquidity at
all times of not less than $250 for each mortgaged ship.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD STYLE="text-align: justify">The Parent Guarantor shall maintain, on a consolidated basis, at the end of each calendar quarter
liquid funds in an amount, in aggregate, of not less than 5 per cent of the consolidated &ldquo;Financial Indebtedness&rdquo;,
as described in the loan agreement, of the Group as reflected in the most recent financial statements of the Parent Guarantor.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD STYLE="text-align: justify">Each Borrower shall maintain in its earnings account during a &ldquo;Cash Sweep Period&rdquo;,
which is the period commencing on the relevant Utilisation Date and ending on 30 September 2019 and each three-month period thereafter
commencing on 1 January, 1 April, 1 July and 1 October in each financial year of that Borrower, with the last such three-month
period commencing on 30 June 2020 and ending on 30 September 2020, the applicable &ldquo;Buffer Amount&rdquo;, which is in relation
to a Borrower for a Cash Sweep Period, the product of:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">(a) an amount equal to the lower
of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">(i) $1,000; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">(ii) the difference between
the daily time charter equivalent rate of the Ship owned by that Borrower, as evidenced in the management accounts, and the &ldquo;Break-Even
Expenses&rdquo;, as described in the loan agreement, of that ship for that Cash Sweep Period; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.25in">(b) the
actual number of days lapsed during that Cash Sweep Period for that Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD STYLE="text-align: justify">Each of Borrower B, Borrower C and Borrower D shall create a reserve fund in the Reserve Account
to meet the anticipated dry docking and special survey fees and expenses for the Ship owned by it, by maintaining in the Reserve
Account a minimum credit balance (the &ldquo;Accruing Dry Docking and Special Survey Reserves&rdquo;) which 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),
in an amount equal to, at each Quarter End Date, the product of:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">(i) $500; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">(ii) the number of days elapsed
from the relevant Utilisation Date until such Quarter End Date, and that Borrower shall ensure that the credit balance of the Reserve
Account shall be increased to meet the required amount of the Accruing Dry Docking and Special Survey Reserves by no later than
each Quarter End Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Each of Borrower A and Borrower
E shall deposit on the relevant Utilisation Date in the Reserve Account to meet the anticipated dry docking and special survey
fees and expenses for Ship which is owned by it, a minimum credit balance in an amount equal to $450 which 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).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD STYLE="text-align: justify">No Borrower shall incur or permit to be outstanding any Financial Indebtedness except &ldquo;Permitted
Financial Indebtedness&rdquo;.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&ldquo;Permitted Financial Indebtedness&rdquo;
means:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">(a) any Financial Indebtedness
incurred under the Finance Documents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">(b) any Financial Indebtedness
that is subordinated to all Financial Indebtedness incurred under the Finance Documents pursuant to a Subordination Agreement or
otherwise and which is, in the case of any such Financial Indebtedness of the Borrower, the subject of Subordinated Debt Security;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">(c) any &ldquo;Permitted Trade
Debt&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&ldquo;Permitted Trade Debt&rdquo;
means any trade debt on arm&rsquo;s length commercial terms reasonably incurred in the ordinary course of owning, operating, trading,
chartering, maintaining and repairing a Ship which remains unpaid for over 15 days of its due date and which does not exceeds $400
(or the equivalent in any other currency) per Ship at any relevant time</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 3.3pt">As of June
30, 2019, the Company was in compliance with the covenants of EnTrust Loan Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><B>(b)</B></TD><TD STYLE="text-align: justify">Relating to the Firment Shipping Credit Facility during the Company converted to share capital,
as per the conversion clause included in the Firment Shipping Credit Facility, on April 23, 2019 the outstanding principal amount
of $3,100 plus the accrued interest of $70 with a conversion price of $2.80 per share and issued 1,132,191 new common shares on
behalf of Firment Shipping Inc. This conversion resulted to a gain of approximately $117, which was classified under &ldquo;gain
on derivative financial instruments&rdquo; in the consolidated statement of comprehensive loss.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: -28.35pt"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">8</TD><TD STYLE="text-align: justify">Long-Term Debt, net (continued)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0pt">As of June
30, 2019, the amount drawn and outstanding with respect to Firment Shipping Credit Facility was $800. The non-derivative host was
classified under &ldquo;long-term borrowings&rdquo; in the consolidated statement of financial position and was $307 and the derivative
component that was initially recognized amounted to $493 and was classified under &ldquo;fair value of derivative financial instruments&rdquo;
in the consolidated statement of financial position. For the period ended June 30, 2019, the Company recognized a gain on this
derivative financial instrument amounting to $9, which was classified under &ldquo;gain on derivative financial instruments&rdquo;
in the consolidated statement of comprehensive loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0pt">As of June 30, 2019,
there was an amount of $11,100 available to be drawn under the Firment Shipping Credit Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0pt">The Firment Shipping Credit
Facility requires that Athanasios Feidakis remain Chief Executive Officer and that Firment Shipping maintains at least a 40% shareholding
in Globus, other than due to actions taken by Firment Shipping, such as sales of shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 28.35pt; text-align: justify; text-indent: -25.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0pt">As of June
30, 2019, the Company was in compliance with the loan covenants of the Firment Shipping Credit Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>(c)</B></TD><TD STYLE="text-align: justify">On March 13, 2019, the Company signed a securities purchase
agreement with a private investor and on the same date issued, for gross proceeds of $5 million, a senior convertible note (the
&ldquo;Convertible Note&rdquo;) that is convertible into shares of the Company&rsquo;s common stock, par value $0.004 per share.
If not converted or redeemed beforehand pursuant to the terms of the Convertible Note, the Convertible Note matures upon the anniversary
of its issue. The Convertible Note was issued in a transaction exempt from registration under the Securities Act of 1933, as amended
(the &ldquo;Securities Act&rdquo;).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0pt">The Convertible Note provides
for interest to accrue at 10% annually, which interest shall be paid on the first anniversary of the Convertible Note&rsquo;s issuance
unless the Convertible Note is converted or redeemed pursuant to its terms beforehand. The interest may be paid in common shares
of the Company, if certain conditions described within the Convertible Note are met. With respect to the Convertible Note, the
Company also signed a registration rights agreement with the private investor pursuant to which it agreed to register for resale
the shares that could be issued pursuant to the Convertible Note. The registration rights agreement contains liquidated damages
if the Company is unable to register for resale the shares into which the Convertible Note may be converted, and maintain such
registration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0pt">As per the conversion clause
included in the Convertible Note, the Company has recognized this agreement as a hybrid agreement which includes an embedded derivative.
This embedded derivative was separated to the derivative component and the non-derivative host. The derivative component is 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 are recognized in the consolidated statement of comprehensive loss. As of June 30,
2019, the amount drawn and outstanding with respect to the Convertible Note was $5,000. The non-derivative host was classified
under &ldquo;long-term borrowings&rdquo; in the consolidated statement of financial position and was $1,248 and the derivative
component that was initially recognized amounted to $3,752 and was classified under &ldquo;fair value of derivative financial instruments&rdquo;
in the consolidated statement of financial position. For the period ended June 30, 2019, the Company recognized a gain on this
derivative financial instrument amounting to $1,397, which was classified under &ldquo;gain on derivative financial instruments&rdquo;
in the consolidated statement of comprehensive loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0pt">The
contractual annual loan principal payments per loan facility to be made subsequent to June 30, 2019, were as follows (maturities
have been determined as if no prepayments will occur):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center">(a)</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center">(b)</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center">(c)<BR>
Convertible</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center"></TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">June 30,</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">EnTrust</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Firment</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Note</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>Total</B></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 43%; font-size: 10pt; text-align: left">2020</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; font-size: 10pt; text-align: right">5,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; font-size: 10pt; text-align: right">5,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">2021</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,985</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">800</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">3,785</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">2022 and thereafter</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">34,015</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">34,015</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">37,000</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">800</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">5,000</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">42,800</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 23; Value: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">9</TD><TD STYLE="text-align: justify">Share Based Payment</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Share based payment
comprise the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Period from January 1 to June 30, 2019</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">Number of<BR>
 common shares</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">Number of<BR>
 preferred shares</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Issued <BR>
share<BR>
 Capital</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Share <BR>
premium</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 39%; font-size: 10pt; text-align: left; padding-bottom: 1pt">Non-executive directors payment</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">5,780</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">20</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">Total at June 30, 2019</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">5,780</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">20</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Period from January 1 to June 30, 2018</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">Number of<BR>
 common shares</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">Number of <BR>
preferred shares</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Issued <BR>
share<BR>
 Capital</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Share <BR>
premium</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 39%; font-size: 10pt; text-align: left; padding-bottom: 1pt">Non-executive directors payment</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">3,327</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">30</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">Total at June 30, 2018</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">3,327</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">30</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><B>Series A Preferred shares:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">As of June 30, 2019 and 2018,
there were no series A preferred shares outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">10</TD><TD STYLE="text-align: justify">Contingencies</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">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&rsquo;s vessels. Currently, management is not aware of any such claims or contingent liabilities, which
are material for disclosure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">11</TD><TD STYLE="text-align: justify">Commitments</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The Company enters into time
charter arrangements on its vessels. These non-cancellable arrangements had remaining terms between three days to three months
as of June 30, 2019 and between five days to seven months as of December 31, 2018, assuming redelivery at the earliest possible
date. Future net minimum lease revenues receivable under non-cancellable operating leases as of June 30, 2019 and December 31,
2018, are as follows (vessel off-hires and dry-docking days that could occur but are not currently known are not taken into consideration;
in addition early delivery of the vessels by the charterers is not accounted for):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">June 30, 2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">December 31, 2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 68%; font-size: 10pt; text-align: justify; padding-bottom: 1pt; text-indent: 0in">Within one year</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1,585</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,991</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt; text-indent: 0in">Total</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">1,585</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">2,991</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">These amounts
include consideration for other elements of the arrangement apart from the right to use the vessel such as crew expenses, maintenance
and consumable costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">At June 30,
2019, the Company was a party to an operating lease agreement as lessee. The operating lease relates to the office premises of
the Manager at a monthly rate of &euro;10.36 and for a lease period ending January 2, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">The future
minimum lease payments under this agreement as of June 30, 2019 assuming a Euro: US dollar exchange rate for 2019: 1:1.14, were
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">June 30, 2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 84%; font-size: 10pt; text-align: justify">Within one year</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; font-size: 10pt; text-align: right">165</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify">After one year but not more than five years</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">567</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">More than five years</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">72</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">804</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 24; Value: 5 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><B>12</B></TD><TD STYLE="text-align: justify"><B>Fair values</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0pt"><B>Carrying
amounts and fair values</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: -0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">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 2.28 of the Annual Report). 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; white-space: nowrap; padding-bottom: 1pt">Carrying amount<BR>
Other financial</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fair value</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-style: italic; border-bottom: Black 1pt solid">(in thousands of USD)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; white-space: nowrap">liabilities</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 1</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 2</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 3</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold">June&nbsp;30, 2019</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">Financial liabilities measured at fair value</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 34%; font-size: 10pt; text-align: left; padding-bottom: 1pt">Derivative financial instruments</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,839</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,839</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">2,839</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">2,839</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">Financial liabilities not measured at fair value</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Long-term borrowings</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">38,555</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">39,989</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">39,989</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">38,555</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; white-space: nowrap; padding-bottom: 1pt">Carrying amount<BR>
Other financial</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fair value</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-style: italic; border-bottom: Black 1pt solid">(in thousands of USD)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"> liabilities</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 1</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 2</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 3</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold">December&nbsp;31, 2018</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">Financial liabilities measured at fair value</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 34%; font-size: 10pt; text-align: left; padding-bottom: 1pt">Derivative financial instruments</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">831</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">831</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">831</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">831</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">Financial liabilities not measured at fair value</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Long-term borrowings</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">37,163</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">37,030</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">37,030</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">37,163</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>Measurement of
fair values</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>Valuation techniques
and significant unobservable inputs</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.25in; text-indent: 0in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.25in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="text-align: left; font: bold 10pt Times New Roman, Times, Serif; text-decoration: underline; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in">Financial instruments measured at fair value</P>



<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 32%; font-size: 10pt; font-weight: bold; font-style: italic; border-bottom: Black 1pt solid">Type</TD><TD STYLE="width: 2%; font-size: 10pt; font-weight: bold; font-style: italic; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 32%; font-size: 10pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid">Valuation Techniques</TD><TD STYLE="width: 2%; font-size: 10pt; font-weight: bold; font-style: italic; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 32%; font-size: 10pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid">Significant unobservable inputs</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Derivative financial instruments</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Black-Scholes model</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Refer to Note <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;2.30 of the </FONT>Annual Report</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: left; font: bold 10pt Times New Roman, Times, Serif; text-decoration: underline; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in">Financial instruments not measured at fair value</P>



<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 94%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: italic; border-bottom: Black 1pt solid; width: 32%">Type</TD><TD STYLE="font-size: 10pt; font-weight: bold; font-style: italic; padding-bottom: 1pt; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid; width: 32%">Valuation Techniques</TD><TD STYLE="font-size: 10pt; font-weight: bold; font-style: italic; padding-bottom: 1pt; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1pt solid; width: 32%">Significant unobservable inputs</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Long-term borrowings</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Discounted cash flow</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Discount rate</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>Transfers between Level 1, 2 and 3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">There have been no
transfers between Level 1 and Level 2 during the period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GLOBUS MARITIME LIMITED</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Amounts presented in thousands of U.S. Dollars - except for share, per share and warrants data, unless otherwise stated)</B></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

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<TD STYLE="width: 0.25in; text-align: left"><B>13</B></TD><TD STYLE="text-align: justify"><B>Events after the reporting date</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in"><B>Conversion
of part of the Convertible Note</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">Further
to the conversion clause included into the Convertible Note during July and September 2019 a total amount of approximately $428,
principal and accrued interest, was converted to share capital with the conversion price of $2.25 per share and a total number
of 190,403 new shares issued in name of the holder of the Convertible Note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.05pt 0pt 0.25in; text-align: justify; text-indent: 0in"></P>

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      <segment>
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      <instant>2018-12-31</instant>
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      <instant>2019-06-30</instant>
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      <identifier scheme="http://www.sec.gov/CIK">0001499780</identifier>
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        <xbrldi:explicitMember dimension="ifrs-full:ClassesOfShareCapitalAxis">ifrs-full:OrdinarySharesMember</xbrldi:explicitMember>
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        <xbrldi:explicitMember dimension="ifrs-full:ClassesOfShareCapitalAxis">glbs:ClassBCommonSharesMember</xbrldi:explicitMember>
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  <context id="FYp0YTD_ClassesOfShareCapitalAxis_October2017PrivatePlacementMember_RangeAxis_TopOfRangeMember">
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        <xbrldi:explicitMember dimension="ifrs-full:ClassesOfShareCapitalAxis">glbs:October2017PrivatePlacementMember</xbrldi:explicitMember>
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  <ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity contextRef="FYm1YTD_ComponentsOfEquityAxis_IssuedCapitalMember" unitRef="USD" decimals="-3">0</ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity>
  <ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity contextRef="FYm1YTD_ComponentsOfEquityAxis_SharePremiumMember" unitRef="USD" decimals="-3">600000</ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity>
  <ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity contextRef="FYm1YTD_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">0</ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity>
  <ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity contextRef="FYm1YTD" unitRef="USD" decimals="-3">600000</ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity>
  <ifrs-full:AdjustmentsForDepreciationExpense contextRef="FYp0YTD" unitRef="USD" decimals="-3">2348000</ifrs-full:AdjustmentsForDepreciationExpense>
  <ifrs-full:AdjustmentsForDepreciationExpense contextRef="FYm1YTD" unitRef="USD" decimals="-3">2281000</ifrs-full:AdjustmentsForDepreciationExpense>
  <glbs:AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts contextRef="FYp0YTD" unitRef="USD" decimals="-3">910000</glbs:AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts>
  <glbs:AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts contextRef="FYm1YTD" unitRef="USD" decimals="-3">494000</glbs:AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts>
  <glbs:PaymentsOfDeferredDryDockingCosts contextRef="FYp0YTD" unitRef="USD" decimals="-3">-481000</glbs:PaymentsOfDeferredDryDockingCosts>
  <glbs:PaymentsOfDeferredDryDockingCosts contextRef="FYm1YTD" unitRef="USD" decimals="-3">-290000</glbs:PaymentsOfDeferredDryDockingCosts>
  <ifrs-full:AdjustmentsForProvisions contextRef="FYp0YTD" unitRef="USD" decimals="-3">-63000</ifrs-full:AdjustmentsForProvisions>
  <ifrs-full:AdjustmentsForProvisions contextRef="FYm1YTD" unitRef="USD" decimals="-3">2000</ifrs-full:AdjustmentsForProvisions>
  <ifrs-full:AdjustmentsForFinanceCosts contextRef="FYp0YTD" unitRef="USD" decimals="-3">2278000</ifrs-full:AdjustmentsForFinanceCosts>
  <ifrs-full:AdjustmentsForFinanceCosts contextRef="FYm1YTD" unitRef="USD" decimals="-3">1027000</ifrs-full:AdjustmentsForFinanceCosts>
  <ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains contextRef="FYp0YTD" unitRef="USD" decimals="-3">-2000</ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains>
  <ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains contextRef="FYm1YTD" unitRef="USD" decimals="-3">-61000</ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains>
  <ifrs-full:AdjustmentsForSharebasedPayments contextRef="FYp0YTD" unitRef="USD" decimals="-3">20000</ifrs-full:AdjustmentsForSharebasedPayments>
  <ifrs-full:AdjustmentsForSharebasedPayments contextRef="FYm1YTD" unitRef="USD" decimals="-3">30000</ifrs-full:AdjustmentsForSharebasedPayments>
  <ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable contextRef="FYp0YTD" unitRef="USD" decimals="-3">-302000</ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable>
  <ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable contextRef="FYm1YTD" unitRef="USD" decimals="-3">56000</ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable>
  <ifrs-full:AdjustmentsForDecreaseIncreaseInInventories contextRef="FYp0YTD" unitRef="USD" decimals="-3">228000</ifrs-full:AdjustmentsForDecreaseIncreaseInInventories>
  <ifrs-full:AdjustmentsForDecreaseIncreaseInInventories contextRef="FYm1YTD" unitRef="USD" decimals="-3">263000</ifrs-full:AdjustmentsForDecreaseIncreaseInInventories>
  <ifrs-full:AdjustmentsForDecreaseIncreaseInOtherAssets contextRef="FYp0YTD" unitRef="USD" decimals="-3">-827000</ifrs-full:AdjustmentsForDecreaseIncreaseInOtherAssets>
  <ifrs-full:AdjustmentsForDecreaseIncreaseInOtherAssets contextRef="FYm1YTD" unitRef="USD" decimals="-3">-931000</ifrs-full:AdjustmentsForDecreaseIncreaseInOtherAssets>
  <ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable contextRef="FYp0YTD" unitRef="USD" decimals="-3">-991000</ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable>
  <ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable contextRef="FYm1YTD" unitRef="USD" decimals="-3">285000</ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable>
  <glbs:AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables contextRef="FYp0YTD" unitRef="USD" decimals="-3">54000</glbs:AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables>
  <glbs:AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables contextRef="FYm1YTD" unitRef="USD" decimals="-3">396000</glbs:AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables>
  <glbs:AdjustmentsForIncreaseDecreaseInDeferredRevenue contextRef="FYp0YTD" unitRef="USD" decimals="-3">64000</glbs:AdjustmentsForIncreaseDecreaseInDeferredRevenue>
  <glbs:AdjustmentsForIncreaseDecreaseInDeferredRevenue contextRef="FYm1YTD" unitRef="USD" decimals="-3">150000</glbs:AdjustmentsForIncreaseDecreaseInDeferredRevenue>
  <ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="FYp0YTD" unitRef="USD" decimals="-3">-1818000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
  <ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="FYm1YTD" unitRef="USD" decimals="-3">1229000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
  <ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="FYp0YTD" unitRef="USD" decimals="-3">-4000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
  <ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="FYm1YTD" unitRef="USD" decimals="-3">-43000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
  <ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="FYp0YTD" unitRef="USD" decimals="-3">1830000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="FYm1YTD" unitRef="USD" decimals="-3">2244000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents contextRef="FYp0YTD" unitRef="USD" decimals="-3">-809000</ifrs-full:CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents>
  <ifrs-full:CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents contextRef="FYm1YTD" unitRef="USD" decimals="-3">210000</ifrs-full:CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents>
  <ifrs-full:InterestPaidClassifiedAsFinancingActivities contextRef="FYp0YTD" unitRef="USD" decimals="-3">1833000</ifrs-full:InterestPaidClassifiedAsFinancingActivities>
  <ifrs-full:InterestPaidClassifiedAsFinancingActivities contextRef="FYm1YTD" unitRef="USD" decimals="-3">920000</ifrs-full:InterestPaidClassifiedAsFinancingActivities>
  <ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="FYp0YTD" unitRef="USD" decimals="-3">4485000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
  <ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="FYm1YTD" unitRef="USD" decimals="-3">-2354000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
  <ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges contextRef="FYp0YTD" unitRef="USD" decimals="-3">2663000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges>
  <ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges contextRef="FYm1YTD" unitRef="USD" decimals="-3">-1168000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges>
  <ifrs-full:ProceedsFromIssuingShares contextRef="FYp0YTD" unitRef="USD" decimals="-3">0</ifrs-full:ProceedsFromIssuingShares>
  <ifrs-full:ProceedsFromIssuingShares contextRef="FYm1YTD" unitRef="USD" decimals="-3">600000</ifrs-full:ProceedsFromIssuingShares>
  <ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="FYp0YTD" unitRef="USD" decimals="-3">0</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
  <ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="FYm1YTD" unitRef="USD" decimals="-3">26000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
  <ifrs-full:PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities contextRef="FYp0YTD" unitRef="USD" decimals="-3">13000</ifrs-full:PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities>
  <ifrs-full:PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities contextRef="FYm1YTD" unitRef="USD" decimals="-3">17000</ifrs-full:PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities>
  <ifrs-full:CashAndCashEquivalents contextRef="FYm2Q4e" unitRef="USD" decimals="-3">2756000</ifrs-full:CashAndCashEquivalents>
  <ifrs-full:CashAndCashEquivalents contextRef="FYm1Qp0e" unitRef="USD" decimals="-3">1588000</ifrs-full:CashAndCashEquivalents>
  <ifrs-full:InterestReceivedClassifiedAsInvestingActivities contextRef="FYp0YTD" unitRef="USD" decimals="-3">9000</ifrs-full:InterestReceivedClassifiedAsInvestingActivities>
  <ifrs-full:InterestReceivedClassifiedAsInvestingActivities contextRef="FYm1YTD" unitRef="USD" decimals="-3">0</ifrs-full:InterestReceivedClassifiedAsInvestingActivities>
  <ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives contextRef="FYp0YTD" unitRef="USD" decimals="-3">1572000</ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives>
  <ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives contextRef="FYm1YTD" unitRef="USD" decimals="-3">0</ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives>
  <ifrs-full:AdjustmentsForInterestIncome contextRef="FYp0YTD" unitRef="USD" decimals="-3">9000</ifrs-full:AdjustmentsForInterestIncome>
  <ifrs-full:AdjustmentsForInterestIncome contextRef="FYm1YTD" unitRef="USD" decimals="-3">0</ifrs-full:AdjustmentsForInterestIncome>
  <ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="FYp0YTD" unitRef="USD" decimals="-3">43700000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="FYm1YTD" unitRef="USD" decimals="-3">0</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:PaymentsForDebtIssueCosts contextRef="FYp0YTD" unitRef="USD" decimals="-3">880000</ifrs-full:PaymentsForDebtIssueCosts>
  <ifrs-full:PaymentsForDebtIssueCosts contextRef="FYm1YTD" unitRef="USD" decimals="-3">0</ifrs-full:PaymentsForDebtIssueCosts>
  <glbs:DebtInstrumentPrepaymentAmount contextRef="FYp0YTD" unitRef="USD" decimals="-3">33833000</glbs:DebtInstrumentPrepaymentAmount>
  <glbs:DebtInstrumentPrepaymentAmount contextRef="FYm1YTD" unitRef="USD" decimals="-3">0</glbs:DebtInstrumentPrepaymentAmount>
  <ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="FYp0YTD" unitRef="USD" decimals="-3">30000</ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities>
  <ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="FYm1YTD" unitRef="USD" decimals="-3">0</ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities>
  <ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_GlobusShipmanagementCorpMember">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
  <ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_DevoceanMaritimeLtdMember">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
  <ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_DominaMaritimeLtdMember">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
  <ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_DulacMaritimeSAMember">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
  <ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_ArtfulShipholdingSAMember">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
  <ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_LongevityMaritimeLimitedMember">Malta</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
  <glbs:VesselDeliveryDate contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_DevoceanMaritimeLtdMember">December 18, 2007</glbs:VesselDeliveryDate>
  <glbs:VesselDeliveryDate contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_DominaMaritimeLtdMember">May 19, 2010</glbs:VesselDeliveryDate>
  <glbs:VesselDeliveryDate contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_DulacMaritimeSAMember">May 25, 2010</glbs:VesselDeliveryDate>
  <glbs:VesselDeliveryDate contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_ArtfulShipholdingSAMember">June 22, 2011</glbs:VesselDeliveryDate>
  <glbs:VesselDeliveryDate contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_LongevityMaritimeLimitedMember">September 15, 2011</glbs:VesselDeliveryDate>
  <ifrs-full:NameOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_GlobusShipmanagementCorpMember">Management Co. </ifrs-full:NameOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_DevoceanMaritimeLtdMember">m/v River Globe</ifrs-full:NameOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_DominaMaritimeLtdMember">m/v Sky Globe</ifrs-full:NameOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_DulacMaritimeSAMember">m/v Star Globe</ifrs-full:NameOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_ArtfulShipholdingSAMember">m/v Moon Globe</ifrs-full:NameOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="FYp0YTD_SignificantInvestmentsInSubsidiariesAxis_LongevityMaritimeLimitedMember">m/v Sun Globe</ifrs-full:NameOfSubsidiary>
  <ifrs-full:IncreaseDecreaseInWorkingCapital contextRef="FYp0YTD" unitRef="USD" decimals="-3">4089000</ifrs-full:IncreaseDecreaseInWorkingCapital>
  <ifrs-full:UndrawnBorrowingFacilities contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">11100000</ifrs-full:UndrawnBorrowingFacilities>
  <ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments contextRef="d30-09-2019_NonadjustingEventsAfterReportingPeriodAxis_ReserveOfEquityComponentOfConvertibleInstrumentsMember" unitRef="USD" decimals="-3">428000</ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments>
  <ifrs-full:DepreciationRightofuseAssets contextRef="FYp0YTD_CounterpartiesAxis_CyberonicaMember" unitRef="USD" decimals="-3">56000</ifrs-full:DepreciationRightofuseAssets>
  <ifrs-full:InterestExpenseOnLeaseLiabilities contextRef="FYp0YTD_CounterpartiesAxis_CyberonicaMember" unitRef="USD" decimals="-3">26000</ifrs-full:InterestExpenseOnLeaseLiabilities>
  <ifrs-full:RightofuseAssets contextRef="i01-01-2019_CounterpartiesAxis_CyberonicaMember" unitRef="USD" decimals="-3">674000</ifrs-full:RightofuseAssets>
  <ifrs-full:LeaseLiabilities contextRef="i01-01-2019_CounterpartiesAxis_CyberonicaMember" unitRef="USD" decimals="-3">674000</ifrs-full:LeaseLiabilities>
  <ifrs-full:OperatingLeaseIncome contextRef="FYp0YTD_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" unitRef="USD" decimals="-3">3081000</ifrs-full:OperatingLeaseIncome>
  <ifrs-full:RevenueFromRenderingOfServices contextRef="FYp0YTD_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" unitRef="USD" decimals="-3">3861000</ifrs-full:RevenueFromRenderingOfServices>
  <ifrs-full:CashOnHand contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">6000</ifrs-full:CashOnHand>
  <ifrs-full:CashOnHand contextRef="FYm1Q4e" unitRef="USD" decimals="-3">46000</ifrs-full:CashOnHand>
  <ifrs-full:BalancesWithBanks contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">2703000</ifrs-full:BalancesWithBanks>
  <ifrs-full:BalancesWithBanks contextRef="FYm1Q4e" unitRef="USD" decimals="-3">0</ifrs-full:BalancesWithBanks>
  <ifrs-full:RestrictedCashAndCashEquivalents contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">2159000</ifrs-full:RestrictedCashAndCashEquivalents>
  <glbs:NumberOfSharesHeldByControllingParty contextRef="FYp0Qp0e" unitRef="shares" decimals="0">1252258</glbs:NumberOfSharesHeldByControllingParty>
  <glbs:ProportionOfOwnershipInterestsHeldByControllingParty contextRef="FYp0YTD" unitRef="pure" decimals="4">0.29</glbs:ProportionOfOwnershipInterestsHeldByControllingParty>
  <ifrs-full:Ships contextRef="FYm1Q4e_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember_ClassesOfPropertyPlantAndEquipmentAxis_ShipsMember" unitRef="USD" decimals="-3">179427000</ifrs-full:Ships>
  <ifrs-full:Ships contextRef="FYp0Qp0e_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember_ClassesOfPropertyPlantAndEquipmentAxis_ShipsMember" unitRef="USD" decimals="-3">179427000</ifrs-full:Ships>
  <glbs:AccumulatedDepreciationPropertyPlantAndEquipment contextRef="FYm1Q4e_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember_ClassesOfPropertyPlantAndEquipmentAxis_ShipsMember" unitRef="USD" decimals="-3">97280000</glbs:AccumulatedDepreciationPropertyPlantAndEquipment>
  <glbs:AccumulatedDepreciationPropertyPlantAndEquipment contextRef="FYp0Qp0e_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember_ClassesOfPropertyPlantAndEquipmentAxis_ShipsMember" unitRef="USD" decimals="-3">99550000</glbs:AccumulatedDepreciationPropertyPlantAndEquipment>
  <ifrs-full:Ships contextRef="FYm1Q4e_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember_ClassesOfPropertyPlantAndEquipmentAxis_DryDockingMember" unitRef="USD" decimals="-3">6978000</ifrs-full:Ships>
  <ifrs-full:Ships contextRef="FYp0Qp0e_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember_ClassesOfPropertyPlantAndEquipmentAxis_DryDockingMember" unitRef="USD" decimals="-3">6973000</ifrs-full:Ships>
  <ifrs-full:Ships contextRef="FYm1Q4e_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_CarryingAmountIMember" unitRef="USD" decimals="-3">83750000</ifrs-full:Ships>
  <ifrs-full:Ships contextRef="FYp0Qp0e_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_CarryingAmountIMember" unitRef="USD" decimals="-3">80565000</ifrs-full:Ships>
  <glbs:AccumulatedDepreciationPropertyPlantAndEquipment contextRef="FYm1Q4e_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember_ClassesOfPropertyPlantAndEquipmentAxis_DryDockingMember" unitRef="USD" decimals="-3">5375000</glbs:AccumulatedDepreciationPropertyPlantAndEquipment>
  <glbs:AccumulatedDepreciationPropertyPlantAndEquipment contextRef="FYp0Qp0e_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember_ClassesOfPropertyPlantAndEquipmentAxis_DryDockingMember" unitRef="USD" decimals="-3">6285000</glbs:AccumulatedDepreciationPropertyPlantAndEquipment>
  <ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="FYp0YTD_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember_ClassesOfPropertyPlantAndEquipmentAxis_ShipsMember" unitRef="USD" decimals="-3">0</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
  <ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="FYp0YTD_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_CarryingAmountIMember" unitRef="USD" decimals="-3">5000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
  <ifrs-full:DepreciationAndAmortisationExpense contextRef="FYp0YTD_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_CarryingAmountIMember" unitRef="USD" decimals="-3">3180000</ifrs-full:DepreciationAndAmortisationExpense>
  <ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="FYp0YTD_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember_ClassesOfPropertyPlantAndEquipmentAxis_DryDockingMember" unitRef="USD" decimals="-3">5000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
  <ifrs-full:DepreciationAndAmortisationExpense contextRef="FYp0YTD_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember_ClassesOfPropertyPlantAndEquipmentAxis_ShipsMember" unitRef="USD" decimals="-3">2270000</ifrs-full:DepreciationAndAmortisationExpense>
  <ifrs-full:DepreciationAndAmortisationExpense contextRef="FYp0YTD_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember_ClassesOfPropertyPlantAndEquipmentAxis_DryDockingMember" unitRef="USD" decimals="-3">910000</ifrs-full:DepreciationAndAmortisationExpense>
  <ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="FYp0YTD" unitRef="USD" decimals="-3">5000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
  <ifrs-full:DepreciationAndAmortisationExpense contextRef="FYp0YTD" unitRef="USD" decimals="-3">3180000</ifrs-full:DepreciationAndAmortisationExpense>
  <glbs:ValueOfSharesAuthorised contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="USD" decimals="-3">2000000</glbs:ValueOfSharesAuthorised>
  <glbs:ValueOfSharesAuthorised contextRef="FYm1Q4e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="USD" decimals="-3">2000000</glbs:ValueOfSharesAuthorised>
  <glbs:ValueOfSharesAuthorised contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_ClassBCommonSharesMember" unitRef="USD" decimals="-3">100000</glbs:ValueOfSharesAuthorised>
  <glbs:ValueOfSharesAuthorised contextRef="FYm1Q4e_ClassesOfShareCapitalAxis_ClassBCommonSharesMember" unitRef="USD" decimals="-3">100000</glbs:ValueOfSharesAuthorised>
  <glbs:ValueOfSharesAuthorised contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_PreferenceSharesMember" unitRef="USD" decimals="-3">100000</glbs:ValueOfSharesAuthorised>
  <glbs:ValueOfSharesAuthorised contextRef="FYm1Q4e_ClassesOfShareCapitalAxis_PreferenceSharesMember" unitRef="USD" decimals="-3">100000</glbs:ValueOfSharesAuthorised>
  <glbs:ValueOfSharesAuthorised contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">2200000</glbs:ValueOfSharesAuthorised>
  <glbs:ValueOfSharesAuthorised contextRef="FYm1Q4e" unitRef="USD" decimals="-3">2200000</glbs:ValueOfSharesAuthorised>
  <ifrs-full:NumberOfSharesAuthorised contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="shares" decimals="0">500000000</ifrs-full:NumberOfSharesAuthorised>
  <ifrs-full:NumberOfSharesAuthorised contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_ClassBCommonSharesMember" unitRef="shares" decimals="0">100000000</ifrs-full:NumberOfSharesAuthorised>
  <ifrs-full:NumberOfSharesAuthorised contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_PreferenceSharesMember" unitRef="shares" decimals="0">100000000</ifrs-full:NumberOfSharesAuthorised>
  <ifrs-full:ParValuePerShare contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_ClassBCommonSharesMember" unitRef="EPS" decimals="4">0.001</ifrs-full:ParValuePerShare>
  <ifrs-full:ParValuePerShare contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="EPS" decimals="4">0.004</ifrs-full:ParValuePerShare>
  <ifrs-full:ParValuePerShare contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_PreferenceSharesMember" unitRef="EPS" decimals="4">0.001</ifrs-full:ParValuePerShare>
  <ifrs-full:IssuedCapital contextRef="FYm1Q4e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="USD" decimals="-3">13000</ifrs-full:IssuedCapital>
  <ifrs-full:NumberOfSharesIssuedAndFullyPaid contextRef="FYm1Q4e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="shares" decimals="0">3209327</ifrs-full:NumberOfSharesIssuedAndFullyPaid>
  <ifrs-full:NumberOfSharesIssuedAndFullyPaid contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="shares" decimals="0">4347298</ifrs-full:NumberOfSharesIssuedAndFullyPaid>
  <glbs:IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions contextRef="FYp0YTD_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="shares" decimals="0">5780</glbs:IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions>
  <ifrs-full:IssuedCapital contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="USD" decimals="-3">17000</ifrs-full:IssuedCapital>
  <ifrs-full:NumberOfSharesIssuedAndFullyPaid contextRef="FYm2Q4e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="shares" decimals="0">3163042</ifrs-full:NumberOfSharesIssuedAndFullyPaid>
  <ifrs-full:NumberOfSharesIssuedAndFullyPaid contextRef="FYm1Qp0e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="shares" decimals="0">3203869</ifrs-full:NumberOfSharesIssuedAndFullyPaid>
  <glbs:IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions contextRef="FYm1YTD_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="shares" decimals="0">3327</glbs:IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions>
  <glbs:IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity contextRef="FYm1YTD_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="shares" decimals="0">37500</glbs:IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity>
  <ifrs-full:IssuedCapital contextRef="FYm2Q4e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="USD" decimals="-3">13000</ifrs-full:IssuedCapital>
  <ifrs-full:IssuedCapital contextRef="FYm1Qp0e_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="USD" decimals="-3">13000</ifrs-full:IssuedCapital>
  <glbs:IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments contextRef="FYp0YTD_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="shares" decimals="0">1132191</glbs:IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments>
  <ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments contextRef="FYp0YTD_ClassesOfShareCapitalAxis_OrdinarySharesMember" unitRef="USD" decimals="-3">4000</ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments>
  <glbs:NumberOfSharesCalledByWarrants contextRef="FYm1Qp0e_ClassesOfShareCapitalAxis_February2017PrivatePlacementMember" unitRef="shares" decimals="0">3052320</glbs:NumberOfSharesCalledByWarrants>
  <glbs:NumberOfWarrantsOutstanding contextRef="FYm1Qp0e_ClassesOfShareCapitalAxis_February2017PrivatePlacementMember" unitRef="shares" decimals="0">3052320</glbs:NumberOfWarrantsOutstanding>
  <glbs:MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants contextRef="FYp0YTD_ClassesOfShareCapitalAxis_October2017PrivatePlacementMember_RangeAxis_TopOfRangeMember" unitRef="pure" decimals="4">0.0999</glbs:MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants>
  <glbs:NumberOfWarrantsExercised contextRef="FYm1YTD_ClassesOfShareCapitalAxis_February2017PrivatePlacementMember" unitRef="shares" decimals="0">37500</glbs:NumberOfWarrantsExercised>
  <glbs:ProceedsFromWarrantExercises contextRef="FYm1YTD_ClassesOfShareCapitalAxis_February2017PrivatePlacementMember" unitRef="USD" decimals="-3">600000</glbs:ProceedsFromWarrantExercises>
  <glbs:NumberOfSharesCalledByWarrants contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_October2017PrivatePlacementMember" unitRef="shares" decimals="0">1250000</glbs:NumberOfSharesCalledByWarrants>
  <glbs:NumberOfWarrantsOutstanding contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_October2017PrivatePlacementMember" unitRef="shares" decimals="0">1250000</glbs:NumberOfWarrantsOutstanding>
  <glbs:MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants contextRef="FYp0YTD_ClassesOfShareCapitalAxis_October2017PrivatePlacementMember" unitRef="pure" decimals="4">0.0499</glbs:MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants>
  <glbs:NumberOfWarrantsOutstanding contextRef="FYm1Qp0e_ClassesOfShareCapitalAxis_October2017PrivatePlacementMember" unitRef="shares" decimals="0">1250000</glbs:NumberOfWarrantsOutstanding>
  <glbs:NumberOfSharesCalledByWarrants contextRef="FYm1Qp0e_ClassesOfShareCapitalAxis_October2017PrivatePlacementMember" unitRef="shares" decimals="0">1250000</glbs:NumberOfSharesCalledByWarrants>
  <ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity contextRef="FYp0YTD" unitRef="USD" decimals="-3">-3473000</ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity>
  <ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity contextRef="FYm1YTD" unitRef="USD" decimals="-3">-2473000</ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity>
  <ifrs-full:WeightedAverageShares contextRef="FYp0YTD" unitRef="shares" decimals="0">3642256</ifrs-full:WeightedAverageShares>
  <ifrs-full:WeightedAverageShares contextRef="FYm1YTD" unitRef="shares" decimals="0">3196161</ifrs-full:WeightedAverageShares>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_CategoriesOfRelatedPartiesAxis_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" unitRef="USD" decimals="-3">37000000</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_BorrowingsByNameAxis_FirmentShippingIncLoanAgreementMember_CategoriesOfRelatedPartiesAxis_GlobusMaritimeLtdMember" unitRef="USD" decimals="-3">307000</glbs:BorrowingsGross>
  <glbs:DebtInstrumentUnamortisedDiscount contextRef="FYp0Qp0e_CategoriesOfRelatedPartiesAxis_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" unitRef="USD" decimals="-3">-874000</glbs:DebtInstrumentUnamortisedDiscount>
  <glbs:DebtInstrumentUnamortisedDiscount contextRef="FYp0Qp0e_BorrowingsByNameAxis_FirmentShippingIncLoanAgreementMember_CategoriesOfRelatedPartiesAxis_GlobusMaritimeLtdMember" unitRef="USD" decimals="-3">0</glbs:DebtInstrumentUnamortisedDiscount>
  <glbs:DebtInstrumentUnamortisedDiscount contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">-874000</glbs:DebtInstrumentUnamortisedDiscount>
  <ifrs-full:Borrowings contextRef="FYp0Qp0e_CategoriesOfRelatedPartiesAxis_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" unitRef="USD" decimals="-3">36126000</ifrs-full:Borrowings>
  <ifrs-full:Borrowings contextRef="FYp0Qp0e_BorrowingsByNameAxis_FirmentShippingIncLoanAgreementMember_CategoriesOfRelatedPartiesAxis_GlobusMaritimeLtdMember" unitRef="USD" decimals="-3">307000</ifrs-full:Borrowings>
  <glbs:DebtInstrumentUnamortisedDiscount contextRef="FYm1Q4e" unitRef="USD" decimals="-3">-295000</glbs:DebtInstrumentUnamortisedDiscount>
  <ifrs-full:Borrowings contextRef="FYm1Q4e" unitRef="USD" decimals="-3">36868000</ifrs-full:Borrowings>
  <glbs:CurrentPortionOfLongTermBorrowingsGross contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">1248000</glbs:CurrentPortionOfLongTermBorrowingsGross>
  <glbs:CurrentPortionOfLongTermBorrowingsGross contextRef="FYm1Q4e" unitRef="USD" decimals="-3">35663000</glbs:CurrentPortionOfLongTermBorrowingsGross>
  <glbs:CurrentPortionOfDebtInstrumentUnamortisedDiscount contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">274000</glbs:CurrentPortionOfDebtInstrumentUnamortisedDiscount>
  <glbs:CurrentPortionOfDebtInstrumentUnamortisedDiscount contextRef="FYm1Q4e" unitRef="USD" decimals="-3">295000</glbs:CurrentPortionOfDebtInstrumentUnamortisedDiscount>
  <glbs:LongTermBorrowingsGross contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">37307000</glbs:LongTermBorrowingsGross>
  <glbs:LongTermBorrowingsGross contextRef="FYm1Q4e" unitRef="USD" decimals="-3">1500000</glbs:LongTermBorrowingsGross>
  <glbs:LongTermDebtInstrumentUnamortisedDiscount contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">-600000</glbs:LongTermDebtInstrumentUnamortisedDiscount>
  <glbs:LongTermDebtInstrumentUnamortisedDiscount contextRef="FYm1Q4e" unitRef="USD" decimals="-3">0</glbs:LongTermDebtInstrumentUnamortisedDiscount>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-3">0</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_BorrowingsByNameAxis_ConvertibleNoteMember_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-3">5000000</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">38555000</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYm1Q4e" unitRef="USD" decimals="-3">37163000</glbs:BorrowingsGross>
  <ifrs-full:Borrowings contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">37681000</ifrs-full:Borrowings>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember" unitRef="USD" decimals="-3">37000000</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_BorrowingsByNameAxis_ConvertibleNoteMember" unitRef="USD" decimals="-3">5000000</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-3">2985000</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_BorrowingsByNameAxis_ConvertibleNoteMember_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-3">0</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-3">5000000</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-3">3785000</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_BorrowingsByNameAxis_ConvertibleNoteMember_CategoriesOfRelatedPartiesAxis_GlobusMaritimeLtdMember" unitRef="USD" decimals="-3">1248000</glbs:BorrowingsGross>
  <glbs:DebtInstrumentUnamortisedDiscount contextRef="FYp0Qp0e_BorrowingsByNameAxis_ConvertibleNoteMember_CategoriesOfRelatedPartiesAxis_GlobusMaritimeLtdMember" unitRef="USD" decimals="-3">0</glbs:DebtInstrumentUnamortisedDiscount>
  <ifrs-full:Borrowings contextRef="FYp0Qp0e_BorrowingsByNameAxis_ConvertibleNoteMember_CategoriesOfRelatedPartiesAxis_GlobusMaritimeLtdMember" unitRef="USD" decimals="-3">1248000</ifrs-full:Borrowings>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_MaturityAxis_LaterThanTwoYearsMember" unitRef="USD" decimals="-3">34015000</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_MaturityAxis_LaterThanTwoYearsMember" unitRef="USD" decimals="-3">34015000</glbs:BorrowingsGross>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_BorrowingsByNameAxis_ConvertibleNoteMember_MaturityAxis_LaterThanTwoYearsMember" unitRef="USD" decimals="-3">0</glbs:BorrowingsGross>
  <glbs:ConvertibleDebtIncludingEmbeddedDerivative contextRef="FYp0Qp0e_BorrowingsByNameAxis_FirmentShippingIncLoanAgreementMember_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-3">800000</glbs:ConvertibleDebtIncludingEmbeddedDerivative>
  <glbs:ConvertibleDebtIncludingEmbeddedDerivative contextRef="FYp0Qp0e_BorrowingsByNameAxis_FirmentShippingIncLoanAgreementMember_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-3">0</glbs:ConvertibleDebtIncludingEmbeddedDerivative>
  <glbs:ConvertibleDebtIncludingEmbeddedDerivative contextRef="FYp0Qp0e_BorrowingsByNameAxis_FirmentShippingIncLoanAgreementMember_MaturityAxis_LaterThanTwoYearsMember" unitRef="USD" decimals="-3">0</glbs:ConvertibleDebtIncludingEmbeddedDerivative>
  <glbs:ConvertibleDebtIncludingEmbeddedDerivative contextRef="FYp0Qp0e_BorrowingsByNameAxis_FirmentShippingIncLoanAgreementMember" unitRef="USD" decimals="-3">800000</glbs:ConvertibleDebtIncludingEmbeddedDerivative>
  <glbs:ConvertibleDebtIncludingEmbeddedDerivative contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">42800000</glbs:ConvertibleDebtIncludingEmbeddedDerivative>
  <ifrs-full:BorrowingsInterestRateBasis contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember">Libor</ifrs-full:BorrowingsInterestRateBasis>
  <ifrs-full:BorrowingsAdjustmentToInterestRateBasis contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember" unitRef="pure" decimals="4">0.085</ifrs-full:BorrowingsAdjustmentToInterestRateBasis>
  <glbs:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember" unitRef="USD" decimals="-3">37000000</glbs:LineOfCreditFacilityMaximumBorrowingCapacity>
  <ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="d24-06-2019_BorrowingsByNameAxis_EnTrustMember" unitRef="USD" decimals="-3">37000000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheAMember" unitRef="USD" decimals="-3">6375000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:Borrowings contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheAMember" unitRef="USD" decimals="-3">6375000</ifrs-full:Borrowings>
  <glbs:BorrowingsNumberOfPeriodicPayments contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheAMember" unitRef="pure" decimals="4">6</glbs:BorrowingsNumberOfPeriodicPayments>
  <glbs:BorrowingsFrequencyOfPeriodicPayment contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheAMember">quarterly</glbs:BorrowingsFrequencyOfPeriodicPayment>
  <glbs:BorrowingsPeriodicPayment contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheAMember" unitRef="USD" decimals="-3">266000</glbs:BorrowingsPeriodicPayment>
  <glbs:BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheAMember" unitRef="USD" decimals="-3">4779000</glbs:BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid>
  <ifrs-full:BorrowingsMaturity contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheAMember">June 2022</ifrs-full:BorrowingsMaturity>
  <ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheBMember" unitRef="USD" decimals="-3">7375000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:Borrowings contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheBMember" unitRef="USD" decimals="-3">7375000</ifrs-full:Borrowings>
  <glbs:BorrowingsNumberOfPeriodicPayments contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheBMember" unitRef="pure" decimals="4">6</glbs:BorrowingsNumberOfPeriodicPayments>
  <glbs:BorrowingsFrequencyOfPeriodicPayment contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheBMember">quarterly</glbs:BorrowingsFrequencyOfPeriodicPayment>
  <glbs:BorrowingsPeriodicPayment contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheBMember" unitRef="USD" decimals="-3">230000</glbs:BorrowingsPeriodicPayment>
  <glbs:BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheBMember" unitRef="USD" decimals="-3">5995000</glbs:BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid>
  <ifrs-full:BorrowingsMaturity contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheBMember">June 2022</ifrs-full:BorrowingsMaturity>
  <ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheCMember" unitRef="USD" decimals="-3">7750000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheDMember" unitRef="USD" decimals="-3">6500000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheEMember" unitRef="USD" decimals="-3">9000000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:Borrowings contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheCMember" unitRef="USD" decimals="-3">7750000</ifrs-full:Borrowings>
  <ifrs-full:Borrowings contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheDMember" unitRef="USD" decimals="-3">6500000</ifrs-full:Borrowings>
  <ifrs-full:Borrowings contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheEMember" unitRef="USD" decimals="-3">9000000</ifrs-full:Borrowings>
  <glbs:BorrowingsNumberOfPeriodicPayments contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheCMember" unitRef="pure" decimals="4">6</glbs:BorrowingsNumberOfPeriodicPayments>
  <glbs:BorrowingsNumberOfPeriodicPayments contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheDMember" unitRef="pure" decimals="4">6</glbs:BorrowingsNumberOfPeriodicPayments>
  <glbs:BorrowingsNumberOfPeriodicPayments contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheEMember" unitRef="pure" decimals="4">6</glbs:BorrowingsNumberOfPeriodicPayments>
  <glbs:BorrowingsFrequencyOfPeriodicPayment contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheCMember">quarterly</glbs:BorrowingsFrequencyOfPeriodicPayment>
  <glbs:BorrowingsFrequencyOfPeriodicPayment contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheDMember">quarterly</glbs:BorrowingsFrequencyOfPeriodicPayment>
  <glbs:BorrowingsFrequencyOfPeriodicPayment contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheEMember">quarterly</glbs:BorrowingsFrequencyOfPeriodicPayment>
  <glbs:BorrowingsPeriodicPayment contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheCMember" unitRef="USD" decimals="-3">215000</glbs:BorrowingsPeriodicPayment>
  <glbs:BorrowingsPeriodicPayment contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheDMember" unitRef="USD" decimals="-3">406000</glbs:BorrowingsPeriodicPayment>
  <glbs:BorrowingsPeriodicPayment contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheEMember" unitRef="USD" decimals="-3">375000</glbs:BorrowingsPeriodicPayment>
  <glbs:BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheCMember" unitRef="USD" decimals="-3">6460000</glbs:BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid>
  <glbs:BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheDMember" unitRef="USD" decimals="-3">4064000</glbs:BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid>
  <glbs:BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheEMember" unitRef="USD" decimals="-3">6750000</glbs:BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid>
  <ifrs-full:BorrowingsMaturity contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheCMember">June 2022</ifrs-full:BorrowingsMaturity>
  <ifrs-full:BorrowingsMaturity contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheDMember">June 2022</ifrs-full:BorrowingsMaturity>
  <ifrs-full:BorrowingsMaturity contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_TrancheEMember">June 2022</ifrs-full:BorrowingsMaturity>
  <glbs:CompensatingBalanceAmountPerVessel contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_RangeAxis_BottomOfRangeMember" unitRef="USD" decimals="-3">250000</glbs:CompensatingBalanceAmountPerVessel>
  <glbs:LiquidityToConsolidatedIndebtednessRatio contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_RangeAxis_BottomOfRangeMember" unitRef="pure" decimals="4">0.05</glbs:LiquidityToConsolidatedIndebtednessRatio>
  <ifrs-full:Borrowings contextRef="i23-04-2019_BorrowingsByNameAxis_FirmentTradingLimitedLoanAgreementMember" unitRef="USD" decimals="-3">3100000</ifrs-full:Borrowings>
  <ifrs-full:InterestPayable contextRef="i23-04-2019_BorrowingsByNameAxis_FirmentTradingLimitedLoanAgreementMember" unitRef="USD" decimals="-3">70000</ifrs-full:InterestPayable>
  <glbs:DebtInstrumentConvertibleConversionPrice contextRef="i23-04-2019_BorrowingsByNameAxis_FirmentTradingLimitedLoanAgreementMember" unitRef="EPS" decimals="4">2.8</glbs:DebtInstrumentConvertibleConversionPrice>
  <ifrs-full:IncreaseDecreaseInNumberOfSharesOutstanding contextRef="d23-04-2019_BorrowingsByNameAxis_FirmentTradingLimitedLoanAgreementMember" unitRef="shares" decimals="0">1132191</ifrs-full:IncreaseDecreaseInNumberOfSharesOutstanding>
  <ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives contextRef="d23-04-2019_BorrowingsByNameAxis_FirmentTradingLimitedLoanAgreementMember" unitRef="USD" decimals="-3">117000</ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives>
  <ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives contextRef="FYp0YTD_BorrowingsByNameAxis_FirmentTradingLimitedLoanAgreementMember" unitRef="USD" decimals="-3">9000</ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives>
  <ifrs-full:LongtermBorrowings contextRef="FYp0Qp0e_BorrowingsByNameAxis_FirmentTradingLimitedLoanAgreementMember" unitRef="USD" decimals="-3">307000</ifrs-full:LongtermBorrowings>
  <ifrs-full:NoncurrentDerivativeFinancialLiabilities contextRef="FYp0Qp0e_BorrowingsByNameAxis_FirmentTradingLimitedLoanAgreementMember" unitRef="USD" decimals="-3">493000</ifrs-full:NoncurrentDerivativeFinancialLiabilities>
  <ifrs-full:UndrawnBorrowingFacilities contextRef="FYp0Qp0e_BorrowingsByNameAxis_FirmentTradingLimitedLoanAgreementMember" unitRef="USD" decimals="-3">11100000</ifrs-full:UndrawnBorrowingFacilities>
  <ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="FYp0YTD_BorrowingsByNameAxis_FirmentTradingLimitedLoanAgreementMember" unitRef="USD" decimals="-3">800000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
  <glbs:DebtInstrumentConvertibleConversionPrice contextRef="i13-03-2019_BorrowingsByNameAxis_ConvertibleNoteMember" unitRef="EPS" decimals="4">0.004</glbs:DebtInstrumentConvertibleConversionPrice>
  <ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="FYp0YTD_BorrowingsByNameAxis_ConvertibleNoteMember" unitRef="USD" decimals="-3">5000000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
  <ifrs-full:NoncurrentDerivativeFinancialLiabilities contextRef="FYp0Qp0e_BorrowingsByNameAxis_ConvertibleNoteMember" unitRef="USD" decimals="-3">3752000</ifrs-full:NoncurrentDerivativeFinancialLiabilities>
  <ifrs-full:LongtermBorrowings contextRef="FYp0Qp0e_BorrowingsByNameAxis_ConvertibleNoteMember" unitRef="USD" decimals="-3">1248000</ifrs-full:LongtermBorrowings>
  <ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives contextRef="FYp0YTD_BorrowingsByNameAxis_ConvertibleNoteMember" unitRef="USD" decimals="-3">1397000</ifrs-full:GainsLossesOnChangeInFairValueOfDerivatives>
  <glbs:DebtSecuritiesCovenants contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember">Each Borrower shall maintain in its earnings account during a &#8220;Cash Sweep Period&#8221;, which is the period commencing on the relevant Utilisation Date and ending on 30 September 2019 and each three-month period thereafter commencing on 1 January, 1 April, 1 July and 1 October in each financial year of that Borrower, with the last such three-month period commencing on 30 June 2020 and ending on 30 September 2020, the applicable &#8220;Buffer Amount&#8221;, which is in relation to a Borrower for a Cash Sweep Period, the product of: (a) an amount equal to the lower of: (i) $1,000; and (ii) the difference between the daily time charter equivalent rate of the Ship owned by that Borrower, as evidenced in the management accounts, and the &#8220;Break-Even Expenses&#8221;, as described in the loan agreement, of that ship for that Cash Sweep Period; and (b) the actual number of days lapsed during that Cash Sweep Period for that Borrower. No Borrower shall incur or permit to be outstanding any Financial Indebtedness except &#8220;Permitted Financial Indebtedness&#8221;. "Permitted Financial Indebtedness" means: (a) any Financial Indebtedness incurred under the Finance Documents; (b) any Financial Indebtedness that is subordinated to all Financial Indebtedness incurred under the Finance Documents pursuant to a Subordination Agreement or otherwise and which is, in the case of any such Financial Indebtedness of the Borrower, the subject of Subordinated Debt Security; and (c) any &#8220;Permitted Trade Debt&#8221;. "Permitted Trade Debt" means any trade debt on arm's length commercial terms reasonably incurred in the ordinary course of owning, operating, trading, chartering, maintaining and repairing a Ship which remains unpaid for over 15 days of its due date and which does not exceeds $400 (or the equivalent in any other currency) per Ship at any relevant time


</glbs:DebtSecuritiesCovenants>
  <glbs:DebtSecuritiesCovenants contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_BorrowerBBorrowerCBorrowerDMember">Each of Borrower B, Borrower C and Borrower D shall create a reserve fund in the Reserve Account to meet the anticipated dry docking and special survey fees and expenses for the Ship owned by it, by maintaining in the Reserve Account a minimum credit balance (the "Accruing Dry Docking and Special Survey Reserves") which 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), in an amount equal to, at each Quarter End Date, the product of: (i) $500; and (ii) the number of days elapsed from the relevant Utilisation Date until such Quarter End Date, and that Borrower shall ensure that the credit balance of the Reserve Account shall be increased to meet the required amount of the Accruing Dry Docking and Special Survey Reserves by no later than each Quarter End Date.</glbs:DebtSecuritiesCovenants>
  <glbs:DebtSecuritiesCovenants contextRef="FYp0YTD_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_BorrowerABorrowerEMember">Each of Borrower A and Borrower E shall deposit on the relevant Utilisation Date in the Reserve Account to meet the anticipated dry docking and special survey fees and expenses for Ship which is owned by it, a minimum credit balance in an amount equal to $450 which 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).</glbs:DebtSecuritiesCovenants>
  <glbs:CashSegregatedUnderCovenantRequirements contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember_CreditFacilityAxis_BorrowerABorrowerEMember" unitRef="USD" decimals="-3">450000</glbs:CashSegregatedUnderCovenantRequirements>
  <ifrs-full:ProportionOfOwnershipInterestInAssociate contextRef="FYp0YTD_CategoriesOfRelatedPartiesAxis_FirmentShippingMember" unitRef="pure" decimals="4">0.4</ifrs-full:ProportionOfOwnershipInterestInAssociate>
  <ifrs-full:DebtSecurities contextRef="i13-03-2019_BorrowingsByNameAxis_ConvertibleNoteMember" unitRef="USD" decimals="-3">5000000000</ifrs-full:DebtSecurities>
  <glbs:DebtInstrumentInterestRateStatedPercentage contextRef="FYp0Qp0e_BorrowingsByNameAxis_ConvertibleNoteMember" unitRef="pure" decimals="4">0.1</glbs:DebtInstrumentInterestRateStatedPercentage>
  <glbs:LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms contextRef="FYp0YTD_BorrowingsByNameAxis_ConvertibleNoteMember">annually</glbs:LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms>
  <glbs:BorrowingsDefaultInterestRate contextRef="FYp0Qp0e_BorrowingsByNameAxis_EnTrustMember" unitRef="pure" decimals="4">0.105</glbs:BorrowingsDefaultInterestRate>
  <ifrs-full:IncreaseDecreaseInNumberOfOrdinarySharesIssued contextRef="FYp0YTD_CategoriesOfRelatedPartiesAxis_NonExecutiveDirectorsMember_ClassesOfShareCapitalAxis_NumberOfOrdinarySharesMember" unitRef="shares" decimals="0">5780</ifrs-full:IncreaseDecreaseInNumberOfOrdinarySharesIssued>
  <ifrs-full:IncreaseDecreaseInNumberOfOrdinarySharesIssued contextRef="FYp0YTD_ClassesOfShareCapitalAxis_NumberOfOrdinarySharesMember" unitRef="shares" decimals="0">5780</ifrs-full:IncreaseDecreaseInNumberOfOrdinarySharesIssued>
  <ifrs-full:IncreaseDecreaseInNumberOfOrdinarySharesIssued contextRef="FYm1YTD_CategoriesOfRelatedPartiesAxis_NonExecutiveDirectorsMember_ClassesOfShareCapitalAxis_NumberOfOrdinarySharesMember" unitRef="shares" decimals="0">3327</ifrs-full:IncreaseDecreaseInNumberOfOrdinarySharesIssued>
  <ifrs-full:IncreaseDecreaseInNumberOfOrdinarySharesIssued contextRef="FYm1YTD_ClassesOfShareCapitalAxis_NumberOfOrdinarySharesMember" unitRef="shares" decimals="0">3327</ifrs-full:IncreaseDecreaseInNumberOfOrdinarySharesIssued>
  <ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions contextRef="FYp0YTD_CategoriesOfRelatedPartiesAxis_NonExecutiveDirectorsMember_ComponentsOfEquityAxis_SharePremiumMember" unitRef="USD" decimals="-3">20000</ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions>
  <ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions contextRef="FYm1YTD_CategoriesOfRelatedPartiesAxis_NonExecutiveDirectorsMember_ComponentsOfEquityAxis_SharePremiumMember" unitRef="USD" decimals="-3">30000</ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions>
  <ifrs-full:NumberOfSharesOutstanding contextRef="FYp0Qp0e_ClassesOfShareCapitalAxis_SeriesaPreferredSharesMember" unitRef="shares" decimals="0">0</ifrs-full:NumberOfSharesOutstanding>
  <ifrs-full:NumberOfSharesOutstanding contextRef="FYm1Qp0e_ClassesOfShareCapitalAxis_SeriesaPreferredSharesMember" unitRef="shares" decimals="0">0</ifrs-full:NumberOfSharesOutstanding>
  <glbs:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="FYp0Qp0e_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-3">165000</glbs:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
  <glbs:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="FYp0Qp0e_MaturityAxis_LaterThanOneYearAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-3">567000</glbs:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
  <glbs:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="FYp0Qp0e_MaturityAxis_LaterThanFiveYearsMember" unitRef="USD" decimals="-3">72000</glbs:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
  <glbs:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">804000</glbs:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
  <glbs:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="FYp0Qp0e_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-3">1585000</glbs:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
  <glbs:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="FYm1Q4e_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-3">2991000</glbs:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
  <glbs:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">1585000</glbs:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
  <glbs:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="FYm1Q4e" unitRef="USD" decimals="-3">2991000</glbs:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
  <ifrs-full:AverageForeignExchangeRate contextRef="FYp0YTD" unitRef="EuroUSD" decimals="4">1.14</ifrs-full:AverageForeignExchangeRate>
  <glbs:MonthlyRentalExpense contextRef="FYp0YTD" unitRef="EUR" decimals="3">10360</glbs:MonthlyRentalExpense>
  <ifrs-full:NoncurrentDerivativeFinancialLiabilities contextRef="FYp0Qp0e_MeasurementAxis_AtFairValueMember" unitRef="USD" decimals="-3">2839000</ifrs-full:NoncurrentDerivativeFinancialLiabilities>
  <ifrs-full:NoncurrentDerivativeFinancialLiabilities contextRef="FYp0Qp0e_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember_MeasurementAxis_AtFairValueMember" unitRef="USD" decimals="-3">2839000</ifrs-full:NoncurrentDerivativeFinancialLiabilities>
  <ifrs-full:FinancialLiabilitiesAtFairValue contextRef="FYp0Qp0e_MeasurementAxis_AtFairValueMember" unitRef="USD" decimals="-3">2839000</ifrs-full:FinancialLiabilitiesAtFairValue>
  <ifrs-full:FinancialLiabilities contextRef="FYp0Qp0e_MeasurementAxis_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" unitRef="USD" decimals="-3">38555000</ifrs-full:FinancialLiabilities>
  <glbs:BorrowingsGross contextRef="FYp0Qp0e_MeasurementAxis_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" unitRef="USD" decimals="-3">38555000</glbs:BorrowingsGross>
  <ifrs-full:FinancialLiabilities contextRef="FYp0Qp0e_LevelsOfFairValueHierarchyAxis_Level2OfFairValueHierarchyMember_MeasurementAxis_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" unitRef="USD" decimals="-3">39989000</ifrs-full:FinancialLiabilities>
  <ifrs-full:FinancialLiabilities contextRef="FYp0Qp0e" unitRef="USD" decimals="-3">39989000</ifrs-full:FinancialLiabilities>
  <ifrs-full:NoncurrentDerivativeFinancialLiabilities contextRef="FYm1Q4e_MeasurementAxis_AtFairValueMember" unitRef="USD" decimals="-3">831000</ifrs-full:NoncurrentDerivativeFinancialLiabilities>
  <ifrs-full:FinancialLiabilitiesAtFairValue contextRef="FYm1Q4e_MeasurementAxis_AtFairValueMember" unitRef="USD" decimals="-3">831000</ifrs-full:FinancialLiabilitiesAtFairValue>
  <ifrs-full:NoncurrentDerivativeFinancialLiabilities contextRef="FYm1Q4e_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember_MeasurementAxis_AtFairValueMember" unitRef="USD" decimals="-3">831000</ifrs-full:NoncurrentDerivativeFinancialLiabilities>
  <ifrs-full:FinancialLiabilities contextRef="FYm1Q4e_MeasurementAxis_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" unitRef="USD" decimals="-3">37163000</ifrs-full:FinancialLiabilities>
  <glbs:BorrowingsGross contextRef="FYm1Q4e_MeasurementAxis_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" unitRef="USD" decimals="-3">37163000</glbs:BorrowingsGross>
  <ifrs-full:FinancialLiabilities contextRef="FYm1Q4e_LevelsOfFairValueHierarchyAxis_Level2OfFairValueHierarchyMember_MeasurementAxis_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" unitRef="USD" decimals="-3">37030000</ifrs-full:FinancialLiabilities>
  <ifrs-full:FinancialLiabilities contextRef="FYm1Q4e" unitRef="USD" decimals="-3">37030000</ifrs-full:FinancialLiabilities>
  <glbs:DebtInstrumentConvertibleConversionPrice contextRef="i30-09-2019_NonadjustingEventsAfterReportingPeriodAxis_ReserveOfEquityComponentOfConvertibleInstrumentsMember" unitRef="EPS" decimals="4">2.25</glbs:DebtInstrumentConvertibleConversionPrice>
  <ifrs-full:NumberOfSharesIssued contextRef="i30-09-2019_NonadjustingEventsAfterReportingPeriodAxis_ReserveOfEquityComponentOfConvertibleInstrumentsMember" unitRef="shares" decimals="0">190403</ifrs-full:NumberOfSharesIssued>
  <ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:506.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr&gt;&lt;td style="width:154.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Company&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Country of Incorporation&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:78.9pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Vessel Delivery&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Date&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:145.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Vessel Owned&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3.25pt"&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:78.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:145.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Globus Shipmanagement Corp.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Marshall Islands&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:78.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:145.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Management Co.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:506.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Devocean Maritime Ltd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Marshall Islands&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;December 18, 2007&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;m/v River Globe&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Domina Maritime Ltd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Marshall Islands&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;May 19, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;m/v Sky Globe&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Dulac Maritime S.A.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Marshall Islands&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;May 25, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;m/v Star Globe&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Artful Shipholding S.A. &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Marshall Islands &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;June 22, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;m/v Moon Globe&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Longevity Maritime Limited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Malta&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;September 15, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;m/v Sun Globe&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="_DV_M40"&gt;&lt;/a&gt;&lt;a name="_DV_M42"&gt;&lt;/a&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory>
  <glbs:DisclosureOfCashAndBankBalancesExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:439.2pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June &lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;30, &lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.05pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;December 31, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Cash on hand&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.1pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;6&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.05pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;46&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Cash at banks&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,703&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.1pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,709&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;46&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</glbs:DisclosureOfCashAndBankBalancesExplanatory>
  <ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;h1 style="margin-top:0pt; margin-bottom:0pt; text-align:justify; page-break-after:avoid; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;4&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Transactions with Related Parties&lt;/font&gt;&lt;/h1&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Details of the Company&amp;#8217;s transactions with related parties did not change in the six-month period ended June 30, 2019 and are discussed in Note 4 of the Company&amp;#8217;s consolidated financial statements for the year ended December 31, 2018, included in the 2018 Annual Report except for the transactions described below.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The ultimate controlling party of the Company is Mr. George Feidakis who beneficially owns 1,252,258 common shares as of June 30, 2019 through Firment Shipping Inc., a Marshall Islands corporation for which he exercises sole voting and investment power. As at June 30, 2019, Mr Feidakis beneficially owned 29% of Globus&amp;#8217; shares.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory>
  <glbs:DisclosureOfPropertyPlantAndEquipmentConsolidatedStatementOfFinancialPositionExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:465.45pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:37.85pt"&gt;&lt;td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Vessels cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Vessels depreciation&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Dry docking costs&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Depreciation of dry docking costs&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Net Book Value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.15pt"&gt;&lt;td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Balance at&amp;#160; January 1, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:44.4pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;179,427&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.55pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(97,280)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:48.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;6,978&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:61.95pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(5,375)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:54.6pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;83,750&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.15pt"&gt;&lt;td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Additions&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(5)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(5)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.15pt"&gt;&lt;td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Depreciation &amp;amp; Amortization&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(2,270)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(910)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(3,180)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.15pt"&gt;&lt;td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Balance at June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:44.4pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;179,427&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.55pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(99,550)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:48.2pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;6,973&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:61.95pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(6,285)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:54.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;80,565&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</glbs:DisclosureOfPropertyPlantAndEquipmentConsolidatedStatementOfFinancialPositionExplanatory>
  <ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:442.95pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June 30,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Authorised share capital:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;500,000,000 Common Shares of par value $0.004 each&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100,000,000 Class B common shares of par value $0.001 each&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100,000,000 Preferred shares of par value $0.001 each &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total authorised share capital&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,200&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,200&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory>
  <glbs:DisclosureOfCommonSharesExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:411.1pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Common Shares issued and fully paid&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of shares &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;USD&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;As at January 1, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;3,209,327&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;13&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Issued during the period for share based compensation (Note 9)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;5,780&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Issuance of common stocks due conversion of loan &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;1,132,191&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;4&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;As at June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;4,347,298&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;17&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:411.1pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Common Shares issued and fully paid&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of shares &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;USD&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;As at January 1, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;3,163,042&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;13&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Issued during the period for share based compensation (Note 9)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;3,327&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Issuance of common stocks due to exercise of warrants &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;37,500&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;As at June 30, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;3,203,869&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;13&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</glbs:DisclosureOfCommonSharesExplanatory>
  <glbs:DisclosureOfEarningsPerShareTableExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:389.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" style="width:102.6pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June 30,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Loss attributable to common equity holders&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(3,473)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(2,473)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Weighted average number of shares for basic and diluted LPS&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;3,642,256&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;3,196,161&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</glbs:DisclosureOfEarningsPerShareTableExplanatory>
  <ifrs-full:DisclosureOfEarningsPerShareExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;7&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Loss per Share&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Basic earnings/(loss) per share (&amp;#8220;EPS&amp;#8221;/&amp;#8216;&amp;#8216;LPS&amp;#8217;&amp;#8217;) is calculated by dividing the net profit/(loss) for the period attributable to Globus shareholders by the weighted average number of shares issued, paid and outstanding.&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Diluted earnings/(loss) per share is calculated by dividing the net profit/(loss) attributable to common equity holders of the parent by the weighted average shares outstanding during the period 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. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The following reflects the loss and share data used in the basic and diluted loss per share computations:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:389.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="DM_MAP_ddf15e2302f1451794a6987c6e9987ed"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" style="width:102.6pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June 30,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Loss attributable to common equity holders&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(3,473)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(2,473)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Weighted average number of shares for basic and diluted LPS&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;3,642,256&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;3,196,161&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfEarningsPerShareExplanatory>
  <glbs:DisclosureOfShareBasedPayment contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:455.05pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:22.3pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Period from January 1 to June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of common shares&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of preferred shares &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Issued share Capital&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Share premium&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Non-executive directors payment &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;5,780&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;20&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total at June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;5,780&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;20&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:455.05pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:22.3pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Period from January 1 to June 30, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of common shares&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of preferred shares &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Issued share Capital&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Share premium&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Non-executive directors payment &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;3,327&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;30&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total at June 30, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;3,327&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;30&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</glbs:DisclosureOfShareBasedPayment>
  <ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;h1 style="margin-top:0pt; margin-bottom:0pt; text-align:justify; page-break-after:avoid; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;9&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Share Based Payment&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;/h1&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Share based payment comprise the following:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:455.05pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:22.3pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="DM_MAP_ba5d41842ba14645b0689a3ea82d4e3d"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Period from January 1 to June 30, 2019&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of common shares&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of preferred shares &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Issued share Capital&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Share premium&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Non-executive directors payment &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;5,780&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;20&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total at June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;5,780&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;20&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:455.05pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:22.3pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Period from January 1 to June 30, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of common shares&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of preferred shares &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Issued share Capital&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Share premium&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Non-executive directors payment &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;3,327&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;30&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.15pt"&gt;&lt;td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total at June 30, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;3,327&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;30&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Series A Preferred shares:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019 and 2018, there were no series A preferred shares outstanding.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory>
  <glbs:DisclosureOfFutureMinimumLeasePaymentsExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:408pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:69.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Within one year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;165&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;After one year but not more than five years&lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-size:8pt"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;567&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;More than five years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;72&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:69.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;804&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</glbs:DisclosureOfFutureMinimumLeasePaymentsExplanatory>
  <glbs:DisclosureOfFairValuesExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:474.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Carrying amount&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="width:160.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:27.7pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-style:italic"&gt;(in thousands of USD)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Other financial liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 1&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 2&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 3&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June&lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Financial liabilities measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Derivative financial instruments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,839&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,839&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,839&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,839&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:10.6pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Financial liabilities not measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Long-term borrowings&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;38,555&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;39,989&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;39,989&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-top:1pt solid #002060; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;38,555&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:474.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Carrying amount&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="width:160.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:27.7pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-style:italic"&gt;(in thousands of USD)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Other financial liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 1&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 2&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 3&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;December&lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;31, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Financial liabilities measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Derivative financial instruments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;831&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;831&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;831&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;831&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:10.6pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Financial liabilities not measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Long-term borrowings&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;37,163&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;37,030&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,030&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-top:1pt solid #002060; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,163&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</glbs:DisclosureOfFairValuesExplanatory>
  <ifrs-full:DisclosureOfFairValueMeasurementExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;12&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Fair values&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; line-height:13pt"&gt;&lt;font style="font-family:'Times New Roman'; font-size:9pt; font-weight:bold"&gt;Carrying amounts and fair values&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; line-height:13pt"&gt;&lt;font style="font-family:'Times New Roman'; font-size:9pt; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;in the fair value hierarchy (as defined in note 2.28 of the &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Annual Report&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;). It does not include fair value information for financial &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value, such &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;as cash and cash equivalents, restricted cash, trade receivables and trade payables.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:474.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;a name="DM_MAP_a8ef222534e7489fb83c0e04f2d80f2a"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Carrying amount&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="width:160.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:27.7pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-style:italic"&gt;(in thousands of USD)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Other financial liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 1&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 2&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 3&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June&lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Financial liabilities measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Derivative financial instruments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,839&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,839&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,839&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,839&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:10.6pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Financial liabilities not measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Long-term borrowings&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;38,555&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;39,989&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;39,989&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-top:1pt solid #002060; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;38,555&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:474.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Carrying amount&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="width:160.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:27.7pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-style:italic"&gt;(in thousands of USD)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Other financial liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 1&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 2&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Level 3&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;December&lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;31, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Financial liabilities measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Derivative financial instruments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;831&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;831&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;831&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;831&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:10.6pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.1pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Financial liabilities not measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Long-term borrowings&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;37,163&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;37,030&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,030&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.8pt"&gt;&lt;td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:79.35pt; border-top:1pt solid #002060; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,163&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.85pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:33.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:25.45pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; line-height:13pt"&gt;&lt;font style="font-family:'Times New Roman'; font-size:9pt; font-weight:bold"&gt;Measurement of fair values&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; line-height:13pt"&gt;&lt;font style="font-family:'Times New Roman'; font-size:9pt; font-weight:bold"&gt;Valuation techniques and significant unobservable inputs&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The following tables show the valuation techniques used in measuring Level 1, Level 2 and Level 3 fair values, as well as the &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"&gt;&lt;a name="FIS_UNIDENTIFIED_TABLE_33"&gt;&lt;/a&gt;&lt;a name="FIS_UNIDENTIFIED_TABLE_34"&gt;&lt;/a&gt;&lt;font style="font-family:'Times New Roman'"&gt;significant unobservable inputs used.&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:471pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:29.5pt"&gt;&lt;td style="width:188.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold; text-decoration:underline"&gt;Financial instruments measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:7.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:22.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:31.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:92.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:17.4pt"&gt;&lt;td style="width:188.9pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;a name="RANGE_B372"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"&gt;Type&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:7.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="width:124.85pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"&gt;Valuation Techniques&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:92.55pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"&gt;Significant unobservable inputs&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:14.25pt"&gt;&lt;td style="width:188.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:7.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:22.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:31.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:92.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3.4pt"&gt;&lt;td style="width:188.9pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Derivative financial instruments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:7.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="width:124.85pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Black-Scholes model &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:92.55pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Refer to Note &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; 2.30 of the &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Annual Report&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.5pt"&gt;&lt;td style="width:188.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:7.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:22.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:31.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:92.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.5pt"&gt;&lt;td style="width:188.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold; text-decoration:underline"&gt;Financial instruments not measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:7.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:22.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:31.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:92.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:22.35pt"&gt;&lt;td style="width:188.9pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;a name="RANGE_B379"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"&gt;Type&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:7.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="width:124.85pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"&gt;Valuation Techniques&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:92.55pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"&gt;Significant unobservable inputs&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:11.5pt"&gt;&lt;td style="width:188.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:7.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:22.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:34.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:31.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:92.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.2pt"&gt;&lt;td style="width:188.9pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Long-term borrowings&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:7.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="width:124.85pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Discounted cash flow&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:3pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:92.55pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Discount rate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-indent:28.35pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-indent:28.35pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-indent:28.35pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Transfers between Level 1, 2 and 3&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-indent:28.35pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-indent:28.35pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;There have been no transfers between Level 1 and Level 2 during the period.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfFairValueMeasurementExplanatory>
  <ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;13&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Events after the reporting date&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 36pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Conversion of part of the Convertible Note&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Further to the conversion clause included into the Convertible Note during July and September 2019 a total amount of approximately $428, principal and accrued interest, was converted to share capital with the conversion price of $2.25 per share and a total number of 190,403 new shares issued in name of the holder of the Convertible Note.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory>
  <ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The accounting policies adopted are consistent with those of the previous financial year except for the following amended IFRS which have been adopted by the Company as of January 1, 2019:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IFRS 16: Leases&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, i.e. the customer (&amp;#8216;lessee&amp;#8217;) and the supplier (&amp;#8216;lessor&amp;#8217;). The new standard requires lessees to recognize most leases on their financial statements. Lessees will have a single accounting model for all leases, with certain exemptions. Lessor accounting is substantially unchanged. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Group has initially adopted IFRS 16 on January 1, 2019 using the modified retrospective approach under which the comparative information presented for 2018 has not been restated and is presented as it was previously reported under IAS 17 and related interpretations. On transition, the Company has elected to apply the practical expedients available for leases with a remaining lease term of less than one year and leases of low value assets. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;At transition, the Company identified the rental agreement with Cyberonica S.A., to give rise to a right of use asset and a corresponding liability estimated to approximately $674 as of January 1, 2019, calculated as the present value of minimum future lease payments. The discount rate used is the incremental cost of borrowing. In addition, the nature and recognition of expenses related to those leases changed as IFRS 16 replaced the straight-line operating lease expense with a depreciation charge for right-of-use assets and interest expense on lease liabilities. The depreciation charge for right-of-use assets for the period ended June 30, 2019 was approximately $56 and the interest expense on lease liabilities for the same period was approximately $26.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;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 in 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&amp;#8217;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. The Company believes that the standalone transaction price attributable to the technical management service component 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 consist of the crew expenses, maintenance and consumable costs and was approximately $3,861 for the six month period ended June 30, 2019. The lease component that is disclosed then is calculated as the difference between total revenue and the non-lease component revenue and was approximately $3,081 for the six month period ended June 30, 2019.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IFRS 9: Prepayment features with negative compensation (Amendment)&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Amendment allows financial assets with prepayment features that permit or require a party to a contract either to pay or receive reasonable compensation for the early termination of the contract (so that, from the perspective of the holder of the asset there may be &amp;#8216;negative compensation&amp;#8217;), to be measured at amortized cost or at fair value through other comprehensive income. Management has assessed that these amendments have no impact on the Company&amp;#8217;s financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IAS 28: Long-term Interests in Associates and Joint Ventures (Amendments)&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Amendments relate to whether the measurement, in particular impairment requirements, of long term interests in associates and joint ventures that, in substance, form part of the &amp;#8216;net investment&amp;#8217; in the associate or joint venture should be governed by IFRS 9, IAS 28 or a combination of both. The Amendments clarify that an entity applies IFRS 9 Financial Instruments, before it applies IAS 28, to such long-term interests for which the equity method is not applied. In applying IFRS 9, the entity does not take account of any adjustments to the carrying amount of long- term interests that arise from applying IAS 28. Management has assessed that these amendments has no impact on its financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IFRIC INTERPETATION 23: Uncertainty over Income Tax Treatments &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Interpretation addresses the accounting for income taxes when tax treatments involve uncertainty that affects the application of IAS 12. The Interpretation provides guidance on considering uncertain tax treatments separately or together, examination by tax authorities, the appropriate method to reflect uncertainty and accounting for changes in facts and circumstances. Management has assessed that this interpretation have no impact on the Company&amp;#8217;s financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IAS 19: Plan Amendment, Curtailment or Settlement (Amendments)&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Amendments require entities to use updated actuarial assumptions to determine current service cost and net interest for the remainder of the annual reporting period after a plan amendment, curtailment or settlement has occurred. The Amendments also clarify how the accounting for a plan amendment, curtailment or settlement affects applying the asset ceiling requirements. Management has assessed that these amendments have no impact on the Company&amp;#8217;s financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;The IASB has issued the Annual Improvements to IFRSs 2015 &amp;#8211; 2017 Cycle&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;, which is a collection of amendments to IFRSs. Management has assessed that these amendments have no impact on its financial position or performance.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;IFRS 3 Business Combinations and IFRS 11 Joint Arrangements: The amendments to IFRS 3 clarify that when an entity obtains control of a business that is a joint operation, it remeasures previously held interests in that business. The amendments to IFRS 11 clarify that when an entity obtains joint control of a business that is a joint operation, the entity does not remeasure previously held interests in that business.&lt;/font&gt;&lt;/li&gt;&lt;li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;IAS 12 Income Taxes: The amendments clarify that the income tax consequences of payments on financial instruments classified as equity should be recognized according to where the past transactions or events that generated distributable profits has been recognized.&lt;/font&gt;&lt;/li&gt;&lt;li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;IAS 23 Borrowing Costs: The amendments clarify paragraph 14 of the standard that, when a qualifying asset is ready for its intended use or sale, and some of the specific borrowing related to that qualifying asset remains outstanding at that point, that borrowing is to be included in the funds that an entity borrows generally.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Standards issued but not yet effective and not early adopted:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;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.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;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.&amp;#160; 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. The application of this amendment will have no impact on the financial position or the performance of the Company since the Company is not an investment entity.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Conceptual Framework in IFRS standards&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The IASB issued the revised Conceptual Framework for Financial Reporting on 29 March 2018. The Conceptual Framework sets out a comprehensive set of concepts for financial reporting, standard setting, guidance for preparers in developing consistent accounting policies and assistance to others in their efforts to understand and interpret the standards. IASB also issued a separate accompanying document, Amendments to References to the Conceptual Framework in IFRS Standards, which sets out the amendments to affected standards in order to update references to the revised Conceptual Framework. Its objective is to support transition to the revised Conceptual Framework for companies that develop accounting policies using the Conceptual Framework when no IFRS Standard applies to a particular transaction. For preparers who develop accounting policies based on the Conceptual Framework, it is effective for annual periods beginning on or after 1 January 2020. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IFRS 3: Business Combinations (Amendments)&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The IASB issued amendments in Definition of a Business (Amendments to IFRS 3) aimed at resolving the difficulties that arise when an entity determines whether it has acquired a business or a group of assets. The Amendments are effective for business combinations for which the acquisition date is in the first annual reporting period beginning on or after 1 January 2020 and to asset acquisitions that occur on or after the beginning of that period, with earlier application permitted. Management does not expect that these amendments will have an impact on the Company&amp;#8217;s financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors: Definition of &amp;#8216;material&amp;#8217; (Amendments)&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Amendments are effective for annual periods beginning on or after 1 January 2020 with earlier application permitted. The Amendments clarify the definition of material and how it should be applied. The new definition states that, &amp;#8217;Information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements, which provide financial information about a specific reporting entity&amp;#8217;. In addition, the explanations accompanying the definition have been improved. The Amendments also ensure that the definition of material is consistent across all IFRS Standards. Management does not expect that these amendments will have an impact on the Company&amp;#8217;s financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations>
  <ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Basis of presentation and general information&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:54pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="_DV_M2"&gt;&lt;/a&gt;&lt;a name="_DV_M5"&gt;&lt;/a&gt;&lt;a name="_DV_M6"&gt;&lt;/a&gt;&lt;a name="_DV_M14"&gt;&lt;/a&gt;&lt;a name="_DV_M16"&gt;&lt;/a&gt;&lt;a name="_DV_M30"&gt;&lt;/a&gt;&lt;a name="_DV_M31"&gt;&lt;/a&gt;&lt;a name="_DV_M32"&gt;&lt;/a&gt;&lt;a name="_DV_M33"&gt;&lt;/a&gt;&lt;a name="_DV_M34"&gt;&lt;/a&gt;&lt;a name="_DV_M35"&gt;&lt;/a&gt;&lt;font style="font-family:'Times New Roman'"&gt;The accompanying unaudited interim condensed consolidated financial statements include the financial statements of &lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"&gt;Globus Maritime Limited&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; (&amp;#8220;Globus&amp;#8221;) and its wholly owned subsidiaries (collectively the &amp;#8220;Company&amp;#8221;). Globus was formed on July 26, 2006 under the laws of Jersey. On June 1, 2007, Globus concluded its initial public offering in the United Kingdom and its shares were admitted for trading on the Alternative Investment Market (&amp;#8220;AIM&amp;#8221;). On November 24, 2010 Globus was redomiciled to the Marshall Islands and its shares were admitted for trading in the United States (NASDAQ Global Market) under the Securities Act of 1933, as amended. On November 26, 2010 Globus shares were effectively delisted from AIM. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The address of the registered office of Globus is: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The principal business of the Company is the ownership and operation of a fleet of dry bulk motor vessels (&amp;#8220;m/v&amp;#8221;), providing maritime services for the transportation of dry cargo products on a worldwide basis. The Company conducts its operations through its vessel owning subsidiaries.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The operations of the vessels are managed by Globus Shipmanagement Corp. (the &amp;#8220;Manager&amp;#8221;), 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 of June 30, 2018:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:506.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr&gt;&lt;td style="width:154.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;a name="DM_MAP_acc56a92b88c40c4b8bc6281a400ebc3"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Company&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Country of Incorporation&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:78.9pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Vessel Delivery&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Date&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:145.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Vessel Owned&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:3.25pt"&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:78.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:145.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Globus Shipmanagement Corp.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Marshall Islands&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:78.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:145.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Management Co.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:506.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Devocean Maritime Ltd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Marshall Islands&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;December 18, 2007&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;m/v River Globe&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Domina Maritime Ltd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Marshall Islands&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;May 19, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;m/v Sky Globe&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Dulac Maritime S.A.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Marshall Islands&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;May 25, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;m/v Star Globe&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Artful Shipholding S.A. &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Marshall Islands &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;June 22, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;m/v Moon Globe&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Longevity Maritime Limited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Malta&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;September 15, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;m/v Sun Globe&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="_DV_M40"&gt;&lt;/a&gt;&lt;a name="_DV_M42"&gt;&lt;/a&gt;&lt;font style="font-family:'Times New Roman'"&gt;These unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of the management, reflect all normal recurring adjustments considered necessary for a fair presentation of the Company&amp;#8217;s comprehensive loss, financial position and cash flow for the periods presented. Operating results for the six-month period ended June 30, 2019 are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2019.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The unaudited interim condensed consolidated financial statements for the six months ended June 30, 2019 have been prepared in accordance with IAS 34 Interim Financial Reporting.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The unaudited interim condensed consolidated financial statements presented in this report do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Company&amp;#8217;s Annual Report on Form 20-F for the year ended December 31, 2018 (the &amp;#8220;2018 Annual Report&amp;#8221;).&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Unless otherwise defined herein, capitalized words and expressions used herein shall have the same meanings ascribed to them in the 2018 Annual Report.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The unaudited interim condensed consolidated financial statements as of June 30, 2019 and for the six months then ended, were approved for issuance by the Board of Directors on September 26, 2019.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Going Concern &lt;/font&gt;&lt;font style="font-family:'Baskerville Win95BT'; font-weight:bold"&gt;basis of accounting:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019, the Company reported a working capital deficit of $4,089 and its cash flow projections indicated that cash on hand and cash to be provided by operating activities might not be sufficient to cover the liquidity needs, including the debt obligations that become due in the twelve-month period ending following the issuance of these unaudited interim condensed consolidated financial statements. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The above conditions potentially raise substantial doubt about the entity&amp;apos;s ability to continue as a going concern. Management plans to settle loan interest and scheduled loan repayments with cash at hand and cash expected to be generated from the operations and from financing activities. Especially for the Convertible Note that terminates during March 2020 (Note 8) the Company anticipates that it will be converted to equity and no cash will be required for its repayment. As of the date of issue of these unaudited interim condensed consolidated financial statements, within the third quarter of 2019, a total amount of approximately $428, principal and accrued interest, has already been converted to equity (see also Note 13).&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019 the Company has an undrawn amount of $11.1 million available under the Firment Shipping Credit Facility (Note 8), which if drawn will be sufficient to cover the Company&amp;#8217;s liquidity needs, including the debt obligations that become due in the twelve-month period ending following the issuance of these unaudited interim condensed consolidated financial statements. After considering all related developments and the Company&amp;#8217;s plans, management believes that the substantial doubt about the Company&amp;#8217;s ability to continue as a going concern is alleviated.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory>
  <ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;3&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Cash and cash equivalents and Restricted cash&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;For the purpose of the interim condensed consolidated statement of financial position, cash and cash equivalents comprise the following:&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:439.2pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="DM_MAP_c5ea4999d47341cead0f7a861b0ba488"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June &lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;30, &lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.05pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;December 31, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Cash on hand&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.1pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;6&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.05pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;46&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Cash at banks&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,703&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.1pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,709&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:60.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;46&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-indent:-0.55pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Cash held in banks earns interest at floating rates based on daily bank deposit rates. Bank deposits are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Company and earn interest at the respective bank deposit rates. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:27.8pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As at June 30, 2019, in order to fulfil the collateral requirements contained in the loan agreement (Note 8), the Company has pledged an aggregate amount of $2,159. This amount is presented on the accompanying statement of financial position under restricted cash current 909, ($1,350 as at December 31, 2018) and restricted cash non-current 1,250 (zero as at December 31, 2018).&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory>
  <ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;5&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Vessels, net &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The amounts in the interim condensed consolidated statement of financial position are analysed as follows: &lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:465.45pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:37.85pt"&gt;&lt;td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="DM_MAP_79fd85bd6daa47ffa10f46a527436aea"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Vessels cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Vessels depreciation&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Dry docking costs&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Depreciation of dry docking costs&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Net Book Value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.15pt"&gt;&lt;td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Balance at&amp;#160; January 1, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:44.4pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;179,427&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.55pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(97,280)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:48.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;6,978&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:61.95pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(5,375)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:54.6pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;83,750&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.15pt"&gt;&lt;td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Additions&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(5)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(5)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.15pt"&gt;&lt;td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Depreciation &amp;amp; Amortization&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(2,270)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(910)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(3,180)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.15pt"&gt;&lt;td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Balance at June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:44.4pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;179,427&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.55pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(99,550)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:48.2pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;6,973&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:61.95pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(6,285)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:54.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;80,565&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;No events and circumstances were identified that would require an impairment loss to be recognized based on the Company&amp;#8217;s impairment assessment as of June 30, 2019. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory>
  <ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;6&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Share Capital and Share Premium&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The authorised share capital of Globus consisted of the following:&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:442.95pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="DM_MAP_542673b3b9814597b01ab20a5cec119d"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June 30,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Authorised share capital:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;500,000,000 Common Shares of par value $0.004 each&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100,000,000 Class B common shares of par value $0.001 each&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100,000,000 Preferred shares of par value $0.001 each &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;100&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total authorised share capital&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:59.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,200&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:63.7pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,200&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Holders of the Company&amp;#8217;s common shares and Class B shares have equivalent economic rights, but holders of Company&amp;#8217;s common shares are entitled to one vote per share and holders of the Company&amp;#8217;s Class B shares are entitled to twenty votes per share. Each holder of Class B shares may convert, at its option, any or all of the Class B shares held by such holder into an equal number of common shares.&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:411.1pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; font-size:9pt"&gt;&lt;a name="DM_MAP_d75c970f26894f7ea8192edf1b305386"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Common Shares issued and fully paid&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of shares &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;USD&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;As at January 1, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;3,209,327&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;13&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Issued during the period for share based compensation (Note 9)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;5,780&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Issuance of common stocks due conversion of loan &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;1,132,191&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;4&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;As at June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;4,347,298&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;17&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:411.1pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Common Shares issued and fully paid&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Number of shares &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;USD&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;As at January 1, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;3,163,042&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;13&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Issued during the period for share based compensation (Note 9)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;3,327&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Issuance of common stocks due to exercise of warrants &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;37,500&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;As at June 30, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;3,203,869&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:38.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;13&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019 and 2018 the Company had no &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Class B common shares and no&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; Preferred shares outstanding.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Share premium includes the contribution of Globus&amp;#8217; shareholders to the acquisition of the Company&amp;#8217;s vessels. Additionally, share premium includes the effects of the acquisition of non-controlling interest, the effects of the Globus initial and follow-on public offerings and the effects of the share based payments described in Note 9. At June 30, 2019 and December 31, 2018 Globus share premium amounted to $143,486 and $140,334, respectively. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019, in connection with the February 2017 private placement, the February 2017 Warrants outstanding had expired unexercised.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2018, in connection with the February 2017 private placement, the Company had 3,052,320 of the February 2017 Warrants outstanding to purchase an aggregate of 3,052,320 common shares.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Further to the February 2017 private placement an investor, other than Firment Shipping Inc. and Silaner Investments Limited, partially exercised in January 2018 its warrants, purchasing 37,500 of the Company&amp;#8217;s common shares for aggregate gross proceeds to the Company of approximately $600.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019 and 2018, in connection with the October 2017 private placement, the Company had 1,250,000 of the October 2017 Warrants(as described in 2018 Annual Report) outstanding to purchase an aggregate of 1,250,000 common shares.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;October 2017 Warrants are exercisable for 24 months after their respective issuance. Under the terms of the warrants, all warrant holders (other than Firment Shipping Inc., which has no such restriction in its warrants) may not exercise their warrants to the extent such exercise would cause such warrant holder, together with its affiliates and attribution parties, to beneficially own a number of common shares which would exceed 4.99% (which may be increased, but not to exceed 9.99%) of the Company&amp;#8217;s then outstanding common shares immediately following such exercise, excluding for purposes of such determination common shares issuable upon exercise of the warrants which have not been exercised. This provision does not limit a warrant holder from acquiring up to 4.99% of the Company&amp;#8217;s common shares, selling all of their common shares, and re-acquiring up to 4.99% of the Company&amp;#8217;s common shares.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory>
  <ifrs-full:DisclosureOfContingentLiabilitiesExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;h1 style="margin-top:0pt; margin-bottom:0pt; text-align:justify; page-break-after:avoid; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;10&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Contingencies&lt;/font&gt;&lt;/h1&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Various claims, suits and complaints, including those involving government regulations, arise in the ordinary course of the shipping business.&amp;#160; 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&amp;#8217;s vessels. Currently, management is not aware of any such claims or contingent liabilities, which are material for disclosure. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfContingentLiabilitiesExplanatory>
  <glbs:DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr&gt;&lt;td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:53pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;December 31, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Within one year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:53pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;1,585&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,991&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:53pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;1,585&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,991&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</glbs:DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory>
  <ifrs-full:DisclosureOfCommitmentsExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;h1 style="margin-top:0pt; margin-bottom:0pt; text-align:justify; page-break-after:avoid; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;11&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Commitments&lt;/font&gt;&lt;/h1&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Company enters into time charter arrangements on its vessels. These non-cancellable arrangements had remaining terms between three days to three months as of June 30, 2019 and between five days to seven months as of December 31, 2018, assuming redelivery at the earliest possible date. Future net minimum lease revenues receivable under non-cancellable operating leases as of June 30, 2019 and December 31, 2018, are as follows (vessel off-hires and dry-docking days that could occur but are not currently known are not taken into consideration; in addition early delivery of the vessels by the charterers is not accounted for):&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr&gt;&lt;td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="DM_MAP_1fc269fd6ffe45069c7535389474db5c"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:53pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;December 31, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Within one year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:53pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;1,585&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,991&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:53pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;1,585&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2,991&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;These amounts include consideration for other elements of the arrangement apart from the right to use the vessel such as &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;crew expenses, maintenance and consumable costs.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;At June 30, 2019, the Company was a party to an operating lease agreement as lessee. The operating lease relates to the office premises of the Manager at a monthly rate of &amp;#8364;10.36 and for a lease period ending January 2, 2025.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The future minimum lease payments under this agreement as of June 30, 2019 assuming a Euro: US dollar exchange rate for 2019: 1:1.14, were as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:408pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="DM_MAP_ac5ddc0fb5664f58b2a9e7416f2a4ea3"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:69.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Within one year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;165&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;After one year but not more than five years&lt;/font&gt;&lt;font style="font-family:'Times New Roman'; font-size:8pt"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;567&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;More than five years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;72&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:69.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;804&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfCommitmentsExplanatory>
  <ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Significant Accounting Policies and recent accounting pronouncements&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;a name="DM_MAP_b70f1f84b6304494bed887f849a0585c"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The accounting policies adopted are consistent with those of the previous financial year except for the following amended IFRS which have been adopted by the Company as of January 1, 2019:&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IFRS 16: Leases&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, i.e. the customer (&amp;#8216;lessee&amp;#8217;) and the supplier (&amp;#8216;lessor&amp;#8217;). The new standard requires lessees to recognize most leases on their financial statements. Lessees will have a single accounting model for all leases, with certain exemptions. Lessor accounting is substantially unchanged. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Group has initially adopted IFRS 16 on January 1, 2019 using the modified retrospective approach under which the comparative information presented for 2018 has not been restated and is presented as it was previously reported under IAS 17 and related interpretations. On transition, the Company has elected to apply the practical expedients available for leases with a remaining lease term of less than one year and leases of low value assets. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;At transition, the Company identified the rental agreement with Cyberonica S.A., to give rise to a right of use asset and a corresponding liability estimated to approximately $674 as of January 1, 2019, calculated as the present value of minimum future lease payments. The discount rate used is the incremental cost of borrowing. In addition, the nature and recognition of expenses related to those leases changed as IFRS 16 replaced the straight-line operating lease expense with a depreciation charge for right-of-use assets and interest expense on lease liabilities. The depreciation charge for right-of-use assets for the period ended June 30, 2019 was approximately $56 and the interest expense on lease liabilities for the same period was approximately $26.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;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 in 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&amp;#8217;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. The Company believes that the standalone transaction price attributable to the technical management service component 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 consist of the crew expenses, maintenance and consumable costs and was approximately $3,861 for the six month period ended June 30, 2019. The lease component that is disclosed then is calculated as the difference between total revenue and the non-lease component revenue and was approximately $3,081 for the six month period ended June 30, 2019.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IFRS 9: Prepayment features with negative compensation (Amendment)&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Amendment allows financial assets with prepayment features that permit or require a party to a contract either to pay or receive reasonable compensation for the early termination of the contract (so that, from the perspective of the holder of the asset there may be &amp;#8216;negative compensation&amp;#8217;), to be measured at amortized cost or at fair value through other comprehensive income. Management has assessed that these amendments have no impact on the Company&amp;#8217;s financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IAS 28: Long-term Interests in Associates and Joint Ventures (Amendments)&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Amendments relate to whether the measurement, in particular impairment requirements, of long term interests in associates and joint ventures that, in substance, form part of the &amp;#8216;net investment&amp;#8217; in the associate or joint venture should be governed by IFRS 9, IAS 28 or a combination of both. The Amendments clarify that an entity applies IFRS 9 Financial Instruments, before it applies IAS 28, to such long-term interests for which the equity method is not applied. In applying IFRS 9, the entity does not take account of any adjustments to the carrying amount of long- term interests that arise from applying IAS 28. Management has assessed that these amendments has no impact on its financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IFRIC INTERPETATION 23: Uncertainty over Income Tax Treatments &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Interpretation addresses the accounting for income taxes when tax treatments involve uncertainty that affects the application of IAS 12. The Interpretation provides guidance on considering uncertain tax treatments separately or together, examination by tax authorities, the appropriate method to reflect uncertainty and accounting for changes in facts and circumstances. Management has assessed that this interpretation have no impact on the Company&amp;#8217;s financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IAS 19: Plan Amendment, Curtailment or Settlement (Amendments)&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Amendments require entities to use updated actuarial assumptions to determine current service cost and net interest for the remainder of the annual reporting period after a plan amendment, curtailment or settlement has occurred. The Amendments also clarify how the accounting for a plan amendment, curtailment or settlement affects applying the asset ceiling requirements. Management has assessed that these amendments have no impact on the Company&amp;#8217;s financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;The IASB has issued the Annual Improvements to IFRSs 2015 &amp;#8211; 2017 Cycle&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;, which is a collection of amendments to IFRSs. Management has assessed that these amendments have no impact on its financial position or performance.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;IFRS 3 Business Combinations and IFRS 11 Joint Arrangements: The amendments to IFRS 3 clarify that when an entity obtains control of a business that is a joint operation, it remeasures previously held interests in that business. The amendments to IFRS 11 clarify that when an entity obtains joint control of a business that is a joint operation, the entity does not remeasure previously held interests in that business.&lt;/font&gt;&lt;/li&gt;&lt;li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;IAS 12 Income Taxes: The amendments clarify that the income tax consequences of payments on financial instruments classified as equity should be recognized according to where the past transactions or events that generated distributable profits has been recognized.&lt;/font&gt;&lt;/li&gt;&lt;li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;IAS 23 Borrowing Costs: The amendments clarify paragraph 14 of the standard that, when a qualifying asset is ready for its intended use or sale, and some of the specific borrowing related to that qualifying asset remains outstanding at that point, that borrowing is to be included in the funds that an entity borrows generally.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Standards issued but not yet effective and not early adopted:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;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.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;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.&amp;#160; 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. The application of this amendment will have no impact on the financial position or the performance of the Company since the Company is not an investment entity.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Conceptual Framework in IFRS standards&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The IASB issued the revised Conceptual Framework for Financial Reporting on 29 March 2018. The Conceptual Framework sets out a comprehensive set of concepts for financial reporting, standard setting, guidance for preparers in developing consistent accounting policies and assistance to others in their efforts to understand and interpret the standards. IASB also issued a separate accompanying document, Amendments to References to the Conceptual Framework in IFRS Standards, which sets out the amendments to affected standards in order to update references to the revised Conceptual Framework. Its objective is to support transition to the revised Conceptual Framework for companies that develop accounting policies using the Conceptual Framework when no IFRS Standard applies to a particular transaction. For preparers who develop accounting policies based on the Conceptual Framework, it is effective for annual periods beginning on or after 1 January 2020. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IFRS 3: Business Combinations (Amendments)&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The IASB issued amendments in Definition of a Business (Amendments to IFRS 3) aimed at resolving the difficulties that arise when an entity determines whether it has acquired a business or a group of assets. The Amendments are effective for business combinations for which the acquisition date is in the first annual reporting period beginning on or after 1 January 2020 and to asset acquisitions that occur on or after the beginning of that period, with earlier application permitted. Management does not expect that these amendments will have an impact on the Company&amp;#8217;s financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors: Definition of &amp;#8216;material&amp;#8217; (Amendments)&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Amendments are effective for annual periods beginning on or after 1 January 2020 with earlier application permitted. The Amendments clarify the definition of material and how it should be applied. The new definition states that, &amp;#8217;Information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements, which provide financial information about a specific reporting entity&amp;#8217;. In addition, the explanations accompanying the definition have been improved. The Amendments also ensure that the definition of material is consistent across all IFRS Standards. Management does not expect that these amendments will have an impact on the Company&amp;#8217;s financial position or performance.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory>
  <glbs:DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:520.8pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-left:14.4pt; margin-bottom:0pt; text-indent:-14.4pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Borrower&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Loan Balance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Unamortized Debt Discount&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total Borrowings&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(a)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Artful Shipholding S.A. &amp;amp; Longevity Maritime Limited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;37,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(874)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;36,126&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(b) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Globus Maritime Ltd. &amp;#8211; Firment Shipping Inc.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;307&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;307&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(c) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Globus Maritime Ltd. &amp;#8211; Convertible Note&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;1,248&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;1,248&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total at June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;38,555&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(874)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,681&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Less: Current Portion&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(1,248)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;274&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(974)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Long-Term Portion&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,307&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(600)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;36,707&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total at December 31, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,163&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(295)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;36,868&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Less: Current Portion&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(35,663)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;295&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(35,368)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Long-Term Portion&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;1,500&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;1,500&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</glbs:DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition>
  <glbs:DisclosureOfLongTermDebtAnnualPrincipalPayments contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:335pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr style="height:15pt"&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:11pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(a)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(b)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt; (c)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:24.75pt"&gt;&lt;td style="width:51.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June 30,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;EnTrust&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Firment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Convertible Note&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2020&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;5,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;5,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2021&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,985&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;800&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;3,785&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:24.75pt"&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2022 and thereafter&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;34,015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;34,015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;800&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;5,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;42,800&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
</glbs:DisclosureOfLongTermDebtAnnualPrincipalPayments>
  <ifrs-full:DisclosureOfBorrowingsExplanatory contextRef="FYp0YTD">&lt;div class="Section1"&gt;&lt;h1 style="margin-top:0pt; margin-bottom:0pt; text-align:justify; page-break-after:avoid; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;8&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Long-Term Debt, net&amp;#160; &lt;/font&gt;&lt;/h1&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; Long-term debt in the consolidated statement of financial position is analysed as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:520.8pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-left:14.4pt; margin-bottom:0pt; text-indent:-14.4pt; text-align:justify; font-size:9pt"&gt;&lt;a name="DM_MAP_c65a34fee36e4aaf9bd86bed43ef20ef"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/a&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Borrower&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Loan Balance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Unamortized Debt Discount&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total Borrowings&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(a)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Artful Shipholding S.A. &amp;amp; Longevity Maritime Limited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;37,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(874)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;36,126&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(b) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Globus Maritime Ltd. &amp;#8211; Firment Shipping Inc.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;307&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;307&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(c) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Globus Maritime Ltd. &amp;#8211; Convertible Note&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;1,248&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;1,248&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total at June 30, 2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;38,555&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(874)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,681&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Less: Current Portion&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(1,248)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;274&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(974)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Long-Term Portion&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,307&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(600)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;36,707&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total at December 31, 2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,163&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(295)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;36,868&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Less: Current Portion&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(35,663)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;295&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;(35,368)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Long-Term Portion&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:49.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;1,500&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:73.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:55.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;1,500&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Details of the Company&amp;#8217;s credit facilities and debt securities are discussed in Note 12 of the Company&amp;#8217;s consolidated financial statements for the year ended December 31, 2018, included in the 2018 Annual Report.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019, the Company was in compliance with the loan covenants of the agreements with the lenders.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;In more detail:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-right:7.05pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-indent:-21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#160; (a)&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#160; In June 2019, &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Globus through its wholly owned subsidiaries, &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Devocean Maritime Ltd.(the &amp;#8220;Borrower A&amp;#8221;), Domina Maritime Ltd.(the &amp;#8220;Borrower B&amp;#8221;), Dulac Maritime S.A. (the &amp;#8220;Borrower C&amp;#8221;), &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Artful Shipholding S.A.&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; .(the &amp;#8220;Borrower D&amp;#8221;)&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; and Longevity Maritime Limited &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;(the &amp;#8220;Borrower E&amp;#8221;)&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;, &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;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 with EnTrust Global&amp;#8217;s Blue Ocean Fund for the purpose of refinancing the existing indebtedness secured on the ships and for general corporate purposes. The loan facility is in the names of Devocean Maritime Ltd., Domina Maritime Ltd, Dulac Maritime S.A., &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Artful Shipholding S.A. and Longevity Maritime Limited&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; as the borrowers and is guaranteed by Globus. The loan facility bears interest at LIBOR plus a margin of 8.50% (or 10.5% default interest) for interest periods of three months. This loan facility will be referred as EnTrust loan facility. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;On June 24, 2019, the Company drew down $37,000 and fully prepaid the existing loan facilities with Hamburg Commercial Bank AG (formerly known as HSH Nordbank AG) and &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Macquarie Bank International Limited. The &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#8220;EnTrust&amp;#8221; loan facility consists of five Tranches:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Tranche (A) of $6,375 for the purpose of prepaying to Hamburg Commercial Bank AG the amount outstanding with respect to the m/v River Globe. The balance outstanding of tranche (A) at June 30, 2019, was $6,375 payable in 6 equal quarterly instalments of $266 starting, March 2021, as well as a balloon payment of $4,779 due together with the 6th and final instalment due in June 2022. This repayment schedule is subject to alterations depending on the amount of &amp;#8220;Excess cash&amp;#8221;, as described in the loan agreement, which could have already decreased the balloon amount.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Tranche (B) of $7,375 for the purpose of prepaying to Hamburg Commercial Bank AG the amount outstanding with respect to the m/v Sky Globe. The balance outstanding of tranche (B) at June 30, 2019, was $7,375 payable in 6 equal quarterly instalments of $230 starting, March 2021, as well as a balloon payment of $5,995 due together with the 6th and final instalment due in June 2022. This repayment schedule is subject to alterations depending on the amount of &amp;#8220;Excess cash&amp;#8221;, as described in the loan agreement, which could have already decreased the balloon amount.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Book Antiqua'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Tranche (C) of $7,750 for the purpose of prepaying to Hamburg Commercial Bank AG the amount outstanding with respect to the m/v Star Globe. The balance outstanding of tranche (C) at June 30, 2019, was $7,750 payable in 6 equal quarterly instalments of $215 starting, March 2021, as well as a balloon payment of $6,460 due together with the 6th and final instalment due in June 2022. This repayment schedule is subject to alterations depending on the amount of &amp;#8220;Excess cash&amp;#8221;, as described in the loan agreement, which could have already decreased the balloon amount.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Tranche (D) of $6,500 for the purpose of prepaying to Macquarie Bank International Limited the amount outstanding with respect to the m/v Moon Globe. The balance outstanding of tranche (D) at June 30, 2019, was $6,500 payable in 6 equal quarterly instalments of $406 starting, March 2021, as well as a balloon payment of $4,064 due together with the 6th and final instalment due in June 2022. This repayment schedule is subject to alterations depending on the amount of &amp;#8220;Excess cash&amp;#8221;, as described in the loan agreement, which could have already decreased the balloon amount.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Book Antiqua'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Tranche (E) of $9,000 for the purpose of prepaying to Macquarie Bank International Limited the amount outstanding with respect to the m/v Sun Globe. The balance outstanding of tranche (E) at June 30, 2019, was $9,000 payable in 6 equal quarterly instalments of $375 starting, March 2021, as well as a balloon payment of $6,750 due together with the 6th and final instalment due in June 2022. This repayment schedule is subject to alterations depending on the amount of &amp;#8220;Excess cash&amp;#8221;, as described in the loan agreement, which could have already decreased the balloon amount.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The loan is secured by, among other things:&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-right:7.05pt; margin-left:12.44pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;First preferred mortgage over m/v River Globe, m/v Sky Globe, m/v Star Globe, m/v Moon Globe and m/v Sun Globe. &lt;/font&gt;&lt;/li&gt;&lt;li style="margin-right:7.05pt; margin-left:12.44pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Guarantees from Globus and the vessel owning companies.&lt;/font&gt;&lt;/li&gt;&lt;li style="margin-right:7.05pt; margin-left:12.44pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Assignment of all insurances and earnings of the mortgaged vessels. &lt;/font&gt;&lt;/li&gt;&lt;li style="margin-right:7.05pt; margin-left:12.44pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Assignment of charter in respect of each vessel and an assignment of any guarantee or security in respect of such charters.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The EnTrust loan facility contains various covenants requiring the vessels owning companies and/or Globus to, amongst others things, ensure that:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:15.45pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Borrowers shall maintain a minimum liquidity at all times of not less than $250 for each mortgaged ship. &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:15.45pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Parent Guarantor shall maintain, on a consolidated basis, at the end of each calendar quarter liquid funds in an amount, in aggregate, of not less than 5 per cent of the consolidated &amp;#8220;Financial Indebtedness&amp;#8221;, &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;as described in the loan agreement,&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; of the Group as reflected in the most recent financial statements of the Parent Guarantor.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:15.45pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Each Borrower shall maintain in its earnings account during a &amp;#8220;Cash Sweep Period&amp;#8221;, &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;which is the period commencing on the relevant Utilisation Date and ending on 30 September 2019 and each three-month period thereafter commencing on 1 January, 1 April, 1 July and 1 October in each financial year of that Borrower, with the last such three-month period commencing on 30 June 2020 and ending on 30 September 2020,&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; the applicable &amp;#8220;Buffer Amount&amp;#8221;, which is in relation to a Borrower for a Cash Sweep Period, the product of:&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(a) an amount equal to the lower of: &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(i) $1,000; and &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(ii) the difference between the daily time charter equivalent rate of the Ship owned by that Borrower, as evidenced in the management accounts, and the &amp;#8220;Break-Even Expenses&amp;#8221;, &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;as described in the loan agreement,&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; of that ship for that Cash Sweep Period; and &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-indent:18pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(b) the actual number of days lapsed during that Cash Sweep Period for that Borrower.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-indent:18pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:15.45pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Each of Borrower B, Borrower C and Borrower D shall create a reserve fund in the Reserve Account to meet the anticipated dry docking and special survey fees and expenses for the Ship owned by it, by maintaining in the Reserve Account a minimum credit balance (the &amp;quot;Accruing Dry Docking and Special Survey Reserves&amp;quot;) which 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), in an amount equal to, at each Quarter End Date, the product of: &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(i) $500; and&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(ii) the number of days elapsed from the relevant Utilisation Date until such Quarter End Date, and that Borrower shall ensure that the credit balance of the Reserve Account shall be increased to meet the required amount of the Accruing Dry Docking and Special Survey Reserves by no later than each Quarter End Date.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;Each of Borrower A and Borrower E shall deposit on the relevant Utilisation Date in the Reserve Account to meet the anticipated dry docking and special survey fees and expenses for Ship which is owned by it, a minimum credit balance in an amount equal to $450 which 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).&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;ul type="disc" style="margin:0pt; padding-left:0pt"&gt;&lt;li style="margin-left:15.45pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;No Borrower shall incur or permit to be outstanding any Financial Indebtedness except &amp;#8220;Permitted Financial Indebtedness&amp;#8221;.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;quot;Permitted Financial Indebtedness&amp;quot; means:&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(a) any Financial Indebtedness incurred under the Finance Documents;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(b) any Financial Indebtedness that is subordinated to all Financial Indebtedness incurred under the Finance Documents pursuant to a Subordination Agreement or otherwise and which is, in the case of any such Financial Indebtedness of the Borrower, the subject of Subordinated Debt Security; and&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;(c) any &amp;#8220;Permitted Trade Debt&amp;#8221;.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;quot;Permitted Trade Debt&amp;quot; means any trade debt on arm&amp;apos;s length commercial terms reasonably incurred in the ordinary course of owning, operating, trading, chartering, maintaining and repairing a Ship which remains unpaid for over 15 days of its due date and which does not exceeds $400 (or the equivalent in any other currency) per Ship at any relevant time&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019, the Company was in compliance with the covenants of EnTrust&lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Loan Agreement.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; line-height:12pt"&gt;&lt;font style="font-family:'Times New Roman'; font-size:9pt"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-indent:-21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#160; (b)&amp;#160; &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;Relating to the Firment Shipping Credit Facility during the Company converted to share capital, as per the conversion clause included in the Firment Shipping Credit Facility, on April 23, 2019 the outstanding principal amount of $3,100 plus the accrued interest of $70 with a conversion price of $2.80 per share and issued 1,132,191 new common shares on behalf of Firment Shipping Inc. This conversion resulted to a gain of approximately $117, which was &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;classified under &amp;#8220;gain on derivative financial instruments&amp;#8221; in the consolidated statement of comprehensive loss.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-indent:-28.35pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019, the amount drawn and outstanding with respect to Firment Shipping Credit Facility was $800. The non-derivative host was classified under &amp;#8220;long-term borrowings&amp;#8221; in the consolidated statement of financial position and was $307 and the derivative component that was initially recognized amounted to $493 and was classified under &amp;#8220;fair value of derivative financial instruments&amp;#8221; in the consolidated statement of financial position. &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt;For the period ended June 30, 2019, the Company recognized a gain on this derivative financial instrument amounting to $9, which was classified under &amp;#8220;gain on derivative financial instruments&amp;#8221; in the consolidated statement of comprehensive loss.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-indent:21.3pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019, there was an amount of $11,100 available to be drawn under the Firment Shipping Credit Facility.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Firment Shipping Credit Facility requires that Athanasios Feidakis remain Chief Executive Officer and that Firment Shipping maintains at least a 40% shareholding in Globus, other than due to actions taken by Firment Shipping, such as sales of shares.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin:0pt 7.05pt 0pt 28.35pt; text-indent:-25.55pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As of June 30, 2019, the Company was in compliance with the loan covenants of the Firment Shipping Credit Facility.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-indent:-28.35pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.25pt; margin-bottom:0pt; text-indent:-21.25pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#160;&amp;#160; (c) &lt;/font&gt;&lt;font style="font-family:'Times New Roman'"&gt; On March 13, 2019, the Company signed a securities purchase agreement with a private investor and on the same date issued, for gross proceeds of $5 million, a senior convertible note (the &amp;#8220;Convertible Note&amp;#8221;) that is convertible into shares of the Company&amp;#8217;s common stock, par value $0.004 per share. If not converted or redeemed beforehand pursuant to the terms of the Convertible Note, the Convertible Note matures upon the anniversary of its issue. The Convertible Note was issued in a transaction exempt from registration under the Securities Act of 1933, as amended (the &amp;#8220;Securities Act&amp;#8221;).&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.25pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The Convertible Note provides for interest to accrue at 10% annually, which interest shall be paid on the first anniversary of the Convertible Note&amp;#8217;s issuance unless the Convertible Note is converted or redeemed pursuant to its terms beforehand. The interest may be paid in common shares of the Company, if certain conditions described within the Convertible Note are met. With respect to the Convertible Note, the Company also signed a registration rights agreement with the private investor pursuant to which it agreed to register for resale the shares that could be issued pursuant to the Convertible Note.&amp;#160; The registration rights agreement contains liquidated damages if the Company is unable to register for resale the shares into which the Convertible Note may be converted, and maintain such registration.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:21.25pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;As per the conversion clause included in the Convertible Note, the Company has recognized this agreement as a hybrid agreement which includes an embedded derivative. This embedded derivative was separated to the derivative component and the non-derivative host. The derivative component is 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 are recognized in the consolidated statement of comprehensive loss. As of June 30, 2019, the amount drawn and outstanding with respect to the Convertible Note was $5,000. The non-derivative host was classified under &amp;#8220;long-term borrowings&amp;#8221; in the consolidated statement of financial position and was $1,248 and the derivative component that was initially recognized amounted to $3,752 and was classified under &amp;#8220;fair value of derivative financial instruments&amp;#8221; in the consolidated statement of financial position. For the period ended June 30, 2019, the Company recognized a gain on this derivative financial instrument amounting to $1,397, which was classified under &amp;#8220;gain on derivative financial instruments&amp;#8221; in the consolidated statement of comprehensive loss.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-indent:-28.35pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-indent:-28.35pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;The contractual annual loan principal payments per loan facility to be made subsequent to June 30, 2019, were as follows (maturities have been determined as if no prepayments will occur):&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;div style="text-align:center"&gt;&lt;table cellspacing="0" cellpadding="0" style="width:335pt; 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padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt; (c)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:24.75pt"&gt;&lt;td style="width:51.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;June 30,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;EnTrust&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Firment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Convertible Note&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;&amp;#xa0;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2020&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;5,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;5,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:12.75pt"&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2021&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2,985&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;800&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;3,785&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:24.75pt"&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;2022 and thereafter&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;34,015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'"&gt;34,015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height:13.5pt"&gt;&lt;td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:51.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;37,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;800&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:56.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; font-weight:bold"&gt;5,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="width:66.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"&gt;&lt;p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"&gt;&lt;font style="font-family:'Times New Roman'; 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      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/ShareCapitalAndSharePremiumTableDetails" id="ShareCapitalAndSharePremiumTableDetails">
        <link:definition>401000 - Disclosure - Share capital and share premium (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/ShareCapitalAndSharePremiumPreferredSharesTableDetails" id="ShareCapitalAndSharePremiumPreferredSharesTableDetails">
        <link:definition>401020 - Disclosure - Share Capital and Share Premium - Preferred Shares (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/ShareCapitalAndSharePremiumDetails" id="ShareCapitalAndSharePremiumDetails">
        <link:definition>401030 - Disclosure - Share Capital and Share Premium (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/EarningsLossPerShareTableDetails" id="EarningsLossPerShareTableDetails">
        <link:definition>401100 - Disclosure - Loss per Share (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetTableDetails" id="LongTermDebtNetTableDetails">
        <link:definition>401200 - Disclosure - Long-Term Debt, net (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/EarningsLossPerShareDetails" id="EarningsLossPerShareDetails">
        <link:definition>401110 - Disclosure - Loss per Share (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetAnnualLoanPrincipalPaymentsTableDetails" id="LongTermDebtNetAnnualLoanPrincipalPaymentsTableDetails">
        <link:definition>401210 - Disclosure - Long-Term Debt, net - Annual Loan Principal Payments (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/VesselsNetTableDetails" id="VesselsNetImpairmentTableDetails">
        <link:definition>400520 - Disclosure - Vessels, net - Impairment loss (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetDevoceanDetails" id="LongTermDebtNetDevoceanDetails">
        <link:definition>401220 - Disclosure - Long-Term Debt, Net - EnTrust Loan Agreement (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/ShareBasedPaymentTableDetails" id="ShareBasedPaymentTableDetails">
        <link:definition>401300 - Disclosure - Share Based Payment (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/ShareBasedPaymentDetails" id="ShareBasedPaymentDetails">
        <link:definition>401310 - Disclosure - Share Based Payments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/VoyageExpensesAndVesselOperatingExpensesVoyageExpensesTableDetails" id="VoyageExpensesAndVesselOperatingExpensesVoyageExpensesTableDetails">
        <link:definition>401400 - Disclosure - Voyage Expenses and Vessel Operating Expenses - Voyage Expenses (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/VoyageExpensesAndVesselOperatingExpensesVesselOperatingExpensesTableDetails" id="VoyageExpensesAndVesselOperatingExpensesVesselOperatingExpensesTableDetails">
        <link:definition>401410 - Disclosure - Voyage Expenses and Vessel Operating Expenses - Vessel operating expenses (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/AdministrativeExpensesTableDetails" id="AdministrativeExpensesTableDetails">
        <link:definition>401500 - Disclosure - Administrative Expenses (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/InterestExpenseAndFinanceCostsTableDetails" id="InterestExpenseAndFinanceCostsTableDetails">
        <link:definition>401600 - Disclosure - Interest Expense and Finance Costs (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/DividendsTableDetails" id="DividendsTableDetails">
        <link:definition>401700 - Disclosure - Dividends (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/DividendsDetails" id="DividendsDetails">
        <link:definition>401710 - Disclosure - Dividends (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/CommitmentsFutureMinimumReceivablesTableDetails" id="CommitmentsFutureMinimumReceivablesTableDetails">
        <link:definition>401900 - Disclosure - Commitments (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/CommitmentsFutureMinimumPaymentsTableDetails" id="CommitmentsFutureMinimumPaymentsTableDetails">
        <link:definition>401910 - Disclosure - Commitments - Future minimum lease payments (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/CommitmentsDetails" id="CommitmentsDetails">
        <link:definition>401920 - Disclosure - Commitments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/IncomeTaxDetails" id="IncomeTaxDetails">
        <link:definition>402000 - Disclosure - Income Tax (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/DocumentAndEntityInformation" id="DocumentAndEntityInformation">
        <link:definition>000100 - Document - Document And Entity Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetKeltyLoanAgreementDetails" id="LongTermDebtNetKeltyLoanAgreementDetails">
        <link:definition>401240 - Disclosure - Long-Term Debt, Net - Convertible Note (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetDVBLoanAgreementDetails" id="LongTermDebtNetDVBLoanAgreementDetails">
        <link:definition>401230 - Disclosure - Long-Term Debt, Net - Firment Shipping Credit Facility (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetFirmentAndSilanerDetails" id="LongTermDebtNetFirmentAndSilanerDetails">
        <link:definition>401250 - Disclosure - Retirement Benefit Schemes - Summary of Sensitivity Analysis (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesInterestRiskTableDetails" id="FinancialRiskManagementObjectivesAndPoliciesInterestRiskTableDetails">
        <link:definition>402100 - Disclosure - Financial risk management objectives and policies - Interest rate risk (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesForeignCurrencyRiskTableDetails" id="FinancialRiskManagementObjectivesAndPoliciesForeignCurrencyRiskTableDetails">
        <link:definition>402110 - Disclosure - Financial risk management objectives and policies - Foreign currency risk (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesConcentrationCreditRiskTableDetails" id="FinancialRiskManagementObjectivesAndPoliciesConcentrationCreditRiskTableDetails">
        <link:definition>402120 - Disclosure - Financial risk management objectives and policies - Concentration of credit risk (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesLiquidityRiskTableDetails" id="FinancialRiskManagementObjectivesAndPoliciesLiquidityRiskTableDetails">
        <link:definition>402130 - Disclosure - Financial risk management objectives and policies - Liquidity risk (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesAdjustedBookCapitalizationTableDetails" id="FinancialRiskManagementObjectivesAndPoliciesAdjustedBookCapitalizationTableDetails">
        <link:definition>402140 - Disclosure - Financial risk management objectives and policies - Capital management 1 (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesTableDetails" id="FinancialRiskManagementObjectivesAndPoliciesTableDetails">
        <link:definition>402150 - Disclosure - Financial risk management objectives and policies - Capital management 2 (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesDetails" id="FinancialRiskManagementObjectivesAndPoliciesDetails">
        <link:definition>402160 - Disclosure - Financial risk management objectives and policies (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FairValueMeasurementsTableDetails" id="FairValueMeasurementsTableDetails">
        <link:definition>402200 - Disclosure - Fair values (Table) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FairValueMeasurementsDetails" id="FairValueMeasurementsDetails">
        <link:definition>402210 - Disclosure - Fair values (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/BasisOfPreparationAndSignificantAccountingPoliciesDetails" id="BasisOfPreparationAndSignificantAccountingPoliciesDetails">
        <link:definition>400200 - Disclosure - Basis of Preparation And Significant Accounting Policies (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:labelLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/BasisOfPresentationAndGeneralInformation" id="BasisOfPresentationAndGeneralInformation">
        <link:definition>100100 - Disclosure - Basis of Presentation And General Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/BasisOfPreparationAndSignificantAccountingPolicies" id="BasisOfPreparationAndSignificantAccountingPolicies">
        <link:definition>100200 - Disclosure - Significant Accounting Policies and Recent Accounting Pronouncements</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/CashAndCashEquivalentsAndRestrictedCash" id="CashAndCashEquivalentsAndRestrictedCash">
        <link:definition>100300 - Disclosure - Cash and Cash Equivalents And Restricted Cash</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/TransactionsWithRelatedParties" id="TransactionsWithRelatedParties">
        <link:definition>100400 - Disclosure - Transactions With Related Parties</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/VesselsNet" id="VesselsNet">
        <link:definition>100500 - Disclosure - Vessels, net</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:labelLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/Inventories" id="Inventories">
        <link:definition>100600 - Disclosure - Inventories</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:labelLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/PrepaymentsAndOtherAssets" id="PrepaymentsAndOtherAssets">
        <link:definition>100700 - Disclosure - Prepayments And Other Assets</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:labelLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/TradeAccountsPayable" id="TradeAccountsPayable">
        <link:definition>100800 - Disclosure - Trade Accounts Payable</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:labelLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/AccruedLiabilitiesAndOtherPayables" id="AccruedLiabilitiesAndOtherPayables">
        <link:definition>100900 - Disclosure - Accrued Liabilities And Other Payables</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:labelLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/ShareCapitalAndSharePremium" id="ShareCapitalAndSharePremium">
        <link:definition>101000 - Disclosure - Share Capital And Share Premium</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:labelLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/EarningsLossPerShare" id="EarningsLossPerShare">
        <link:definition>101100 - Disclosure - Loss Per Share</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNet" id="LongTermDebtNet">
        <link:definition>101200 - Disclosure - Long-Term Debt, Net</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/ShareBasedPayment" id="ShareBasedPayment">
        <link:definition>101300 - Disclosure - Share Based Payment</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/VoyageExpensesAndVesselOperatingExpenses" id="VoyageExpensesAndVesselOperatingExpenses">
        <link:definition>101400 - Disclosure - Voyage Expenses And Vessel Operating Expenses</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/AdministrativeExpenses" id="AdministrativeExpenses">
        <link:definition>101500 - Disclosure - Administrative Expenses</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/InterestExpenseAndFinanceCosts" id="InterestExpenseAndFinanceCosts">
        <link:definition>101600 - Disclosure - Interest Expense And Finance Costs</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/Dividends" id="Dividends">
        <link:definition>101700 - Disclosure - Dividends</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/Contingencies" id="Contingencies">
        <link:definition>101800 - Disclosure - Contingencies</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/Commitments" id="Commitments">
        <link:definition>101900 - Disclosure - Commitments</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/IncomeTax" id="IncomeTax">
        <link:definition>102000 - Disclosure - Income Tax</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
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      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/VoyageExpensesAndVesselOperatingExpensesTables" id="VoyageExpensesAndVesselOperatingExpensesTables">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/AdministrativeExpensesTables" id="AdministrativeExpensesTables">
        <link:definition>301500 - Disclosure - Administrative Expenses (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/InterestExpenseAndFinanceCostsTables" id="InterestExpenseAndFinanceCostsTables">
        <link:definition>301600 - Disclosure - Interest Expense and Finance Costs (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/DividendsTables" id="DividendsTables">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/CommitmentsTables" id="CommitmentsTables">
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      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesTables" id="FinancialRiskManagementObjectivesAndPoliciesTables">
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      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/FairValuesTables" id="FairValuesTables">
        <link:definition>302200 - Disclosure - Fair values (Tables)</link:definition>
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      <link:roleType roleURI="http://www.globusmaritime.gr/20190630/role/SignificantAccountingPoliciesAndRecentAccountingPronouncementsDetails" id="SignificantAccountingPoliciesAndRecentAccountingPronouncementsDetails">
        <link:definition>400210 - Disclosure - Significant Accounting Policies And Recent Accounting Pronouncements (Details)</link:definition>
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  <element name="ExtraDepreciationPropertyPlantAndEquipment" id="glbs_ExtraDepreciationPropertyPlantAndEquipment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="FairValueOfTimeCharterAttachedMember" id="glbs_FairValueOfTimeCharterAttachedMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="FirmentTradingLimitedMember" id="glbs_FirmentTradingLimitedMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="FirmentShippingMember" id="glbs_FirmentShippingMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="GasCylindersInventoryCurrent" id="glbs_GasCylindersInventoryCurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="GlobusShipmanagementCorpMember" id="glbs_GlobusShipmanagementCorpMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="IncreaseDecreaseInNumberOfPreferredSharesIssued" id="glbs_IncreaseDecreaseInNumberOfPreferredSharesIssued" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="LineOfCreditFacilityDecreaseForgiveness" id="glbs_LineOfCreditFacilityDecreaseForgiveness" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="LineOfCreditFacilityDrawndownAmountsMultiples" id="glbs_LineOfCreditFacilityDrawndownAmountsMultiples" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="LineOfCreditFacilityMaximumBorrowingCapacity" id="glbs_LineOfCreditFacilityMaximumBorrowingCapacity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="LongTermBorrowingsGross" id="glbs_LongTermBorrowingsGross" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="LongTermDebtInstrumentUnamortisedDiscount" id="glbs_LongTermDebtInstrumentUnamortisedDiscount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="LongevityMaritimeLimitedMember" id="glbs_LongevityMaritimeLimitedMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="LubricantsInventoryCurrent" id="glbs_LubricantsInventoryCurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="MonthlyRentalExpense" id="glbs_MonthlyRentalExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="NonExecutiveDirectorsMember" id="glbs_NonExecutiveDirectorsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="NumberOfOperatingSegments" id="glbs_NumberOfOperatingSegments" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="NumberOfSharesCalledByWarrants" id="glbs_NumberOfSharesCalledByWarrants" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" id="glbs_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="NumberOfWarrantsOutstanding" id="glbs_NumberOfWarrantsOutstanding" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="NumberOfWarrantsExercised" id="glbs_NumberOfWarrantsExercised" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="October2017WarrantsMember" id="glbs_October2017WarrantsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="NumberOfSharesHeldByControllingParty" id="glbs_NumberOfSharesHeldByControllingParty" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="OtherAccruals" id="glbs_OtherAccruals" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="PanamaxMember" id="glbs_PanamaxMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="PaymentsOfDeferredDryDockingCosts" id="glbs_PaymentsOfDeferredDryDockingCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="duration"/>
  <element name="ProportionOfOwnershipInterestsHeldByControllingParty" id="glbs_ProportionOfOwnershipInterestsHeldByControllingParty" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="RentalAnnualIncreaseRateAboveInflation" id="glbs_RentalAnnualIncreaseRateAboveInflation" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="RestrictedCashAndCashEquivalentsFairValueDisclosure" id="glbs_RestrictedCashAndCashEquivalentsFairValueDisclosure" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="ReverseStockSplitConversionRatio" id="glbs_ReverseStockSplitConversionRatio" type="xbrli:pureItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="SeriesaPreferredSharesMember" id="glbs_SeriesaPreferredSharesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="SilanerInvestmentsLimitedMember" id="glbs_SilanerInvestmentsLimitedMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="StockRedeemedDuringPeriodShares" id="glbs_StockRedeemedDuringPeriodShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="StockRedeemedDuringPeriodValue" id="glbs_StockRedeemedDuringPeriodValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="SunGlobeMember" id="glbs_SunGlobeMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="SupramaxMember" id="glbs_SupramaxMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="TiaraGlobeMember" id="glbs_TiaraGlobeMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="ValueOfSharesAuthorised" id="glbs_ValueOfSharesAuthorised" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="ValueOfSharesIssuedAbstract" id="glbs_ValueOfSharesIssuedAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="VesselCapacity" id="glbs_VesselCapacity" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="VesselDeliveryDate" id="glbs_VesselDeliveryDate" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="VesselsScrapRatePerTon" id="glbs_VesselsScrapRatePerTon" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="HSHNordbankAGLoanAgreementMember" id="glbs_HSHNordbankAGLoanAgreementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="HSHNordbankAndDVBBankMember" id="glbs_HSHNordbankAndDVBBankMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="PeriodOfInterestRatesAxis" id="glbs_PeriodOfInterestRatesAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DeferralFeePercentage" id="glbs_DeferralFeePercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="LoanPrincipalAmountDeferred" id="glbs_LoanPrincipalAmountDeferred" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="PeriodOfInterestRatesMember" id="glbs_PeriodOfInterestRatesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="InterestPeriodThreeMonthsMember" id="glbs_InterestPeriodThreeMonthsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="InterestPeriodOneMonthMember" id="glbs_InterestPeriodOneMonthMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DVBBankLoanAgreementMember" id="glbs_DVBBankLoanAgreementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="CommerzbankLoanAgreementMember" id="glbs_CommerzbankLoanAgreementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="FirmentTradingLimitedLoanAgreementMember" id="glbs_FirmentTradingLimitedLoanAgreementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="SilanerInvestmentsLimitedLoanAgreementMember" id="glbs_SilanerInvestmentsLimitedLoanAgreementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="BorrowingsNumberOfPeriodicPayments" id="glbs_BorrowingsNumberOfPeriodicPayments" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" id="glbs_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="BorrowingsPeriodicPayment" id="glbs_BorrowingsPeriodicPayment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="BorrowingsFrequencyOfPeriodicPayment" id="glbs_BorrowingsFrequencyOfPeriodicPayment" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="AmountDeferredToTheBalloonPayment" id="glbs_AmountDeferredToTheBalloonPayment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" id="glbs_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="CompensatingBalanceAmountPerVessel" id="glbs_CompensatingBalanceAmountPerVessel" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="CompensatingBalanceAmount" id="glbs_CompensatingBalanceAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="BackEndFeePercentage" id="glbs_BackEndFeePercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="LiquidityToConsolidatedIndebtednessRatio" id="glbs_LiquidityToConsolidatedIndebtednessRatio" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="MarketAdjustedNetWorth" id="glbs_MarketAdjustedNetWorth" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" id="glbs_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" id="glbs_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" id="glbs_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="MinimumLiquidAssets" id="glbs_MinimumLiquidAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="AmountOfEquityToBeRaised" id="glbs_AmountOfEquityToBeRaised" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="duration"/>
  <element name="BorrowingsFaceAmount" id="glbs_BorrowingsFaceAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="ManagementDailyFee" id="glbs_ManagementDailyFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="duration"/>
  <element name="MarketAdjustedNetWorthToTotalAssetsRatio" id="glbs_MarketAdjustedNetWorthToTotalAssetsRatio" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="CreditSuisseAGLoanAgreementMember" id="glbs_CreditSuisseAGLoanAgreementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="TrancheCMember" id="glbs_TrancheCMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="TrancheDMember" id="glbs_TrancheDMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="TrancheEMember" id="glbs_TrancheEMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="CreditFacilityMember" id="glbs_CreditFacilityMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="BorrowerBBorrowerCBorrowerDMember" id="glbs_BorrowerBBorrowerCBorrowerDMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="BorrowerABorrowerEMember" id="glbs_BorrowerABorrowerEMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="TrancheBMember" id="glbs_TrancheBMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="TrancheAMember" id="glbs_TrancheAMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="CreditFacilityAxis" id="glbs_CreditFacilityAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="KeltyMarineLimitedMember" id="glbs_KeltyMarineLimitedMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="VesselOwningSubsidiariesMember" id="glbs_VesselOwningSubsidiariesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="NumberOfOrdinarySharesMember" id="glbs_NumberOfOrdinarySharesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="OtherVoyageExpense" id="glbs_OtherVoyageExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="StoresExpense" id="glbs_StoresExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="PersonnelExpense" id="glbs_PersonnelExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="StationeryExpense" id="glbs_StationeryExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="DividendsPayableLineItems" id="glbs_DividendsPayableLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="AmortizationOfDebtDiscount" id="glbs_AmortizationOfDebtDiscount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="FirstPreferredDividendMember" id="glbs_FirstPreferredDividendMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="SecondPreferredDividendMember" id="glbs_SecondPreferredDividendMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DividendsMember" id="glbs_DividendsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DividendsAxis" id="glbs_DividendsAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DividendsPayableTable" id="glbs_DividendsPayableTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DividendsPayableDateDeclaredDayMonthAndYear" id="glbs_DividendsPayableDateDeclaredDayMonthAndYear" type="xbrli:dateItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DividendPayableDateToBePaidDayMonthAndYear" id="glbs_DividendPayableDateToBePaidDayMonthAndYear" type="xbrli:dateItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="JanuaryToJune2018Member" id="glbs_JanuaryToJune2018Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="AfterJune2018Member" id="glbs_AfterJune2018Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="ActualAmountMember" id="glbs_ActualAmountMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="IncreaseInInterestRates" id="glbs_IncreaseInInterestRates" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DecreaseInInterestRates" id="glbs_DecreaseInInterestRates" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="SensitivityAnalysisForEachTypeOfMarketRiskPositiveEffectOnProfit" id="glbs_SensitivityAnalysisForEachTypeOfMarketRiskPositiveEffectOnProfit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="duration"/>
  <element name="SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" id="glbs_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="IncreaseInExchangeRates" id="glbs_IncreaseInExchangeRates" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DecreaseInExchangeRates" id="glbs_DecreaseInExchangeRates" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="MajorChartererMember" id="glbs_MajorChartererMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="MajorChartererBMember" id="glbs_MajorChartererBMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="OtherMajorCharterersMember" id="glbs_OtherMajorCharterersMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="MajorChartererDMember" id="glbs_MajorChartererDMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="MajorChartererEMember" id="glbs_MajorChartererEMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="MajorChartererCMember" id="glbs_MajorChartererCMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="PropertyPlantAndEquipmentFairValueAdjustment" id="glbs_PropertyPlantAndEquipmentFairValueAdjustment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" id="glbs_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="AdjustedBookCapiltaisationPlusNetDebt" id="glbs_AdjustedBookCapiltaisationPlusNetDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="AdjustedBookCapitalisation" id="glbs_AdjustedBookCapitalisation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="BorrowingsPercentageBearingFixedInterestRate" id="glbs_BorrowingsPercentageBearingFixedInterestRate" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="GlobusMaritimeLimitedMember" id="glbs_GlobusMaritimeLimitedMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DescriptionOfAccountingPolicyForLesseeExplanatory" id="glbs_DescriptionOfAccountingPolicyForLesseeExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DescriptionOfAccountingPolicyForLessorExplanatory" id="glbs_DescriptionOfAccountingPolicyForLessorExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" id="glbs_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="ConsultingFeesExpense" id="glbs_ConsultingFeesExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions" id="glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" id="glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" id="glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity" id="glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="February2017PrivatePlacementMember" id="glbs_February2017PrivatePlacementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="February2017WarrantsMember" id="glbs_February2017WarrantsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="ProceedsFromWarrantExercises" id="glbs_ProceedsFromWarrantExercises" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="WarrantsExpense" id="glbs_WarrantsExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="NumberOfSharesSold" id="glbs_NumberOfSharesSold" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="October2017PrivatePlacementMember" id="glbs_October2017PrivatePlacementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="LaterThanTwoYearsMember" id="glbs_LaterThanTwoYearsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfCashAndBankBalancesExplanatory" id="glbs_DisclosureOfCashAndBankBalancesExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfCompensationOfNonExecutiveDirectors" id="glbs_DisclosureOfCompensationOfNonExecutiveDirectors" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfCompensationOfExecutiveDirector" id="glbs_DisclosureOfCompensationOfExecutiveDirector" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfPropertyPlantAndEquipmentConsolidatedStatementOfFinancialPositionExplanatory" id="glbs_DisclosureOfPropertyPlantAndEquipmentConsolidatedStatementOfFinancialPositionExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfPropertyPlantAndEquipmentConsolidatedStatementOfComprehensiveIncomeLossExplanatory" id="glbs_DisclosureOfPropertyPlantAndEquipmentConsolidatedStatementOfComprehensiveIncomeLossExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfInventoriesConsolidatedStatementOfFinancialPositionExplanatory" id="glbs_DisclosureOfInventoriesConsolidatedStatementOfFinancialPositionExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfPrepaymentsAndOtherAssetsConsolidatedStatementOfFinancialPositionExplanatory" id="glbs_DisclosureOfPrepaymentsAndOtherAssetsConsolidatedStatementOfFinancialPositionExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfAccruedExpensesAndOtherLiabilitiesConsolidatedStatementOfFinancialPositionExplanatory" id="glbs_DisclosureOfAccruedExpensesAndOtherLiabilitiesConsolidatedStatementOfFinancialPositionExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfCommonSharesExplanatory" id="glbs_DisclosureOfCommonSharesExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfPreferredSharesExplanatory" id="glbs_DisclosureOfPreferredSharesExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfEarningsPerShareTableExplanatory" id="glbs_DisclosureOfEarningsPerShareTableExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" id="glbs_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfLongTermDebtAnnualPrincipalPayments" id="glbs_DisclosureOfLongTermDebtAnnualPrincipalPayments" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfShareBasedPayment" id="glbs_DisclosureOfShareBasedPayment" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfVoyageAndVesselOperatingExpenses" id="glbs_DisclosureOfVoyageAndVesselOperatingExpenses" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfAdministrativeExpenses" id="glbs_DisclosureOfAdministrativeExpenses" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfInterestExpenseAndFinanceCostsExplanatory" id="glbs_DisclosureOfInterestExpenseAndFinanceCostsExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfDividends" id="glbs_DisclosureOfDividends" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" id="glbs_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfFutureMinimumLeasePaymentsExplanatory" id="glbs_DisclosureOfFutureMinimumLeasePaymentsExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfInterestRateRiskExplanatory" id="glbs_DisclosureOfInterestRateRiskExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfForeignCurrencyRiskExplanatory" id="glbs_DisclosureOfForeignCurrencyRiskExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfConcentrationOfCreditRiskExplanatory" id="glbs_DisclosureOfConcentrationOfCreditRiskExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfLiquidityRisksExplanatory" id="glbs_DisclosureOfLiquidityRisksExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfCapitalManagementExplanatory" id="glbs_DisclosureOfCapitalManagementExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfFairValuesExplanatory" id="glbs_DisclosureOfFairValuesExplanatory" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="IncreaseDecreaseVoyageExpenses" id="glbs_IncreaseDecreaseVoyageExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="IncreaseDecreaseVoyageRevenues" id="glbs_IncreaseDecreaseVoyageRevenues" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="duration"/>
  <element name="RestrictedCashCollateralBreached" id="glbs_RestrictedCashCollateralBreached" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="OperatingCosts" id="glbs_OperatingCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <element name="OneYearIncreaseMember" id="glbs_OneYearIncreaseMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="OneYearDecreaseMember" id="glbs_OneYearDecreaseMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="ZeroPointFivePercentagePointIncreaseMember" id="glbs_ZeroPointFivePercentagePointIncreaseMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="ZeroPointFivePercentagePointDecreaseMember" id="glbs_ZeroPointFivePercentagePointDecreaseMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="FirmentShippingIncLoanAgreementMember" id="glbs_FirmentShippingIncLoanAgreementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="ConvertibleNoteMember" id="glbs_ConvertibleNoteMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="EnTrustMember" id="glbs_EnTrustMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsReceivableLineItems" id="glbs_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsReceivableLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" id="glbs_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="instant"/>
  <element name="DisclosureOfFinanceLeaseAndOperatingLeaseByLessorAbstract" id="glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfFinanceLeaseAndOperatingLeaseByLessorTable" id="glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems" id="glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <element name="MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" id="glbs_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="DebtInstrumentPrepaymentAmount" id="glbs_DebtInstrumentPrepaymentAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="duration"/>
  <element name="DebtInstrumentConvertibleConversionPrice" id="glbs_DebtInstrumentConvertibleConversionPrice" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="DebtSecuritiesCovenants" id="glbs_DebtSecuritiesCovenants" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="CashSegregatedUnderCovenantRequirements" id="glbs_CashSegregatedUnderCovenantRequirements" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <element name="DebtInstrumentInterestRateStatedPercentage" id="glbs_DebtInstrumentInterestRateStatedPercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant"/>
  <element name="LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms" id="glbs_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="CyberonicaMember" id="glbs_CyberonicaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>6
<FILENAME>glbs-20190630_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Fujitsu Interstage XWand B0228 -->
<!--
Taxonomy Calculation Links linkbase based on XBRL standard Version 2.1.
Created by UBmatrix Taxonomy Designer 3.0.2.2383 (2008-08-05 09:43).
Contact www.ubmatrix.com
Copyright (c) 2002-2018 UBmatrix inc., All Rights Reserved
Produced on 2018-01-09 12:04:48
-->
<linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink">
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  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/UnauditedConsolidatedStatementOfFinancialPosition" xlink:type="simple" xlink:href="glbs-20190630.xsd#UnauditedConsolidatedStatementOfFinancialPosition"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/CashAndCashEquivalentsAndRestrictedCashTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#CashAndCashEquivalentsAndRestrictedCashTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VesselsNetConsolidatedStatementOfComprehensiveIncomeTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#VesselsNetConsolidatedStatementOfComprehensiveIncomeTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/InventoriesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#InventoriesTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/PrepaymentsAndOtherAssetsTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#PrepaymentsAndOtherAssetsTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/AccruedLiabilitiesAndOtherPayablesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#AccruedLiabilitiesAndOtherPayablesTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/EarningsLossPerShareTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#EarningsLossPerShareTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/AdministrativeExpensesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#AdministrativeExpensesTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/InterestExpenseAndFinanceCostsTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#InterestExpenseAndFinanceCostsTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VoyageExpensesAndVesselOperatingExpensesVesselOperatingExpensesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#VoyageExpensesAndVesselOperatingExpensesVesselOperatingExpensesTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VoyageExpensesAndVesselOperatingExpensesVoyageExpensesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#VoyageExpensesAndVesselOperatingExpensesVoyageExpensesTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/UnauditedConsolidatedStatementCashFlows" xlink:type="simple" xlink:href="glbs-20190630.xsd#UnauditedConsolidatedStatementCashFlows"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesAdjustedBookCapitalizationTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesAdjustedBookCapitalizationTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesLiquidityRiskTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesLiquidityRiskTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesTableDetails"/>
  <calculationLink xlink:type="extended" xlink:role="http://www.globusmaritime.gr/20190630/role/UnauditedConsolidatedStatementComprehensiveIncomeLoss">
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ComprehensiveIncome" xlink:title="ComprehensiveIncome"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="OtherComprehensiveIncome" xlink:title="OtherComprehensiveIncome"/>
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ComprehensiveIncome" xlink:to="OtherComprehensiveIncome" xlink:title="calculation: ComprehensiveIncome to OtherComprehensiveIncome" use="optional" order="1.0" weight="1"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProfitLoss" xlink:label="ProfitLoss" xlink:title="ProfitLoss"/>
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ComprehensiveIncome" xlink:to="ProfitLoss" xlink:title="calculation: ComprehensiveIncome to ProfitLoss" use="optional" order="2.0" weight="1"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="ProfitLossFromOperatingActivities" xlink:title="ProfitLossFromOperatingActivities"/>
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitLoss" xlink:to="ProfitLossFromOperatingActivities" xlink:title="calculation: ProfitLoss to ProfitLossFromOperatingActivities" use="optional" order="1.0" weight="1"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DepreciationExpense" xlink:label="DepreciationExpense" xlink:title="DepreciationExpense"/>
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitLossFromOperatingActivities" xlink:to="DepreciationExpense" xlink:title="calculation: ProfitLossFromOperatingActivities to DepreciationExpense" use="optional" order="2.0" weight="-1"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DepreciationOfDryDockingCosts" xlink:label="DepreciationOfDryDockingCosts" xlink:title="DepreciationOfDryDockingCosts"/>
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitLossFromOperatingActivities" xlink:to="DepreciationOfDryDockingCosts" xlink:title="calculation: ProfitLossFromOperatingActivities to DepreciationOfDryDockingCosts" use="optional" order="3.0" weight="-1"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AmortisationExpense" xlink:label="AmortisationExpense" xlink:title="AmortisationExpense"/>
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitLossFromOperatingActivities" xlink:to="AmortisationExpense" xlink:title="calculation: ProfitLossFromOperatingActivities to AmortisationExpense" use="optional" order="4.0" weight="-1"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AdministrativeExpense" xlink:label="AdministrativeExpense" xlink:title="AdministrativeExpense"/>
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ProfitLossFromOperatingActivities" xlink:to="AdministrativeExpense" xlink:title="calculation: ProfitLossFromOperatingActivities to AdministrativeExpense" use="optional" order="5.0" weight="-1"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AdministrativeExpenseRelatedPartyTransactions" xlink:label="AdministrativeExpenseRelatedPartyTransactions" xlink:title="AdministrativeExpenseRelatedPartyTransactions"/>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>7
<FILENAME>glbs-20190630_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
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<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
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<!--
Taxonomy Definition Links linkbase based on XBRL standard Version 2.1.
Created by UBmatrix Taxonomy Designer 3.0.2.2383 (2008-08-05 09:43).
Contact www.ubmatrix.com
Copyright (c) 2002-2018 UBmatrix inc., All Rights Reserved
Produced on 2018-01-09 12:04:48
-->
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>8
<FILENAME>glbs-20190630_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Fujitsu Interstage XWand B0228 -->
<!--
Taxonomy Label Links linkbase based on XBRL standard Version 2.1.
Created by UBmatrix Taxonomy Designer 3.0.2.2383 (2008-08-05 09:43).
Contact www.ubmatrix.com
Copyright (c) 2002-2018 UBmatrix inc., All Rights Reserved
Produced on 2018-01-09 12:04:48
-->
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AccruedAuditFeesCurrent" xlink:label="AccruedAuditFeesCurrent" xlink:title="AccruedAuditFeesCurrent"/>
    <label xlink:type="resource" xlink:label="label_AccruedAuditFeesCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccruedAuditFeesCurrent" xml:lang="en-US" id="label_AccruedAuditFeesCurrent">The amount of current audit fees payable.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedAuditFeesCurrent" xlink:to="label_AccruedAuditFeesCurrent" xlink:title="label: AccruedAuditFeesCurrent to label_AccruedAuditFeesCurrent"/>
    <label xlink:type="resource" xlink:label="label_AccruedAuditFeesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedAuditFeesCurrent" xml:lang="en-US" id="label_AccruedAuditFeesCurrent_2">Accrued Audit Fees Current</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedAuditFeesCurrent" xlink:to="label_AccruedAuditFeesCurrent_2" xlink:title="label: AccruedAuditFeesCurrent to label_AccruedAuditFeesCurrent"/>
    <label xlink:type="resource" xlink:label="label_AccruedAuditFeesCurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccruedAuditFeesCurrent" xml:lang="en-US" id="label_AccruedAuditFeesCurrent_3">Accrued audit fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedAuditFeesCurrent" xlink:to="label_AccruedAuditFeesCurrent_3" xlink:title="label: AccruedAuditFeesCurrent to label_AccruedAuditFeesCurrent"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AccruedDirectorsCompensation" xlink:label="AccruedDirectorsCompensation" xlink:title="AccruedDirectorsCompensation"/>
    <label xlink:type="resource" xlink:label="label_AccruedDirectorsCompensation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccruedDirectorsCompensation" xml:lang="en-US" id="label_AccruedDirectorsCompensation_3">Carrying value as of the balance sheet date of the obligations incurred through that date and payable for directors' services provided.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedDirectorsCompensation" xlink:to="label_AccruedDirectorsCompensation" xlink:title="label: AccruedDirectorsCompensation to label_AccruedDirectorsCompensation"/>
    <label xlink:type="resource" xlink:label="label_AccruedDirectorsCompensation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedDirectorsCompensation" xml:lang="en-US" id="label_AccruedDirectorsCompensation">Accrued Directors Compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedDirectorsCompensation" xlink:to="label_AccruedDirectorsCompensation_2" xlink:title="label: AccruedDirectorsCompensation to label_AccruedDirectorsCompensation"/>
    <label xlink:type="resource" xlink:label="label_AccruedDirectorsCompensation_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccruedDirectorsCompensation" xml:lang="en-US" id="label_AccruedDirectorsCompensation_2">Accrued compensation to non-executive directors</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedDirectorsCompensation" xlink:to="label_AccruedDirectorsCompensation_3" xlink:title="label: AccruedDirectorsCompensation to label_AccruedDirectorsCompensation"/>
    <label xlink:type="resource" xlink:label="label_AccruedDirectorsCompensation_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AccruedDirectorsCompensation" xml:lang="en-US" id="label_AccruedDirectorsCompensation_4">Accrued compensation to directors</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedDirectorsCompensation" xlink:to="label_AccruedDirectorsCompensation_4" xlink:title="label: AccruedDirectorsCompensation to label_AccruedDirectorsCompensation"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xlink:label="AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xlink:title="AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill">Accumulated amortization of intangible assets at the end of the reporting period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xlink:to="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xlink:title="label: AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill to label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill_2">Accumulated Amortization Of Intangible Assets Other Than Goodwill</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xlink:to="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill_2" xlink:title="label: AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill to label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill_3" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:title="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill_3">Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xlink:to="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill_3" xlink:title="label: AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill to label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill_4" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:title="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill_4">Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill" xlink:to="label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill_4" xlink:title="label: AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill to label_AccumulatedAmortizationOfIntangibleAssetsOtherThanGoodwill"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AccumulatedDepreciationPropertyPlantAndEquipment" xlink:label="AccumulatedDepreciationPropertyPlantAndEquipment" xlink:title="AccumulatedDepreciationPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedDepreciationPropertyPlantAndEquipment" xml:lang="en-US" id="label_AccumulatedDepreciationPropertyPlantAndEquipment">Amount of accumulated depreciation for physical assets used in the normal conduct of business to produce goods and services.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationPropertyPlantAndEquipment" xlink:title="label: AccumulatedDepreciationPropertyPlantAndEquipment to label_AccumulatedDepreciationPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationPropertyPlantAndEquipment" xml:lang="en-US" id="label_AccumulatedDepreciationPropertyPlantAndEquipment_2">Accumulated Depreciation Property Plant And Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationPropertyPlantAndEquipment_2" xlink:title="label: AccumulatedDepreciationPropertyPlantAndEquipment to label_AccumulatedDepreciationPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationPropertyPlantAndEquipment_3" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:title="label_AccumulatedDepreciationPropertyPlantAndEquipment" xml:lang="en-US" id="label_AccumulatedDepreciationPropertyPlantAndEquipment_3">Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationPropertyPlantAndEquipment_3" xlink:title="label: AccumulatedDepreciationPropertyPlantAndEquipment to label_AccumulatedDepreciationPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationPropertyPlantAndEquipment_4" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:title="label_AccumulatedDepreciationPropertyPlantAndEquipment" xml:lang="en-US" id="label_AccumulatedDepreciationPropertyPlantAndEquipment_4">Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationPropertyPlantAndEquipment_4" xlink:title="label: AccumulatedDepreciationPropertyPlantAndEquipment to label_AccumulatedDepreciationPropertyPlantAndEquipment"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment" xlink:label="AccumulatedDepreciationSaleOfPropertyPlantAndEquipment" xlink:title="AccumulatedDepreciationSaleOfPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment" xml:lang="en-US" id="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment">Amount of decrease in accumulated depreciation as a result of sale or disposal of property, plant and equipment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationSaleOfPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment" xlink:title="label: AccumulatedDepreciationSaleOfPropertyPlantAndEquipment to label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment" xml:lang="en-US" id="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment_2">Accumulated Depreciation Sale Of Property Plant And Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationSaleOfPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment_2" xlink:title="label: AccumulatedDepreciationSaleOfPropertyPlantAndEquipment to label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment" xml:lang="en-US" id="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment_3">Sale of vessel</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationSaleOfPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment_3" xlink:title="label: AccumulatedDepreciationSaleOfPropertyPlantAndEquipment to label_AccumulatedDepreciationSaleOfPropertyPlantAndEquipment"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AccumulatedDepreciationSaleOfSubsidiary" xlink:label="AccumulatedDepreciationSaleOfSubsidiary" xlink:title="AccumulatedDepreciationSaleOfSubsidiary"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationSaleOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedDepreciationSaleOfSubsidiary" xml:lang="en-US" id="label_AccumulatedDepreciationSaleOfSubsidiary">Amount of decrease in accumulated depreciation as a result of sale of subsidiary.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationSaleOfSubsidiary" xlink:to="label_AccumulatedDepreciationSaleOfSubsidiary" xlink:title="label: AccumulatedDepreciationSaleOfSubsidiary to label_AccumulatedDepreciationSaleOfSubsidiary"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationSaleOfSubsidiary_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationSaleOfSubsidiary" xml:lang="en-US" id="label_AccumulatedDepreciationSaleOfSubsidiary_2">Accumulated Depreciation Sale Of Subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationSaleOfSubsidiary" xlink:to="label_AccumulatedDepreciationSaleOfSubsidiary_2" xlink:title="label: AccumulatedDepreciationSaleOfSubsidiary to label_AccumulatedDepreciationSaleOfSubsidiary"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationSaleOfSubsidiary_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AccumulatedDepreciationSaleOfSubsidiary" xml:lang="en-US" id="label_AccumulatedDepreciationSaleOfSubsidiary_3">Sale of subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationSaleOfSubsidiary" xlink:to="label_AccumulatedDepreciationSaleOfSubsidiary_3" xlink:title="label: AccumulatedDepreciationSaleOfSubsidiary to label_AccumulatedDepreciationSaleOfSubsidiary"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts" xlink:label="AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts" xlink:title="AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts"/>
    <label xlink:type="resource" xlink:label="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts" xml:lang="en-US" id="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts">Adjustments for depreciation expense of deferred dry-docking costs to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts" xlink:to="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts" xlink:title="label: AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts to label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts"/>
    <label xlink:type="resource" xlink:label="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts" xml:lang="en-US" id="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts_2">Adjustments For Depreciation Expense Of Deferred Dry Docking Costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts" xlink:to="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts_2" xlink:title="label: AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts to label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts"/>
    <label xlink:type="resource" xlink:label="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts" xml:lang="en-US" id="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts_3">Depreciation of deferred dry docking costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts" xlink:to="label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts_3" xlink:title="label: AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts to label_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables" xlink:label="AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables" xlink:title="AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables"/>
    <label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables">Adjustments for increase (decrease) in accrued liabilities and other payables to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables" xlink:to="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables" xlink:title="label: AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables to label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables"/>
    <label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables_2">Adjustments For Increase Decrease In Accrued Liabilities And Other Payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables" xlink:to="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables_2" xlink:title="label: AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables to label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables"/>
    <label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables_3">Accrued liabilities and other payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables" xlink:to="label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables_3" xlink:title="label: AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables to label_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:label="AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:title="AdjustmentsForIncreaseDecreaseInDeferredRevenue"/>
    <label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue">Adjustments for increase (decrease) in deferred revenue to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:to="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:title="label: AdjustmentsForIncreaseDecreaseInDeferredRevenue to label_AdjustmentsForIncreaseDecreaseInDeferredRevenue"/>
    <label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue_2">Adjustments For Increase Decrease In Deferred Revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:to="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue_2" xlink:title="label: AdjustmentsForIncreaseDecreaseInDeferredRevenue to label_AdjustmentsForIncreaseDecreaseInDeferredRevenue"/>
    <label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue_3">Deferred revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:to="label_AdjustmentsForIncreaseDecreaseInDeferredRevenue_3" xlink:title="label: AdjustmentsForIncreaseDecreaseInDeferredRevenue to label_AdjustmentsForIncreaseDecreaseInDeferredRevenue"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AdministrativeExpenseRelatedPartyTransactions" xlink:label="AdministrativeExpenseRelatedPartyTransactions" xlink:title="AdministrativeExpenseRelatedPartyTransactions"/>
    <label xlink:type="resource" xlink:label="label_AdministrativeExpenseRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdministrativeExpenseRelatedPartyTransactions" xml:lang="en-US" id="label_AdministrativeExpenseRelatedPartyTransactions">The amount of expenses that the entity classifies as being administrative resulting from related party transactions.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeExpenseRelatedPartyTransactions" xlink:to="label_AdministrativeExpenseRelatedPartyTransactions" xlink:title="label: AdministrativeExpenseRelatedPartyTransactions to label_AdministrativeExpenseRelatedPartyTransactions"/>
    <label xlink:type="resource" xlink:label="label_AdministrativeExpenseRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdministrativeExpenseRelatedPartyTransactions" xml:lang="en-US" id="label_AdministrativeExpenseRelatedPartyTransactions_2">Administrative Expense Related Party Transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeExpenseRelatedPartyTransactions" xlink:to="label_AdministrativeExpenseRelatedPartyTransactions_2" xlink:title="label: AdministrativeExpenseRelatedPartyTransactions to label_AdministrativeExpenseRelatedPartyTransactions"/>
    <label xlink:type="resource" xlink:label="label_AdministrativeExpenseRelatedPartyTransactions_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdministrativeExpenseRelatedPartyTransactions" xml:lang="en-US" id="label_AdministrativeExpenseRelatedPartyTransactions_3">Administrative expenses payable to related parties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeExpenseRelatedPartyTransactions" xlink:to="label_AdministrativeExpenseRelatedPartyTransactions_3" xlink:title="label: AdministrativeExpenseRelatedPartyTransactions to label_AdministrativeExpenseRelatedPartyTransactions"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AffiliatedCompanyOfCompanysCEOMember" xlink:label="AffiliatedCompanyOfCompanysCEOMember" xlink:title="AffiliatedCompanyOfCompanysCEOMember"/>
    <label xlink:type="resource" xlink:label="label_AffiliatedCompanyOfCompanysCEOMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AffiliatedCompanyOfCompanysCEOMember" xml:lang="en-US" id="label_AffiliatedCompanyOfCompanysCEOMember">Affiliated Company Of Companys CEO [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AffiliatedCompanyOfCompanysCEOMember" xlink:to="label_AffiliatedCompanyOfCompanysCEOMember" xlink:title="label: AffiliatedCompanyOfCompanysCEOMember to label_AffiliatedCompanyOfCompanysCEOMember"/>
    <label xlink:type="resource" xlink:label="label_AffiliatedCompanyOfCompanysCEOMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AffiliatedCompanyOfCompanysCEOMember" xml:lang="en-US" id="label_AffiliatedCompanyOfCompanysCEOMember_2">Affiliated Company of Company's CEO</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AffiliatedCompanyOfCompanysCEOMember" xlink:to="label_AffiliatedCompanyOfCompanysCEOMember_2" xlink:title="label: AffiliatedCompanyOfCompanysCEOMember to label_AffiliatedCompanyOfCompanysCEOMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AllowanceForDoubtfulTradeReceivables" xlink:label="AllowanceForDoubtfulTradeReceivables" xlink:title="AllowanceForDoubtfulTradeReceivables"/>
    <label xlink:type="resource" xlink:label="label_AllowanceForDoubtfulTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllowanceForDoubtfulTradeReceivables" xml:lang="en-US" id="label_AllowanceForDoubtfulTradeReceivables">A valuation allowance for trade receivables due from companies that are expected to be uncollectible.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForDoubtfulTradeReceivables" xlink:to="label_AllowanceForDoubtfulTradeReceivables" xlink:title="label: AllowanceForDoubtfulTradeReceivables to label_AllowanceForDoubtfulTradeReceivables"/>
    <label xlink:type="resource" xlink:label="label_AllowanceForDoubtfulTradeReceivables_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceForDoubtfulTradeReceivables" xml:lang="en-US" id="label_AllowanceForDoubtfulTradeReceivables_2">Allowance For Doubtful Trade Receivables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForDoubtfulTradeReceivables" xlink:to="label_AllowanceForDoubtfulTradeReceivables_2" xlink:title="label: AllowanceForDoubtfulTradeReceivables to label_AllowanceForDoubtfulTradeReceivables"/>
    <label xlink:type="resource" xlink:label="label_AllowanceForDoubtfulTradeReceivables_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllowanceForDoubtfulTradeReceivables" xml:lang="en-US" id="label_AllowanceForDoubtfulTradeReceivables_3">Provision for doubtful trade receivables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForDoubtfulTradeReceivables" xlink:to="label_AllowanceForDoubtfulTradeReceivables_3" xlink:title="label: AllowanceForDoubtfulTradeReceivables to label_AllowanceForDoubtfulTradeReceivables"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:label="ArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:title="ArtfulShipholdingSALongevityMaritimeLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_ArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ArtfulShipholdingSALongevityMaritimeLimitedMember" xml:lang="en-US" id="label_ArtfulShipholdingSALongevityMaritimeLimitedMember">Artful Shipholding SA Longevity Maritime Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:to="label_ArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:title="label: ArtfulShipholdingSALongevityMaritimeLimitedMember to label_ArtfulShipholdingSALongevityMaritimeLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_ArtfulShipholdingSALongevityMaritimeLimitedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ArtfulShipholdingSALongevityMaritimeLimitedMember" xml:lang="en-US" id="label_ArtfulShipholdingSALongevityMaritimeLimitedMember_2">Artful Shipholding S.A. &amp; Longevity Maritime Limited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:to="label_ArtfulShipholdingSALongevityMaritimeLimitedMember_2" xlink:title="label: ArtfulShipholdingSALongevityMaritimeLimitedMember to label_ArtfulShipholdingSALongevityMaritimeLimitedMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ArtfulShipholdingSAMember" xlink:label="ArtfulShipholdingSAMember" xlink:title="ArtfulShipholdingSAMember"/>
    <label xlink:type="resource" xlink:label="label_ArtfulShipholdingSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ArtfulShipholdingSAMember" xml:lang="en-US" id="label_ArtfulShipholdingSAMember">Artful Shipholding SA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArtfulShipholdingSAMember" xlink:to="label_ArtfulShipholdingSAMember" xlink:title="label: ArtfulShipholdingSAMember to label_ArtfulShipholdingSAMember"/>
    <label xlink:type="resource" xlink:label="label_ArtfulShipholdingSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ArtfulShipholdingSAMember" xml:lang="en-US" id="label_ArtfulShipholdingSAMember_2">Artful Shipholding S.A.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArtfulShipholdingSAMember" xlink:to="label_ArtfulShipholdingSAMember_2" xlink:title="label: ArtfulShipholdingSAMember to label_ArtfulShipholdingSAMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AssumptionOfAnnualGrowthRatesOfTimeCharterRates" xlink:label="AssumptionOfAnnualGrowthRatesOfTimeCharterRates" xlink:title="AssumptionOfAnnualGrowthRatesOfTimeCharterRates"/>
    <label xlink:type="resource" xlink:label="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates" xml:lang="en-US" id="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates">The expected annual growth rate of time charter rates used as an assumption to determine the discounted future cash flows of each vessel.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssumptionOfAnnualGrowthRatesOfTimeCharterRates" xlink:to="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates" xlink:title="label: AssumptionOfAnnualGrowthRatesOfTimeCharterRates to label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates"/>
    <label xlink:type="resource" xlink:label="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates" xml:lang="en-US" id="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates_2">Assumption Of Annual Growth Rates Of Time Charter Rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssumptionOfAnnualGrowthRatesOfTimeCharterRates" xlink:to="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates_2" xlink:title="label: AssumptionOfAnnualGrowthRatesOfTimeCharterRates to label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates"/>
    <label xlink:type="resource" xlink:label="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates" xml:lang="en-US" id="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates_3">Annual growth rate of time charter rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssumptionOfAnnualGrowthRatesOfTimeCharterRates" xlink:to="label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates_3" xlink:title="label: AssumptionOfAnnualGrowthRatesOfTimeCharterRates to label_AssumptionOfAnnualGrowthRatesOfTimeCharterRates"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AssumptionOfExpectedRatesOfInflation" xlink:label="AssumptionOfExpectedRatesOfInflation" xlink:title="AssumptionOfExpectedRatesOfInflation"/>
    <label xlink:type="resource" xlink:label="label_AssumptionOfExpectedRatesOfInflation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AssumptionOfExpectedRatesOfInflation" xml:lang="en-US" id="label_AssumptionOfExpectedRatesOfInflation">The expected rate of inflation that is used as an assumption to determine the discounted future cash flows of each vessel.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssumptionOfExpectedRatesOfInflation" xlink:to="label_AssumptionOfExpectedRatesOfInflation" xlink:title="label: AssumptionOfExpectedRatesOfInflation to label_AssumptionOfExpectedRatesOfInflation"/>
    <label xlink:type="resource" xlink:label="label_AssumptionOfExpectedRatesOfInflation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssumptionOfExpectedRatesOfInflation" xml:lang="en-US" id="label_AssumptionOfExpectedRatesOfInflation_2">Assumption Of Expected Rates Of Inflation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssumptionOfExpectedRatesOfInflation" xlink:to="label_AssumptionOfExpectedRatesOfInflation_2" xlink:title="label: AssumptionOfExpectedRatesOfInflation to label_AssumptionOfExpectedRatesOfInflation"/>
    <label xlink:type="resource" xlink:label="label_AssumptionOfExpectedRatesOfInflation_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssumptionOfExpectedRatesOfInflation" xml:lang="en-US" id="label_AssumptionOfExpectedRatesOfInflation_3">Expected rate of inflation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssumptionOfExpectedRatesOfInflation" xlink:to="label_AssumptionOfExpectedRatesOfInflation_3" xlink:title="label: AssumptionOfExpectedRatesOfInflation to label_AssumptionOfExpectedRatesOfInflation"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AssumptionOfFleetUtilisationRate" xlink:label="AssumptionOfFleetUtilisationRate" xlink:title="AssumptionOfFleetUtilisationRate"/>
    <label xlink:type="resource" xlink:label="label_AssumptionOfFleetUtilisationRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AssumptionOfFleetUtilisationRate" xml:lang="en-US" id="label_AssumptionOfFleetUtilisationRate">The expected fleet utilisation rate that is used as an assumption to determine the discounted future cash flows of each vessel.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssumptionOfFleetUtilisationRate" xlink:to="label_AssumptionOfFleetUtilisationRate" xlink:title="label: AssumptionOfFleetUtilisationRate to label_AssumptionOfFleetUtilisationRate"/>
    <label xlink:type="resource" xlink:label="label_AssumptionOfFleetUtilisationRate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssumptionOfFleetUtilisationRate" xml:lang="en-US" id="label_AssumptionOfFleetUtilisationRate_2">Assumption Of Fleet Utilisation Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssumptionOfFleetUtilisationRate" xlink:to="label_AssumptionOfFleetUtilisationRate_2" xlink:title="label: AssumptionOfFleetUtilisationRate to label_AssumptionOfFleetUtilisationRate"/>
    <label xlink:type="resource" xlink:label="label_AssumptionOfFleetUtilisationRate_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssumptionOfFleetUtilisationRate" xml:lang="en-US" id="label_AssumptionOfFleetUtilisationRate_3">Expected fleet utilisation rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssumptionOfFleetUtilisationRate" xlink:to="label_AssumptionOfFleetUtilisationRate_3" xlink:title="label: AssumptionOfFleetUtilisationRate to label_AssumptionOfFleetUtilisationRate"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BorrowingsGross" xlink:label="BorrowingsGross" xlink:title="BorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BorrowingsGross" xml:lang="en-US" id="label_BorrowingsGross">Amount of long-term debt, before deduction of unamortized (discount) premium and debt issuance costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsGross" xlink:to="label_BorrowingsGross" xlink:title="label: BorrowingsGross to label_BorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsGross_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsGross" xml:lang="en-US" id="label_BorrowingsGross_2">Long -term borrowings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsGross" xlink:to="label_BorrowingsGross_2" xlink:title="label: BorrowingsGross to label_BorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsGross_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsGross" xml:lang="en-US" id="label_BorrowingsGross_3">Loan Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsGross" xlink:to="label_BorrowingsGross_3" xlink:title="label: BorrowingsGross to label_BorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsGross_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BorrowingsGross" xml:lang="en-US" id="label_BorrowingsGross_4">Interest bearing loans</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsGross" xlink:to="label_BorrowingsGross_4" xlink:title="label: BorrowingsGross to label_BorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsGross_5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_BorrowingsGross" xml:lang="en-US" id="label_BorrowingsGross_5">Less: Cash and bank balances and bank deposits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsGross" xlink:to="label_BorrowingsGross_5" xlink:title="label: BorrowingsGross to label_BorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsGross_6" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_BorrowingsGross" xml:lang="en-US" id="label_BorrowingsGross_6">Interest bearing loans</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsGross" xlink:to="label_BorrowingsGross_6" xlink:title="label: BorrowingsGross to label_BorrowingsGross"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BunkerInventoryCurrent" xlink:label="BunkerInventoryCurrent" xlink:title="BunkerInventoryCurrent"/>
    <label xlink:type="resource" xlink:label="label_BunkerInventoryCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BunkerInventoryCurrent" xml:lang="en-US" id="label_BunkerInventoryCurrent">Carrying amount as of the balance sheet date of bunkers' inventory.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BunkerInventoryCurrent" xlink:to="label_BunkerInventoryCurrent" xlink:title="label: BunkerInventoryCurrent to label_BunkerInventoryCurrent"/>
    <label xlink:type="resource" xlink:label="label_BunkerInventoryCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BunkerInventoryCurrent" xml:lang="en-US" id="label_BunkerInventoryCurrent_2">Bunker Inventory Current</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BunkerInventoryCurrent" xlink:to="label_BunkerInventoryCurrent_2" xlink:title="label: BunkerInventoryCurrent to label_BunkerInventoryCurrent"/>
    <label xlink:type="resource" xlink:label="label_BunkerInventoryCurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BunkerInventoryCurrent" xml:lang="en-US" id="label_BunkerInventoryCurrent_3">Bunkers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BunkerInventoryCurrent" xlink:to="label_BunkerInventoryCurrent_3" xlink:title="label: BunkerInventoryCurrent to label_BunkerInventoryCurrent"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CarryingAmountIMember" xlink:label="CarryingAmountIMember" xlink:title="CarryingAmountIMember"/>
    <label xlink:type="resource" xlink:label="label_CarryingAmountIMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CarryingAmountIMember" xml:lang="en-US" id="label_CarryingAmountIMember">This member stands for the amount at which an asset is recognised in the statement of financial position (after deducting any accumulated depreciation or amortisation and accumulated impairment losses).</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountIMember" xlink:to="label_CarryingAmountIMember" xlink:title="label: CarryingAmountIMember to label_CarryingAmountIMember"/>
    <label xlink:type="resource" xlink:label="label_CarryingAmountIMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CarryingAmountIMember" xml:lang="en-US" id="label_CarryingAmountIMember_2">Carrying Amount I [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountIMember" xlink:to="label_CarryingAmountIMember_2" xlink:title="label: CarryingAmountIMember to label_CarryingAmountIMember"/>
    <label xlink:type="resource" xlink:label="label_CarryingAmountIMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CarryingAmountIMember" xml:lang="en-US" id="label_CarryingAmountIMember_3">Carrying Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountIMember" xlink:to="label_CarryingAmountIMember_3" xlink:title="label: CarryingAmountIMember to label_CarryingAmountIMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CashAndCashEquivalentsFairValueDisclosure" xlink:label="CashAndCashEquivalentsFairValueDisclosure" xlink:title="CashAndCashEquivalentsFairValueDisclosure"/>
    <label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsFairValueDisclosure" xml:lang="en-US" id="label_CashAndCashEquivalentsFairValueDisclosure">Cash And Cash Equivalents Fair Value Disclosure</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsFairValueDisclosure" xlink:to="label_CashAndCashEquivalentsFairValueDisclosure" xlink:title="label: CashAndCashEquivalentsFairValueDisclosure to label_CashAndCashEquivalentsFairValueDisclosure"/>
    <label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalentsFairValueDisclosure" xml:lang="en-US" id="label_CashAndCashEquivalentsFairValueDisclosure_2">Fair value of cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsFairValueDisclosure" xlink:to="label_CashAndCashEquivalentsFairValueDisclosure_2" xlink:title="label: CashAndCashEquivalentsFairValueDisclosure to label_CashAndCashEquivalentsFairValueDisclosure"/>
    <label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashAndCashEquivalentsFairValueDisclosure" xml:lang="en-US" id="label_CashAndCashEquivalentsFairValueDisclosure_3">Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsFairValueDisclosure" xlink:to="label_CashAndCashEquivalentsFairValueDisclosure_3" xlink:title="label: CashAndCashEquivalentsFairValueDisclosure to label_CashAndCashEquivalentsFairValueDisclosure"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ChiefExecutiveOfficerMember" xlink:label="ChiefExecutiveOfficerMember" xlink:title="ChiefExecutiveOfficerMember"/>
    <label xlink:type="resource" xlink:label="label_ChiefExecutiveOfficerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChiefExecutiveOfficerMember" xml:lang="en-US" id="label_ChiefExecutiveOfficerMember">Chief Executive Officer [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChiefExecutiveOfficerMember" xlink:to="label_ChiefExecutiveOfficerMember" xlink:title="label: ChiefExecutiveOfficerMember to label_ChiefExecutiveOfficerMember"/>
    <label xlink:type="resource" xlink:label="label_ChiefExecutiveOfficerMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChiefExecutiveOfficerMember" xml:lang="en-US" id="label_ChiefExecutiveOfficerMember_2">Chief Executive Officer</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChiefExecutiveOfficerMember" xlink:to="label_ChiefExecutiveOfficerMember_2" xlink:title="label: ChiefExecutiveOfficerMember to label_ChiefExecutiveOfficerMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ClassBCommonSharesMember" xlink:label="ClassBCommonSharesMember" xlink:title="ClassBCommonSharesMember"/>
    <label xlink:type="resource" xlink:label="label_ClassBCommonSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassBCommonSharesMember" xml:lang="en-US" id="label_ClassBCommonSharesMember">Class B Common Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassBCommonSharesMember" xlink:to="label_ClassBCommonSharesMember" xlink:title="label: ClassBCommonSharesMember to label_ClassBCommonSharesMember"/>
    <label xlink:type="resource" xlink:label="label_ClassBCommonSharesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClassBCommonSharesMember" xml:lang="en-US" id="label_ClassBCommonSharesMember_2">Class B common shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassBCommonSharesMember" xlink:to="label_ClassBCommonSharesMember_2" xlink:title="label: ClassBCommonSharesMember to label_ClassBCommonSharesMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CurrentInsuranceDeductibles" xlink:label="CurrentInsuranceDeductibles" xlink:title="CurrentInsuranceDeductibles"/>
    <label xlink:type="resource" xlink:label="label_CurrentInsuranceDeductibles" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentInsuranceDeductibles" xml:lang="en-US" id="label_CurrentInsuranceDeductibles">The amount of current insurance deductibles payable.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInsuranceDeductibles" xlink:to="label_CurrentInsuranceDeductibles" xlink:title="label: CurrentInsuranceDeductibles to label_CurrentInsuranceDeductibles"/>
    <label xlink:type="resource" xlink:label="label_CurrentInsuranceDeductibles_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentInsuranceDeductibles" xml:lang="en-US" id="label_CurrentInsuranceDeductibles_2">Current Insurance Deductibles</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInsuranceDeductibles" xlink:to="label_CurrentInsuranceDeductibles_2" xlink:title="label: CurrentInsuranceDeductibles to label_CurrentInsuranceDeductibles"/>
    <label xlink:type="resource" xlink:label="label_CurrentInsuranceDeductibles_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentInsuranceDeductibles" xml:lang="en-US" id="label_CurrentInsuranceDeductibles_3">Insurance deductibles</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInsuranceDeductibles" xlink:to="label_CurrentInsuranceDeductibles_3" xlink:title="label: CurrentInsuranceDeductibles to label_CurrentInsuranceDeductibles"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CurrentPortionOfDebtInstrumentUnamortisedDiscount" xlink:label="CurrentPortionOfDebtInstrumentUnamortisedDiscount" xlink:title="CurrentPortionOfDebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount">The current portion of debt discount, after accumulated amortization.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPortionOfDebtInstrumentUnamortisedDiscount" xlink:to="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount" xlink:title="label: CurrentPortionOfDebtInstrumentUnamortisedDiscount to label_CurrentPortionOfDebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount_2">Current Portion Of Debt Instrument Unamortised Discount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPortionOfDebtInstrumentUnamortisedDiscount" xlink:to="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount_2" xlink:title="label: CurrentPortionOfDebtInstrumentUnamortisedDiscount to label_CurrentPortionOfDebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount_3">Unamortized Debt Discount - Current portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPortionOfDebtInstrumentUnamortisedDiscount" xlink:to="label_CurrentPortionOfDebtInstrumentUnamortisedDiscount_3" xlink:title="label: CurrentPortionOfDebtInstrumentUnamortisedDiscount to label_CurrentPortionOfDebtInstrumentUnamortisedDiscount"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CurrentPortionOfLongTermBorrowingsGross" xlink:label="CurrentPortionOfLongTermBorrowingsGross" xlink:title="CurrentPortionOfLongTermBorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_CurrentPortionOfLongTermBorrowingsGross_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentPortionOfLongTermBorrowingsGross" xml:lang="en-US" id="label_CurrentPortionOfLongTermBorrowingsGross_2">The current portion of  long-term debt, before deduction of unamortized (discount) premium and debt issuance costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPortionOfLongTermBorrowingsGross" xlink:to="label_CurrentPortionOfLongTermBorrowingsGross_2" xlink:title="label: CurrentPortionOfLongTermBorrowingsGross to label_CurrentPortionOfLongTermBorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_CurrentPortionOfLongTermBorrowingsGross_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentPortionOfLongTermBorrowingsGross" xml:lang="en-US" id="label_CurrentPortionOfLongTermBorrowingsGross_3">Current Portion Of Long term Borrowings Gross</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPortionOfLongTermBorrowingsGross" xlink:to="label_CurrentPortionOfLongTermBorrowingsGross_3" xlink:title="label: CurrentPortionOfLongTermBorrowingsGross to label_CurrentPortionOfLongTermBorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_CurrentPortionOfLongTermBorrowingsGross_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentPortionOfLongTermBorrowingsGross" xml:lang="en-US" id="label_CurrentPortionOfLongTermBorrowingsGross_4">Loan Balance - Current portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPortionOfLongTermBorrowingsGross" xlink:to="label_CurrentPortionOfLongTermBorrowingsGross_4" xlink:title="label: CurrentPortionOfLongTermBorrowingsGross to label_CurrentPortionOfLongTermBorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_CurrentPortionOfLongTermBorrowingsGross" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CurrentPortionOfLongTermBorrowingsGross" xml:lang="en-US" id="label_CurrentPortionOfLongTermBorrowingsGross">Loan Balance - Current portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPortionOfLongTermBorrowingsGross" xlink:to="label_CurrentPortionOfLongTermBorrowingsGross" xlink:title="label: CurrentPortionOfLongTermBorrowingsGross to label_CurrentPortionOfLongTermBorrowingsGross"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CyberonicaSAMember" xlink:label="CyberonicaSAMember" xlink:title="CyberonicaSAMember"/>
    <label xlink:type="resource" xlink:label="label_CyberonicaSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CyberonicaSAMember" xml:lang="en-US" id="label_CyberonicaSAMember">Cyberonica S.A. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CyberonicaSAMember" xlink:to="label_CyberonicaSAMember" xlink:title="label: CyberonicaSAMember to label_CyberonicaSAMember"/>
    <label xlink:type="resource" xlink:label="label_CyberonicaSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CyberonicaSAMember" xml:lang="en-US" id="label_CyberonicaSAMember_2">Cyberonica S.A.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CyberonicaSAMember" xlink:to="label_CyberonicaSAMember_2" xlink:title="label: CyberonicaSAMember to label_CyberonicaSAMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DailyConsultingFeeIncome" xlink:label="DailyConsultingFeeIncome" xlink:title="DailyConsultingFeeIncome"/>
    <label xlink:type="resource" xlink:label="label_DailyConsultingFeeIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DailyConsultingFeeIncome" xml:lang="en-US" id="label_DailyConsultingFeeIncome">Daily Consulting Fee Income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DailyConsultingFeeIncome" xlink:to="label_DailyConsultingFeeIncome" xlink:title="label: DailyConsultingFeeIncome to label_DailyConsultingFeeIncome"/>
    <label xlink:type="resource" xlink:label="label_DailyConsultingFeeIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DailyConsultingFeeIncome" xml:lang="en-US" id="label_DailyConsultingFeeIncome_2">Daily consulting fee income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DailyConsultingFeeIncome" xlink:to="label_DailyConsultingFeeIncome_2" xlink:title="label: DailyConsultingFeeIncome to label_DailyConsultingFeeIncome"/>
    <label xlink:type="resource" xlink:label="label_DailyConsultingFeeIncome_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DailyConsultingFeeIncome" xml:lang="en-US" id="label_DailyConsultingFeeIncome_3">The amount of daily income relating to consulting fee income.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DailyConsultingFeeIncome" xlink:to="label_DailyConsultingFeeIncome_3" xlink:title="label: DailyConsultingFeeIncome to label_DailyConsultingFeeIncome"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentPaymentPeriodAxis" xlink:label="DebtInstrumentPaymentPeriodAxis" xlink:title="DebtInstrumentPaymentPeriodAxis"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentPaymentPeriodAxis" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodAxis">Information about timing of debt payments features under terms of the debt agreement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodAxis" xlink:to="label_DebtInstrumentPaymentPeriodAxis" xlink:title="label: DebtInstrumentPaymentPeriodAxis to label_DebtInstrumentPaymentPeriodAxis"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPaymentPeriodAxis" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodAxis_2">Debt Instrument Payment Period [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodAxis" xlink:to="label_DebtInstrumentPaymentPeriodAxis_2" xlink:title="label: DebtInstrumentPaymentPeriodAxis to label_DebtInstrumentPaymentPeriodAxis"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentPaymentPeriodMember" xlink:label="DebtInstrumentPaymentPeriodMember" xlink:title="DebtInstrumentPaymentPeriodMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentPaymentPeriodMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodMember">Period as defined under terms of the debt agreement for debt payment features.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodMember" xlink:to="label_DebtInstrumentPaymentPeriodMember" xlink:title="label: DebtInstrumentPaymentPeriodMember to label_DebtInstrumentPaymentPeriodMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPaymentPeriodMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodMember_2">Debt Instrument Payment Period [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodMember" xlink:to="label_DebtInstrumentPaymentPeriodMember_2" xlink:title="label: DebtInstrumentPaymentPeriodMember to label_DebtInstrumentPaymentPeriodMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentPaymentPeriodOneMember" xlink:label="DebtInstrumentPaymentPeriodOneMember" xlink:title="DebtInstrumentPaymentPeriodOneMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentPaymentPeriodOneMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodOneMember">Period one representing not later than one year period of debt payment under terms of the debt agreement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodOneMember" xlink:to="label_DebtInstrumentPaymentPeriodOneMember" xlink:title="label: DebtInstrumentPaymentPeriodOneMember to label_DebtInstrumentPaymentPeriodOneMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodOneMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPaymentPeriodOneMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodOneMember_2">Debt Instrument Payment Period One [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodOneMember" xlink:to="label_DebtInstrumentPaymentPeriodOneMember_2" xlink:title="label: DebtInstrumentPaymentPeriodOneMember to label_DebtInstrumentPaymentPeriodOneMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodOneMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPaymentPeriodOneMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodOneMember_3">Not later than one year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodOneMember" xlink:to="label_DebtInstrumentPaymentPeriodOneMember_3" xlink:title="label: DebtInstrumentPaymentPeriodOneMember to label_DebtInstrumentPaymentPeriodOneMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentPaymentPeriodThreeMember" xlink:label="DebtInstrumentPaymentPeriodThreeMember" xlink:title="DebtInstrumentPaymentPeriodThreeMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPaymentPeriodThreeMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodThreeMember_2">Debt Instrument Payment Period Three [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodThreeMember" xlink:to="label_DebtInstrumentPaymentPeriodThreeMember_2" xlink:title="label: DebtInstrumentPaymentPeriodThreeMember to label_DebtInstrumentPaymentPeriodThreeMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodThreeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPaymentPeriodThreeMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodThreeMember">Later than two years and not later than three years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodThreeMember" xlink:to="label_DebtInstrumentPaymentPeriodThreeMember" xlink:title="label: DebtInstrumentPaymentPeriodThreeMember to label_DebtInstrumentPaymentPeriodThreeMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentPaymentPeriodTwoMember" xlink:label="DebtInstrumentPaymentPeriodTwoMember" xlink:title="DebtInstrumentPaymentPeriodTwoMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPaymentPeriodTwoMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodTwoMember">Debt Instrument Payment Period Two [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodTwoMember" xlink:to="label_DebtInstrumentPaymentPeriodTwoMember" xlink:title="label: DebtInstrumentPaymentPeriodTwoMember to label_DebtInstrumentPaymentPeriodTwoMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPaymentPeriodTwoMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodTwoMember_2">Later than one year and not later than two years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodTwoMember" xlink:to="label_DebtInstrumentPaymentPeriodTwoMember_2" xlink:title="label: DebtInstrumentPaymentPeriodTwoMember to label_DebtInstrumentPaymentPeriodTwoMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentUnamortisedDiscount" xlink:label="DebtInstrumentUnamortisedDiscount" xlink:title="DebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentUnamortisedDiscount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_DebtInstrumentUnamortisedDiscount">Amount, after accumulated amortization, of debt discount.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortisedDiscount" xlink:to="label_DebtInstrumentUnamortisedDiscount" xlink:title="label: DebtInstrumentUnamortisedDiscount to label_DebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentUnamortisedDiscount_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_DebtInstrumentUnamortisedDiscount_2">Debt Instrument Unamortised Discount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortisedDiscount" xlink:to="label_DebtInstrumentUnamortisedDiscount_2" xlink:title="label: DebtInstrumentUnamortisedDiscount to label_DebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentUnamortisedDiscount_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_DebtInstrumentUnamortisedDiscount_3">Unamortized Debt Discount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortisedDiscount" xlink:to="label_DebtInstrumentUnamortisedDiscount_3" xlink:title="label: DebtInstrumentUnamortisedDiscount to label_DebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentUnamortisedDiscount_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_DebtInstrumentUnamortisedDiscount_4">Add: Unamortized debt discount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortisedDiscount" xlink:to="label_DebtInstrumentUnamortisedDiscount_4" xlink:title="label: DebtInstrumentUnamortisedDiscount to label_DebtInstrumentUnamortisedDiscount"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DepreciationOfDryDockingCosts" xlink:label="DepreciationOfDryDockingCosts" xlink:title="DepreciationOfDryDockingCosts"/>
    <label xlink:type="resource" xlink:label="label_DepreciationOfDryDockingCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DepreciationOfDryDockingCosts" xml:lang="en-US" id="label_DepreciationOfDryDockingCosts">The amount of depreciation of dry-docking costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOfDryDockingCosts" xlink:to="label_DepreciationOfDryDockingCosts" xlink:title="label: DepreciationOfDryDockingCosts to label_DepreciationOfDryDockingCosts"/>
    <label xlink:type="resource" xlink:label="label_DepreciationOfDryDockingCosts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationOfDryDockingCosts" xml:lang="en-US" id="label_DepreciationOfDryDockingCosts_2">Depreciation Of Dry Docking Costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOfDryDockingCosts" xlink:to="label_DepreciationOfDryDockingCosts_2" xlink:title="label: DepreciationOfDryDockingCosts to label_DepreciationOfDryDockingCosts"/>
    <label xlink:type="resource" xlink:label="label_DepreciationOfDryDockingCosts_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DepreciationOfDryDockingCosts" xml:lang="en-US" id="label_DepreciationOfDryDockingCosts_3">Depreciation of dry docking costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOfDryDockingCosts" xlink:to="label_DepreciationOfDryDockingCosts_3" xlink:title="label: DepreciationOfDryDockingCosts to label_DepreciationOfDryDockingCosts"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DepreciationOfficeFurnitureAndEquipment" xlink:label="DepreciationOfficeFurnitureAndEquipment" xlink:title="DepreciationOfficeFurnitureAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_DepreciationOfficeFurnitureAndEquipment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DepreciationOfficeFurnitureAndEquipment" xml:lang="en-US" id="label_DepreciationOfficeFurnitureAndEquipment">The amount of depreciation of office furniture and equipment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOfficeFurnitureAndEquipment" xlink:to="label_DepreciationOfficeFurnitureAndEquipment" xlink:title="label: DepreciationOfficeFurnitureAndEquipment to label_DepreciationOfficeFurnitureAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_DepreciationOfficeFurnitureAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationOfficeFurnitureAndEquipment" xml:lang="en-US" id="label_DepreciationOfficeFurnitureAndEquipment_2">Depreciation Office Furniture And Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOfficeFurnitureAndEquipment" xlink:to="label_DepreciationOfficeFurnitureAndEquipment_2" xlink:title="label: DepreciationOfficeFurnitureAndEquipment to label_DepreciationOfficeFurnitureAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_DepreciationOfficeFurnitureAndEquipment_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepreciationOfficeFurnitureAndEquipment" xml:lang="en-US" id="label_DepreciationOfficeFurnitureAndEquipment_3">Depreciation on office furniture and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOfficeFurnitureAndEquipment" xlink:to="label_DepreciationOfficeFurnitureAndEquipment_3" xlink:title="label: DepreciationOfficeFurnitureAndEquipment to label_DepreciationOfficeFurnitureAndEquipment"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember" xlink:label="DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember" xlink:title="DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember"/>
    <label xlink:type="resource" xlink:label="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember" xml:lang="en-US" id="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember">Devocean Maritime Ltd Domina Maritime Ltd Dulac Maritime SA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember" xlink:to="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember" xlink:title="label: DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember to label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember"/>
    <label xlink:type="resource" xlink:label="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember" xml:lang="en-US" id="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember_2">Devocean Maritime LTD., Domina Maritime LTD. &amp; Dulac Maritime S.A.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember" xlink:to="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember_2" xlink:title="label: DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember to label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DevoceanMaritimeLtdMember" xlink:label="DevoceanMaritimeLtdMember" xlink:title="DevoceanMaritimeLtdMember"/>
    <label xlink:type="resource" xlink:label="label_DevoceanMaritimeLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DevoceanMaritimeLtdMember" xml:lang="en-US" id="label_DevoceanMaritimeLtdMember">Devocean Maritime Ltd [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DevoceanMaritimeLtdMember" xlink:to="label_DevoceanMaritimeLtdMember" xlink:title="label: DevoceanMaritimeLtdMember to label_DevoceanMaritimeLtdMember"/>
    <label xlink:type="resource" xlink:label="label_DevoceanMaritimeLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DevoceanMaritimeLtdMember" xml:lang="en-US" id="label_DevoceanMaritimeLtdMember_2">Devocean Maritime Ltd.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DevoceanMaritimeLtdMember" xlink:to="label_DevoceanMaritimeLtdMember_2" xlink:title="label: DevoceanMaritimeLtdMember to label_DevoceanMaritimeLtdMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DocumentEntityInformationAbstract" xlink:label="DocumentEntityInformationAbstract" xlink:title="DocumentEntityInformationAbstract"/>
    <label xlink:type="resource" xlink:label="label_DocumentEntityInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentEntityInformationAbstract" xml:lang="en-US" id="label_DocumentEntityInformationAbstract">Document Entity Information [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentEntityInformationAbstract" xlink:to="label_DocumentEntityInformationAbstract" xlink:title="label: DocumentEntityInformationAbstract to label_DocumentEntityInformationAbstract"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DominaMaritimeLtdMember" xlink:label="DominaMaritimeLtdMember" xlink:title="DominaMaritimeLtdMember"/>
    <label xlink:type="resource" xlink:label="label_DominaMaritimeLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DominaMaritimeLtdMember" xml:lang="en-US" id="label_DominaMaritimeLtdMember">Domina Maritime Ltd [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DominaMaritimeLtdMember" xlink:to="label_DominaMaritimeLtdMember" xlink:title="label: DominaMaritimeLtdMember to label_DominaMaritimeLtdMember"/>
    <label xlink:type="resource" xlink:label="label_DominaMaritimeLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DominaMaritimeLtdMember" xml:lang="en-US" id="label_DominaMaritimeLtdMember_2">Domina Maritime Ltd.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DominaMaritimeLtdMember" xlink:to="label_DominaMaritimeLtdMember_2" xlink:title="label: DominaMaritimeLtdMember to label_DominaMaritimeLtdMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DryDockingMember" xlink:label="DryDockingMember" xlink:title="DryDockingMember"/>
    <label xlink:type="resource" xlink:label="label_DryDockingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DryDockingMember" xml:lang="en-US" id="label_DryDockingMember">Dry Docking [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DryDockingMember" xlink:to="label_DryDockingMember" xlink:title="label: DryDockingMember to label_DryDockingMember"/>
    <label xlink:type="resource" xlink:label="label_DryDockingMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DryDockingMember" xml:lang="en-US" id="label_DryDockingMember_2">Dry docking</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DryDockingMember" xlink:to="label_DryDockingMember_2" xlink:title="label: DryDockingMember to label_DryDockingMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DulacMaritimeSAMember" xlink:label="DulacMaritimeSAMember" xlink:title="DulacMaritimeSAMember"/>
    <label xlink:type="resource" xlink:label="label_DulacMaritimeSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DulacMaritimeSAMember" xml:lang="en-US" id="label_DulacMaritimeSAMember">Dulac Maritime SA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DulacMaritimeSAMember" xlink:to="label_DulacMaritimeSAMember" xlink:title="label: DulacMaritimeSAMember to label_DulacMaritimeSAMember"/>
    <label xlink:type="resource" xlink:label="label_DulacMaritimeSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DulacMaritimeSAMember" xml:lang="en-US" id="label_DulacMaritimeSAMember_2">Dulac Maritime S.A.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DulacMaritimeSAMember" xlink:to="label_DulacMaritimeSAMember_2" xlink:title="label: DulacMaritimeSAMember to label_DulacMaritimeSAMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ElysiumMaritimeLimitedMember" xlink:label="ElysiumMaritimeLimitedMember" xlink:title="ElysiumMaritimeLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_ElysiumMaritimeLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ElysiumMaritimeLimitedMember" xml:lang="en-US" id="label_ElysiumMaritimeLimitedMember">Elysium Maritime Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ElysiumMaritimeLimitedMember" xlink:to="label_ElysiumMaritimeLimitedMember" xlink:title="label: ElysiumMaritimeLimitedMember to label_ElysiumMaritimeLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_ElysiumMaritimeLimitedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ElysiumMaritimeLimitedMember" xml:lang="en-US" id="label_ElysiumMaritimeLimitedMember_2">Elysium Maritime Limited (The company was dissolved on August 24, 2016)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ElysiumMaritimeLimitedMember" xlink:to="label_ElysiumMaritimeLimitedMember_2" xlink:title="label: ElysiumMaritimeLimitedMember to label_ElysiumMaritimeLimitedMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_EnergyGlobeMember" xlink:label="EnergyGlobeMember" xlink:title="EnergyGlobeMember"/>
    <label xlink:type="resource" xlink:label="label_EnergyGlobeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EnergyGlobeMember" xml:lang="en-US" id="label_EnergyGlobeMember">Energy Globe [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergyGlobeMember" xlink:to="label_EnergyGlobeMember" xlink:title="label: EnergyGlobeMember to label_EnergyGlobeMember"/>
    <label xlink:type="resource" xlink:label="label_EnergyGlobeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EnergyGlobeMember" xml:lang="en-US" id="label_EnergyGlobeMember_2">Energy Globe</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergyGlobeMember" xlink:to="label_EnergyGlobeMember_2" xlink:title="label: EnergyGlobeMember to label_EnergyGlobeMember"/>
    <label xlink:type="resource" xlink:label="label_EnergyGlobeMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EnergyGlobeMember" xml:lang="en-US" id="label_EnergyGlobeMember_3">m/v Energy Globe</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergyGlobeMember" xlink:to="label_EnergyGlobeMember_3" xlink:title="label: EnergyGlobeMember to label_EnergyGlobeMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_EolosShipmanagementSAMember" xlink:label="EolosShipmanagementSAMember" xlink:title="EolosShipmanagementSAMember"/>
    <label xlink:type="resource" xlink:label="label_EolosShipmanagementSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EolosShipmanagementSAMember" xml:lang="en-US" id="label_EolosShipmanagementSAMember">Eolos Shipmanagement SA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EolosShipmanagementSAMember" xlink:to="label_EolosShipmanagementSAMember" xlink:title="label: EolosShipmanagementSAMember to label_EolosShipmanagementSAMember"/>
    <label xlink:type="resource" xlink:label="label_EolosShipmanagementSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EolosShipmanagementSAMember" xml:lang="en-US" id="label_EolosShipmanagementSAMember_2">Eolos Shipmanagement S.A.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EolosShipmanagementSAMember" xlink:to="label_EolosShipmanagementSAMember_2" xlink:title="label: EolosShipmanagementSAMember to label_EolosShipmanagementSAMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ExecutiveDirectorsMember" xlink:label="ExecutiveDirectorsMember" xlink:title="ExecutiveDirectorsMember"/>
    <label xlink:type="resource" xlink:label="label_ExecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExecutiveDirectorsMember" xml:lang="en-US" id="label_ExecutiveDirectorsMember">Executive Directors [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExecutiveDirectorsMember" xlink:to="label_ExecutiveDirectorsMember" xlink:title="label: ExecutiveDirectorsMember to label_ExecutiveDirectorsMember"/>
    <label xlink:type="resource" xlink:label="label_ExecutiveDirectorsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExecutiveDirectorsMember" xml:lang="en-US" id="label_ExecutiveDirectorsMember_2">Executive Director</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExecutiveDirectorsMember" xlink:to="label_ExecutiveDirectorsMember_2" xlink:title="label: ExecutiveDirectorsMember to label_ExecutiveDirectorsMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ExercisePriceOfOutstandingWarrants" xlink:label="ExercisePriceOfOutstandingWarrants" xlink:title="ExercisePriceOfOutstandingWarrants"/>
    <label xlink:type="resource" xlink:label="label_ExercisePriceOfOutstandingWarrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExercisePriceOfOutstandingWarrants" xml:lang="en-US" id="label_ExercisePriceOfOutstandingWarrants_3">The exercise price of outstanding warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExercisePriceOfOutstandingWarrants" xlink:to="label_ExercisePriceOfOutstandingWarrants" xlink:title="label: ExercisePriceOfOutstandingWarrants to label_ExercisePriceOfOutstandingWarrants"/>
    <label xlink:type="resource" xlink:label="label_ExercisePriceOfOutstandingWarrants_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExercisePriceOfOutstandingWarrants" xml:lang="en-US" id="label_ExercisePriceOfOutstandingWarrants">Exercise Price Of Outstanding Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExercisePriceOfOutstandingWarrants" xlink:to="label_ExercisePriceOfOutstandingWarrants_2" xlink:title="label: ExercisePriceOfOutstandingWarrants to label_ExercisePriceOfOutstandingWarrants"/>
    <label xlink:type="resource" xlink:label="label_ExercisePriceOfOutstandingWarrants_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExercisePriceOfOutstandingWarrants" xml:lang="en-US" id="label_ExercisePriceOfOutstandingWarrants_2">Warrants exercise price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExercisePriceOfOutstandingWarrants" xlink:to="label_ExercisePriceOfOutstandingWarrants_3" xlink:title="label: ExercisePriceOfOutstandingWarrants to label_ExercisePriceOfOutstandingWarrants"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ExtraDepreciationPropertyPlantAndEquipment" xlink:label="ExtraDepreciationPropertyPlantAndEquipment" xlink:title="ExtraDepreciationPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_ExtraDepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExtraDepreciationPropertyPlantAndEquipment" xml:lang="en-US" id="label_ExtraDepreciationPropertyPlantAndEquipment">The extra depreciation expense recognised during the period, due to changes in scrap rates.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraDepreciationPropertyPlantAndEquipment" xlink:to="label_ExtraDepreciationPropertyPlantAndEquipment" xlink:title="label: ExtraDepreciationPropertyPlantAndEquipment to label_ExtraDepreciationPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_ExtraDepreciationPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtraDepreciationPropertyPlantAndEquipment" xml:lang="en-US" id="label_ExtraDepreciationPropertyPlantAndEquipment_2">Extra Depreciation Property Plant And Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraDepreciationPropertyPlantAndEquipment" xlink:to="label_ExtraDepreciationPropertyPlantAndEquipment_2" xlink:title="label: ExtraDepreciationPropertyPlantAndEquipment to label_ExtraDepreciationPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_ExtraDepreciationPropertyPlantAndEquipment_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExtraDepreciationPropertyPlantAndEquipment" xml:lang="en-US" id="label_ExtraDepreciationPropertyPlantAndEquipment_3">Increase / (decrease) in depreciation expense due to changes in scrap rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraDepreciationPropertyPlantAndEquipment" xlink:to="label_ExtraDepreciationPropertyPlantAndEquipment_3" xlink:title="label: ExtraDepreciationPropertyPlantAndEquipment to label_ExtraDepreciationPropertyPlantAndEquipment"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_FairValueOfTimeCharterAttachedMember" xlink:label="FairValueOfTimeCharterAttachedMember" xlink:title="FairValueOfTimeCharterAttachedMember"/>
    <label xlink:type="resource" xlink:label="label_FairValueOfTimeCharterAttachedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueOfTimeCharterAttachedMember" xml:lang="en-US" id="label_FairValueOfTimeCharterAttachedMember">Fair Value Of Time Charter Attached [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfTimeCharterAttachedMember" xlink:to="label_FairValueOfTimeCharterAttachedMember" xlink:title="label: FairValueOfTimeCharterAttachedMember to label_FairValueOfTimeCharterAttachedMember"/>
    <label xlink:type="resource" xlink:label="label_FairValueOfTimeCharterAttachedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueOfTimeCharterAttachedMember" xml:lang="en-US" id="label_FairValueOfTimeCharterAttachedMember_2">Fair value of time charter attached</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfTimeCharterAttachedMember" xlink:to="label_FairValueOfTimeCharterAttachedMember_2" xlink:title="label: FairValueOfTimeCharterAttachedMember to label_FairValueOfTimeCharterAttachedMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_FirmentTradingLimitedMember" xlink:label="FirmentTradingLimitedMember" xlink:title="FirmentTradingLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentTradingLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirmentTradingLimitedMember" xml:lang="en-US" id="label_FirmentTradingLimitedMember">Firment Trading Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentTradingLimitedMember" xlink:to="label_FirmentTradingLimitedMember" xlink:title="label: FirmentTradingLimitedMember to label_FirmentTradingLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentTradingLimitedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirmentTradingLimitedMember" xml:lang="en-US" id="label_FirmentTradingLimitedMember_2">Firment Trading Limited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentTradingLimitedMember" xlink:to="label_FirmentTradingLimitedMember_2" xlink:title="label: FirmentTradingLimitedMember to label_FirmentTradingLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentTradingLimitedMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FirmentTradingLimitedMember" xml:lang="en-US" id="label_FirmentTradingLimitedMember_3">Globus Maritime Limited-Firment Trading Limited (note 4)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentTradingLimitedMember" xlink:to="label_FirmentTradingLimitedMember_3" xlink:title="label: FirmentTradingLimitedMember to label_FirmentTradingLimitedMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_GasCylindersInventoryCurrent" xlink:label="GasCylindersInventoryCurrent" xlink:title="GasCylindersInventoryCurrent"/>
    <label xlink:type="resource" xlink:label="label_GasCylindersInventoryCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GasCylindersInventoryCurrent" xml:lang="en-US" id="label_GasCylindersInventoryCurrent">Carrying amount as of the balance sheet date of gas cylinder's inventory.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GasCylindersInventoryCurrent" xlink:to="label_GasCylindersInventoryCurrent" xlink:title="label: GasCylindersInventoryCurrent to label_GasCylindersInventoryCurrent"/>
    <label xlink:type="resource" xlink:label="label_GasCylindersInventoryCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GasCylindersInventoryCurrent" xml:lang="en-US" id="label_GasCylindersInventoryCurrent_2">Gas Cylinders Inventory Current</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GasCylindersInventoryCurrent" xlink:to="label_GasCylindersInventoryCurrent_2" xlink:title="label: GasCylindersInventoryCurrent to label_GasCylindersInventoryCurrent"/>
    <label xlink:type="resource" xlink:label="label_GasCylindersInventoryCurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GasCylindersInventoryCurrent" xml:lang="en-US" id="label_GasCylindersInventoryCurrent_3">Gas cylinders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GasCylindersInventoryCurrent" xlink:to="label_GasCylindersInventoryCurrent_3" xlink:title="label: GasCylindersInventoryCurrent to label_GasCylindersInventoryCurrent"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_GlobusShipmanagementCorpMember" xlink:label="GlobusShipmanagementCorpMember" xlink:title="GlobusShipmanagementCorpMember"/>
    <label xlink:type="resource" xlink:label="label_GlobusShipmanagementCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GlobusShipmanagementCorpMember" xml:lang="en-US" id="label_GlobusShipmanagementCorpMember">Globus Shipmanagement Corp [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GlobusShipmanagementCorpMember" xlink:to="label_GlobusShipmanagementCorpMember" xlink:title="label: GlobusShipmanagementCorpMember to label_GlobusShipmanagementCorpMember"/>
    <label xlink:type="resource" xlink:label="label_GlobusShipmanagementCorpMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GlobusShipmanagementCorpMember" xml:lang="en-US" id="label_GlobusShipmanagementCorpMember_2">Globus Shipmanagement Corp.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GlobusShipmanagementCorpMember" xlink:to="label_GlobusShipmanagementCorpMember_2" xlink:title="label: GlobusShipmanagementCorpMember to label_GlobusShipmanagementCorpMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_IncreaseDecreaseInNumberOfPreferredSharesIssued" xlink:label="IncreaseDecreaseInNumberOfPreferredSharesIssued" xlink:title="IncreaseDecreaseInNumberOfPreferredSharesIssued"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfPreferredSharesIssued" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseInNumberOfPreferredSharesIssued" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfPreferredSharesIssued">The increase (decrease) in the number of preferred shares issued.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfPreferredSharesIssued" xlink:to="label_IncreaseDecreaseInNumberOfPreferredSharesIssued" xlink:title="label: IncreaseDecreaseInNumberOfPreferredSharesIssued to label_IncreaseDecreaseInNumberOfPreferredSharesIssued"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfPreferredSharesIssued_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInNumberOfPreferredSharesIssued" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfPreferredSharesIssued_2">Increase Decrease In Number Of Preferred Shares Issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfPreferredSharesIssued" xlink:to="label_IncreaseDecreaseInNumberOfPreferredSharesIssued_2" xlink:title="label: IncreaseDecreaseInNumberOfPreferredSharesIssued to label_IncreaseDecreaseInNumberOfPreferredSharesIssued"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfPreferredSharesIssued_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInNumberOfPreferredSharesIssued" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfPreferredSharesIssued_3">Issued during the year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfPreferredSharesIssued" xlink:to="label_IncreaseDecreaseInNumberOfPreferredSharesIssued_3" xlink:title="label: IncreaseDecreaseInNumberOfPreferredSharesIssued to label_IncreaseDecreaseInNumberOfPreferredSharesIssued"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LineOfCreditFacilityDecreaseForgiveness" xlink:label="LineOfCreditFacilityDecreaseForgiveness" xlink:title="LineOfCreditFacilityDecreaseForgiveness"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityDecreaseForgiveness" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LineOfCreditFacilityDecreaseForgiveness" xml:lang="en-US" id="label_LineOfCreditFacilityDecreaseForgiveness_3">Amount of decrease in line of credit facility from forgiveness by the holder of the line of credit.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityDecreaseForgiveness" xlink:to="label_LineOfCreditFacilityDecreaseForgiveness" xlink:title="label: LineOfCreditFacilityDecreaseForgiveness to label_LineOfCreditFacilityDecreaseForgiveness"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityDecreaseForgiveness_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityDecreaseForgiveness" xml:lang="en-US" id="label_LineOfCreditFacilityDecreaseForgiveness">Line Of Credit Facility Decrease Forgiveness</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityDecreaseForgiveness" xlink:to="label_LineOfCreditFacilityDecreaseForgiveness_2" xlink:title="label: LineOfCreditFacilityDecreaseForgiveness to label_LineOfCreditFacilityDecreaseForgiveness"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityDecreaseForgiveness_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityDecreaseForgiveness" xml:lang="en-US" id="label_LineOfCreditFacilityDecreaseForgiveness_2">Credit Facility, Decrease, Forgiveness</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityDecreaseForgiveness" xlink:to="label_LineOfCreditFacilityDecreaseForgiveness_3" xlink:title="label: LineOfCreditFacilityDecreaseForgiveness to label_LineOfCreditFacilityDecreaseForgiveness"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LineOfCreditFacilityDrawndownAmountsMultiples" xlink:label="LineOfCreditFacilityDrawndownAmountsMultiples" xlink:title="LineOfCreditFacilityDrawndownAmountsMultiples"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityDrawndownAmountsMultiples" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LineOfCreditFacilityDrawndownAmountsMultiples" xml:lang="en-US" id="label_LineOfCreditFacilityDrawndownAmountsMultiples_3">The multiples of amounts that the company has the right to drawdown under the relevant credit facility.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityDrawndownAmountsMultiples" xlink:to="label_LineOfCreditFacilityDrawndownAmountsMultiples" xlink:title="label: LineOfCreditFacilityDrawndownAmountsMultiples to label_LineOfCreditFacilityDrawndownAmountsMultiples"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityDrawndownAmountsMultiples_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityDrawndownAmountsMultiples" xml:lang="en-US" id="label_LineOfCreditFacilityDrawndownAmountsMultiples">Line Of Credit Facility Drawndown Amounts Multiples</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityDrawndownAmountsMultiples" xlink:to="label_LineOfCreditFacilityDrawndownAmountsMultiples_2" xlink:title="label: LineOfCreditFacilityDrawndownAmountsMultiples to label_LineOfCreditFacilityDrawndownAmountsMultiples"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityDrawndownAmountsMultiples_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityDrawndownAmountsMultiples" xml:lang="en-US" id="label_LineOfCreditFacilityDrawndownAmountsMultiples_2">Credit Facility, Drawn down amounts multiples</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityDrawndownAmountsMultiples" xlink:to="label_LineOfCreditFacilityDrawndownAmountsMultiples_3" xlink:title="label: LineOfCreditFacilityDrawndownAmountsMultiples to label_LineOfCreditFacilityDrawndownAmountsMultiples"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="LineOfCreditFacilityMaximumBorrowingCapacity" xlink:title="LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityMaximumBorrowingCapacity_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LineOfCreditFacilityMaximumBorrowingCapacity" xml:lang="en-US" id="label_LineOfCreditFacilityMaximumBorrowingCapacity_3">Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="label_LineOfCreditFacilityMaximumBorrowingCapacity_2" xlink:title="label: LineOfCreditFacilityMaximumBorrowingCapacity to label_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityMaximumBorrowingCapacity_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityMaximumBorrowingCapacity" xml:lang="en-US" id="label_LineOfCreditFacilityMaximumBorrowingCapacity">Line Of Credit Facility Maximum Borrowing Capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="label_LineOfCreditFacilityMaximumBorrowingCapacity_3" xlink:title="label: LineOfCreditFacilityMaximumBorrowingCapacity to label_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityMaximumBorrowingCapacity_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityMaximumBorrowingCapacity" xml:lang="en-US" id="label_LineOfCreditFacilityMaximumBorrowingCapacity_2">Credit Facility, Maximum borrowing capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="label_LineOfCreditFacilityMaximumBorrowingCapacity_4" xlink:title="label: LineOfCreditFacilityMaximumBorrowingCapacity to label_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LineOfCreditFacilityMaximumBorrowingCapacity" xml:lang="en-US" id="label_LineOfCreditFacilityMaximumBorrowingCapacity_4">Loan Facility, Maximum borrowing capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:title="label: LineOfCreditFacilityMaximumBorrowingCapacity to label_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LongTermBorrowingsGross" xlink:label="LongTermBorrowingsGross" xlink:title="LongTermBorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_LongTermBorrowingsGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LongTermBorrowingsGross" xml:lang="en-US" id="label_LongTermBorrowingsGross">The non-current portion of long-term debt, before deduction of unamortized (discount) premium and debt issuance costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermBorrowingsGross" xlink:to="label_LongTermBorrowingsGross" xlink:title="label: LongTermBorrowingsGross to label_LongTermBorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_LongTermBorrowingsGross_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermBorrowingsGross" xml:lang="en-US" id="label_LongTermBorrowingsGross_2">Long term Borrowings Gross</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermBorrowingsGross" xlink:to="label_LongTermBorrowingsGross_2" xlink:title="label: LongTermBorrowingsGross to label_LongTermBorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_LongTermBorrowingsGross_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermBorrowingsGross" xml:lang="en-US" id="label_LongTermBorrowingsGross_3">Loan Balance - Long-Term portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermBorrowingsGross" xlink:to="label_LongTermBorrowingsGross_3" xlink:title="label: LongTermBorrowingsGross to label_LongTermBorrowingsGross"/>
    <label xlink:type="resource" xlink:label="label_LongTermBorrowingsGross_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_LongTermBorrowingsGross" xml:lang="en-US" id="label_LongTermBorrowingsGross_4">Loan Balance - Long-Term portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermBorrowingsGross" xlink:to="label_LongTermBorrowingsGross_4" xlink:title="label: LongTermBorrowingsGross to label_LongTermBorrowingsGross"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LongTermDebtInstrumentUnamortisedDiscount" xlink:label="LongTermDebtInstrumentUnamortisedDiscount" xlink:title="LongTermDebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_LongTermDebtInstrumentUnamortisedDiscount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LongTermDebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_LongTermDebtInstrumentUnamortisedDiscount">The non-current portion of debt discount, after accumulated amortization.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtInstrumentUnamortisedDiscount" xlink:to="label_LongTermDebtInstrumentUnamortisedDiscount" xlink:title="label: LongTermDebtInstrumentUnamortisedDiscount to label_LongTermDebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_LongTermDebtInstrumentUnamortisedDiscount_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_LongTermDebtInstrumentUnamortisedDiscount_2">Long Term Debt Instrument Unamortised Discount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtInstrumentUnamortisedDiscount" xlink:to="label_LongTermDebtInstrumentUnamortisedDiscount_2" xlink:title="label: LongTermDebtInstrumentUnamortisedDiscount to label_LongTermDebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_LongTermDebtInstrumentUnamortisedDiscount_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_LongTermDebtInstrumentUnamortisedDiscount_3">Unamortized Debt Discount - Long-Term portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtInstrumentUnamortisedDiscount" xlink:to="label_LongTermDebtInstrumentUnamortisedDiscount_3" xlink:title="label: LongTermDebtInstrumentUnamortisedDiscount to label_LongTermDebtInstrumentUnamortisedDiscount"/>
    <label xlink:type="resource" xlink:label="label_LongTermDebtInstrumentUnamortisedDiscount_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_LongTermDebtInstrumentUnamortisedDiscount" xml:lang="en-US" id="label_LongTermDebtInstrumentUnamortisedDiscount_4">Unamortized debt discount - Long-Term portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtInstrumentUnamortisedDiscount" xlink:to="label_LongTermDebtInstrumentUnamortisedDiscount_4" xlink:title="label: LongTermDebtInstrumentUnamortisedDiscount to label_LongTermDebtInstrumentUnamortisedDiscount"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LongevityMaritimeLimitedMember" xlink:label="LongevityMaritimeLimitedMember" xlink:title="LongevityMaritimeLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_LongevityMaritimeLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongevityMaritimeLimitedMember" xml:lang="en-US" id="label_LongevityMaritimeLimitedMember">Longevity Maritime Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongevityMaritimeLimitedMember" xlink:to="label_LongevityMaritimeLimitedMember" xlink:title="label: LongevityMaritimeLimitedMember to label_LongevityMaritimeLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_LongevityMaritimeLimitedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongevityMaritimeLimitedMember" xml:lang="en-US" id="label_LongevityMaritimeLimitedMember_2">Longevity Maritime Limited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongevityMaritimeLimitedMember" xlink:to="label_LongevityMaritimeLimitedMember_2" xlink:title="label: LongevityMaritimeLimitedMember to label_LongevityMaritimeLimitedMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LubricantsInventoryCurrent" xlink:label="LubricantsInventoryCurrent" xlink:title="LubricantsInventoryCurrent"/>
    <label xlink:type="resource" xlink:label="label_LubricantsInventoryCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LubricantsInventoryCurrent" xml:lang="en-US" id="label_LubricantsInventoryCurrent">Carrying amount as of the balance sheet date of lubricants' inventory.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LubricantsInventoryCurrent" xlink:to="label_LubricantsInventoryCurrent" xlink:title="label: LubricantsInventoryCurrent to label_LubricantsInventoryCurrent"/>
    <label xlink:type="resource" xlink:label="label_LubricantsInventoryCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LubricantsInventoryCurrent" xml:lang="en-US" id="label_LubricantsInventoryCurrent_2">Lubricants Inventory Current</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LubricantsInventoryCurrent" xlink:to="label_LubricantsInventoryCurrent_2" xlink:title="label: LubricantsInventoryCurrent to label_LubricantsInventoryCurrent"/>
    <label xlink:type="resource" xlink:label="label_LubricantsInventoryCurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LubricantsInventoryCurrent" xml:lang="en-US" id="label_LubricantsInventoryCurrent_3">Lubricants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LubricantsInventoryCurrent" xlink:to="label_LubricantsInventoryCurrent_3" xlink:title="label: LubricantsInventoryCurrent to label_LubricantsInventoryCurrent"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MonthlyRentalExpense" xlink:label="MonthlyRentalExpense" xlink:title="MonthlyRentalExpense"/>
    <label xlink:type="resource" xlink:label="label_MonthlyRentalExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MonthlyRentalExpense" xml:lang="en-US" id="label_MonthlyRentalExpense_3">The amount of monthly expense recognised on rental activities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MonthlyRentalExpense" xlink:to="label_MonthlyRentalExpense" xlink:title="label: MonthlyRentalExpense to label_MonthlyRentalExpense"/>
    <label xlink:type="resource" xlink:label="label_MonthlyRentalExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MonthlyRentalExpense" xml:lang="en-US" id="label_MonthlyRentalExpense">Monthly Rental Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MonthlyRentalExpense" xlink:to="label_MonthlyRentalExpense_2" xlink:title="label: MonthlyRentalExpense to label_MonthlyRentalExpense"/>
    <label xlink:type="resource" xlink:label="label_MonthlyRentalExpense_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MonthlyRentalExpense" xml:lang="en-US" id="label_MonthlyRentalExpense_2">Monthly rental expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MonthlyRentalExpense" xlink:to="label_MonthlyRentalExpense_3" xlink:title="label: MonthlyRentalExpense to label_MonthlyRentalExpense"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_NonExecutiveDirectorsMember" xlink:label="NonExecutiveDirectorsMember" xlink:title="NonExecutiveDirectorsMember"/>
    <label xlink:type="resource" xlink:label="label_NonExecutiveDirectorsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonExecutiveDirectorsMember" xml:lang="en-US" id="label_NonExecutiveDirectorsMember_3">Non Executive Directors [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonExecutiveDirectorsMember" xlink:to="label_NonExecutiveDirectorsMember_2" xlink:title="label: NonExecutiveDirectorsMember to label_NonExecutiveDirectorsMember"/>
    <label xlink:type="resource" xlink:label="label_NonExecutiveDirectorsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonExecutiveDirectorsMember" xml:lang="en-US" id="label_NonExecutiveDirectorsMember">Non-executive directors</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonExecutiveDirectorsMember" xlink:to="label_NonExecutiveDirectorsMember_3" xlink:title="label: NonExecutiveDirectorsMember to label_NonExecutiveDirectorsMember"/>
    <label xlink:type="resource" xlink:label="label_NonExecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NonExecutiveDirectorsMember" xml:lang="en-US" id="label_NonExecutiveDirectorsMember_2">Non-executive directors payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonExecutiveDirectorsMember" xlink:to="label_NonExecutiveDirectorsMember" xlink:title="label: NonExecutiveDirectorsMember to label_NonExecutiveDirectorsMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_NumberOfOperatingSegments" xlink:label="NumberOfOperatingSegments" xlink:title="NumberOfOperatingSegments"/>
    <label xlink:type="resource" xlink:label="label_NumberOfOperatingSegments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfOperatingSegments" xml:lang="en-US" id="label_NumberOfOperatingSegments">Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfOperatingSegments" xlink:to="label_NumberOfOperatingSegments" xlink:title="label: NumberOfOperatingSegments to label_NumberOfOperatingSegments"/>
    <label xlink:type="resource" xlink:label="label_NumberOfOperatingSegments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfOperatingSegments" xml:lang="en-US" id="label_NumberOfOperatingSegments_2">Number Of Operating Segments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfOperatingSegments" xlink:to="label_NumberOfOperatingSegments_2" xlink:title="label: NumberOfOperatingSegments to label_NumberOfOperatingSegments"/>
    <label xlink:type="resource" xlink:label="label_NumberOfOperatingSegments_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfOperatingSegments" xml:lang="en-US" id="label_NumberOfOperatingSegments_3">Number of Operating Segments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfOperatingSegments" xlink:to="label_NumberOfOperatingSegments_3" xlink:title="label: NumberOfOperatingSegments to label_NumberOfOperatingSegments"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_NumberOfSharesCalledByWarrants" xlink:label="NumberOfSharesCalledByWarrants" xlink:title="NumberOfSharesCalledByWarrants"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesCalledByWarrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfSharesCalledByWarrants" xml:lang="en-US" id="label_NumberOfSharesCalledByWarrants_3">Number of shares into which the warrants may be converted.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesCalledByWarrants" xlink:to="label_NumberOfSharesCalledByWarrants" xlink:title="label: NumberOfSharesCalledByWarrants to label_NumberOfSharesCalledByWarrants"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesCalledByWarrants_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesCalledByWarrants" xml:lang="en-US" id="label_NumberOfSharesCalledByWarrants">Number Of Shares Called By Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesCalledByWarrants" xlink:to="label_NumberOfSharesCalledByWarrants_2" xlink:title="label: NumberOfSharesCalledByWarrants to label_NumberOfSharesCalledByWarrants"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesCalledByWarrants_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesCalledByWarrants" xml:lang="en-US" id="label_NumberOfSharesCalledByWarrants_2">Number of shares called by warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesCalledByWarrants" xlink:to="label_NumberOfSharesCalledByWarrants_3" xlink:title="label: NumberOfSharesCalledByWarrants to label_NumberOfSharesCalledByWarrants"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_NumberOfSharesHeldByControllingParty" xlink:label="NumberOfSharesHeldByControllingParty" xlink:title="NumberOfSharesHeldByControllingParty"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesHeldByControllingParty" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfSharesHeldByControllingParty" xml:lang="en-US" id="label_NumberOfSharesHeldByControllingParty_3">The number of common shares held by the controlling party.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesHeldByControllingParty" xlink:to="label_NumberOfSharesHeldByControllingParty" xlink:title="label: NumberOfSharesHeldByControllingParty to label_NumberOfSharesHeldByControllingParty"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesHeldByControllingParty_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesHeldByControllingParty" xml:lang="en-US" id="label_NumberOfSharesHeldByControllingParty">Number Of Shares Held By Controlling Party</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesHeldByControllingParty" xlink:to="label_NumberOfSharesHeldByControllingParty_2" xlink:title="label: NumberOfSharesHeldByControllingParty to label_NumberOfSharesHeldByControllingParty"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesHeldByControllingParty_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesHeldByControllingParty" xml:lang="en-US" id="label_NumberOfSharesHeldByControllingParty_2">Number of common shares held by the controlling party</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesHeldByControllingParty" xlink:to="label_NumberOfSharesHeldByControllingParty_3" xlink:title="label: NumberOfSharesHeldByControllingParty to label_NumberOfSharesHeldByControllingParty"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_OtherAccruals" xlink:label="OtherAccruals" xlink:title="OtherAccruals"/>
    <label xlink:type="resource" xlink:label="label_OtherAccruals" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherAccruals" xml:lang="en-US" id="label_OtherAccruals">The amount of accruals payable classified as other.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAccruals" xlink:to="label_OtherAccruals" xlink:title="label: OtherAccruals to label_OtherAccruals"/>
    <label xlink:type="resource" xlink:label="label_OtherAccruals_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAccruals" xml:lang="en-US" id="label_OtherAccruals_2">Other Accruals</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAccruals" xlink:to="label_OtherAccruals_2" xlink:title="label: OtherAccruals to label_OtherAccruals"/>
    <label xlink:type="resource" xlink:label="label_OtherAccruals_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherAccruals" xml:lang="en-US" id="label_OtherAccruals_3">Other accruals</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAccruals" xlink:to="label_OtherAccruals_3" xlink:title="label: OtherAccruals to label_OtherAccruals"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_PanamaxMember" xlink:label="PanamaxMember" xlink:title="PanamaxMember"/>
    <label xlink:type="resource" xlink:label="label_PanamaxMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PanamaxMember" xml:lang="en-US" id="label_PanamaxMember">Panamax [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PanamaxMember" xlink:to="label_PanamaxMember" xlink:title="label: PanamaxMember to label_PanamaxMember"/>
    <label xlink:type="resource" xlink:label="label_PanamaxMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PanamaxMember" xml:lang="en-US" id="label_PanamaxMember_2">Panamax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PanamaxMember" xlink:to="label_PanamaxMember_2" xlink:title="label: PanamaxMember to label_PanamaxMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_PaymentsOfDeferredDryDockingCosts" xlink:label="PaymentsOfDeferredDryDockingCosts" xlink:title="PaymentsOfDeferredDryDockingCosts"/>
    <label xlink:type="resource" xlink:label="label_PaymentsOfDeferredDryDockingCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaymentsOfDeferredDryDockingCosts" xml:lang="en-US" id="label_PaymentsOfDeferredDryDockingCosts">The cash outflow for deferred dry-docking costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDeferredDryDockingCosts" xlink:to="label_PaymentsOfDeferredDryDockingCosts" xlink:title="label: PaymentsOfDeferredDryDockingCosts to label_PaymentsOfDeferredDryDockingCosts"/>
    <label xlink:type="resource" xlink:label="label_PaymentsOfDeferredDryDockingCosts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDeferredDryDockingCosts" xml:lang="en-US" id="label_PaymentsOfDeferredDryDockingCosts_2">Payments Of Deferred Dry Docking Costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDeferredDryDockingCosts" xlink:to="label_PaymentsOfDeferredDryDockingCosts_2" xlink:title="label: PaymentsOfDeferredDryDockingCosts to label_PaymentsOfDeferredDryDockingCosts"/>
    <label xlink:type="resource" xlink:label="label_PaymentsOfDeferredDryDockingCosts_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsOfDeferredDryDockingCosts" xml:lang="en-US" id="label_PaymentsOfDeferredDryDockingCosts_3">Payment of deferred dry docking costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDeferredDryDockingCosts" xlink:to="label_PaymentsOfDeferredDryDockingCosts_3" xlink:title="label: PaymentsOfDeferredDryDockingCosts to label_PaymentsOfDeferredDryDockingCosts"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ProportionOfOwnershipInterestsHeldByControllingParty" xlink:label="ProportionOfOwnershipInterestsHeldByControllingParty" xlink:title="ProportionOfOwnershipInterestsHeldByControllingParty"/>
    <label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestsHeldByControllingParty" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProportionOfOwnershipInterestsHeldByControllingParty" xml:lang="en-US" id="label_ProportionOfOwnershipInterestsHeldByControllingParty_3">The proportion of ownership interests held by the controlling party.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestsHeldByControllingParty" xlink:to="label_ProportionOfOwnershipInterestsHeldByControllingParty" xlink:title="label: ProportionOfOwnershipInterestsHeldByControllingParty to label_ProportionOfOwnershipInterestsHeldByControllingParty"/>
    <label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestsHeldByControllingParty_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfOwnershipInterestsHeldByControllingParty" xml:lang="en-US" id="label_ProportionOfOwnershipInterestsHeldByControllingParty">Proportion Of Ownership Interests Held By Controlling Party</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestsHeldByControllingParty" xlink:to="label_ProportionOfOwnershipInterestsHeldByControllingParty_2" xlink:title="label: ProportionOfOwnershipInterestsHeldByControllingParty to label_ProportionOfOwnershipInterestsHeldByControllingParty"/>
    <label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestsHeldByControllingParty_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfOwnershipInterestsHeldByControllingParty" xml:lang="en-US" id="label_ProportionOfOwnershipInterestsHeldByControllingParty_2">Proportion of ownership interests held by the controlling party</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestsHeldByControllingParty" xlink:to="label_ProportionOfOwnershipInterestsHeldByControllingParty_3" xlink:title="label: ProportionOfOwnershipInterestsHeldByControllingParty to label_ProportionOfOwnershipInterestsHeldByControllingParty"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_RentalAnnualIncreaseRateAboveInflation" xlink:label="RentalAnnualIncreaseRateAboveInflation" xlink:title="RentalAnnualIncreaseRateAboveInflation"/>
    <label xlink:type="resource" xlink:label="label_RentalAnnualIncreaseRateAboveInflation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RentalAnnualIncreaseRateAboveInflation" xml:lang="en-US" id="label_RentalAnnualIncreaseRateAboveInflation_3">The annual increase of the rental rate, above the rate of inflation as set by the Bank of Greece, according to the relevant rental agreement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalAnnualIncreaseRateAboveInflation" xlink:to="label_RentalAnnualIncreaseRateAboveInflation" xlink:title="label: RentalAnnualIncreaseRateAboveInflation to label_RentalAnnualIncreaseRateAboveInflation"/>
    <label xlink:type="resource" xlink:label="label_RentalAnnualIncreaseRateAboveInflation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RentalAnnualIncreaseRateAboveInflation" xml:lang="en-US" id="label_RentalAnnualIncreaseRateAboveInflation">Rental Annual Increase Rate Above Inflation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalAnnualIncreaseRateAboveInflation" xlink:to="label_RentalAnnualIncreaseRateAboveInflation_2" xlink:title="label: RentalAnnualIncreaseRateAboveInflation to label_RentalAnnualIncreaseRateAboveInflation"/>
    <label xlink:type="resource" xlink:label="label_RentalAnnualIncreaseRateAboveInflation_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RentalAnnualIncreaseRateAboveInflation" xml:lang="en-US" id="label_RentalAnnualIncreaseRateAboveInflation_2">Rental annual increase rate above inflation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalAnnualIncreaseRateAboveInflation" xlink:to="label_RentalAnnualIncreaseRateAboveInflation_3" xlink:title="label: RentalAnnualIncreaseRateAboveInflation to label_RentalAnnualIncreaseRateAboveInflation"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:label="RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:title="RestrictedCashAndCashEquivalentsFairValueDisclosure"/>
    <label xlink:type="resource" xlink:label="label_RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RestrictedCashAndCashEquivalentsFairValueDisclosure" xml:lang="en-US" id="label_RestrictedCashAndCashEquivalentsFairValueDisclosure">The fair value of cash and cash equivalent items which are restricted as to withdrawal or usage.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:to="label_RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:title="label: RestrictedCashAndCashEquivalentsFairValueDisclosure to label_RestrictedCashAndCashEquivalentsFairValueDisclosure"/>
    <label xlink:type="resource" xlink:label="label_RestrictedCashAndCashEquivalentsFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedCashAndCashEquivalentsFairValueDisclosure" xml:lang="en-US" id="label_RestrictedCashAndCashEquivalentsFairValueDisclosure_2">Restricted Cash And Cash Equivalents Fair Value Disclosure</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:to="label_RestrictedCashAndCashEquivalentsFairValueDisclosure_2" xlink:title="label: RestrictedCashAndCashEquivalentsFairValueDisclosure to label_RestrictedCashAndCashEquivalentsFairValueDisclosure"/>
    <label xlink:type="resource" xlink:label="label_RestrictedCashAndCashEquivalentsFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedCashAndCashEquivalentsFairValueDisclosure" xml:lang="en-US" id="label_RestrictedCashAndCashEquivalentsFairValueDisclosure_3">Fair value of restricted cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashAndCashEquivalentsFairValueDisclosure" xlink:to="label_RestrictedCashAndCashEquivalentsFairValueDisclosure_3" xlink:title="label: RestrictedCashAndCashEquivalentsFairValueDisclosure to label_RestrictedCashAndCashEquivalentsFairValueDisclosure"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ReverseStockSplitConversionRatio" xlink:label="ReverseStockSplitConversionRatio" xlink:title="ReverseStockSplitConversionRatio"/>
    <label xlink:type="resource" xlink:label="label_ReverseStockSplitConversionRatio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReverseStockSplitConversionRatio" xml:lang="en-US" id="label_ReverseStockSplitConversionRatio">Ratio applied to the conversion of a reverse stock split, for example two shares converted to one.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReverseStockSplitConversionRatio" xlink:to="label_ReverseStockSplitConversionRatio" xlink:title="label: ReverseStockSplitConversionRatio to label_ReverseStockSplitConversionRatio"/>
    <label xlink:type="resource" xlink:label="label_ReverseStockSplitConversionRatio_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReverseStockSplitConversionRatio" xml:lang="en-US" id="label_ReverseStockSplitConversionRatio_2">Reverse Stock Split Conversion Ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReverseStockSplitConversionRatio" xlink:to="label_ReverseStockSplitConversionRatio_2" xlink:title="label: ReverseStockSplitConversionRatio to label_ReverseStockSplitConversionRatio"/>
    <label xlink:type="resource" xlink:label="label_ReverseStockSplitConversionRatio_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReverseStockSplitConversionRatio" xml:lang="en-US" id="label_ReverseStockSplitConversionRatio_3">Reverse stock split, Conversion ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReverseStockSplitConversionRatio" xlink:to="label_ReverseStockSplitConversionRatio_3" xlink:title="label: ReverseStockSplitConversionRatio to label_ReverseStockSplitConversionRatio"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_SeriesaPreferredSharesMember" xlink:label="SeriesaPreferredSharesMember" xlink:title="SeriesaPreferredSharesMember"/>
    <label xlink:type="resource" xlink:label="label_SeriesaPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeriesaPreferredSharesMember" xml:lang="en-US" id="label_SeriesaPreferredSharesMember">Seriesa Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesaPreferredSharesMember" xlink:to="label_SeriesaPreferredSharesMember" xlink:title="label: SeriesaPreferredSharesMember to label_SeriesaPreferredSharesMember"/>
    <label xlink:type="resource" xlink:label="label_SeriesaPreferredSharesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeriesaPreferredSharesMember" xml:lang="en-US" id="label_SeriesaPreferredSharesMember_2">Series A Preferred Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesaPreferredSharesMember" xlink:to="label_SeriesaPreferredSharesMember_2" xlink:title="label: SeriesaPreferredSharesMember to label_SeriesaPreferredSharesMember"/>
    <label xlink:type="resource" xlink:label="label_SeriesaPreferredSharesMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SeriesaPreferredSharesMember" xml:lang="en-US" id="label_SeriesaPreferredSharesMember_3">Series A Preferred Shares issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesaPreferredSharesMember" xlink:to="label_SeriesaPreferredSharesMember_3" xlink:title="label: SeriesaPreferredSharesMember to label_SeriesaPreferredSharesMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_SilanerInvestmentsLimitedMember" xlink:label="SilanerInvestmentsLimitedMember" xlink:title="SilanerInvestmentsLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_SilanerInvestmentsLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SilanerInvestmentsLimitedMember" xml:lang="en-US" id="label_SilanerInvestmentsLimitedMember">Silaner Investments Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SilanerInvestmentsLimitedMember" xlink:to="label_SilanerInvestmentsLimitedMember" xlink:title="label: SilanerInvestmentsLimitedMember to label_SilanerInvestmentsLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_SilanerInvestmentsLimitedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SilanerInvestmentsLimitedMember" xml:lang="en-US" id="label_SilanerInvestmentsLimitedMember_2">Silaner Investments Limited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SilanerInvestmentsLimitedMember" xlink:to="label_SilanerInvestmentsLimitedMember_2" xlink:title="label: SilanerInvestmentsLimitedMember to label_SilanerInvestmentsLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_SilanerInvestmentsLimitedMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SilanerInvestmentsLimitedMember" xml:lang="en-US" id="label_SilanerInvestmentsLimitedMember_3">Globus Maritime Limited-Silaner Credit Facility (note 4)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SilanerInvestmentsLimitedMember" xlink:to="label_SilanerInvestmentsLimitedMember_3" xlink:title="label: SilanerInvestmentsLimitedMember to label_SilanerInvestmentsLimitedMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_StockRedeemedDuringPeriodShares" xlink:label="StockRedeemedDuringPeriodShares" xlink:title="StockRedeemedDuringPeriodShares"/>
    <label xlink:type="resource" xlink:label="label_StockRedeemedDuringPeriodShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockRedeemedDuringPeriodShares" xml:lang="en-US" id="label_StockRedeemedDuringPeriodShares">Stock Redeemed During Period Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedDuringPeriodShares" xlink:to="label_StockRedeemedDuringPeriodShares" xlink:title="label: StockRedeemedDuringPeriodShares to label_StockRedeemedDuringPeriodShares"/>
    <label xlink:type="resource" xlink:label="label_StockRedeemedDuringPeriodShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockRedeemedDuringPeriodShares" xml:lang="en-US" id="label_StockRedeemedDuringPeriodShares_2">Number of shares redeemed</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedDuringPeriodShares" xlink:to="label_StockRedeemedDuringPeriodShares_2" xlink:title="label: StockRedeemedDuringPeriodShares to label_StockRedeemedDuringPeriodShares"/>
    <label xlink:type="resource" xlink:label="label_StockRedeemedDuringPeriodShares_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockRedeemedDuringPeriodShares" xml:lang="en-US" id="label_StockRedeemedDuringPeriodShares_3">Shares redeemed by the issuer</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedDuringPeriodShares" xlink:to="label_StockRedeemedDuringPeriodShares_3" xlink:title="label: StockRedeemedDuringPeriodShares to label_StockRedeemedDuringPeriodShares"/>
    <label xlink:type="resource" xlink:label="label_StockRedeemedDuringPeriodShares_4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StockRedeemedDuringPeriodShares" xml:lang="en-US" id="label_StockRedeemedDuringPeriodShares_4">Number of stock bought back by the entity at the redemption price.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedDuringPeriodShares" xlink:to="label_StockRedeemedDuringPeriodShares_4" xlink:title="label: StockRedeemedDuringPeriodShares to label_StockRedeemedDuringPeriodShares"/>
    <label xlink:type="resource" xlink:label="label_StockRedeemedDuringPeriodShares_5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_StockRedeemedDuringPeriodShares" xml:lang="en-US" id="label_StockRedeemedDuringPeriodShares_5">Shares redeemed by the issuer</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedDuringPeriodShares" xlink:to="label_StockRedeemedDuringPeriodShares_5" xlink:title="label: StockRedeemedDuringPeriodShares to label_StockRedeemedDuringPeriodShares"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_StockRedeemedDuringPeriodValue" xlink:label="StockRedeemedDuringPeriodValue" xlink:title="StockRedeemedDuringPeriodValue"/>
    <label xlink:type="resource" xlink:label="label_StockRedeemedDuringPeriodValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StockRedeemedDuringPeriodValue" xml:lang="en-US" id="label_StockRedeemedDuringPeriodValue_3">Value of stock bought back by the entity at the redemption price.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedDuringPeriodValue" xlink:to="label_StockRedeemedDuringPeriodValue" xlink:title="label: StockRedeemedDuringPeriodValue to label_StockRedeemedDuringPeriodValue"/>
    <label xlink:type="resource" xlink:label="label_StockRedeemedDuringPeriodValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockRedeemedDuringPeriodValue" xml:lang="en-US" id="label_StockRedeemedDuringPeriodValue">Stock Redeemed During Period Value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedDuringPeriodValue" xlink:to="label_StockRedeemedDuringPeriodValue_2" xlink:title="label: StockRedeemedDuringPeriodValue to label_StockRedeemedDuringPeriodValue"/>
    <label xlink:type="resource" xlink:label="label_StockRedeemedDuringPeriodValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockRedeemedDuringPeriodValue" xml:lang="en-US" id="label_StockRedeemedDuringPeriodValue_2">Value of shares redeemed</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedDuringPeriodValue" xlink:to="label_StockRedeemedDuringPeriodValue_3" xlink:title="label: StockRedeemedDuringPeriodValue to label_StockRedeemedDuringPeriodValue"/>
    <label xlink:type="resource" xlink:label="label_StockRedeemedDuringPeriodValue_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockRedeemedDuringPeriodValue" xml:lang="en-US" id="label_StockRedeemedDuringPeriodValue_4">Shares redeemed by the issuer</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedDuringPeriodValue" xlink:to="label_StockRedeemedDuringPeriodValue_4" xlink:title="label: StockRedeemedDuringPeriodValue to label_StockRedeemedDuringPeriodValue"/>
    <label xlink:type="resource" xlink:label="label_StockRedeemedDuringPeriodValue_5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_StockRedeemedDuringPeriodValue" xml:lang="en-US" id="label_StockRedeemedDuringPeriodValue_5">Shares redeemed by the issuer</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedDuringPeriodValue" xlink:to="label_StockRedeemedDuringPeriodValue_5" xlink:title="label: StockRedeemedDuringPeriodValue to label_StockRedeemedDuringPeriodValue"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_SunGlobeMember" xlink:label="SunGlobeMember" xlink:title="SunGlobeMember"/>
    <label xlink:type="resource" xlink:label="label_SunGlobeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SunGlobeMember" xml:lang="en-US" id="label_SunGlobeMember">Sun Globe [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SunGlobeMember" xlink:to="label_SunGlobeMember" xlink:title="label: SunGlobeMember to label_SunGlobeMember"/>
    <label xlink:type="resource" xlink:label="label_SunGlobeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SunGlobeMember" xml:lang="en-US" id="label_SunGlobeMember_2">Sun Globe</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SunGlobeMember" xlink:to="label_SunGlobeMember_2" xlink:title="label: SunGlobeMember to label_SunGlobeMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_SupramaxMember" xlink:label="SupramaxMember" xlink:title="SupramaxMember"/>
    <label xlink:type="resource" xlink:label="label_SupramaxMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SupramaxMember" xml:lang="en-US" id="label_SupramaxMember">Supramax [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SupramaxMember" xlink:to="label_SupramaxMember" xlink:title="label: SupramaxMember to label_SupramaxMember"/>
    <label xlink:type="resource" xlink:label="label_SupramaxMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SupramaxMember" xml:lang="en-US" id="label_SupramaxMember_2">Supramax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SupramaxMember" xlink:to="label_SupramaxMember_2" xlink:title="label: SupramaxMember to label_SupramaxMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_TiaraGlobeMember" xlink:label="TiaraGlobeMember" xlink:title="TiaraGlobeMember"/>
    <label xlink:type="resource" xlink:label="label_TiaraGlobeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TiaraGlobeMember" xml:lang="en-US" id="label_TiaraGlobeMember">Tiara Globe [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TiaraGlobeMember" xlink:to="label_TiaraGlobeMember" xlink:title="label: TiaraGlobeMember to label_TiaraGlobeMember"/>
    <label xlink:type="resource" xlink:label="label_TiaraGlobeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TiaraGlobeMember" xml:lang="en-US" id="label_TiaraGlobeMember_2">Tiara Globe</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TiaraGlobeMember" xlink:to="label_TiaraGlobeMember_2" xlink:title="label: TiaraGlobeMember to label_TiaraGlobeMember"/>
    <label xlink:type="resource" xlink:label="label_TiaraGlobeMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TiaraGlobeMember" xml:lang="en-US" id="label_TiaraGlobeMember_3">m/v Tiara Globe</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TiaraGlobeMember" xlink:to="label_TiaraGlobeMember_3" xlink:title="label: TiaraGlobeMember to label_TiaraGlobeMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ValueOfSharesAuthorised" xlink:label="ValueOfSharesAuthorised" xlink:title="ValueOfSharesAuthorised"/>
    <label xlink:type="resource" xlink:label="label_ValueOfSharesAuthorised" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ValueOfSharesAuthorised" xml:lang="en-US" id="label_ValueOfSharesAuthorised">The nominal value of shares authorised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueOfSharesAuthorised" xlink:to="label_ValueOfSharesAuthorised" xlink:title="label: ValueOfSharesAuthorised to label_ValueOfSharesAuthorised"/>
    <label xlink:type="resource" xlink:label="label_ValueOfSharesAuthorised_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ValueOfSharesAuthorised" xml:lang="en-US" id="label_ValueOfSharesAuthorised_2">Value Of Shares Authorised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueOfSharesAuthorised" xlink:to="label_ValueOfSharesAuthorised_2" xlink:title="label: ValueOfSharesAuthorised to label_ValueOfSharesAuthorised"/>
    <label xlink:type="resource" xlink:label="label_ValueOfSharesAuthorised_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ValueOfSharesAuthorised" xml:lang="en-US" id="label_ValueOfSharesAuthorised_3">Value of shares authorised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueOfSharesAuthorised" xlink:to="label_ValueOfSharesAuthorised_3" xlink:title="label: ValueOfSharesAuthorised to label_ValueOfSharesAuthorised"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ValueOfSharesIssuedAbstract" xlink:label="ValueOfSharesIssuedAbstract" xlink:title="ValueOfSharesIssuedAbstract"/>
    <label xlink:type="resource" xlink:label="label_ValueOfSharesIssuedAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ValueOfSharesIssuedAbstract" xml:lang="en-US" id="label_ValueOfSharesIssuedAbstract">Value Of Shares Issued [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueOfSharesIssuedAbstract" xlink:to="label_ValueOfSharesIssuedAbstract" xlink:title="label: ValueOfSharesIssuedAbstract to label_ValueOfSharesIssuedAbstract"/>
    <label xlink:type="resource" xlink:label="label_ValueOfSharesIssuedAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ValueOfSharesIssuedAbstract" xml:lang="en-US" id="label_ValueOfSharesIssuedAbstract_2">USD</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueOfSharesIssuedAbstract" xlink:to="label_ValueOfSharesIssuedAbstract_2" xlink:title="label: ValueOfSharesIssuedAbstract to label_ValueOfSharesIssuedAbstract"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_VesselCapacity" xlink:label="VesselCapacity" xlink:title="VesselCapacity"/>
    <label xlink:type="resource" xlink:label="label_VesselCapacity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselCapacity" xml:lang="en-US" id="label_VesselCapacity">The vessel's capacity in deadweight tonnage ("dwt").</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselCapacity" xlink:to="label_VesselCapacity" xlink:title="label: VesselCapacity to label_VesselCapacity"/>
    <label xlink:type="resource" xlink:label="label_VesselCapacity_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselCapacity" xml:lang="en-US" id="label_VesselCapacity_2">Vessel Capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselCapacity" xlink:to="label_VesselCapacity_2" xlink:title="label: VesselCapacity to label_VesselCapacity"/>
    <label xlink:type="resource" xlink:label="label_VesselCapacity_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselCapacity" xml:lang="en-US" id="label_VesselCapacity_3">Vessel capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselCapacity" xlink:to="label_VesselCapacity_3" xlink:title="label: VesselCapacity to label_VesselCapacity"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_VesselDeliveryDate" xlink:label="VesselDeliveryDate" xlink:title="VesselDeliveryDate"/>
    <label xlink:type="resource" xlink:label="label_VesselDeliveryDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselDeliveryDate" xml:lang="en-US" id="label_VesselDeliveryDate">The date of the vessel delivery to the Company.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselDeliveryDate" xlink:to="label_VesselDeliveryDate" xlink:title="label: VesselDeliveryDate to label_VesselDeliveryDate"/>
    <label xlink:type="resource" xlink:label="label_VesselDeliveryDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselDeliveryDate" xml:lang="en-US" id="label_VesselDeliveryDate_2">Vessel Delivery Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselDeliveryDate" xlink:to="label_VesselDeliveryDate_2" xlink:title="label: VesselDeliveryDate to label_VesselDeliveryDate"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_VesselsScrapRatePerTon" xlink:label="VesselsScrapRatePerTon" xlink:title="VesselsScrapRatePerTon"/>
    <label xlink:type="resource" xlink:label="label_VesselsScrapRatePerTon" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselsScrapRatePerTon" xml:lang="en-US" id="label_VesselsScrapRatePerTon">The estimated vessels' scrap rate per ton.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsScrapRatePerTon" xlink:to="label_VesselsScrapRatePerTon" xlink:title="label: VesselsScrapRatePerTon to label_VesselsScrapRatePerTon"/>
    <label xlink:type="resource" xlink:label="label_VesselsScrapRatePerTon_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselsScrapRatePerTon" xml:lang="en-US" id="label_VesselsScrapRatePerTon_2">Vessels Scrap Rate Per Ton</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsScrapRatePerTon" xlink:to="label_VesselsScrapRatePerTon_2" xlink:title="label: VesselsScrapRatePerTon to label_VesselsScrapRatePerTon"/>
    <label xlink:type="resource" xlink:label="label_VesselsScrapRatePerTon_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselsScrapRatePerTon" xml:lang="en-US" id="label_VesselsScrapRatePerTon_3">Vessels scrap rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsScrapRatePerTon" xlink:to="label_VesselsScrapRatePerTon_3" xlink:title="label: VesselsScrapRatePerTon to label_VesselsScrapRatePerTon"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:label="AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:title="AccumulatedDepreciationAmortisationAndImpairmentMember"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationAmortisationAndImpairmentMember" xml:lang="en-US" id="label_AccumulatedDepreciationAmortisationAndImpairmentMember">Accumulated depreciation, amortisation and impairment [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:to="label_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:title="label: AccumulatedDepreciationAmortisationAndImpairmentMember to label_AccumulatedDepreciationAmortisationAndImpairmentMember"/>
    <label xlink:type="resource" xlink:label="label_AccumulatedDepreciationAmortisationAndImpairmentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedDepreciationAmortisationAndImpairmentMember" xml:lang="en-US" id="label_AccumulatedDepreciationAmortisationAndImpairmentMember_2">Accumulated depreciation, amortisation and impairment</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:label="AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:title="AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeExpense" xlink:to="label_AdministrativeExpense_3" xlink:title="label: AdministrativeExpense to label_AdministrativeExpense"/>
    <label xlink:type="resource" xlink:label="label_AdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AdministrativeExpense" xml:lang="en-US" id="label_AdministrativeExpense">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeExpense" xlink:to="label_AdministrativeExpense" xlink:title="label: AdministrativeExpense to label_AdministrativeExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AmortisationExpense" xlink:label="AmortisationExpense" xlink:title="AmortisationExpense"/>
    <label xlink:type="resource" xlink:label="label_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortisationExpense" xml:lang="en-US" id="label_AmortisationExpense">Amortisation Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationExpense" xlink:to="label_AmortisationExpense" xlink:title="label: AmortisationExpense to label_AmortisationExpense"/>
    <label xlink:type="resource" xlink:label="label_AmortisationExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AmortisationExpense" xml:lang="en-US" id="label_AmortisationExpense_2">Amortization of fair value of time charter attached to vessels</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationExpense" xlink:to="label_AmortisationExpense_2" xlink:title="label: AmortisationExpense to label_AmortisationExpense"/>
    <label xlink:type="resource" xlink:label="label_AmortisationExpense_3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_AmortisationExpense" xml:lang="en-US" id="label_AmortisationExpense_3">Depreciation &amp; Amortization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationExpense" xlink:to="label_AmortisationExpense_3" xlink:title="label: AmortisationExpense to label_AmortisationExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AmortisationMethodIntangibleAssetsOtherThanGoodwill" xlink:label="AmortisationMethodIntangibleAssetsOtherThanGoodwill" xlink:title="AmortisationMethodIntangibleAssetsOtherThanGoodwill"/>
    <label xlink:type="resource" xlink:label="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill">Amortisation method, intangible assets other than goodwill</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationMethodIntangibleAssetsOtherThanGoodwill" xlink:to="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill" xlink:title="label: AmortisationMethodIntangibleAssetsOtherThanGoodwill to label_AmortisationMethodIntangibleAssetsOtherThanGoodwill"/>
    <label xlink:type="resource" xlink:label="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill_2">Amortisation method</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationMethodIntangibleAssetsOtherThanGoodwill" xlink:to="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill_2" xlink:title="label: AmortisationMethodIntangibleAssetsOtherThanGoodwill to label_AmortisationMethodIntangibleAssetsOtherThanGoodwill"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:label="AmountsPayableRelatedPartyTransactions" xlink:title="AmountsPayableRelatedPartyTransactions"/>
    <label xlink:type="resource" xlink:label="label_AmountsPayableRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountsPayableRelatedPartyTransactions" xml:lang="en-US" id="label_AmountsPayableRelatedPartyTransactions">Amounts Payable Related Party Transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsPayableRelatedPartyTransactions" xlink:to="label_AmountsPayableRelatedPartyTransactions" xlink:title="label: AmountsPayableRelatedPartyTransactions to label_AmountsPayableRelatedPartyTransactions"/>
    <label xlink:type="resource" xlink:label="label_AmountsPayableRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountsPayableRelatedPartyTransactions" xml:lang="en-US" id="label_AmountsPayableRelatedPartyTransactions_2">Unpaid rent expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsPayableRelatedPartyTransactions" xlink:to="label_AmountsPayableRelatedPartyTransactions_2" xlink:title="label: AmountsPayableRelatedPartyTransactions to label_AmountsPayableRelatedPartyTransactions"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AssetsAbstract" xlink:label="AssetsAbstract" xlink:title="AssetsAbstract"/>
    <label xlink:type="resource" xlink:label="label_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsAbstract" xml:lang="en-US" id="label_AssetsAbstract">ASSETS</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract" xlink:title="label: AssetsAbstract to label_AssetsAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Assets" xlink:label="Assets" xlink:title="Assets"/>
    <label xlink:type="resource" xlink:label="label_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Assets" xml:lang="en-US" id="label_Assets">Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets" xlink:title="label: Assets to label_Assets"/>
    <label xlink:type="resource" xlink:label="label_Assets_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Assets" xml:lang="en-US" id="label_Assets_2">TOTAL ASSETS</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets_2" xlink:title="label: Assets to label_Assets"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BalancesWithBanks" xlink:label="BalancesWithBanks" xlink:title="BalancesWithBanks"/>
    <label xlink:type="resource" xlink:label="label_BalancesWithBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BalancesWithBanks" xml:lang="en-US" id="label_BalancesWithBanks">Balances with banks</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalancesWithBanks" xlink:to="label_BalancesWithBanks" xlink:title="label: BalancesWithBanks to label_BalancesWithBanks"/>
    <label xlink:type="resource" xlink:label="label_BalancesWithBanks_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BalancesWithBanks" xml:lang="en-US" id="label_BalancesWithBanks_2">Cash at banks</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalancesWithBanks" xlink:to="label_BalancesWithBanks_2" xlink:title="label: BalancesWithBanks to label_BalancesWithBanks"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BasicAndDilutedEarningsLossPerShare" xlink:label="BasicAndDilutedEarningsLossPerShare" xlink:title="BasicAndDilutedEarningsLossPerShare"/>
    <label xlink:type="resource" xlink:label="label_BasicAndDilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasicAndDilutedEarningsLossPerShare" xml:lang="en-US" id="label_BasicAndDilutedEarningsLossPerShare">- Basic and Diluted loss per share for the period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicAndDilutedEarningsLossPerShare" xlink:to="label_BasicAndDilutedEarningsLossPerShare" xlink:title="label: BasicAndDilutedEarningsLossPerShare to label_BasicAndDilutedEarningsLossPerShare"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BasicAndDilutedEarningsPerShareAbstract" xlink:label="BasicAndDilutedEarningsPerShareAbstract" xlink:title="BasicAndDilutedEarningsPerShareAbstract"/>
    <label xlink:type="resource" xlink:label="label_BasicAndDilutedEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasicAndDilutedEarningsPerShareAbstract" xml:lang="en-US" id="label_BasicAndDilutedEarningsPerShareAbstract">Loss per share (U.S.$):</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicAndDilutedEarningsPerShareAbstract" xlink:to="label_BasicAndDilutedEarningsPerShareAbstract" xlink:title="label: BasicAndDilutedEarningsPerShareAbstract to label_BasicAndDilutedEarningsPerShareAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BorrowingCostsCapitalised" xlink:label="BorrowingCostsCapitalised" xlink:title="BorrowingCostsCapitalised"/>
    <label xlink:type="resource" xlink:label="label_BorrowingCostsCapitalised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingCostsCapitalised" xml:lang="en-US" id="label_BorrowingCostsCapitalised">Borrowing costs capitalised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingCostsCapitalised" xlink:to="label_BorrowingCostsCapitalised" xlink:title="label: BorrowingCostsCapitalised to label_BorrowingCostsCapitalised"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BorrowingsAbstract" xlink:label="BorrowingsAbstract" xlink:title="BorrowingsAbstract"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsAbstract" xml:lang="en-US" id="label_BorrowingsAbstract">Borrowings [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsAbstract" xlink:to="label_BorrowingsAbstract" xlink:title="label: BorrowingsAbstract to label_BorrowingsAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="BorrowingsInterestRate" xlink:title="BorrowingsInterestRate"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsInterestRate" xml:lang="en-US" id="label_BorrowingsInterestRate">Borrowings Interest Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRate" xlink:to="label_BorrowingsInterestRate" xlink:title="label: BorrowingsInterestRate to label_BorrowingsInterestRate"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsInterestRate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsInterestRate" xml:lang="en-US" id="label_BorrowingsInterestRate_2">Interest rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRate" xlink:to="label_BorrowingsInterestRate_2" xlink:title="label: BorrowingsInterestRate to label_BorrowingsInterestRate"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BorrowingsMaturity" xlink:label="BorrowingsMaturity" xlink:title="BorrowingsMaturity"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsMaturity_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsMaturity" xml:lang="en-US" id="label_BorrowingsMaturity">Borrowings Maturity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsMaturity" xlink:to="label_BorrowingsMaturity_2" xlink:title="label: BorrowingsMaturity to label_BorrowingsMaturity"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsMaturity_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsMaturity" xml:lang="en-US" id="label_BorrowingsMaturity_2">Maturity date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsMaturity" xlink:to="label_BorrowingsMaturity_3" xlink:title="label: BorrowingsMaturity to label_BorrowingsMaturity"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsMaturity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BorrowingsMaturity" xml:lang="en-US" id="label_BorrowingsMaturity_3">Borrowings, maturity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsMaturity" xlink:to="label_BorrowingsMaturity" xlink:title="label: BorrowingsMaturity to label_BorrowingsMaturity"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Borrowings" xlink:label="Borrowings" xlink:title="Borrowings"/>
    <label xlink:type="resource" xlink:label="label_Borrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Borrowings" xml:lang="en-US" id="label_Borrowings">Borrowings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings" xlink:title="label: Borrowings to label_Borrowings"/>
    <label xlink:type="resource" xlink:label="label_Borrowings_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Borrowings" xml:lang="en-US" id="label_Borrowings_2">Total Borrowings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_2" xlink:title="label: Borrowings to label_Borrowings"/>
    <label xlink:type="resource" xlink:label="label_Borrowings_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_Borrowings" xml:lang="en-US" id="label_Borrowings_3">Long-term debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_3" xlink:title="label: Borrowings to label_Borrowings"/>
    <label xlink:type="resource" xlink:label="label_Borrowings_4" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_Borrowings" xml:lang="en-US" id="label_Borrowings_4">Debt in accordance with IFRS (long &amp; short-term borrowings)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_4" xlink:title="label: Borrowings to label_Borrowings"/>
    <label xlink:type="resource" xlink:label="label_Borrowings_5" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_Borrowings" xml:lang="en-US" id="label_Borrowings_5">Long-term borrowings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_5" xlink:title="label: Borrowings to label_Borrowings"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:title="CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
    <label xlink:type="resource" xlink:label="label_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xml:lang="en-US" id="label_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="label_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:title="label: CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis to label_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CarryingAmountMember" xlink:label="CarryingAmountMember" xlink:title="CarryingAmountMember"/>
    <label xlink:type="resource" xlink:label="label_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CarryingAmountMember" xml:lang="en-US" id="label_CarryingAmountMember">Carrying amount [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountMember" xlink:to="label_CarryingAmountMember" xlink:title="label: CarryingAmountMember to label_CarryingAmountMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashAndCashEquivalentsAbstract" xlink:label="CashAndCashEquivalentsAbstract" xlink:title="CashAndCashEquivalentsAbstract"/>
    <label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsAbstract" xml:lang="en-US" id="label_CashAndCashEquivalentsAbstract">Cash and cash equivalents [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAbstract" xlink:to="label_CashAndCashEquivalentsAbstract" xlink:title="label: CashAndCashEquivalentsAbstract to label_CashAndCashEquivalentsAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="CashAndCashEquivalents" xlink:title="CashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CashAndCashEquivalents" xml:lang="en-US" id="label_CashAndCashEquivalents">Cash and cash equivalents at the end of the period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents" xlink:title="label: CashAndCashEquivalents to label_CashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CashAndCashEquivalents" xml:lang="en-US" id="label_CashAndCashEquivalents_2">Cash and cash equivalents at the beginning of the year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_2" xlink:title="label: CashAndCashEquivalents to label_CashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalents" xml:lang="en-US" id="label_CashAndCashEquivalents_3">Cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_3" xlink:title="label: CashAndCashEquivalents to label_CashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashAndCashEquivalents" xml:lang="en-US" id="label_CashAndCashEquivalents_4">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_4" xlink:title="label: CashAndCashEquivalents to label_CashAndCashEquivalents"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:title="CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xml:lang="en-US" id="label_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_2">Net proceeds from sale of vessel/subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="label_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_2" xlink:title="label: CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities to label_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xml:lang="en-US" id="label_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities">Proceeds from sale of a subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="label_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:title="label: CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities to label_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents" xlink:label="CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents" xlink:title="CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents" xml:lang="en-US" id="label_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents">(Increase)/decrease in restricted cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents" xlink:to="label_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents" xlink:title="label: CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents to label_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:title="CashFlowsFromUsedInFinancingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInFinancingActivitiesAbstract" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivitiesAbstract">Cash flows from financing activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="label_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:title="label: CashFlowsFromUsedInFinancingActivitiesAbstract to label_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="CashFlowsFromUsedInFinancingActivities" xlink:title="CashFlowsFromUsedInFinancingActivities"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInFinancingActivities" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivities">Net cash generated from/(used in) financing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivities" xlink:to="label_CashFlowsFromUsedInFinancingActivities" xlink:title="label: CashFlowsFromUsedInFinancingActivities to label_CashFlowsFromUsedInFinancingActivities"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInFinancingActivities" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivities_2">Cash flows from (used in) financing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivities" xlink:to="label_CashFlowsFromUsedInFinancingActivities_2" xlink:title="label: CashFlowsFromUsedInFinancingActivities to label_CashFlowsFromUsedInFinancingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:title="CashFlowsFromUsedInInvestingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInInvestingActivitiesAbstract" xml:lang="en-US" id="label_CashFlowsFromUsedInInvestingActivitiesAbstract">Cash flows from investing activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="label_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:title="label: CashFlowsFromUsedInInvestingActivitiesAbstract to label_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="CashFlowsFromUsedInInvestingActivities" xlink:title="CashFlowsFromUsedInInvestingActivities"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInInvestingActivities" xml:lang="en-US" id="label_CashFlowsFromUsedInInvestingActivities">Net cash used in investing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivities" xlink:to="label_CashFlowsFromUsedInInvestingActivities" xlink:title="label: CashFlowsFromUsedInInvestingActivities to label_CashFlowsFromUsedInInvestingActivities"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInInvestingActivities" xml:lang="en-US" id="label_CashFlowsFromUsedInInvestingActivities_2">Cash flows from (used in) investing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivities" xlink:to="label_CashFlowsFromUsedInInvestingActivities_2" xlink:title="label: CashFlowsFromUsedInInvestingActivities to label_CashFlowsFromUsedInInvestingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:title="CashFlowsFromUsedInOperatingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInOperatingActivitiesAbstract" xml:lang="en-US" id="label_CashFlowsFromUsedInOperatingActivitiesAbstract">Operating activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="label_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:title="label: CashFlowsFromUsedInOperatingActivitiesAbstract to label_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="CashFlowsFromUsedInOperatingActivities" xlink:title="CashFlowsFromUsedInOperatingActivities"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInOperatingActivities" xml:lang="en-US" id="label_CashFlowsFromUsedInOperatingActivities">Net cash (used in)/generated from operating activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperatingActivities" xlink:to="label_CashFlowsFromUsedInOperatingActivities" xlink:title="label: CashFlowsFromUsedInOperatingActivities to label_CashFlowsFromUsedInOperatingActivities"/>
    <label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperatingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInOperatingActivities" xml:lang="en-US" id="label_CashFlowsFromUsedInOperatingActivities_2">Cash flows from (used in) operating activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperatingActivities" xlink:to="label_CashFlowsFromUsedInOperatingActivities_2" xlink:title="label: CashFlowsFromUsedInOperatingActivities to label_CashFlowsFromUsedInOperatingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashOnHand" xlink:label="CashOnHand" xlink:title="CashOnHand"/>
    <label xlink:type="resource" xlink:label="label_CashOnHand" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashOnHand" xml:lang="en-US" id="label_CashOnHand">Cash on hand</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashOnHand" xlink:to="label_CashOnHand" xlink:title="label: CashOnHand to label_CashOnHand"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="CategoriesOfRelatedPartiesAxis" xlink:title="CategoriesOfRelatedPartiesAxis"/>
    <label xlink:type="resource" xlink:label="label_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CategoriesOfRelatedPartiesAxis" xml:lang="en-US" id="label_CategoriesOfRelatedPartiesAxis">Categories of related parties [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CategoriesOfRelatedPartiesAxis" xlink:to="label_CategoriesOfRelatedPartiesAxis" xlink:title="label: CategoriesOfRelatedPartiesAxis to label_CategoriesOfRelatedPartiesAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ClassesOfInventoriesAbstract" xlink:label="ClassesOfInventoriesAbstract" xlink:title="ClassesOfInventoriesAbstract"/>
    <label xlink:type="resource" xlink:label="label_ClassesOfInventoriesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfInventoriesAbstract" xml:lang="en-US" id="label_ClassesOfInventoriesAbstract">Inventories [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfInventoriesAbstract" xlink:to="label_ClassesOfInventoriesAbstract" xlink:title="label: ClassesOfInventoriesAbstract to label_ClassesOfInventoriesAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="ClassesOfPropertyPlantAndEquipmentAxis" xlink:title="ClassesOfPropertyPlantAndEquipmentAxis"/>
    <label xlink:type="resource" xlink:label="label_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfPropertyPlantAndEquipmentAxis" xml:lang="en-US" id="label_ClassesOfPropertyPlantAndEquipmentAxis">Classes of property, plant and equipment [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="label_ClassesOfPropertyPlantAndEquipmentAxis" xlink:title="label: ClassesOfPropertyPlantAndEquipmentAxis to label_ClassesOfPropertyPlantAndEquipmentAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ClassesOfShareCapitalAxis" xlink:label="ClassesOfShareCapitalAxis" xlink:title="ClassesOfShareCapitalAxis"/>
    <label xlink:type="resource" xlink:label="label_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfShareCapitalAxis" xml:lang="en-US" id="label_ClassesOfShareCapitalAxis">Classes of share capital [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfShareCapitalAxis" xlink:to="label_ClassesOfShareCapitalAxis" xlink:title="label: ClassesOfShareCapitalAxis to label_ClassesOfShareCapitalAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ClassesOfShareCapitalMember" xlink:label="ClassesOfShareCapitalMember" xlink:title="ClassesOfShareCapitalMember"/>
    <label xlink:type="resource" xlink:label="label_ClassesOfShareCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfShareCapitalMember" xml:lang="en-US" id="label_ClassesOfShareCapitalMember">Share capital [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfShareCapitalMember" xlink:to="label_ClassesOfShareCapitalMember" xlink:title="label: ClassesOfShareCapitalMember to label_ClassesOfShareCapitalMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ComponentsOfEquityAxis" xlink:title="ComponentsOfEquityAxis"/>
    <label xlink:type="resource" xlink:label="label_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComponentsOfEquityAxis" xml:lang="en-US" id="label_ComponentsOfEquityAxis">Components of Equity [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfEquityAxis" xlink:to="label_ComponentsOfEquityAxis" xlink:title="label: ComponentsOfEquityAxis to label_ComponentsOfEquityAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ComprehensiveIncome" xlink:title="ComprehensiveIncome"/>
    <label xlink:type="resource" xlink:label="label_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncome" xml:lang="en-US" id="label_ComprehensiveIncome">Comprehensive Income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncome" xlink:to="label_ComprehensiveIncome" xlink:title="label: ComprehensiveIncome to label_ComprehensiveIncome"/>
    <label xlink:type="resource" xlink:label="label_ComprehensiveIncome_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ComprehensiveIncome" xml:lang="en-US" id="label_ComprehensiveIncome_2">TOTAL COMPREHENSIVE LOSS FOR THE PERIOD</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncome" xlink:to="label_ComprehensiveIncome_2" xlink:title="label: ComprehensiveIncome to label_ComprehensiveIncome"/>
    <label xlink:type="resource" xlink:label="label_ComprehensiveIncome_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ComprehensiveIncome" xml:lang="en-US" id="label_ComprehensiveIncome_3">Total comprehensive income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncome" xlink:to="label_ComprehensiveIncome_3" xlink:title="label: ComprehensiveIncome to label_ComprehensiveIncome"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary" xlink:label="CountryOfIncorporationOrResidenceOfSubsidiary" xlink:title="CountryOfIncorporationOrResidenceOfSubsidiary"/>
    <label xlink:type="resource" xlink:label="label_CountryOfIncorporationOrResidenceOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CountryOfIncorporationOrResidenceOfSubsidiary" xml:lang="en-US" id="label_CountryOfIncorporationOrResidenceOfSubsidiary">Country of Incorporation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CountryOfIncorporationOrResidenceOfSubsidiary" xlink:to="label_CountryOfIncorporationOrResidenceOfSubsidiary" xlink:title="label: CountryOfIncorporationOrResidenceOfSubsidiary to label_CountryOfIncorporationOrResidenceOfSubsidiary"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentAccruedExpensesAndOtherCurrentLiabilities" xlink:label="CurrentAccruedExpensesAndOtherCurrentLiabilities" xlink:title="CurrentAccruedExpensesAndOtherCurrentLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentAccruedExpensesAndOtherCurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAccruedExpensesAndOtherCurrentLiabilities" xml:lang="en-US" id="label_CurrentAccruedExpensesAndOtherCurrentLiabilities">Current accrued expenses and other current liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAccruedExpensesAndOtherCurrentLiabilities" xlink:to="label_CurrentAccruedExpensesAndOtherCurrentLiabilities" xlink:title="label: CurrentAccruedExpensesAndOtherCurrentLiabilities to label_CurrentAccruedExpensesAndOtherCurrentLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentAccruedExpensesAndOtherCurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentAccruedExpensesAndOtherCurrentLiabilities" xml:lang="en-US" id="label_CurrentAccruedExpensesAndOtherCurrentLiabilities_2">Accrued liabilities and other payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAccruedExpensesAndOtherCurrentLiabilities" xlink:to="label_CurrentAccruedExpensesAndOtherCurrentLiabilities_2" xlink:title="label: CurrentAccruedExpensesAndOtherCurrentLiabilities to label_CurrentAccruedExpensesAndOtherCurrentLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentAccruedExpensesAndOtherCurrentLiabilities_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentAccruedExpensesAndOtherCurrentLiabilities" xml:lang="en-US" id="label_CurrentAccruedExpensesAndOtherCurrentLiabilities_3">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAccruedExpensesAndOtherCurrentLiabilities" xlink:to="label_CurrentAccruedExpensesAndOtherCurrentLiabilities_3" xlink:title="label: CurrentAccruedExpensesAndOtherCurrentLiabilities to label_CurrentAccruedExpensesAndOtherCurrentLiabilities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentAdvancesToSuppliers" xlink:label="CurrentAdvancesToSuppliers" xlink:title="CurrentAdvancesToSuppliers"/>
    <label xlink:type="resource" xlink:label="label_CurrentAdvancesToSuppliers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAdvancesToSuppliers" xml:lang="en-US" id="label_CurrentAdvancesToSuppliers">Current advances to suppliers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAdvancesToSuppliers" xlink:to="label_CurrentAdvancesToSuppliers" xlink:title="label: CurrentAdvancesToSuppliers to label_CurrentAdvancesToSuppliers"/>
    <label xlink:type="resource" xlink:label="label_CurrentAdvancesToSuppliers_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentAdvancesToSuppliers" xml:lang="en-US" id="label_CurrentAdvancesToSuppliers_2">Bunkers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAdvancesToSuppliers" xlink:to="label_CurrentAdvancesToSuppliers_2" xlink:title="label: CurrentAdvancesToSuppliers to label_CurrentAdvancesToSuppliers"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentAssetsAbstract" xlink:label="CurrentAssetsAbstract" xlink:title="CurrentAssetsAbstract"/>
    <label xlink:type="resource" xlink:label="label_CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAssetsAbstract" xml:lang="en-US" id="label_CurrentAssetsAbstract">CURRENT ASSETS</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssetsAbstract" xlink:to="label_CurrentAssetsAbstract" xlink:title="label: CurrentAssetsAbstract to label_CurrentAssetsAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentAssetsLiabilities" xlink:label="CurrentAssetsLiabilities" xlink:title="CurrentAssetsLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAssetsLiabilities" xml:lang="en-US" id="label_CurrentAssetsLiabilities">Current Assets Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssetsLiabilities" xlink:to="label_CurrentAssetsLiabilities" xlink:title="label: CurrentAssetsLiabilities to label_CurrentAssetsLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentAssetsLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentAssetsLiabilities" xml:lang="en-US" id="label_CurrentAssetsLiabilities_2">Working capital deficit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssetsLiabilities" xlink:to="label_CurrentAssetsLiabilities_2" xlink:title="label: CurrentAssetsLiabilities to label_CurrentAssetsLiabilities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentAssets" xlink:label="CurrentAssets" xlink:title="CurrentAssets"/>
    <label xlink:type="resource" xlink:label="label_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAssets" xml:lang="en-US" id="label_CurrentAssets">Current Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets" xlink:title="label: CurrentAssets to label_CurrentAssets"/>
    <label xlink:type="resource" xlink:label="label_CurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentAssets" xml:lang="en-US" id="label_CurrentAssets_2">Total current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets_2" xlink:title="label: CurrentAssets to label_CurrentAssets"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentDividendPayables" xlink:label="CurrentDividendPayables" xlink:title="CurrentDividendPayables"/>
    <label xlink:type="resource" xlink:label="label_CurrentDividendPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentDividendPayables" xml:lang="en-US" id="label_CurrentDividendPayables">Current Dividend Payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDividendPayables" xlink:to="label_CurrentDividendPayables" xlink:title="label: CurrentDividendPayables to label_CurrentDividendPayables"/>
    <label xlink:type="resource" xlink:label="label_CurrentDividendPayables_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentDividendPayables" xml:lang="en-US" id="label_CurrentDividendPayables_2">Dividend payable on Preferred Shares (note 17)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDividendPayables" xlink:to="label_CurrentDividendPayables_2" xlink:title="label: CurrentDividendPayables to label_CurrentDividendPayables"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentInterestPayable" xlink:label="CurrentInterestPayable" xlink:title="CurrentInterestPayable"/>
    <label xlink:type="resource" xlink:label="label_CurrentInterestPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentInterestPayable" xml:lang="en-US" id="label_CurrentInterestPayable">Current interest payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInterestPayable" xlink:to="label_CurrentInterestPayable" xlink:title="label: CurrentInterestPayable to label_CurrentInterestPayable"/>
    <label xlink:type="resource" xlink:label="label_CurrentInterestPayable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentInterestPayable" xml:lang="en-US" id="label_CurrentInterestPayable_2">Accrued interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInterestPayable" xlink:to="label_CurrentInterestPayable_2" xlink:title="label: CurrentInterestPayable to label_CurrentInterestPayable"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentInterestReceivable" xlink:label="CurrentInterestReceivable" xlink:title="CurrentInterestReceivable"/>
    <label xlink:type="resource" xlink:label="label_CurrentInterestReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentInterestReceivable" xml:lang="en-US" id="label_CurrentInterestReceivable">Current interest receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInterestReceivable" xlink:to="label_CurrentInterestReceivable" xlink:title="label: CurrentInterestReceivable to label_CurrentInterestReceivable"/>
    <label xlink:type="resource" xlink:label="label_CurrentInterestReceivable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentInterestReceivable" xml:lang="en-US" id="label_CurrentInterestReceivable_2">Interest receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInterestReceivable" xlink:to="label_CurrentInterestReceivable_2" xlink:title="label: CurrentInterestReceivable to label_CurrentInterestReceivable"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="CurrentLiabilitiesAbstract" xlink:title="CurrentLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:label="label_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLiabilitiesAbstract" xml:lang="en-US" id="label_CurrentLiabilitiesAbstract">CURRENT LIABILITIES</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilitiesAbstract" xlink:to="label_CurrentLiabilitiesAbstract" xlink:title="label: CurrentLiabilitiesAbstract to label_CurrentLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:label="label_CurrentLiabilitiesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentLiabilitiesAbstract" xml:lang="en-US" id="label_CurrentLiabilitiesAbstract_2">Trade accounts payable [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilitiesAbstract" xlink:to="label_CurrentLiabilitiesAbstract_2" xlink:title="label: CurrentLiabilitiesAbstract to label_CurrentLiabilitiesAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentLiabilities" xlink:label="CurrentLiabilities" xlink:title="CurrentLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLiabilities" xml:lang="en-US" id="label_CurrentLiabilities">Current liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities" xlink:title="label: CurrentLiabilities to label_CurrentLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentLiabilities" xml:lang="en-US" id="label_CurrentLiabilities_2">Total current liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities_2" xlink:title="label: CurrentLiabilities to label_CurrentLiabilities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:label="CurrentPortionOfLongtermBorrowings" xlink:title="CurrentPortionOfLongtermBorrowings"/>
    <label xlink:type="resource" xlink:label="label_CurrentPortionOfLongtermBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentPortionOfLongtermBorrowings" xml:lang="en-US" id="label_CurrentPortionOfLongtermBorrowings_2">Current portion of long-term borrowings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPortionOfLongtermBorrowings" xlink:to="label_CurrentPortionOfLongtermBorrowings_2" xlink:title="label: CurrentPortionOfLongtermBorrowings to label_CurrentPortionOfLongtermBorrowings"/>
    <label xlink:type="resource" xlink:label="label_CurrentPortionOfLongtermBorrowings_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentPortionOfLongtermBorrowings" xml:lang="en-US" id="label_CurrentPortionOfLongtermBorrowings_3">Total Borrowings - Current portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPortionOfLongtermBorrowings" xlink:to="label_CurrentPortionOfLongtermBorrowings_3" xlink:title="label: CurrentPortionOfLongtermBorrowings to label_CurrentPortionOfLongtermBorrowings"/>
    <label xlink:type="resource" xlink:label="label_CurrentPortionOfLongtermBorrowings" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CurrentPortionOfLongtermBorrowings" xml:lang="en-US" id="label_CurrentPortionOfLongtermBorrowings">Total Borrowings - Current portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPortionOfLongtermBorrowings" xlink:to="label_CurrentPortionOfLongtermBorrowings" xlink:title="label: CurrentPortionOfLongtermBorrowings to label_CurrentPortionOfLongtermBorrowings"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets" xlink:label="CurrentPrepaymentsAndOtherCurrentAssets" xlink:title="CurrentPrepaymentsAndOtherCurrentAssets"/>
    <label xlink:type="resource" xlink:label="label_CurrentPrepaymentsAndOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentPrepaymentsAndOtherCurrentAssets" xml:lang="en-US" id="label_CurrentPrepaymentsAndOtherCurrentAssets">Current prepayments and other current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaymentsAndOtherCurrentAssets" xlink:to="label_CurrentPrepaymentsAndOtherCurrentAssets" xlink:title="label: CurrentPrepaymentsAndOtherCurrentAssets to label_CurrentPrepaymentsAndOtherCurrentAssets"/>
    <label xlink:type="resource" xlink:label="label_CurrentPrepaymentsAndOtherCurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentPrepaymentsAndOtherCurrentAssets" xml:lang="en-US" id="label_CurrentPrepaymentsAndOtherCurrentAssets_2">Prepayments and other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaymentsAndOtherCurrentAssets" xlink:to="label_CurrentPrepaymentsAndOtherCurrentAssets_2" xlink:title="label: CurrentPrepaymentsAndOtherCurrentAssets to label_CurrentPrepaymentsAndOtherCurrentAssets"/>
    <label xlink:type="resource" xlink:label="label_CurrentPrepaymentsAndOtherCurrentAssets_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentPrepaymentsAndOtherCurrentAssets" xml:lang="en-US" id="label_CurrentPrepaymentsAndOtherCurrentAssets_3">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaymentsAndOtherCurrentAssets" xlink:to="label_CurrentPrepaymentsAndOtherCurrentAssets_3" xlink:title="label: CurrentPrepaymentsAndOtherCurrentAssets to label_CurrentPrepaymentsAndOtherCurrentAssets"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentPrepayments" xlink:label="CurrentPrepayments" xlink:title="CurrentPrepayments"/>
    <label xlink:type="resource" xlink:label="label_CurrentPrepayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentPrepayments" xml:lang="en-US" id="label_CurrentPrepayments">Current Prepayments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepayments" xlink:to="label_CurrentPrepayments" xlink:title="label: CurrentPrepayments to label_CurrentPrepayments"/>
    <label xlink:type="resource" xlink:label="label_CurrentPrepayments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentPrepayments" xml:lang="en-US" id="label_CurrentPrepayments_2">Other prepayments and other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepayments" xlink:to="label_CurrentPrepayments_2" xlink:title="label: CurrentPrepayments to label_CurrentPrepayments"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:label="DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:title="DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xml:lang="en-US" id="label_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment">Decrease through loss of control of subsidiary, property, plant and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:to="label_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:title="label: DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment to label_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xml:lang="en-US" id="label_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment_2">Sale of subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:to="label_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment_2" xlink:title="label: DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment to label_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DeferredIncome" xlink:label="DeferredIncome" xlink:title="DeferredIncome"/>
    <label xlink:type="resource" xlink:label="label_DeferredIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredIncome" xml:lang="en-US" id="label_DeferredIncome">Deferred income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncome" xlink:to="label_DeferredIncome" xlink:title="label: DeferredIncome to label_DeferredIncome"/>
    <label xlink:type="resource" xlink:label="label_DeferredIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredIncome" xml:lang="en-US" id="label_DeferredIncome_2">Deferred revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncome" xlink:to="label_DeferredIncome_2" xlink:title="label: DeferredIncome to label_DeferredIncome"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DepreciationAndAmortisationExpense" xlink:label="DepreciationAndAmortisationExpense" xlink:title="DepreciationAndAmortisationExpense"/>
    <label xlink:type="resource" xlink:label="label_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationAndAmortisationExpense" xml:lang="en-US" id="label_DepreciationAndAmortisationExpense">Depreciation and amortisation expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortisationExpense" xlink:to="label_DepreciationAndAmortisationExpense" xlink:title="label: DepreciationAndAmortisationExpense to label_DepreciationAndAmortisationExpense"/>
    <label xlink:type="resource" xlink:label="label_DepreciationAndAmortisationExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DepreciationAndAmortisationExpense" xml:lang="en-US" id="label_DepreciationAndAmortisationExpense_2">Depreciation &amp; amortization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortisationExpense" xlink:to="label_DepreciationAndAmortisationExpense_2" xlink:title="label: DepreciationAndAmortisationExpense to label_DepreciationAndAmortisationExpense"/>
    <label xlink:type="resource" xlink:label="label_DepreciationAndAmortisationExpense_3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_DepreciationAndAmortisationExpense" xml:lang="en-US" id="label_DepreciationAndAmortisationExpense_3">Depreciation &amp; Amortization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortisationExpense" xlink:to="label_DepreciationAndAmortisationExpense_3" xlink:title="label: DepreciationAndAmortisationExpense to label_DepreciationAndAmortisationExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DepreciationExpense" xlink:label="DepreciationExpense" xlink:title="DepreciationExpense"/>
    <label xlink:type="resource" xlink:label="label_DepreciationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationExpense" xml:lang="en-US" id="label_DepreciationExpense">Depreciation Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationExpense" xlink:to="label_DepreciationExpense" xlink:title="label: DepreciationExpense to label_DepreciationExpense"/>
    <label xlink:type="resource" xlink:label="label_DepreciationExpense_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_DepreciationExpense" xml:lang="en-US" id="label_DepreciationExpense_2">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationExpense" xlink:to="label_DepreciationExpense_2" xlink:title="label: DepreciationExpense to label_DepreciationExpense"/>
    <label xlink:type="resource" xlink:label="label_DepreciationExpense_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DepreciationExpense" xml:lang="en-US" id="label_DepreciationExpense_3">Depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationExpense" xlink:to="label_DepreciationExpense_3" xlink:title="label: DepreciationExpense to label_DepreciationExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DepreciationMethodPropertyPlantAndEquipment" xlink:label="DepreciationMethodPropertyPlantAndEquipment" xlink:title="DepreciationMethodPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_DepreciationMethodPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationMethodPropertyPlantAndEquipment" xml:lang="en-US" id="label_DepreciationMethodPropertyPlantAndEquipment">Depreciation method, property, plant and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationMethodPropertyPlantAndEquipment" xlink:to="label_DepreciationMethodPropertyPlantAndEquipment" xlink:title="label: DepreciationMethodPropertyPlantAndEquipment to label_DepreciationMethodPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:label="label_DepreciationMethodPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepreciationMethodPropertyPlantAndEquipment" xml:lang="en-US" id="label_DepreciationMethodPropertyPlantAndEquipment_2">Depreciation method</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:label="DepreciationPropertyPlantAndEquipment" xlink:title="DepreciationPropertyPlantAndEquipment"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsPropertyPlantAndEquipment" xlink:to="label_DisposalsPropertyPlantAndEquipment_2" xlink:title="label: DisposalsPropertyPlantAndEquipment to label_DisposalsPropertyPlantAndEquipment"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="DividendsPaidClassifiedAsFinancingActivities" xlink:title="DividendsPaidClassifiedAsFinancingActivities"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities" xml:lang="en-US" id="label_DividendsPaidClassifiedAsFinancingActivities">Dividends paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities" xlink:title="label: DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities" xml:lang="en-US" id="label_DividendsPaidClassifiedAsFinancingActivities_2">Dividends paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities_2" xlink:title="label: DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DividendsPaid" xlink:label="DividendsPaid" xlink:title="DividendsPaid"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaid" xml:lang="en-US" id="label_DividendsPaid">Dividends Paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid" xlink:title="label: DividendsPaid to label_DividendsPaid"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaid_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPaid" xml:lang="en-US" id="label_DividendsPaid_2">Dividends paid (note 17)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_2" xlink:title="label: DividendsPaid to label_DividendsPaid"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaid_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DividendsPaid" xml:lang="en-US" id="label_DividendsPaid_3">Less: Dividends on preferred shares (note 17)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_3" xlink:title="label: DividendsPaid to label_DividendsPaid"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaid_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsPaid" xml:lang="en-US" id="label_DividendsPaid_4">Dividends paid (Note 17)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_4" xlink:title="label: DividendsPaid to label_DividendsPaid"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaid_5" xlink:role="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:title="label_DividendsPaid" xml:lang="en-US" id="label_DividendsPaid_5">Less: Dividends on preferred shares (note 17)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_5" xlink:title="label: DividendsPaid to label_DividendsPaid"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EarningsPerShareAbstract" xlink:label="EarningsPerShareAbstract" xlink:title="EarningsPerShareAbstract"/>
    <label xlink:type="resource" xlink:label="label_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EarningsPerShareAbstract" xml:lang="en-US" id="label_EarningsPerShareAbstract">Loss per share [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareAbstract" xlink:to="label_EarningsPerShareAbstract" xlink:title="label: EarningsPerShareAbstract to label_EarningsPerShareAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EarningsPerShareLineItems" xlink:label="EarningsPerShareLineItems" xlink:title="EarningsPerShareLineItems"/>
    <label xlink:type="resource" xlink:label="label_EarningsPerShareLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EarningsPerShareLineItems" xml:lang="en-US" id="label_EarningsPerShareLineItems">Earnings per share [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareLineItems" xlink:to="label_EarningsPerShareLineItems" xlink:title="label: EarningsPerShareLineItems to label_EarningsPerShareLineItems"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EarningsPerShareTable" xlink:label="EarningsPerShareTable" xlink:title="EarningsPerShareTable"/>
    <label xlink:type="resource" xlink:label="label_EarningsPerShareTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EarningsPerShareTable" xml:lang="en-US" id="label_EarningsPerShareTable">Earnings per share [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareTable" xlink:to="label_EarningsPerShareTable" xlink:title="label: EarningsPerShareTable to label_EarningsPerShareTable"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:title="EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xml:lang="en-US" id="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents">Foreign exchange gains on cash and bank deposits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:title="label: EffectOfExchangeRateChangesOnCashAndCashEquivalents to label_EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EquityAbstract" xlink:label="EquityAbstract" xlink:title="EquityAbstract"/>
    <label xlink:type="resource" xlink:label="label_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAbstract" xml:lang="en-US" id="label_EquityAbstract">Equity [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAbstract" xlink:to="label_EquityAbstract" xlink:title="label: EquityAbstract to label_EquityAbstract"/>
    <label xlink:type="resource" xlink:label="label_EquityAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAbstract" xml:lang="en-US" id="label_EquityAbstract_2">EQUITY</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAbstract" xlink:to="label_EquityAbstract_2" xlink:title="label: EquityAbstract to label_EquityAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="EquityAndLiabilitiesAbstract" xlink:title="EquityAndLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:label="label_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAndLiabilitiesAbstract" xml:lang="en-US" id="label_EquityAndLiabilitiesAbstract">EQUITY AND LIABILITIES</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilitiesAbstract" xlink:to="label_EquityAndLiabilitiesAbstract" xlink:title="label: EquityAndLiabilitiesAbstract to label_EquityAndLiabilitiesAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EquityAndLiabilities" xlink:label="EquityAndLiabilities" xlink:title="EquityAndLiabilities"/>
    <label xlink:type="resource" xlink:label="label_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAndLiabilities" xml:lang="en-US" id="label_EquityAndLiabilities">Equity and liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="label_EquityAndLiabilities" xlink:title="label: EquityAndLiabilities to label_EquityAndLiabilities"/>
    <label xlink:type="resource" xlink:label="label_EquityAndLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EquityAndLiabilities" xml:lang="en-US" id="label_EquityAndLiabilities_2">TOTAL EQUITY AND LIABILITIES</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="label_EquityAndLiabilities_2" xlink:title="label: EquityAndLiabilities to label_EquityAndLiabilities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="EquityAttributableToOwnersOfParentMember" xlink:title="EquityAttributableToOwnersOfParentMember"/>
    <label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAttributableToOwnersOfParentMember" xml:lang="en-US" id="label_EquityAttributableToOwnersOfParentMember">Equity attributable to owners of parent [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember" xlink:title="label: EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EquityMember" xlink:label="EquityMember" xlink:title="EquityMember"/>
    <label xlink:type="resource" xlink:label="label_EquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMember" xml:lang="en-US" id="label_EquityMember">Equity [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMember" xlink:to="label_EquityMember" xlink:title="label: EquityMember to label_EquityMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Equity" xlink:label="Equity" xlink:title="Equity"/>
    <label xlink:type="resource" xlink:label="label_Equity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_Equity" xml:lang="en-US" id="label_Equity">BALANCE</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity" xlink:title="label: Equity to label_Equity"/>
    <label xlink:type="resource" xlink:label="label_Equity_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_Equity" xml:lang="en-US" id="label_Equity_2">BALANCE</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_2" xlink:title="label: Equity to label_Equity"/>
    <label xlink:type="resource" xlink:label="label_Equity_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Equity" xml:lang="en-US" id="label_Equity_3">Equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_3" xlink:title="label: Equity to label_Equity"/>
    <label xlink:type="resource" xlink:label="label_Equity_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Equity" xml:lang="en-US" id="label_Equity_4">Total equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_4" xlink:title="label: Equity to label_Equity"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:label="ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:title="ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
    <label xlink:type="resource" xlink:label="label_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xml:lang="en-US" id="label_ExpenseFromSharebasedPaymentTransactionsWithEmployees">Expense From Sharebased Payment Transactions With Employees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="label_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:title="label: ExpenseFromSharebasedPaymentTransactionsWithEmployees to label_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
    <label xlink:type="resource" xlink:label="label_ExpenseFromSharebasedPaymentTransactionsWithEmployees_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xml:lang="en-US" id="label_ExpenseFromSharebasedPaymentTransactionsWithEmployees_2">Share-based payments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="label_ExpenseFromSharebasedPaymentTransactionsWithEmployees_2" xlink:title="label: ExpenseFromSharebasedPaymentTransactionsWithEmployees to label_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_FeeAndCommissionIncome" xlink:label="FeeAndCommissionIncome" xlink:title="FeeAndCommissionIncome"/>
    <label xlink:type="resource" xlink:label="label_FeeAndCommissionIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FeeAndCommissionIncome" xml:lang="en-US" id="label_FeeAndCommissionIncome">Fee And Commission Income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FeeAndCommissionIncome" xlink:to="label_FeeAndCommissionIncome" xlink:title="label: FeeAndCommissionIncome to label_FeeAndCommissionIncome"/>
    <label xlink:type="resource" xlink:label="label_FeeAndCommissionIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FeeAndCommissionIncome" xml:lang="en-US" id="label_FeeAndCommissionIncome_2">Consulting fee income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FeeAndCommissionIncome" xlink:to="label_FeeAndCommissionIncome_2" xlink:title="label: FeeAndCommissionIncome to label_FeeAndCommissionIncome"/>
    <label xlink:type="resource" xlink:label="label_FeeAndCommissionIncome_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FeeAndCommissionIncome" xml:lang="en-US" id="label_FeeAndCommissionIncome_3">Management and consulting fee income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FeeAndCommissionIncome" xlink:to="label_FeeAndCommissionIncome_3" xlink:title="label: FeeAndCommissionIncome to label_FeeAndCommissionIncome"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_FinanceCosts" xlink:label="FinanceCosts" xlink:title="FinanceCosts"/>
    <label xlink:type="resource" xlink:label="label_FinanceCosts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceCosts" xml:lang="en-US" id="label_FinanceCosts_2">Finance costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts_2" xlink:title="label: FinanceCosts to label_FinanceCosts"/>
    <label xlink:type="resource" xlink:label="label_FinanceCosts_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_FinanceCosts" xml:lang="en-US" id="label_FinanceCosts_3">Interest expense and finance costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts_3" xlink:title="label: FinanceCosts to label_FinanceCosts"/>
    <label xlink:type="resource" xlink:label="label_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FinanceCosts" xml:lang="en-US" id="label_FinanceCosts">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts" xlink:title="label: FinanceCosts to label_FinanceCosts"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:label="GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:title="GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <label xlink:type="resource" xlink:label="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xml:lang="en-US" id="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss">Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:title="label: GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss to label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <label xlink:type="resource" xlink:label="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xml:lang="en-US" id="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_2">Foreign exchange gains/(losses), net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_2" xlink:title="label: GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss to label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:label="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:title="GainsLossesRecognisedWhenControlInSubsidiaryIsLost"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:label="IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:title="IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidClassifiedAsFinancingActivities" xlink:to="label_InterestPaidClassifiedAsFinancingActivities_2" xlink:title="label: InterestPaidClassifiedAsFinancingActivities to label_InterestPaidClassifiedAsFinancingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_InterestReceivedClassifiedAsInvestingActivities" xlink:label="InterestReceivedClassifiedAsInvestingActivities" xlink:title="InterestReceivedClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:label="label_InterestReceivedClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestReceivedClassifiedAsInvestingActivities" xml:lang="en-US" id="label_InterestReceivedClassifiedAsInvestingActivities">Interest received</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestReceivedClassifiedAsInvestingActivities" xlink:to="label_InterestReceivedClassifiedAsInvestingActivities" xlink:title="label: InterestReceivedClassifiedAsInvestingActivities to label_InterestReceivedClassifiedAsInvestingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Inventories" xlink:label="Inventories" xlink:title="Inventories"/>
    <label xlink:type="resource" xlink:label="label_Inventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Inventories" xml:lang="en-US" id="label_Inventories">Inventories</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories" xlink:title="label: Inventories to label_Inventories"/>
    <label xlink:type="resource" xlink:label="label_Inventories_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Inventories" xml:lang="en-US" id="label_Inventories_2">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories_2" xlink:title="label: Inventories to label_Inventories"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IssuedCapitalMember" xlink:label="IssuedCapitalMember" xlink:title="IssuedCapitalMember"/>
    <label xlink:type="resource" xlink:label="label_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuedCapitalMember" xml:lang="en-US" id="label_IssuedCapitalMember">Issued capital [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember" xlink:title="label: IssuedCapitalMember to label_IssuedCapitalMember"/>
    <label xlink:type="resource" xlink:label="label_IssuedCapitalMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapitalMember" xml:lang="en-US" id="label_IssuedCapitalMember_2">Issued share Capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember_2" xlink:title="label: IssuedCapitalMember to label_IssuedCapitalMember"/>
    <label xlink:type="resource" xlink:label="label_IssuedCapitalMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IssuedCapitalMember" xml:lang="en-US" id="label_IssuedCapitalMember_3">Common Shares issued and fully paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember_3" xlink:title="label: IssuedCapitalMember to label_IssuedCapitalMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IssuedCapital" xlink:label="IssuedCapital" xlink:title="IssuedCapital"/>
    <label xlink:type="resource" xlink:label="label_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_IssuedCapital" xml:lang="en-US" id="label_IssuedCapital">As at December 31,</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapital" xlink:to="label_IssuedCapital" xlink:title="label: IssuedCapital to label_IssuedCapital"/>
    <label xlink:type="resource" xlink:label="label_IssuedCapital_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_IssuedCapital" xml:lang="en-US" id="label_IssuedCapital_2">As at December 31,</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapital" xlink:to="label_IssuedCapital_2" xlink:title="label: IssuedCapital to label_IssuedCapital"/>
    <label xlink:type="resource" xlink:label="label_IssuedCapital_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuedCapital" xml:lang="en-US" id="label_IssuedCapital_3">Issued Capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapital" xlink:to="label_IssuedCapital_3" xlink:title="label: IssuedCapital to label_IssuedCapital"/>
    <label xlink:type="resource" xlink:label="label_IssuedCapital_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapital" xml:lang="en-US" id="label_IssuedCapital_4">Issued share capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapital" xlink:to="label_IssuedCapital_4" xlink:title="label: IssuedCapital to label_IssuedCapital"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:label="KeyManagementPersonnelCompensationSharebasedPayment" xlink:title="KeyManagementPersonnelCompensationSharebasedPayment"/>
    <label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KeyManagementPersonnelCompensationSharebasedPayment" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationSharebasedPayment">Key management personnel compensation, share-based payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="label_KeyManagementPersonnelCompensationSharebasedPayment" xlink:title="label: KeyManagementPersonnelCompensationSharebasedPayment to label_KeyManagementPersonnelCompensationSharebasedPayment"/>
    <label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationSharebasedPayment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelCompensationSharebasedPayment" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationSharebasedPayment_2">Share-based payments (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="label_KeyManagementPersonnelCompensationSharebasedPayment_2" xlink:title="label: KeyManagementPersonnelCompensationSharebasedPayment to label_KeyManagementPersonnelCompensationSharebasedPayment"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:label="KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:title="KeyManagementPersonnelCompensationShorttermEmployeeBenefits"/>
    <label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits">Key management personnel compensation, short-term employee benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:title="label: KeyManagementPersonnelCompensationShorttermEmployeeBenefits to label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits"/>
    <label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_2">Short-term employee benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_2" xlink:title="label: KeyManagementPersonnelCompensationShorttermEmployeeBenefits to label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensation" xlink:label="KeyManagementPersonnelCompensation" xlink:title="KeyManagementPersonnelCompensation"/>
    <label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KeyManagementPersonnelCompensation" xml:lang="en-US" id="label_KeyManagementPersonnelCompensation">Key management personnel compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensation" xlink:to="label_KeyManagementPersonnelCompensation" xlink:title="label: KeyManagementPersonnelCompensation to label_KeyManagementPersonnelCompensation"/>
    <label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelCompensation" xml:lang="en-US" id="label_KeyManagementPersonnelCompensation_2">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensation" xlink:to="label_KeyManagementPersonnelCompensation_2" xlink:title="label: KeyManagementPersonnelCompensation to label_KeyManagementPersonnelCompensation"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:label="KeyManagementPersonnelOfEntityOrParentMember" xlink:title="KeyManagementPersonnelOfEntityOrParentMember"/>
    <label xlink:type="resource" xlink:label="label_KeyManagementPersonnelOfEntityOrParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KeyManagementPersonnelOfEntityOrParentMember" xml:lang="en-US" id="label_KeyManagementPersonnelOfEntityOrParentMember">Key management personnel of entity or parent [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelOfEntityOrParentMember" xlink:to="label_KeyManagementPersonnelOfEntityOrParentMember" xlink:title="label: KeyManagementPersonnelOfEntityOrParentMember to label_KeyManagementPersonnelOfEntityOrParentMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LeasesAsLesseeRelatedPartyTransactions" xlink:label="LeasesAsLesseeRelatedPartyTransactions" xlink:title="LeasesAsLesseeRelatedPartyTransactions"/>
    <label xlink:type="resource" xlink:label="label_LeasesAsLesseeRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeasesAsLesseeRelatedPartyTransactions" xml:lang="en-US" id="label_LeasesAsLesseeRelatedPartyTransactions">Leases As Lessee Related Party Transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeasesAsLesseeRelatedPartyTransactions" xlink:to="label_LeasesAsLesseeRelatedPartyTransactions" xlink:title="label: LeasesAsLesseeRelatedPartyTransactions to label_LeasesAsLesseeRelatedPartyTransactions"/>
    <label xlink:type="resource" xlink:label="label_LeasesAsLesseeRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeasesAsLesseeRelatedPartyTransactions" xml:lang="en-US" id="label_LeasesAsLesseeRelatedPartyTransactions_2">Rental expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeasesAsLesseeRelatedPartyTransactions" xlink:to="label_LeasesAsLesseeRelatedPartyTransactions_2" xlink:title="label: LeasesAsLesseeRelatedPartyTransactions to label_LeasesAsLesseeRelatedPartyTransactions"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Liabilities" xlink:label="Liabilities" xlink:title="Liabilities"/>
    <label xlink:type="resource" xlink:label="label_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Liabilities" xml:lang="en-US" id="label_Liabilities">Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:to="label_Liabilities" xlink:title="label: Liabilities to label_Liabilities"/>
    <label xlink:type="resource" xlink:label="label_Liabilities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Liabilities" xml:lang="en-US" id="label_Liabilities_2">TOTAL LIABILITIES</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:to="label_Liabilities_2" xlink:title="label: Liabilities to label_Liabilities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:label="LiabilityAssetOfDefinedBenefitPlans" xlink:title="LiabilityAssetOfDefinedBenefitPlans"/>
    <label xlink:type="resource" xlink:label="label_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilityAssetOfDefinedBenefitPlans" xml:lang="en-US" id="label_LiabilityAssetOfDefinedBenefitPlans">Net defined benefit liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityAssetOfDefinedBenefitPlans" xlink:to="label_LiabilityAssetOfDefinedBenefitPlans" xlink:title="label: LiabilityAssetOfDefinedBenefitPlans to label_LiabilityAssetOfDefinedBenefitPlans"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LongtermBorrowings" xlink:label="LongtermBorrowings" xlink:title="LongtermBorrowings"/>
    <label xlink:type="resource" xlink:label="label_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongtermBorrowings" xml:lang="en-US" id="label_LongtermBorrowings_2">Total Borrowings - Long-Term portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings" xlink:title="label: LongtermBorrowings to label_LongtermBorrowings"/>
    <label xlink:type="resource" xlink:label="label_LongtermBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongtermBorrowings" xml:lang="en-US" id="label_LongtermBorrowings_3">Long-term borrowings, net of current portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_2" xlink:title="label: LongtermBorrowings to label_LongtermBorrowings"/>
    <label xlink:type="resource" xlink:label="label_LongtermBorrowings_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongtermBorrowings" xml:lang="en-US" id="label_LongtermBorrowings">Long-term borrowings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_3" xlink:title="label: LongtermBorrowings to label_LongtermBorrowings"/>
    <label xlink:type="resource" xlink:label="label_LongtermBorrowings_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_LongtermBorrowings" xml:lang="en-US" id="label_LongtermBorrowings_4">Total Borrowings - Long-Term portion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_4" xlink:title="label: LongtermBorrowings to label_LongtermBorrowings"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_MaterialIncomeAndExpenseAbstract" xlink:label="MaterialIncomeAndExpenseAbstract" xlink:title="MaterialIncomeAndExpenseAbstract"/>
    <label xlink:type="resource" xlink:label="label_MaterialIncomeAndExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaterialIncomeAndExpenseAbstract" xml:lang="en-US" id="label_MaterialIncomeAndExpenseAbstract">EXPENSES &amp; OTHER OPERATING INCOME:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaterialIncomeAndExpenseAbstract" xlink:to="label_MaterialIncomeAndExpenseAbstract" xlink:title="label: MaterialIncomeAndExpenseAbstract to label_MaterialIncomeAndExpenseAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_MiscellaneousCurrentAssetsAbstract" xlink:label="MiscellaneousCurrentAssetsAbstract" xlink:title="MiscellaneousCurrentAssetsAbstract"/>
    <label xlink:type="resource" xlink:label="label_MiscellaneousCurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiscellaneousCurrentAssetsAbstract" xml:lang="en-US" id="label_MiscellaneousCurrentAssetsAbstract">Prepayments and other assets [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousCurrentAssetsAbstract" xlink:to="label_MiscellaneousCurrentAssetsAbstract" xlink:title="label: MiscellaneousCurrentAssetsAbstract to label_MiscellaneousCurrentAssetsAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_MiscellaneousCurrentLiabilitiesAbstract" xlink:label="MiscellaneousCurrentLiabilitiesAbstract" xlink:title="MiscellaneousCurrentLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:label="label_MiscellaneousCurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiscellaneousCurrentLiabilitiesAbstract" xml:lang="en-US" id="label_MiscellaneousCurrentLiabilitiesAbstract">Accrued liabilities and other payables [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousCurrentLiabilitiesAbstract" xlink:to="label_MiscellaneousCurrentLiabilitiesAbstract" xlink:title="label: MiscellaneousCurrentLiabilitiesAbstract to label_MiscellaneousCurrentLiabilitiesAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NameOfSubsidiary" xlink:label="NameOfSubsidiary" xlink:title="NameOfSubsidiary"/>
    <label xlink:type="resource" xlink:label="label_NameOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NameOfSubsidiary" xml:lang="en-US" id="label_NameOfSubsidiary">Name Of Subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NameOfSubsidiary" xlink:to="label_NameOfSubsidiary" xlink:title="label: NameOfSubsidiary to label_NameOfSubsidiary"/>
    <label xlink:type="resource" xlink:label="label_NameOfSubsidiary_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NameOfSubsidiary" xml:lang="en-US" id="label_NameOfSubsidiary_2">Vessel Owned</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NameOfSubsidiary" xlink:to="label_NameOfSubsidiary_2" xlink:title="label: NameOfSubsidiary to label_NameOfSubsidiary"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="NoncurrentAssetsAbstract" xlink:title="NoncurrentAssetsAbstract"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssetsAbstract" xml:lang="en-US" id="label_NoncurrentAssetsAbstract">Non-current assets [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsAbstract" xlink:to="label_NoncurrentAssetsAbstract" xlink:title="label: NoncurrentAssetsAbstract to label_NoncurrentAssetsAbstract"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentAssetsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentAssetsAbstract" xml:lang="en-US" id="label_NoncurrentAssetsAbstract_2">NON-CURRENT ASSETS</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsAbstract" xlink:to="label_NoncurrentAssetsAbstract_2" xlink:title="label: NoncurrentAssetsAbstract to label_NoncurrentAssetsAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentAssets" xlink:label="NoncurrentAssets" xlink:title="NoncurrentAssets"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssets" xml:lang="en-US" id="label_NoncurrentAssets">Non-current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets" xlink:title="label: NoncurrentAssets to label_NoncurrentAssets"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentAssets" xml:lang="en-US" id="label_NoncurrentAssets_2">Total non-current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets_2" xlink:title="label: NoncurrentAssets to label_NoncurrentAssets"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="NoncurrentLiabilitiesAbstract" xlink:title="NoncurrentLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLiabilitiesAbstract" xml:lang="en-US" id="label_NoncurrentLiabilitiesAbstract">Noncurrent Liabilities [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilitiesAbstract" xlink:to="label_NoncurrentLiabilitiesAbstract" xlink:title="label: NoncurrentLiabilitiesAbstract to label_NoncurrentLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentLiabilitiesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentLiabilitiesAbstract" xml:lang="en-US" id="label_NoncurrentLiabilitiesAbstract_2">NON-CURRENT LIABILITIES</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilitiesAbstract" xlink:to="label_NoncurrentLiabilitiesAbstract_2" xlink:title="label: NoncurrentLiabilitiesAbstract to label_NoncurrentLiabilitiesAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="NoncurrentLiabilities" xlink:title="NoncurrentLiabilities"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLiabilities" xml:lang="en-US" id="label_NoncurrentLiabilities">Non current liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities" xlink:title="label: NoncurrentLiabilities to label_NoncurrentLiabilities"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentLiabilities" xml:lang="en-US" id="label_NoncurrentLiabilities_2">Total non-current liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities_2" xlink:title="label: NoncurrentLiabilities to label_NoncurrentLiabilities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:label="NoncurrentProvisionsForEmployeeBenefits" xlink:title="NoncurrentProvisionsForEmployeeBenefits"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentProvisionsForEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentProvisionsForEmployeeBenefits" xml:lang="en-US" id="label_NoncurrentProvisionsForEmployeeBenefits">Non current Provisions For Employee Benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisionsForEmployeeBenefits" xlink:to="label_NoncurrentProvisionsForEmployeeBenefits" xlink:title="label: NoncurrentProvisionsForEmployeeBenefits to label_NoncurrentProvisionsForEmployeeBenefits"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentProvisionsForEmployeeBenefits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentProvisionsForEmployeeBenefits" xml:lang="en-US" id="label_NoncurrentProvisionsForEmployeeBenefits_2">Provision for staff retirement indemnities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisionsForEmployeeBenefits" xlink:to="label_NoncurrentProvisionsForEmployeeBenefits_2" xlink:title="label: NoncurrentProvisionsForEmployeeBenefits to label_NoncurrentProvisionsForEmployeeBenefits"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NumberOfSharesAuthorised" xlink:label="NumberOfSharesAuthorised" xlink:title="NumberOfSharesAuthorised"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesAuthorised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesAuthorised" xml:lang="en-US" id="label_NumberOfSharesAuthorised">Number Of Shares Authorised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesAuthorised" xlink:to="label_NumberOfSharesAuthorised" xlink:title="label: NumberOfSharesAuthorised to label_NumberOfSharesAuthorised"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesAuthorised_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesAuthorised" xml:lang="en-US" id="label_NumberOfSharesAuthorised_2">Number of shares authorised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesAuthorised" xlink:to="label_NumberOfSharesAuthorised_2" xlink:title="label: NumberOfSharesAuthorised to label_NumberOfSharesAuthorised"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NumberOfSharesIssuedAbstract" xlink:label="NumberOfSharesIssuedAbstract" xlink:title="NumberOfSharesIssuedAbstract"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesIssuedAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesIssuedAbstract" xml:lang="en-US" id="label_NumberOfSharesIssuedAbstract">Number of shares issued [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssuedAbstract" xlink:to="label_NumberOfSharesIssuedAbstract" xlink:title="label: NumberOfSharesIssuedAbstract to label_NumberOfSharesIssuedAbstract"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesIssuedAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesIssuedAbstract" xml:lang="en-US" id="label_NumberOfSharesIssuedAbstract_2">Number of shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssuedAbstract" xlink:to="label_NumberOfSharesIssuedAbstract_2" xlink:title="label: NumberOfSharesIssuedAbstract to label_NumberOfSharesIssuedAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:label="NumberOfSharesIssuedAndFullyPaid" xlink:title="NumberOfSharesIssuedAndFullyPaid"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_NumberOfSharesIssuedAndFullyPaid" xml:lang="en-US" id="label_NumberOfSharesIssuedAndFullyPaid">As at December 31,</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssuedAndFullyPaid" xlink:to="label_NumberOfSharesIssuedAndFullyPaid" xlink:title="label: NumberOfSharesIssuedAndFullyPaid to label_NumberOfSharesIssuedAndFullyPaid"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesIssuedAndFullyPaid_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_NumberOfSharesIssuedAndFullyPaid" xml:lang="en-US" id="label_NumberOfSharesIssuedAndFullyPaid_2">As at December 31,</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssuedAndFullyPaid" xlink:to="label_NumberOfSharesIssuedAndFullyPaid_2" xlink:title="label: NumberOfSharesIssuedAndFullyPaid to label_NumberOfSharesIssuedAndFullyPaid"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesIssuedAndFullyPaid_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesIssuedAndFullyPaid" xml:lang="en-US" id="label_NumberOfSharesIssuedAndFullyPaid_3">Number of shares issued and fully paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssuedAndFullyPaid" xlink:to="label_NumberOfSharesIssuedAndFullyPaid_3" xlink:title="label: NumberOfSharesIssuedAndFullyPaid to label_NumberOfSharesIssuedAndFullyPaid"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NumberOfSharesIssued" xlink:label="NumberOfSharesIssued" xlink:title="NumberOfSharesIssued"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_NumberOfSharesIssued" xml:lang="en-US" id="label_NumberOfSharesIssued">As at December 31,</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssued" xlink:to="label_NumberOfSharesIssued" xlink:title="label: NumberOfSharesIssued to label_NumberOfSharesIssued"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesIssued_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_NumberOfSharesIssued" xml:lang="en-US" id="label_NumberOfSharesIssued_2">As at December 31,</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssued" xlink:to="label_NumberOfSharesIssued_2" xlink:title="label: NumberOfSharesIssued to label_NumberOfSharesIssued"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesIssued_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesIssued" xml:lang="en-US" id="label_NumberOfSharesIssued_3">Number of shares issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssued" xlink:to="label_NumberOfSharesIssued_3" xlink:title="label: NumberOfSharesIssued to label_NumberOfSharesIssued"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NumberOfSharesOutstanding" xlink:label="NumberOfSharesOutstanding" xlink:title="NumberOfSharesOutstanding"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesOutstanding" xml:lang="en-US" id="label_NumberOfSharesOutstanding">Number Of Shares Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesOutstanding" xlink:to="label_NumberOfSharesOutstanding" xlink:title="label: NumberOfSharesOutstanding to label_NumberOfSharesOutstanding"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesOutstanding_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesOutstanding" xml:lang="en-US" id="label_NumberOfSharesOutstanding_2">Number of shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesOutstanding" xlink:to="label_NumberOfSharesOutstanding_2" xlink:title="label: NumberOfSharesOutstanding to label_NumberOfSharesOutstanding"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OfficeEquipment" xlink:label="OfficeEquipment" xlink:title="OfficeEquipment"/>
    <label xlink:type="resource" xlink:label="label_OfficeEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OfficeEquipment" xml:lang="en-US" id="label_OfficeEquipment">Office Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OfficeEquipment" xlink:to="label_OfficeEquipment" xlink:title="label: OfficeEquipment to label_OfficeEquipment"/>
    <label xlink:type="resource" xlink:label="label_OfficeEquipment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OfficeEquipment" xml:lang="en-US" id="label_OfficeEquipment_2">Office furniture and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OfficeEquipment" xlink:to="label_OfficeEquipment_2" xlink:title="label: OfficeEquipment to label_OfficeEquipment"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OperatingExpense" xlink:label="OperatingExpense" xlink:title="OperatingExpense"/>
    <label xlink:type="resource" xlink:label="label_OperatingExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingExpense" xml:lang="en-US" id="label_OperatingExpense_2">Operating Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingExpense" xlink:to="label_OperatingExpense_2" xlink:title="label: OperatingExpense to label_OperatingExpense"/>
    <label xlink:type="resource" xlink:label="label_OperatingExpense_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OperatingExpense" xml:lang="en-US" id="label_OperatingExpense_3">Vessel operating expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingExpense" xlink:to="label_OperatingExpense_3" xlink:title="label: OperatingExpense to label_OperatingExpense"/>
    <label xlink:type="resource" xlink:label="label_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OperatingExpense" xml:lang="en-US" id="label_OperatingExpense">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingExpense" xlink:to="label_OperatingExpense" xlink:title="label: OperatingExpense to label_OperatingExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OrdinarySharesMember" xlink:label="OrdinarySharesMember" xlink:title="OrdinarySharesMember"/>
    <label xlink:type="resource" xlink:label="label_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OrdinarySharesMember" xml:lang="en-US" id="label_OrdinarySharesMember">Ordinary shares [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrdinarySharesMember" xlink:to="label_OrdinarySharesMember" xlink:title="label: OrdinarySharesMember to label_OrdinarySharesMember"/>
    <label xlink:type="resource" xlink:label="label_OrdinarySharesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OrdinarySharesMember" xml:lang="en-US" id="label_OrdinarySharesMember_2">Common Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrdinarySharesMember" xlink:to="label_OrdinarySharesMember_2" xlink:title="label: OrdinarySharesMember to label_OrdinarySharesMember"/>
    <label xlink:type="resource" xlink:label="label_OrdinarySharesMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OrdinarySharesMember" xml:lang="en-US" id="label_OrdinarySharesMember_3">Common Shares issued and fully paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrdinarySharesMember" xlink:to="label_OrdinarySharesMember_3" xlink:title="label: OrdinarySharesMember to label_OrdinarySharesMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="OtherComprehensiveIncome" xlink:title="OtherComprehensiveIncome"/>
    <label xlink:type="resource" xlink:label="label_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncome" xml:lang="en-US" id="label_OtherComprehensiveIncome">Other Comprehensive Income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncome" xlink:title="label: OtherComprehensiveIncome to label_OtherComprehensiveIncome"/>
    <label xlink:type="resource" xlink:label="label_OtherComprehensiveIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncome" xml:lang="en-US" id="label_OtherComprehensiveIncome_2">Other comprehensive income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncome_2" xlink:title="label: OtherComprehensiveIncome to label_OtherComprehensiveIncome"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherCurrentPayables" xlink:label="OtherCurrentPayables" xlink:title="OtherCurrentPayables"/>
    <label xlink:type="resource" xlink:label="label_OtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentPayables" xml:lang="en-US" id="label_OtherCurrentPayables">Other Current Payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentPayables" xlink:to="label_OtherCurrentPayables" xlink:title="label: OtherCurrentPayables to label_OtherCurrentPayables"/>
    <label xlink:type="resource" xlink:label="label_OtherCurrentPayables_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherCurrentPayables" xml:lang="en-US" id="label_OtherCurrentPayables_2">Other payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentPayables" xlink:to="label_OtherCurrentPayables_2" xlink:title="label: OtherCurrentPayables to label_OtherCurrentPayables"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherNoncurrentNonfinancialAssets" xlink:label="OtherNoncurrentNonfinancialAssets" xlink:title="OtherNoncurrentNonfinancialAssets"/>
    <label xlink:type="resource" xlink:label="label_OtherNoncurrentNonfinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentNonfinancialAssets" xml:lang="en-US" id="label_OtherNoncurrentNonfinancialAssets">Other Noncurrent Nonfinancial Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentNonfinancialAssets" xlink:to="label_OtherNoncurrentNonfinancialAssets" xlink:title="label: OtherNoncurrentNonfinancialAssets to label_OtherNoncurrentNonfinancialAssets"/>
    <label xlink:type="resource" xlink:label="label_OtherNoncurrentNonfinancialAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentNonfinancialAssets" xml:lang="en-US" id="label_OtherNoncurrentNonfinancialAssets_2">Other non-current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentNonfinancialAssets" xlink:to="label_OtherNoncurrentNonfinancialAssets_2" xlink:title="label: OtherNoncurrentNonfinancialAssets to label_OtherNoncurrentNonfinancialAssets"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="OtherOperatingIncomeExpense" xlink:title="OtherOperatingIncomeExpense"/>
    <label xlink:type="resource" xlink:label="label_OtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingIncomeExpense" xml:lang="en-US" id="label_OtherOperatingIncomeExpense">Other Operating Income Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpense" xlink:to="label_OtherOperatingIncomeExpense" xlink:title="label: OtherOperatingIncomeExpense to label_OtherOperatingIncomeExpense"/>
    <label xlink:type="resource" xlink:label="label_OtherOperatingIncomeExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherOperatingIncomeExpense" xml:lang="en-US" id="label_OtherOperatingIncomeExpense_2">Other income, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpense" xlink:to="label_OtherOperatingIncomeExpense_2" xlink:title="label: OtherOperatingIncomeExpense to label_OtherOperatingIncomeExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherRelatedPartiesMember" xlink:label="OtherRelatedPartiesMember" xlink:title="OtherRelatedPartiesMember"/>
    <label xlink:type="resource" xlink:label="label_OtherRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherRelatedPartiesMember" xml:lang="en-US" id="label_OtherRelatedPartiesMember">Other related parties [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRelatedPartiesMember" xlink:to="label_OtherRelatedPartiesMember" xlink:title="label: OtherRelatedPartiesMember to label_OtherRelatedPartiesMember"/>
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    <label xlink:type="resource" xlink:label="label_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferenceSharesMember" xml:lang="en-US" id="label_PreferenceSharesMember">Preference shares [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferenceSharesMember" xlink:to="label_PreferenceSharesMember" xlink:title="label: PreferenceSharesMember to label_PreferenceSharesMember"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProfessionalFeesExpense" xlink:label="ProfessionalFeesExpense" xlink:title="ProfessionalFeesExpense"/>
    <label xlink:type="resource" xlink:label="label_ProfessionalFeesExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfessionalFeesExpense" xml:lang="en-US" id="label_ProfessionalFeesExpense">Professional Fees Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfessionalFeesExpense" xlink:to="label_ProfessionalFeesExpense" xlink:title="label: ProfessionalFeesExpense to label_ProfessionalFeesExpense"/>
    <label xlink:type="resource" xlink:label="label_ProfessionalFeesExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfessionalFeesExpense" xml:lang="en-US" id="label_ProfessionalFeesExpense_2">Consulting fees</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:label="ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:title="ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity"/>
    <label xlink:type="resource" xlink:label="label_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xml:lang="en-US" id="label_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity">Profit (loss), attributable to ordinary equity holders of parent entity</label>
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    <label xlink:type="resource" xlink:label="label_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xml:lang="en-US" id="label_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_2">Loss attributable to common equity holders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:to="label_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_2" xlink:title="label: ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity to label_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="ProfitLossFromOperatingActivities" xlink:title="ProfitLossFromOperatingActivities"/>
    <label xlink:type="resource" xlink:label="label_ProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossFromOperatingActivities" xml:lang="en-US" id="label_ProfitLossFromOperatingActivities">Profit Loss From Operating Activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromOperatingActivities" xlink:to="label_ProfitLossFromOperatingActivities" xlink:title="label: ProfitLossFromOperatingActivities to label_ProfitLossFromOperatingActivities"/>
    <label xlink:type="resource" xlink:label="label_ProfitLossFromOperatingActivities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLossFromOperatingActivities" xml:lang="en-US" id="label_ProfitLossFromOperatingActivities_2">Operating loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromOperatingActivities" xlink:to="label_ProfitLossFromOperatingActivities_2" xlink:title="label: ProfitLossFromOperatingActivities to label_ProfitLossFromOperatingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProfitLoss" xlink:label="ProfitLoss" xlink:title="ProfitLoss"/>
    <label xlink:type="resource" xlink:label="label_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLoss" xml:lang="en-US" id="label_ProfitLoss">(Loss)/Net profit for the year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss" xlink:title="label: ProfitLoss to label_ProfitLoss"/>
    <label xlink:type="resource" xlink:label="label_ProfitLoss_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLoss" xml:lang="en-US" id="label_ProfitLoss_2">Loss for the period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_2" xlink:title="label: ProfitLoss to label_ProfitLoss"/>
    <label xlink:type="resource" xlink:label="label_ProfitLoss_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLoss" xml:lang="en-US" id="label_ProfitLoss_3">TOTAL LOSS FOR THE PERIOD</label>
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    <label xlink:type="resource" xlink:label="label_ProfitLoss_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProfitLoss" xml:lang="en-US" id="label_ProfitLoss_4">Profit for the year</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentMember" xlink:label="PropertyPlantAndEquipmentMember" xlink:title="PropertyPlantAndEquipmentMember"/>
    <label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentMember" xml:lang="en-US" id="label_PropertyPlantAndEquipmentMember">Property, plant and equipment [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentMember" xlink:to="label_PropertyPlantAndEquipmentMember" xlink:title="label: PropertyPlantAndEquipmentMember to label_PropertyPlantAndEquipmentMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:title="PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:label="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US" id="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities">Purchase of property, plant and equipment, classified as investing activities</label>
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    <label xlink:type="resource" xlink:label="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US" id="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_2">Vessel purchase price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_2" xlink:title="label: PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities to label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:label="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US" id="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_3">Purchase of vessel equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_3" xlink:title="label: PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities to label_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RelatedPartiesMember" xlink:label="RelatedPartiesMember" xlink:title="RelatedPartiesMember"/>
    <label xlink:type="resource" xlink:label="label_RelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartiesMember" xml:lang="en-US" id="label_RelatedPartiesMember">Related parties [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartiesMember" xlink:to="label_RelatedPartiesMember" xlink:title="label: RelatedPartiesMember to label_RelatedPartiesMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RelatedPartyTransactionsAbstract" xlink:label="RelatedPartyTransactionsAbstract" xlink:title="RelatedPartyTransactionsAbstract"/>
    <label xlink:type="resource" xlink:label="label_RelatedPartyTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionsAbstract" xml:lang="en-US" id="label_RelatedPartyTransactionsAbstract">Related party transactions [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsAbstract" xlink:to="label_RelatedPartyTransactionsAbstract" xlink:title="label: RelatedPartyTransactionsAbstract to label_RelatedPartyTransactionsAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:title="RepaymentsOfBorrowingsClassifiedAsFinancingActivities"/>
    <label xlink:type="resource" xlink:label="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US" id="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_3">Repayment of long-term debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_2" xlink:title="label: RepaymentsOfBorrowingsClassifiedAsFinancingActivities to label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities"/>
    <label xlink:type="resource" xlink:label="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US" id="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities">Repayments of debt</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_4" xlink:title="label: RepaymentsOfBorrowingsClassifiedAsFinancingActivities to label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RestrictedCashAndCashEquivalents" xlink:label="RestrictedCashAndCashEquivalents" xlink:title="RestrictedCashAndCashEquivalents"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember" xlink:title="label: RetainedEarningsMember to label_RetainedEarningsMember"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RevenueFromRenderingOfInformationTechnologyConsultingServices" xlink:label="RevenueFromRenderingOfInformationTechnologyConsultingServices" xlink:title="RevenueFromRenderingOfInformationTechnologyConsultingServices"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RevenueFromRenderingOfServices" xlink:label="RevenueFromRenderingOfServices" xlink:title="RevenueFromRenderingOfServices"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue" xlink:title="label: Revenue to label_Revenue"/>
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    <label xlink:type="resource" xlink:label="label_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharePremiumMember" xml:lang="en-US" id="label_SharePremiumMember">Share premium [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremiumMember" xlink:to="label_SharePremiumMember" xlink:title="label: SharePremiumMember to label_SharePremiumMember"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_SharePremium" xlink:label="SharePremium" xlink:title="SharePremium"/>
    <label xlink:type="resource" xlink:label="label_SharePremium" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharePremium" xml:lang="en-US" id="label_SharePremium">Share Premium</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremium" xlink:to="label_SharePremium" xlink:title="label: SharePremium to label_SharePremium"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremium" xlink:to="label_SharePremium_2" xlink:title="label: SharePremium to label_SharePremium"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ShipsMember" xlink:label="ShipsMember" xlink:title="ShipsMember"/>
    <label xlink:type="resource" xlink:label="label_ShipsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShipsMember" xml:lang="en-US" id="label_ShipsMember">Ships [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShipsMember" xlink:to="label_ShipsMember" xlink:title="label: ShipsMember to label_ShipsMember"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Ships" xlink:label="Ships" xlink:title="Ships"/>
    <label xlink:type="resource" xlink:label="label_Ships" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_Ships" xml:lang="en-US" id="label_Ships">Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Ships" xlink:to="label_Ships" xlink:title="label: Ships to label_Ships"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Ships" xlink:to="label_Ships_2" xlink:title="label: Ships to label_Ships"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Ships" xlink:to="label_Ships_3" xlink:title="label: Ships to label_Ships"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermBorrowings" xlink:to="label_ShorttermBorrowings" xlink:title="label: ShorttermBorrowings to label_ShorttermBorrowings"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_TradeAndOtherCurrentPayables" xlink:label="TradeAndOtherCurrentPayables" xlink:title="TradeAndOtherCurrentPayables"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayables" xlink:to="label_TradeAndOtherCurrentPayables" xlink:title="label: TradeAndOtherCurrentPayables to label_TradeAndOtherCurrentPayables"/>
    <label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayables_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherCurrentPayables" xml:lang="en-US" id="label_TradeAndOtherCurrentPayables_2">Trade accounts payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayables" xlink:to="label_TradeAndOtherCurrentPayables_2" xlink:title="label: TradeAndOtherCurrentPayables to label_TradeAndOtherCurrentPayables"/>
    <label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayables_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TradeAndOtherCurrentPayables" xml:lang="en-US" id="label_TradeAndOtherCurrentPayables_3">Trade payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayables" xlink:to="label_TradeAndOtherCurrentPayables_3" xlink:title="label: TradeAndOtherCurrentPayables to label_TradeAndOtherCurrentPayables"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_TradeAndOtherCurrentReceivables" xlink:label="TradeAndOtherCurrentReceivables" xlink:title="TradeAndOtherCurrentReceivables"/>
    <label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherCurrentReceivables" xml:lang="en-US" id="label_TradeAndOtherCurrentReceivables">Trade And Other Current Receivables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentReceivables" xlink:to="label_TradeAndOtherCurrentReceivables" xlink:title="label: TradeAndOtherCurrentReceivables to label_TradeAndOtherCurrentReceivables"/>
    <label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentReceivables_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherCurrentReceivables" xml:lang="en-US" id="label_TradeAndOtherCurrentReceivables_2">Trade receivables, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentReceivables" xlink:to="label_TradeAndOtherCurrentReceivables_2" xlink:title="label: TradeAndOtherCurrentReceivables to label_TradeAndOtherCurrentReceivables"/>
    <label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentReceivables_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TradeAndOtherCurrentReceivables" xml:lang="en-US" id="label_TradeAndOtherCurrentReceivables_3">Trade receivables, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentReceivables" xlink:to="label_TradeAndOtherCurrentReceivables_3" xlink:title="label: TradeAndOtherCurrentReceivables to label_TradeAndOtherCurrentReceivables"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_TradeAndOtherPayablesAbstract" xlink:label="TradeAndOtherPayablesAbstract" xlink:title="TradeAndOtherPayablesAbstract"/>
    <label xlink:type="resource" xlink:label="label_TradeAndOtherPayablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherPayablesAbstract" xml:lang="en-US" id="label_TradeAndOtherPayablesAbstract">Trade accounts payable [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherPayablesAbstract" xlink:to="label_TradeAndOtherPayablesAbstract" xlink:title="label: TradeAndOtherPayablesAbstract to label_TradeAndOtherPayablesAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_TransportationExpense" xlink:label="TransportationExpense" xlink:title="TransportationExpense"/>
    <label xlink:type="resource" xlink:label="label_TransportationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransportationExpense" xml:lang="en-US" id="label_TransportationExpense">Transportation Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportationExpense" xlink:to="label_TransportationExpense" xlink:title="label: TransportationExpense to label_TransportationExpense"/>
    <label xlink:type="resource" xlink:label="label_TransportationExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_TransportationExpense" xml:lang="en-US" id="label_TransportationExpense_2">Voyage expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportationExpense" xlink:to="label_TransportationExpense_2" xlink:title="label: TransportationExpense to label_TransportationExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_UndrawnBorrowingFacilities" xlink:label="UndrawnBorrowingFacilities" xlink:title="UndrawnBorrowingFacilities"/>
    <label xlink:type="resource" xlink:label="label_UndrawnBorrowingFacilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UndrawnBorrowingFacilities" xml:lang="en-US" id="label_UndrawnBorrowingFacilities_2">Undrawn borrowing facilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UndrawnBorrowingFacilities" xlink:to="label_UndrawnBorrowingFacilities_2" xlink:title="label: UndrawnBorrowingFacilities to label_UndrawnBorrowingFacilities"/>
    <label xlink:type="resource" xlink:label="label_UndrawnBorrowingFacilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UndrawnBorrowingFacilities" xml:lang="en-US" id="label_UndrawnBorrowingFacilities">Credit Facility, Remaining borrowing capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UndrawnBorrowingFacilities" xlink:to="label_UndrawnBorrowingFacilities" xlink:title="label: UndrawnBorrowingFacilities to label_UndrawnBorrowingFacilities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_WeightedAverageShares" xlink:label="WeightedAverageShares" xlink:title="WeightedAverageShares"/>
    <label xlink:type="resource" xlink:label="label_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageShares" xml:lang="en-US" id="label_WeightedAverageShares">Weighted average number of ordinary shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageShares" xlink:to="label_WeightedAverageShares" xlink:title="label: WeightedAverageShares to label_WeightedAverageShares"/>
    <label xlink:type="resource" xlink:label="label_WeightedAverageShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WeightedAverageShares" xml:lang="en-US" id="label_WeightedAverageShares_2">Weighted average number of shares for basic and diluted LPS</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageShares" xlink:to="label_WeightedAverageShares_2" xlink:title="label: WeightedAverageShares to label_WeightedAverageShares"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentPaymentPeriodFourMember" xlink:label="DebtInstrumentPaymentPeriodFourMember" xlink:title="DebtInstrumentPaymentPeriodFourMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPaymentPeriodFourMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodFourMember">Debt Instrument Payment Reriod Four [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodFourMember" xlink:to="label_DebtInstrumentPaymentPeriodFourMember" xlink:title="label: DebtInstrumentPaymentPeriodFourMember to label_DebtInstrumentPaymentPeriodFourMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodFourMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPaymentPeriodFourMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodFourMember_2">Later than three years and not later than four years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodFourMember" xlink:to="label_DebtInstrumentPaymentPeriodFourMember_2" xlink:title="label: DebtInstrumentPaymentPeriodFourMember to label_DebtInstrumentPaymentPeriodFourMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentPaymentPeriodFiveMember" xlink:label="DebtInstrumentPaymentPeriodFiveMember" xlink:title="DebtInstrumentPaymentPeriodFiveMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodFiveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPaymentPeriodFiveMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodFiveMember">Debt Instrument Payment Period Five [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodFiveMember" xlink:to="label_DebtInstrumentPaymentPeriodFiveMember" xlink:title="label: DebtInstrumentPaymentPeriodFiveMember to label_DebtInstrumentPaymentPeriodFiveMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodFiveMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPaymentPeriodFiveMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodFiveMember_2">Later than four years and not later than five years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodFiveMember" xlink:to="label_DebtInstrumentPaymentPeriodFiveMember_2" xlink:title="label: DebtInstrumentPaymentPeriodFiveMember to label_DebtInstrumentPaymentPeriodFiveMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentPaymentPeriodSixMember" xlink:label="DebtInstrumentPaymentPeriodSixMember" xlink:title="DebtInstrumentPaymentPeriodSixMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodSixMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPaymentPeriodSixMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodSixMember">Debt Instrument Payment Period Six [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodSixMember" xlink:to="label_DebtInstrumentPaymentPeriodSixMember" xlink:title="label: DebtInstrumentPaymentPeriodSixMember to label_DebtInstrumentPaymentPeriodSixMember"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPaymentPeriodSixMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPaymentPeriodSixMember" xml:lang="en-US" id="label_DebtInstrumentPaymentPeriodSixMember_2">Later than five years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentPeriodSixMember" xlink:to="label_DebtInstrumentPaymentPeriodSixMember_2" xlink:title="label: DebtInstrumentPaymentPeriodSixMember to label_DebtInstrumentPaymentPeriodSixMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="BorrowingsByNameAxis" xlink:title="BorrowingsByNameAxis"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsByNameAxis" xml:lang="en-US" id="label_BorrowingsByNameAxis">Borrowings by name [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsByNameAxis" xlink:to="label_BorrowingsByNameAxis" xlink:title="label: BorrowingsByNameAxis to label_BorrowingsByNameAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BorrowingsByNameMember" xlink:label="BorrowingsByNameMember" xlink:title="BorrowingsByNameMember"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsByNameMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsByNameMember" xml:lang="en-US" id="label_BorrowingsByNameMember">Borrowings by name [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsByNameMember" xlink:to="label_BorrowingsByNameMember" xlink:title="label: BorrowingsByNameMember to label_BorrowingsByNameMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_HSHNordbankAGLoanAgreementMember" xlink:label="HSHNordbankAGLoanAgreementMember" xlink:title="HSHNordbankAGLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_HSHNordbankAGLoanAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HSHNordbankAGLoanAgreementMember" xml:lang="en-US" id="label_HSHNordbankAGLoanAgreementMember">HSH Nordbank AG Loan Agreement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordbankAGLoanAgreementMember" xlink:to="label_HSHNordbankAGLoanAgreementMember" xlink:title="label: HSHNordbankAGLoanAgreementMember to label_HSHNordbankAGLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_HSHNordbankAGLoanAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HSHNordbankAGLoanAgreementMember" xml:lang="en-US" id="label_HSHNordbankAGLoanAgreementMember_2">HSH Bank</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordbankAGLoanAgreementMember" xlink:to="label_HSHNordbankAGLoanAgreementMember_2" xlink:title="label: HSHNordbankAGLoanAgreementMember to label_HSHNordbankAGLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_HSHNordbankAGLoanAgreementMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_HSHNordbankAGLoanAgreementMember" xml:lang="en-US" id="label_HSHNordbankAGLoanAgreementMember_3">HSH Nordbank AG</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordbankAGLoanAgreementMember" xlink:to="label_HSHNordbankAGLoanAgreementMember_3" xlink:title="label: HSHNordbankAGLoanAgreementMember to label_HSHNordbankAGLoanAgreementMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CommerzbankLoanAgreementMember" xlink:label="CommerzbankLoanAgreementMember" xlink:title="CommerzbankLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_CommerzbankLoanAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommerzbankLoanAgreementMember" xml:lang="en-US" id="label_CommerzbankLoanAgreementMember">Commerzbank Loan Agreement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommerzbankLoanAgreementMember" xlink:to="label_CommerzbankLoanAgreementMember" xlink:title="label: CommerzbankLoanAgreementMember to label_CommerzbankLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_CommerzbankLoanAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommerzbankLoanAgreementMember" xml:lang="en-US" id="label_CommerzbankLoanAgreementMember_2">Commerzbank</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommerzbankLoanAgreementMember" xlink:to="label_CommerzbankLoanAgreementMember_2" xlink:title="label: CommerzbankLoanAgreementMember to label_CommerzbankLoanAgreementMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_FirmentTradingLimitedLoanAgreementMember" xlink:label="FirmentTradingLimitedLoanAgreementMember" xlink:title="FirmentTradingLimitedLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentTradingLimitedLoanAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirmentTradingLimitedLoanAgreementMember" xml:lang="en-US" id="label_FirmentTradingLimitedLoanAgreementMember">Firment Trading Limited Loan Agreement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentTradingLimitedLoanAgreementMember" xlink:to="label_FirmentTradingLimitedLoanAgreementMember" xlink:title="label: FirmentTradingLimitedLoanAgreementMember to label_FirmentTradingLimitedLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentTradingLimitedLoanAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirmentTradingLimitedLoanAgreementMember" xml:lang="en-US" id="label_FirmentTradingLimitedLoanAgreementMember_2">Firment Trading Limited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentTradingLimitedLoanAgreementMember" xlink:to="label_FirmentTradingLimitedLoanAgreementMember_2" xlink:title="label: FirmentTradingLimitedLoanAgreementMember to label_FirmentTradingLimitedLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentTradingLimitedLoanAgreementMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FirmentTradingLimitedLoanAgreementMember" xml:lang="en-US" id="label_FirmentTradingLimitedLoanAgreementMember_3">Firment Shipping Credit Facility</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentTradingLimitedLoanAgreementMember" xlink:to="label_FirmentTradingLimitedLoanAgreementMember_3" xlink:title="label: FirmentTradingLimitedLoanAgreementMember to label_FirmentTradingLimitedLoanAgreementMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_SilanerInvestmentsLimitedLoanAgreementMember" xlink:label="SilanerInvestmentsLimitedLoanAgreementMember" xlink:title="SilanerInvestmentsLimitedLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_SilanerInvestmentsLimitedLoanAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SilanerInvestmentsLimitedLoanAgreementMember" xml:lang="en-US" id="label_SilanerInvestmentsLimitedLoanAgreementMember">Silaner Investments Limited Loan Agreement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SilanerInvestmentsLimitedLoanAgreementMember" xlink:to="label_SilanerInvestmentsLimitedLoanAgreementMember" xlink:title="label: SilanerInvestmentsLimitedLoanAgreementMember to label_SilanerInvestmentsLimitedLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_SilanerInvestmentsLimitedLoanAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SilanerInvestmentsLimitedLoanAgreementMember" xml:lang="en-US" id="label_SilanerInvestmentsLimitedLoanAgreementMember_2">Silaner Investments Limited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SilanerInvestmentsLimitedLoanAgreementMember" xlink:to="label_SilanerInvestmentsLimitedLoanAgreementMember_2" xlink:title="label: SilanerInvestmentsLimitedLoanAgreementMember to label_SilanerInvestmentsLimitedLoanAgreementMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_MaturityAxis" xlink:label="MaturityAxis" xlink:title="MaturityAxis"/>
    <label xlink:type="resource" xlink:label="label_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityAxis" xml:lang="en-US" id="label_MaturityAxis">Maturity [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityAxis" xlink:to="label_MaturityAxis" xlink:title="label: MaturityAxis to label_MaturityAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AggregatedTimeBandsMember" xlink:label="AggregatedTimeBandsMember" xlink:title="AggregatedTimeBandsMember"/>
    <label xlink:type="resource" xlink:label="label_AggregatedTimeBandsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AggregatedTimeBandsMember" xml:lang="en-US" id="label_AggregatedTimeBandsMember">Aggregated Time Bands [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AggregatedTimeBandsMember" xlink:to="label_AggregatedTimeBandsMember" xlink:title="label: AggregatedTimeBandsMember to label_AggregatedTimeBandsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="NotLaterThanOneYearMember" xlink:title="NotLaterThanOneYearMember"/>
    <label xlink:type="resource" xlink:label="label_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotLaterThanOneYearMember" xml:lang="en-US" id="label_NotLaterThanOneYearMember">Not later than one year [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanOneYearMember" xlink:to="label_NotLaterThanOneYearMember" xlink:title="label: NotLaterThanOneYearMember to label_NotLaterThanOneYearMember"/>
    <label xlink:type="resource" xlink:label="label_NotLaterThanOneYearMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotLaterThanOneYearMember" xml:lang="en-US" id="label_NotLaterThanOneYearMember_2">Not later than one year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanOneYearMember" xlink:to="label_NotLaterThanOneYearMember_2" xlink:title="label: NotLaterThanOneYearMember to label_NotLaterThanOneYearMember"/>
    <label xlink:type="resource" xlink:label="label_NotLaterThanOneYearMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NotLaterThanOneYearMember" xml:lang="en-US" id="label_NotLaterThanOneYearMember_3">Within one year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanOneYearMember" xlink:to="label_NotLaterThanOneYearMember_3" xlink:title="label: NotLaterThanOneYearMember to label_NotLaterThanOneYearMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:title="LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanTwoYearsMember">Later than one year and not later than two years [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:title="label: LaterThanOneYearAndNotLaterThanTwoYearsMember to label_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_2">Later than one year and not later than two years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_2" xlink:title="label: LaterThanOneYearAndNotLaterThanTwoYearsMember to label_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_3">2019</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_3" xlink:title="label: LaterThanOneYearAndNotLaterThanTwoYearsMember to label_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:label="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:title="LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xml:lang="en-US" id="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember">Later than two years and not later than three years [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:title="label: LaterThanTwoYearsAndNotLaterThanThreeYearsMember to label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xml:lang="en-US" id="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_2">Later than two years and not later than three years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_2" xlink:title="label: LaterThanTwoYearsAndNotLaterThanThreeYearsMember to label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xml:lang="en-US" id="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_3">2020</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_3" xlink:title="label: LaterThanTwoYearsAndNotLaterThanThreeYearsMember to label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:label="LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:title="LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xml:lang="en-US" id="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember">Later than three years and not later than four years [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:title="label: LaterThanThreeYearsAndNotLaterThanFourYearsMember to label_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xml:lang="en-US" id="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_2">Later than three years and not later than four years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_2" xlink:title="label: LaterThanThreeYearsAndNotLaterThanFourYearsMember to label_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xml:lang="en-US" id="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_3">2021</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_3" xlink:title="label: LaterThanThreeYearsAndNotLaterThanFourYearsMember to label_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:label="LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:title="LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember">Later than four years and not later than five years [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:title="label: LaterThanFourYearsAndNotLaterThanFiveYearsMember to label_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_2">Later than four years and not later than five years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_2" xlink:title="label: LaterThanFourYearsAndNotLaterThanFiveYearsMember to label_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_3">2022</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_3" xlink:title="label: LaterThanFourYearsAndNotLaterThanFiveYearsMember to label_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="LaterThanFiveYearsMember" xlink:title="LaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanFiveYearsMember">Later than five years [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFiveYearsMember" xlink:to="label_LaterThanFiveYearsMember" xlink:title="label: LaterThanFiveYearsMember to label_LaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanFiveYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanFiveYearsMember_2">More than 5 years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFiveYearsMember" xlink:to="label_LaterThanFiveYearsMember_2" xlink:title="label: LaterThanFiveYearsMember to label_LaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanFiveYearsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanFiveYearsMember_3">More than five years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFiveYearsMember" xlink:to="label_LaterThanFiveYearsMember_3" xlink:title="label: LaterThanFiveYearsMember to label_LaterThanFiveYearsMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_PeriodOfInterestRatesAxis" xlink:label="PeriodOfInterestRatesAxis" xlink:title="PeriodOfInterestRatesAxis"/>
    <label xlink:type="resource" xlink:label="label_PeriodOfInterestRatesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOfInterestRatesAxis" xml:lang="en-US" id="label_PeriodOfInterestRatesAxis">Period Of Interest Rates [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfInterestRatesAxis" xlink:to="label_PeriodOfInterestRatesAxis" xlink:title="label: PeriodOfInterestRatesAxis to label_PeriodOfInterestRatesAxis"/>
    <label xlink:type="resource" xlink:label="label_PeriodOfInterestRatesAxis_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOfInterestRatesAxis" xml:lang="en-US" id="label_PeriodOfInterestRatesAxis_2">Information about the period of the interest rates.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfInterestRatesAxis" xlink:to="label_PeriodOfInterestRatesAxis_2" xlink:title="label: PeriodOfInterestRatesAxis to label_PeriodOfInterestRatesAxis"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_PeriodOfInterestRatesMember" xlink:label="PeriodOfInterestRatesMember" xlink:title="PeriodOfInterestRatesMember"/>
    <label xlink:type="resource" xlink:label="label_PeriodOfInterestRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOfInterestRatesMember" xml:lang="en-US" id="label_PeriodOfInterestRatesMember">Period Of Interest Rates [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfInterestRatesMember" xlink:to="label_PeriodOfInterestRatesMember" xlink:title="label: PeriodOfInterestRatesMember to label_PeriodOfInterestRatesMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_InterestPeriodThreeMonthsMember" xlink:label="InterestPeriodThreeMonthsMember" xlink:title="InterestPeriodThreeMonthsMember"/>
    <label xlink:type="resource" xlink:label="label_InterestPeriodThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestPeriodThreeMonthsMember" xml:lang="en-US" id="label_InterestPeriodThreeMonthsMember">Interest periods of 3 months</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPeriodThreeMonthsMember" xlink:to="label_InterestPeriodThreeMonthsMember" xlink:title="label: InterestPeriodThreeMonthsMember to label_InterestPeriodThreeMonthsMember"/>
    <label xlink:type="resource" xlink:label="label_InterestPeriodThreeMonthsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPeriodThreeMonthsMember" xml:lang="en-US" id="label_InterestPeriodThreeMonthsMember_2">Interest Period Three Months [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPeriodThreeMonthsMember" xlink:to="label_InterestPeriodThreeMonthsMember_2" xlink:title="label: InterestPeriodThreeMonthsMember to label_InterestPeriodThreeMonthsMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_InterestPeriodOneMonthMember" xlink:label="InterestPeriodOneMonthMember" xlink:title="InterestPeriodOneMonthMember"/>
    <label xlink:type="resource" xlink:label="label_InterestPeriodOneMonthMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPeriodOneMonthMember" xml:lang="en-US" id="label_InterestPeriodOneMonthMember">Interest Period One Month [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPeriodOneMonthMember" xlink:to="label_InterestPeriodOneMonthMember" xlink:title="label: InterestPeriodOneMonthMember to label_InterestPeriodOneMonthMember"/>
    <label xlink:type="resource" xlink:label="label_InterestPeriodOneMonthMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestPeriodOneMonthMember" xml:lang="en-US" id="label_InterestPeriodOneMonthMember_2">Interest periods of 1 month</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPeriodOneMonthMember" xlink:to="label_InterestPeriodOneMonthMember_2" xlink:title="label: InterestPeriodOneMonthMember to label_InterestPeriodOneMonthMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BorrowingsInterestRateBasis" xlink:label="BorrowingsInterestRateBasis" xlink:title="BorrowingsInterestRateBasis"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsInterestRateBasis" xml:lang="en-US" id="label_BorrowingsInterestRateBasis">Borrowings Interest Rate Basis</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRateBasis" xlink:to="label_BorrowingsInterestRateBasis" xlink:title="label: BorrowingsInterestRateBasis to label_BorrowingsInterestRateBasis"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsInterestRateBasis_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsInterestRateBasis" xml:lang="en-US" id="label_BorrowingsInterestRateBasis_2">Borrowings, interest rate basis</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRateBasis" xlink:to="label_BorrowingsInterestRateBasis_2" xlink:title="label: BorrowingsInterestRateBasis to label_BorrowingsInterestRateBasis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:label="BorrowingsAdjustmentToInterestRateBasis" xlink:title="BorrowingsAdjustmentToInterestRateBasis"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsAdjustmentToInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsAdjustmentToInterestRateBasis" xml:lang="en-US" id="label_BorrowingsAdjustmentToInterestRateBasis">Borrowings, adjustment to interest rate basis</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsAdjustmentToInterestRateBasis" xlink:to="label_BorrowingsAdjustmentToInterestRateBasis" xlink:title="label: BorrowingsAdjustmentToInterestRateBasis to label_BorrowingsAdjustmentToInterestRateBasis"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BorrowingsNumberOfPeriodicPayments" xlink:label="BorrowingsNumberOfPeriodicPayments" xlink:title="BorrowingsNumberOfPeriodicPayments"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsNumberOfPeriodicPayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BorrowingsNumberOfPeriodicPayments" xml:lang="en-US" id="label_BorrowingsNumberOfPeriodicPayments">The number of periodic payments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsNumberOfPeriodicPayments" xlink:to="label_BorrowingsNumberOfPeriodicPayments" xlink:title="label: BorrowingsNumberOfPeriodicPayments to label_BorrowingsNumberOfPeriodicPayments"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsNumberOfPeriodicPayments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsNumberOfPeriodicPayments" xml:lang="en-US" id="label_BorrowingsNumberOfPeriodicPayments_2">Number of periodic payments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsNumberOfPeriodicPayments" xlink:to="label_BorrowingsNumberOfPeriodicPayments_2" xlink:title="label: BorrowingsNumberOfPeriodicPayments to label_BorrowingsNumberOfPeriodicPayments"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsNumberOfPeriodicPayments_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsNumberOfPeriodicPayments" xml:lang="en-US" id="label_BorrowingsNumberOfPeriodicPayments_3">Borrowings Number Of Periodic Payments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsNumberOfPeriodicPayments" xlink:to="label_BorrowingsNumberOfPeriodicPayments_3" xlink:title="label: BorrowingsNumberOfPeriodicPayments to label_BorrowingsNumberOfPeriodicPayments"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BorrowingsFrequencyOfPeriodicPayment" xlink:label="BorrowingsFrequencyOfPeriodicPayment" xlink:title="BorrowingsFrequencyOfPeriodicPayment"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsFrequencyOfPeriodicPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsFrequencyOfPeriodicPayment" xml:lang="en-US" id="label_BorrowingsFrequencyOfPeriodicPayment">Frequency of periodic payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsFrequencyOfPeriodicPayment" xlink:to="label_BorrowingsFrequencyOfPeriodicPayment" xlink:title="label: BorrowingsFrequencyOfPeriodicPayment to label_BorrowingsFrequencyOfPeriodicPayment"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsFrequencyOfPeriodicPayment_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BorrowingsFrequencyOfPeriodicPayment" xml:lang="en-US" id="label_BorrowingsFrequencyOfPeriodicPayment_2">Description of the frequency of periodic payments (monthly, quarterly, annual).</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsFrequencyOfPeriodicPayment" xlink:to="label_BorrowingsFrequencyOfPeriodicPayment_2" xlink:title="label: BorrowingsFrequencyOfPeriodicPayment to label_BorrowingsFrequencyOfPeriodicPayment"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsFrequencyOfPeriodicPayment_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsFrequencyOfPeriodicPayment" xml:lang="en-US" id="label_BorrowingsFrequencyOfPeriodicPayment_3">Borrowings Frequency Of Periodic Payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsFrequencyOfPeriodicPayment" xlink:to="label_BorrowingsFrequencyOfPeriodicPayment_3" xlink:title="label: BorrowingsFrequencyOfPeriodicPayment to label_BorrowingsFrequencyOfPeriodicPayment"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BorrowingsPeriodicPayment" xlink:label="BorrowingsPeriodicPayment" xlink:title="BorrowingsPeriodicPayment"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsPeriodicPayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BorrowingsPeriodicPayment" xml:lang="en-US" id="label_BorrowingsPeriodicPayment">Amount of the required periodic payments including both interest and principal payments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsPeriodicPayment" xlink:to="label_BorrowingsPeriodicPayment" xlink:title="label: BorrowingsPeriodicPayment to label_BorrowingsPeriodicPayment"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsPeriodicPayment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsPeriodicPayment" xml:lang="en-US" id="label_BorrowingsPeriodicPayment_2">Periodic payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsPeriodicPayment" xlink:to="label_BorrowingsPeriodicPayment_2" xlink:title="label: BorrowingsPeriodicPayment to label_BorrowingsPeriodicPayment"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:label="BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:title="BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" xml:lang="en-US" id="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid">Amount of payment greater than the preceding installment payments to be paid at final maturity date of debt.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:to="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:title="label: BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid to label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" xml:lang="en-US" id="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid_2">Balloon Payment to be Paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:to="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid_2" xlink:title="label: BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid to label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" xml:lang="en-US" id="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid_3">Borrowings Periodic Payment Terms Balloon Payment To Be Paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:to="label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid_3" xlink:title="label: BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid to label_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" xlink:label="FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" xlink:title="FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio"/>
    <label xlink:type="resource" xlink:label="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" xml:lang="en-US" id="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio">The ratio of the aggregate fair market value of the mortgaged vessels to the loan outstanding balance.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" xlink:to="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" xlink:title="label: FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio to label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio"/>
    <label xlink:type="resource" xlink:label="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" xml:lang="en-US" id="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio_2">Fair Value Of Mortgaged Vessels To Loan Outstanding Balance Ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" xlink:to="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio_2" xlink:title="label: FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio to label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio"/>
    <label xlink:type="resource" xlink:label="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" xml:lang="en-US" id="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio_3">Fair value of mortgaged vessels to loan outstanding balance ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio" xlink:to="label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio_3" xlink:title="label: FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio to label_FairValueOfMortgagedVesselsToLoanOutstandingBalanceRatio"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" xlink:label="TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" xlink:title="TotalLiabilitiesToMarketAdjustedTotalAssetsRatio"/>
    <label xlink:type="resource" xlink:label="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" xml:lang="en-US" id="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio">Total Liabilities To Market Adjusted Total Assets Ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" xlink:to="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" xlink:title="label: TotalLiabilitiesToMarketAdjustedTotalAssetsRatio to label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio"/>
    <label xlink:type="resource" xlink:label="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" xml:lang="en-US" id="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio_2">Total liabilities to market adjusted total assets ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" xlink:to="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio_2" xlink:title="label: TotalLiabilitiesToMarketAdjustedTotalAssetsRatio to label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio"/>
    <label xlink:type="resource" xlink:label="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" xml:lang="en-US" id="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio_3">The ratio of the company's total liabilities to its market adjusted total assets, as required by loan agreement covenants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalLiabilitiesToMarketAdjustedTotalAssetsRatio" xlink:to="label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio_3" xlink:title="label: TotalLiabilitiesToMarketAdjustedTotalAssetsRatio to label_TotalLiabilitiesToMarketAdjustedTotalAssetsRatio"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MarketAdjustedNetWorth" xlink:label="MarketAdjustedNetWorth" xlink:title="MarketAdjustedNetWorth"/>
    <label xlink:type="resource" xlink:label="label_MarketAdjustedNetWorth" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MarketAdjustedNetWorth" xml:lang="en-US" id="label_MarketAdjustedNetWorth">Market adjusted net worth</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketAdjustedNetWorth" xlink:to="label_MarketAdjustedNetWorth" xlink:title="label: MarketAdjustedNetWorth to label_MarketAdjustedNetWorth"/>
    <label xlink:type="resource" xlink:label="label_MarketAdjustedNetWorth_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MarketAdjustedNetWorth" xml:lang="en-US" id="label_MarketAdjustedNetWorth_2">Market Adjusted Net Worth</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketAdjustedNetWorth" xlink:to="label_MarketAdjustedNetWorth_2" xlink:title="label: MarketAdjustedNetWorth to label_MarketAdjustedNetWorth"/>
    <label xlink:type="resource" xlink:label="label_MarketAdjustedNetWorth_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MarketAdjustedNetWorth" xml:lang="en-US" id="label_MarketAdjustedNetWorth_3">The company's market adjusted net worth.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketAdjustedNetWorth" xlink:to="label_MarketAdjustedNetWorth_3" xlink:title="label: MarketAdjustedNetWorth to label_MarketAdjustedNetWorth"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CompensatingBalanceAmountPerVessel" xlink:label="CompensatingBalanceAmountPerVessel" xlink:title="CompensatingBalanceAmountPerVessel"/>
    <label xlink:type="resource" xlink:label="label_CompensatingBalanceAmountPerVessel" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CompensatingBalanceAmountPerVessel" xml:lang="en-US" id="label_CompensatingBalanceAmountPerVessel">Compensating Balance Amount Per Vessel</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensatingBalanceAmountPerVessel" xlink:to="label_CompensatingBalanceAmountPerVessel" xlink:title="label: CompensatingBalanceAmountPerVessel to label_CompensatingBalanceAmountPerVessel"/>
    <label xlink:type="resource" xlink:label="label_CompensatingBalanceAmountPerVessel_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CompensatingBalanceAmountPerVessel" xml:lang="en-US" id="label_CompensatingBalanceAmountPerVessel_2">Compensating Balance, Amount per vessel</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensatingBalanceAmountPerVessel" xlink:to="label_CompensatingBalanceAmountPerVessel_2" xlink:title="label: CompensatingBalanceAmountPerVessel to label_CompensatingBalanceAmountPerVessel"/>
    <label xlink:type="resource" xlink:label="label_CompensatingBalanceAmountPerVessel_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CompensatingBalanceAmountPerVessel" xml:lang="en-US" id="label_CompensatingBalanceAmountPerVessel_3">The amount of a specific compensating balance arrangement that is maintained per vessel, under an agreement for a bank loan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensatingBalanceAmountPerVessel" xlink:to="label_CompensatingBalanceAmountPerVessel_3" xlink:title="label: CompensatingBalanceAmountPerVessel to label_CompensatingBalanceAmountPerVessel"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LiquidityToConsolidatedIndebtednessRatio" xlink:label="LiquidityToConsolidatedIndebtednessRatio" xlink:title="LiquidityToConsolidatedIndebtednessRatio"/>
    <label xlink:type="resource" xlink:label="label_LiquidityToConsolidatedIndebtednessRatio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiquidityToConsolidatedIndebtednessRatio" xml:lang="en-US" id="label_LiquidityToConsolidatedIndebtednessRatio">Liquidity To Consolidated Indebtedness Ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidityToConsolidatedIndebtednessRatio" xlink:to="label_LiquidityToConsolidatedIndebtednessRatio" xlink:title="label: LiquidityToConsolidatedIndebtednessRatio to label_LiquidityToConsolidatedIndebtednessRatio"/>
    <label xlink:type="resource" xlink:label="label_LiquidityToConsolidatedIndebtednessRatio_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiquidityToConsolidatedIndebtednessRatio" xml:lang="en-US" id="label_LiquidityToConsolidatedIndebtednessRatio_2">Liquidity to indebtedness ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidityToConsolidatedIndebtednessRatio" xlink:to="label_LiquidityToConsolidatedIndebtednessRatio_2" xlink:title="label: LiquidityToConsolidatedIndebtednessRatio to label_LiquidityToConsolidatedIndebtednessRatio"/>
    <label xlink:type="resource" xlink:label="label_LiquidityToConsolidatedIndebtednessRatio_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiquidityToConsolidatedIndebtednessRatio" xml:lang="en-US" id="label_LiquidityToConsolidatedIndebtednessRatio_3">The ratio of the company's liquidity to its consolidated indebtedness.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidityToConsolidatedIndebtednessRatio" xlink:to="label_LiquidityToConsolidatedIndebtednessRatio_3" xlink:title="label: LiquidityToConsolidatedIndebtednessRatio to label_LiquidityToConsolidatedIndebtednessRatio"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AmountOfEquityToBeRaised" xlink:label="AmountOfEquityToBeRaised" xlink:title="AmountOfEquityToBeRaised"/>
    <label xlink:type="resource" xlink:label="label_AmountOfEquityToBeRaised" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountOfEquityToBeRaised" xml:lang="en-US" id="label_AmountOfEquityToBeRaised">The amount of new equity that the company has to raise, as required by loan agreement covenants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfEquityToBeRaised" xlink:to="label_AmountOfEquityToBeRaised" xlink:title="label: AmountOfEquityToBeRaised to label_AmountOfEquityToBeRaised"/>
    <label xlink:type="resource" xlink:label="label_AmountOfEquityToBeRaised_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountOfEquityToBeRaised" xml:lang="en-US" id="label_AmountOfEquityToBeRaised_2">Amount Of Equity To Be Raised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfEquityToBeRaised" xlink:to="label_AmountOfEquityToBeRaised_2" xlink:title="label: AmountOfEquityToBeRaised to label_AmountOfEquityToBeRaised"/>
    <label xlink:type="resource" xlink:label="label_AmountOfEquityToBeRaised_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountOfEquityToBeRaised" xml:lang="en-US" id="label_AmountOfEquityToBeRaised_3">Amount of equity to be raised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfEquityToBeRaised" xlink:to="label_AmountOfEquityToBeRaised_3" xlink:title="label: AmountOfEquityToBeRaised to label_AmountOfEquityToBeRaised"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BorrowingsFaceAmount" xlink:label="BorrowingsFaceAmount" xlink:title="BorrowingsFaceAmount"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsFaceAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsFaceAmount" xml:lang="en-US" id="label_BorrowingsFaceAmount">Borrowings, Face amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsFaceAmount" xlink:to="label_BorrowingsFaceAmount" xlink:title="label: BorrowingsFaceAmount to label_BorrowingsFaceAmount"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsFaceAmount_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsFaceAmount" xml:lang="en-US" id="label_BorrowingsFaceAmount_2">Borrowings Face Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsFaceAmount" xlink:to="label_BorrowingsFaceAmount_2" xlink:title="label: BorrowingsFaceAmount to label_BorrowingsFaceAmount"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsFaceAmount_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BorrowingsFaceAmount" xml:lang="en-US" id="label_BorrowingsFaceAmount_3">Face (par) amount of debt instrument at time of issuance.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsFaceAmount" xlink:to="label_BorrowingsFaceAmount_3" xlink:title="label: BorrowingsFaceAmount to label_BorrowingsFaceAmount"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MinimumLiquidAssets" xlink:label="MinimumLiquidAssets" xlink:title="MinimumLiquidAssets"/>
    <label xlink:type="resource" xlink:label="label_MinimumLiquidAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumLiquidAssets" xml:lang="en-US" id="label_MinimumLiquidAssets">The minimum liquid assets that the company should own and maintain, as required by loan agreement covenants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumLiquidAssets" xlink:to="label_MinimumLiquidAssets" xlink:title="label: MinimumLiquidAssets to label_MinimumLiquidAssets"/>
    <label xlink:type="resource" xlink:label="label_MinimumLiquidAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumLiquidAssets" xml:lang="en-US" id="label_MinimumLiquidAssets_2">Minimum Liquid Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumLiquidAssets" xlink:to="label_MinimumLiquidAssets_2" xlink:title="label: MinimumLiquidAssets to label_MinimumLiquidAssets"/>
    <label xlink:type="resource" xlink:label="label_MinimumLiquidAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumLiquidAssets" xml:lang="en-US" id="label_MinimumLiquidAssets_3">Liquidity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumLiquidAssets" xlink:to="label_MinimumLiquidAssets_3" xlink:title="label: MinimumLiquidAssets to label_MinimumLiquidAssets"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_InterestPayable" xlink:label="InterestPayable" xlink:title="InterestPayable"/>
    <label xlink:type="resource" xlink:label="label_InterestPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPayable" xml:lang="en-US" id="label_InterestPayable">Interest Payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPayable" xlink:to="label_InterestPayable" xlink:title="label: InterestPayable to label_InterestPayable"/>
    <label xlink:type="resource" xlink:label="label_InterestPayable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestPayable" xml:lang="en-US" id="label_InterestPayable_2">Accrued interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPayable" xlink:to="label_InterestPayable_2" xlink:title="label: InterestPayable to label_InterestPayable"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ManagementDailyFee" xlink:label="ManagementDailyFee" xlink:title="ManagementDailyFee"/>
    <label xlink:type="resource" xlink:label="label_ManagementDailyFee" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ManagementDailyFee" xml:lang="en-US" id="label_ManagementDailyFee">The amount of daily income recognised for the provided management services.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementDailyFee" xlink:to="label_ManagementDailyFee" xlink:title="label: ManagementDailyFee to label_ManagementDailyFee"/>
    <label xlink:type="resource" xlink:label="label_ManagementDailyFee_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementDailyFee" xml:lang="en-US" id="label_ManagementDailyFee_2">Management Daily Fee</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementDailyFee" xlink:to="label_ManagementDailyFee_2" xlink:title="label: ManagementDailyFee to label_ManagementDailyFee"/>
    <label xlink:type="resource" xlink:label="label_ManagementDailyFee_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ManagementDailyFee" xml:lang="en-US" id="label_ManagementDailyFee_3">Management daily fee</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementDailyFee" xlink:to="label_ManagementDailyFee_3" xlink:title="label: ManagementDailyFee to label_ManagementDailyFee"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MarketAdjustedNetWorthToTotalAssetsRatio" xlink:label="MarketAdjustedNetWorthToTotalAssetsRatio" xlink:title="MarketAdjustedNetWorthToTotalAssetsRatio"/>
    <label xlink:type="resource" xlink:label="label_MarketAdjustedNetWorthToTotalAssetsRatio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MarketAdjustedNetWorthToTotalAssetsRatio" xml:lang="en-US" id="label_MarketAdjustedNetWorthToTotalAssetsRatio">The ratio of the market adjusted net worth to total assets.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketAdjustedNetWorthToTotalAssetsRatio" xlink:to="label_MarketAdjustedNetWorthToTotalAssetsRatio" xlink:title="label: MarketAdjustedNetWorthToTotalAssetsRatio to label_MarketAdjustedNetWorthToTotalAssetsRatio"/>
    <label xlink:type="resource" xlink:label="label_MarketAdjustedNetWorthToTotalAssetsRatio_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MarketAdjustedNetWorthToTotalAssetsRatio" xml:lang="en-US" id="label_MarketAdjustedNetWorthToTotalAssetsRatio_2">Market Adjusted Net Worth To Total Assets Ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketAdjustedNetWorthToTotalAssetsRatio" xlink:to="label_MarketAdjustedNetWorthToTotalAssetsRatio_2" xlink:title="label: MarketAdjustedNetWorthToTotalAssetsRatio to label_MarketAdjustedNetWorthToTotalAssetsRatio"/>
    <label xlink:type="resource" xlink:label="label_MarketAdjustedNetWorthToTotalAssetsRatio_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MarketAdjustedNetWorthToTotalAssetsRatio" xml:lang="en-US" id="label_MarketAdjustedNetWorthToTotalAssetsRatio_3">Market adjusted net worth to total assets ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketAdjustedNetWorthToTotalAssetsRatio" xlink:to="label_MarketAdjustedNetWorthToTotalAssetsRatio_3" xlink:title="label: MarketAdjustedNetWorthToTotalAssetsRatio to label_MarketAdjustedNetWorthToTotalAssetsRatio"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CompensatingBalanceAmount" xlink:label="CompensatingBalanceAmount" xlink:title="CompensatingBalanceAmount"/>
    <label xlink:type="resource" xlink:label="label_CompensatingBalanceAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CompensatingBalanceAmount" xml:lang="en-US" id="label_CompensatingBalanceAmount">The amount of a specific compensating balance arrangement that is maintained, under an agreement for a bank loan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensatingBalanceAmount" xlink:to="label_CompensatingBalanceAmount" xlink:title="label: CompensatingBalanceAmount to label_CompensatingBalanceAmount"/>
    <label xlink:type="resource" xlink:label="label_CompensatingBalanceAmount_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CompensatingBalanceAmount" xml:lang="en-US" id="label_CompensatingBalanceAmount_2">Compensating Balance Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensatingBalanceAmount" xlink:to="label_CompensatingBalanceAmount_2" xlink:title="label: CompensatingBalanceAmount to label_CompensatingBalanceAmount"/>
    <label xlink:type="resource" xlink:label="label_CompensatingBalanceAmount_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CompensatingBalanceAmount" xml:lang="en-US" id="label_CompensatingBalanceAmount_3">Compensating Balance, Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensatingBalanceAmount" xlink:to="label_CompensatingBalanceAmount_3" xlink:title="label: CompensatingBalanceAmount to label_CompensatingBalanceAmount"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AmountDeferredToTheBalloonPayment" xlink:label="AmountDeferredToTheBalloonPayment" xlink:title="AmountDeferredToTheBalloonPayment"/>
    <label xlink:type="resource" xlink:label="label_AmountDeferredToTheBalloonPayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountDeferredToTheBalloonPayment" xml:lang="en-US" id="label_AmountDeferredToTheBalloonPayment">The amount deferred to the balloon payment after the amendment of the relevant loan agreement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountDeferredToTheBalloonPayment" xlink:to="label_AmountDeferredToTheBalloonPayment" xlink:title="label: AmountDeferredToTheBalloonPayment to label_AmountDeferredToTheBalloonPayment"/>
    <label xlink:type="resource" xlink:label="label_AmountDeferredToTheBalloonPayment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountDeferredToTheBalloonPayment" xml:lang="en-US" id="label_AmountDeferredToTheBalloonPayment_2">Amount Deferred To The Balloon Payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountDeferredToTheBalloonPayment" xlink:to="label_AmountDeferredToTheBalloonPayment_2" xlink:title="label: AmountDeferredToTheBalloonPayment to label_AmountDeferredToTheBalloonPayment"/>
    <label xlink:type="resource" xlink:label="label_AmountDeferredToTheBalloonPayment_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountDeferredToTheBalloonPayment" xml:lang="en-US" id="label_AmountDeferredToTheBalloonPayment_3">Amount deferred to the balloon payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountDeferredToTheBalloonPayment" xlink:to="label_AmountDeferredToTheBalloonPayment_3" xlink:title="label: AmountDeferredToTheBalloonPayment to label_AmountDeferredToTheBalloonPayment"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CreditSuisseAGLoanAgreementMember" xlink:label="CreditSuisseAGLoanAgreementMember" xlink:title="CreditSuisseAGLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_CreditSuisseAGLoanAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CreditSuisseAGLoanAgreementMember" xml:lang="en-US" id="label_CreditSuisseAGLoanAgreementMember">Credit Suisse AG Loan Agreement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditSuisseAGLoanAgreementMember" xlink:to="label_CreditSuisseAGLoanAgreementMember" xlink:title="label: CreditSuisseAGLoanAgreementMember to label_CreditSuisseAGLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_CreditSuisseAGLoanAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CreditSuisseAGLoanAgreementMember" xml:lang="en-US" id="label_CreditSuisseAGLoanAgreementMember_2">Credit Suisse AG</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditSuisseAGLoanAgreementMember" xlink:to="label_CreditSuisseAGLoanAgreementMember_2" xlink:title="label: CreditSuisseAGLoanAgreementMember to label_CreditSuisseAGLoanAgreementMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DVBBankLoanAgreementMember" xlink:label="DVBBankLoanAgreementMember" xlink:title="DVBBankLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_DVBBankLoanAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DVBBankLoanAgreementMember" xml:lang="en-US" id="label_DVBBankLoanAgreementMember">DVB Bank Loan Agreement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DVBBankLoanAgreementMember" xlink:to="label_DVBBankLoanAgreementMember" xlink:title="label: DVBBankLoanAgreementMember to label_DVBBankLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_DVBBankLoanAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DVBBankLoanAgreementMember" xml:lang="en-US" id="label_DVBBankLoanAgreementMember_2">DVB Bank</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DVBBankLoanAgreementMember" xlink:to="label_DVBBankLoanAgreementMember_2" xlink:title="label: DVBBankLoanAgreementMember to label_DVBBankLoanAgreementMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CreditFacilityAxis" xlink:label="CreditFacilityAxis" xlink:title="CreditFacilityAxis"/>
    <label xlink:type="resource" xlink:label="label_CreditFacilityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CreditFacilityAxis" xml:lang="en-US" id="label_CreditFacilityAxis">Credit Facility [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditFacilityAxis" xlink:to="label_CreditFacilityAxis" xlink:title="label: CreditFacilityAxis to label_CreditFacilityAxis"/>
    <label xlink:type="resource" xlink:label="label_CreditFacilityAxis_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CreditFacilityAxis" xml:lang="en-US" id="label_CreditFacilityAxis_2">Information by type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditFacilityAxis" xlink:to="label_CreditFacilityAxis_2" xlink:title="label: CreditFacilityAxis to label_CreditFacilityAxis"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CreditFacilityMember" xlink:label="CreditFacilityMember" xlink:title="CreditFacilityMember"/>
    <label xlink:type="resource" xlink:label="label_CreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CreditFacilityMember" xml:lang="en-US" id="label_CreditFacilityMember">Credit Facility [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditFacilityMember" xlink:to="label_CreditFacilityMember" xlink:title="label: CreditFacilityMember to label_CreditFacilityMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_TrancheAMember" xlink:label="TrancheAMember" xlink:title="TrancheAMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrancheAMember" xml:lang="en-US" id="label_TrancheAMember">TrancheA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheAMember" xlink:to="label_TrancheAMember" xlink:title="label: TrancheAMember to label_TrancheAMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrancheAMember" xml:lang="en-US" id="label_TrancheAMember_2">Tranche A</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheAMember" xlink:to="label_TrancheAMember_2" xlink:title="label: TrancheAMember to label_TrancheAMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheAMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TrancheAMember" xml:lang="en-US" id="label_TrancheAMember_3">Tranche (A)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheAMember" xlink:to="label_TrancheAMember_3" xlink:title="label: TrancheAMember to label_TrancheAMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_TrancheBMember" xlink:label="TrancheBMember" xlink:title="TrancheBMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheBMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrancheBMember" xml:lang="en-US" id="label_TrancheBMember">Tranche B [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheBMember" xlink:to="label_TrancheBMember" xlink:title="label: TrancheBMember to label_TrancheBMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheBMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrancheBMember" xml:lang="en-US" id="label_TrancheBMember_2">Tranche B</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheBMember" xlink:to="label_TrancheBMember_2" xlink:title="label: TrancheBMember to label_TrancheBMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheBMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TrancheBMember" xml:lang="en-US" id="label_TrancheBMember_3">Tranche (B)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheBMember" xlink:to="label_TrancheBMember_3" xlink:title="label: TrancheBMember to label_TrancheBMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_TrancheCMember" xlink:label="TrancheCMember" xlink:title="TrancheCMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrancheCMember" xml:lang="en-US" id="label_TrancheCMember">Tranche C [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheCMember" xlink:to="label_TrancheCMember" xlink:title="label: TrancheCMember to label_TrancheCMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheCMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrancheCMember" xml:lang="en-US" id="label_TrancheCMember_2">Tranche C</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheCMember" xlink:to="label_TrancheCMember_2" xlink:title="label: TrancheCMember to label_TrancheCMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RangeAxis" xlink:label="RangeAxis" xlink:title="RangeAxis"/>
    <label xlink:type="resource" xlink:label="label_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RangeAxis" xml:lang="en-US" id="label_RangeAxis">Range [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RangeAxis" xlink:to="label_RangeAxis" xlink:title="label: RangeAxis to label_RangeAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RangesMember" xlink:label="RangesMember" xlink:title="RangesMember"/>
    <label xlink:type="resource" xlink:label="label_RangesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RangesMember" xml:lang="en-US" id="label_RangesMember">Ranges [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RangesMember" xlink:to="label_RangesMember" xlink:title="label: RangesMember to label_RangesMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BottomOfRangeMember" xlink:label="BottomOfRangeMember" xlink:title="BottomOfRangeMember"/>
    <label xlink:type="resource" xlink:label="label_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BottomOfRangeMember" xml:lang="en-US" id="label_BottomOfRangeMember">Bottom Of Range [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BottomOfRangeMember" xlink:to="label_BottomOfRangeMember" xlink:title="label: BottomOfRangeMember to label_BottomOfRangeMember"/>
    <label xlink:type="resource" xlink:label="label_BottomOfRangeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BottomOfRangeMember" xml:lang="en-US" id="label_BottomOfRangeMember_2">Minimum</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BottomOfRangeMember" xlink:to="label_BottomOfRangeMember_2" xlink:title="label: BottomOfRangeMember to label_BottomOfRangeMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_KeltyMarineLimitedMember" xlink:label="KeltyMarineLimitedMember" xlink:title="KeltyMarineLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_KeltyMarineLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KeltyMarineLimitedMember" xml:lang="en-US" id="label_KeltyMarineLimitedMember">Kelty Marine Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeltyMarineLimitedMember" xlink:to="label_KeltyMarineLimitedMember" xlink:title="label: KeltyMarineLimitedMember to label_KeltyMarineLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_KeltyMarineLimitedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeltyMarineLimitedMember" xml:lang="en-US" id="label_KeltyMarineLimitedMember_2">Kelty Marine Limited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeltyMarineLimitedMember" xlink:to="label_KeltyMarineLimitedMember_2" xlink:title="label: KeltyMarineLimitedMember to label_KeltyMarineLimitedMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_VesselOwningSubsidiariesMember" xlink:label="VesselOwningSubsidiariesMember" xlink:title="VesselOwningSubsidiariesMember"/>
    <label xlink:type="resource" xlink:label="label_VesselOwningSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselOwningSubsidiariesMember" xml:lang="en-US" id="label_VesselOwningSubsidiariesMember">Vessel Owning Subsidiaries [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselOwningSubsidiariesMember" xlink:to="label_VesselOwningSubsidiariesMember" xlink:title="label: VesselOwningSubsidiariesMember to label_VesselOwningSubsidiariesMember"/>
    <label xlink:type="resource" xlink:label="label_VesselOwningSubsidiariesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselOwningSubsidiariesMember" xml:lang="en-US" id="label_VesselOwningSubsidiariesMember_2">Vessel Owning Subsidiaries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselOwningSubsidiariesMember" xlink:to="label_VesselOwningSubsidiariesMember_2" xlink:title="label: VesselOwningSubsidiariesMember to label_VesselOwningSubsidiariesMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_WeightedAverageMember" xlink:label="WeightedAverageMember" xlink:title="WeightedAverageMember"/>
    <label xlink:type="resource" xlink:label="label_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageMember" xml:lang="en-US" id="label_WeightedAverageMember">Weighted average [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageMember" xlink:to="label_WeightedAverageMember" xlink:title="label: WeightedAverageMember to label_WeightedAverageMember"/>
    <label xlink:type="resource" xlink:label="label_WeightedAverageMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WeightedAverageMember" xml:lang="en-US" id="label_WeightedAverageMember_2">Weighted average</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageMember" xlink:to="label_WeightedAverageMember_2" xlink:title="label: WeightedAverageMember to label_WeightedAverageMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract" xlink:label="DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract" xlink:title="DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract" xml:lang="en-US" id="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract">Disclosure of terms and conditions of share-based payment arrangement [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract" xlink:to="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract" xlink:title="label: DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract to label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:label="DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:title="DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xml:lang="en-US" id="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable">Disclosure of terms and conditions of share-based payment arrangement [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:to="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:title="label: DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable to label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_NumberOfOrdinarySharesMember" xlink:label="NumberOfOrdinarySharesMember" xlink:title="NumberOfOrdinarySharesMember"/>
    <label xlink:type="resource" xlink:label="label_NumberOfOrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfOrdinarySharesMember" xml:lang="en-US" id="label_NumberOfOrdinarySharesMember">Number Of Ordinary Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfOrdinarySharesMember" xlink:to="label_NumberOfOrdinarySharesMember" xlink:title="label: NumberOfOrdinarySharesMember to label_NumberOfOrdinarySharesMember"/>
    <label xlink:type="resource" xlink:label="label_NumberOfOrdinarySharesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfOrdinarySharesMember" xml:lang="en-US" id="label_NumberOfOrdinarySharesMember_2">Number of common shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfOrdinarySharesMember" xlink:to="label_NumberOfOrdinarySharesMember_2" xlink:title="label: NumberOfOrdinarySharesMember to label_NumberOfOrdinarySharesMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:label="DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:title="DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xml:lang="en-US" id="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems">Disclosure of terms and conditions of share-based payment arrangement [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:to="label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:title="label: DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems to label_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ExpenseByNatureAbstract" xlink:label="ExpenseByNatureAbstract" xlink:title="ExpenseByNatureAbstract"/>
    <label xlink:type="resource" xlink:label="label_ExpenseByNatureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpenseByNatureAbstract" xml:lang="en-US" id="label_ExpenseByNatureAbstract">Voyage Expenses and Vessel Operating Expenses [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpenseByNatureAbstract" xlink:to="label_ExpenseByNatureAbstract" xlink:title="label: ExpenseByNatureAbstract to label_ExpenseByNatureAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_FeeAndCommissionExpense" xlink:label="FeeAndCommissionExpense" xlink:title="FeeAndCommissionExpense"/>
    <label xlink:type="resource" xlink:label="label_FeeAndCommissionExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FeeAndCommissionExpense" xml:lang="en-US" id="label_FeeAndCommissionExpense">Fee and commission expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FeeAndCommissionExpense" xlink:to="label_FeeAndCommissionExpense" xlink:title="label: FeeAndCommissionExpense to label_FeeAndCommissionExpense"/>
    <label xlink:type="resource" xlink:label="label_FeeAndCommissionExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FeeAndCommissionExpense" xml:lang="en-US" id="label_FeeAndCommissionExpense_2">Commissions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FeeAndCommissionExpense" xlink:to="label_FeeAndCommissionExpense_2" xlink:title="label: FeeAndCommissionExpense to label_FeeAndCommissionExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_FuelExpense" xlink:label="FuelExpense" xlink:title="FuelExpense"/>
    <label xlink:type="resource" xlink:label="label_FuelExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FuelExpense" xml:lang="en-US" id="label_FuelExpense">Fuel Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FuelExpense" xlink:to="label_FuelExpense" xlink:title="label: FuelExpense to label_FuelExpense"/>
    <label xlink:type="resource" xlink:label="label_FuelExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FuelExpense" xml:lang="en-US" id="label_FuelExpense_2">Bunkers expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FuelExpense" xlink:to="label_FuelExpense_2" xlink:title="label: FuelExpense to label_FuelExpense"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_OtherVoyageExpense" xlink:label="OtherVoyageExpense" xlink:title="OtherVoyageExpense"/>
    <label xlink:type="resource" xlink:label="label_OtherVoyageExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherVoyageExpense" xml:lang="en-US" id="label_OtherVoyageExpense">The amount of voyage expense classified as other.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherVoyageExpense" xlink:to="label_OtherVoyageExpense" xlink:title="label: OtherVoyageExpense to label_OtherVoyageExpense"/>
    <label xlink:type="resource" xlink:label="label_OtherVoyageExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherVoyageExpense" xml:lang="en-US" id="label_OtherVoyageExpense_2">Other Voyage Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherVoyageExpense" xlink:to="label_OtherVoyageExpense_2" xlink:title="label: OtherVoyageExpense to label_OtherVoyageExpense"/>
    <label xlink:type="resource" xlink:label="label_OtherVoyageExpense_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherVoyageExpense" xml:lang="en-US" id="label_OtherVoyageExpense_3">Other voyage expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherVoyageExpense" xlink:to="label_OtherVoyageExpense_3" xlink:title="label: OtherVoyageExpense to label_OtherVoyageExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ServicesExpense" xlink:label="ServicesExpense" xlink:title="ServicesExpense"/>
    <label xlink:type="resource" xlink:label="label_ServicesExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ServicesExpense" xml:lang="en-US" id="label_ServicesExpense">Service Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ServicesExpense" xlink:to="label_ServicesExpense" xlink:title="label: ServicesExpense to label_ServicesExpense"/>
    <label xlink:type="resource" xlink:label="label_ServicesExpense_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ServicesExpense" xml:lang="en-US" id="label_ServicesExpense_2">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ServicesExpense" xlink:to="label_ServicesExpense_2" xlink:title="label: ServicesExpense to label_ServicesExpense"/>
    <label xlink:type="resource" xlink:label="label_ServicesExpense_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ServicesExpense" xml:lang="en-US" id="label_ServicesExpense_3">Voyage expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ServicesExpense" xlink:to="label_ServicesExpense_3" xlink:title="label: ServicesExpense to label_ServicesExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:label="ShorttermEmployeeBenefitsExpense" xlink:title="ShorttermEmployeeBenefitsExpense"/>
    <label xlink:type="resource" xlink:label="label_ShorttermEmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShorttermEmployeeBenefitsExpense" xml:lang="en-US" id="label_ShorttermEmployeeBenefitsExpense">Short-term employee benefits expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermEmployeeBenefitsExpense" xlink:to="label_ShorttermEmployeeBenefitsExpense" xlink:title="label: ShorttermEmployeeBenefitsExpense to label_ShorttermEmployeeBenefitsExpense"/>
    <label xlink:type="resource" xlink:label="label_ShorttermEmployeeBenefitsExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShorttermEmployeeBenefitsExpense" xml:lang="en-US" id="label_ShorttermEmployeeBenefitsExpense_2">Crew wages and related costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermEmployeeBenefitsExpense" xlink:to="label_ShorttermEmployeeBenefitsExpense_2" xlink:title="label: ShorttermEmployeeBenefitsExpense to label_ShorttermEmployeeBenefitsExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_InsuranceExpense" xlink:label="InsuranceExpense" xlink:title="InsuranceExpense"/>
    <label xlink:type="resource" xlink:label="label_InsuranceExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InsuranceExpense" xml:lang="en-US" id="label_InsuranceExpense">Insurance Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceExpense" xlink:to="label_InsuranceExpense" xlink:title="label: InsuranceExpense to label_InsuranceExpense"/>
    <label xlink:type="resource" xlink:label="label_InsuranceExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InsuranceExpense" xml:lang="en-US" id="label_InsuranceExpense_2">Insurance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceExpense" xlink:to="label_InsuranceExpense_2" xlink:title="label: InsuranceExpense to label_InsuranceExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RepairsAndMaintenanceExpense" xlink:label="RepairsAndMaintenanceExpense" xlink:title="RepairsAndMaintenanceExpense"/>
    <label xlink:type="resource" xlink:label="label_RepairsAndMaintenanceExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepairsAndMaintenanceExpense" xml:lang="en-US" id="label_RepairsAndMaintenanceExpense">Repairs And Maintenance Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepairsAndMaintenanceExpense" xlink:to="label_RepairsAndMaintenanceExpense" xlink:title="label: RepairsAndMaintenanceExpense to label_RepairsAndMaintenanceExpense"/>
    <label xlink:type="resource" xlink:label="label_RepairsAndMaintenanceExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepairsAndMaintenanceExpense" xml:lang="en-US" id="label_RepairsAndMaintenanceExpense_2">Spares, repairs and maintenance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepairsAndMaintenanceExpense" xlink:to="label_RepairsAndMaintenanceExpense_2" xlink:title="label: RepairsAndMaintenanceExpense to label_RepairsAndMaintenanceExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RawMaterialsAndConsumablesUsed" xlink:label="RawMaterialsAndConsumablesUsed" xlink:title="RawMaterialsAndConsumablesUsed"/>
    <label xlink:type="resource" xlink:label="label_RawMaterialsAndConsumablesUsed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RawMaterialsAndConsumablesUsed" xml:lang="en-US" id="label_RawMaterialsAndConsumablesUsed">Raw materials and consumables used</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawMaterialsAndConsumablesUsed" xlink:to="label_RawMaterialsAndConsumablesUsed" xlink:title="label: RawMaterialsAndConsumablesUsed to label_RawMaterialsAndConsumablesUsed"/>
    <label xlink:type="resource" xlink:label="label_RawMaterialsAndConsumablesUsed_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RawMaterialsAndConsumablesUsed" xml:lang="en-US" id="label_RawMaterialsAndConsumablesUsed_2">Lubricants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawMaterialsAndConsumablesUsed" xlink:to="label_RawMaterialsAndConsumablesUsed_2" xlink:title="label: RawMaterialsAndConsumablesUsed to label_RawMaterialsAndConsumablesUsed"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_StoresExpense" xlink:label="StoresExpense" xlink:title="StoresExpense"/>
    <label xlink:type="resource" xlink:label="label_StoresExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StoresExpense" xml:lang="en-US" id="label_StoresExpense">Stores Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StoresExpense" xlink:to="label_StoresExpense" xlink:title="label: StoresExpense to label_StoresExpense"/>
    <label xlink:type="resource" xlink:label="label_StoresExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StoresExpense" xml:lang="en-US" id="label_StoresExpense_2">Stores</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StoresExpense" xlink:to="label_StoresExpense_2" xlink:title="label: StoresExpense to label_StoresExpense"/>
    <label xlink:type="resource" xlink:label="label_StoresExpense_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StoresExpense" xml:lang="en-US" id="label_StoresExpense_3">The amount of stores expense.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StoresExpense" xlink:to="label_StoresExpense_3" xlink:title="label: StoresExpense to label_StoresExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_MiscellaneousOtherOperatingExpense" xlink:label="MiscellaneousOtherOperatingExpense" xlink:title="MiscellaneousOtherOperatingExpense"/>
    <label xlink:type="resource" xlink:label="label_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiscellaneousOtherOperatingExpense" xml:lang="en-US" id="label_MiscellaneousOtherOperatingExpense">Miscellaneous other operating expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingExpense" xlink:to="label_MiscellaneousOtherOperatingExpense" xlink:title="label: MiscellaneousOtherOperatingExpense to label_MiscellaneousOtherOperatingExpense"/>
    <label xlink:type="resource" xlink:label="label_MiscellaneousOtherOperatingExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MiscellaneousOtherOperatingExpense" xml:lang="en-US" id="label_MiscellaneousOtherOperatingExpense_2">Other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingExpense" xlink:to="label_MiscellaneousOtherOperatingExpense_2" xlink:title="label: MiscellaneousOtherOperatingExpense to label_MiscellaneousOtherOperatingExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_SellingGeneralAndAdministrativeExpenseAbstract" xlink:label="SellingGeneralAndAdministrativeExpenseAbstract" xlink:title="SellingGeneralAndAdministrativeExpenseAbstract"/>
    <label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpenseAbstract" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpenseAbstract">Administrative Expenses [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpenseAbstract" xlink:to="label_SellingGeneralAndAdministrativeExpenseAbstract" xlink:title="label: SellingGeneralAndAdministrativeExpenseAbstract to label_SellingGeneralAndAdministrativeExpenseAbstract"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_PersonnelExpense" xlink:label="PersonnelExpense" xlink:title="PersonnelExpense"/>
    <label xlink:type="resource" xlink:label="label_PersonnelExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PersonnelExpense" xml:lang="en-US" id="label_PersonnelExpense">The amount of compensation to administrative personnel.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PersonnelExpense" xlink:to="label_PersonnelExpense" xlink:title="label: PersonnelExpense to label_PersonnelExpense"/>
    <label xlink:type="resource" xlink:label="label_PersonnelExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PersonnelExpense" xml:lang="en-US" id="label_PersonnelExpense_2">Personnel Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PersonnelExpense" xlink:to="label_PersonnelExpense_2" xlink:title="label: PersonnelExpense to label_PersonnelExpense"/>
    <label xlink:type="resource" xlink:label="label_PersonnelExpense_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PersonnelExpense" xml:lang="en-US" id="label_PersonnelExpense_3">Personnel expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PersonnelExpense" xlink:to="label_PersonnelExpense_3" xlink:title="label: PersonnelExpense to label_PersonnelExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AuditorsRemuneration" xlink:label="AuditorsRemuneration" xlink:title="AuditorsRemuneration"/>
    <label xlink:type="resource" xlink:label="label_AuditorsRemuneration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorsRemuneration" xml:lang="en-US" id="label_AuditorsRemuneration">Auditors Remuneration</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorsRemuneration" xlink:to="label_AuditorsRemuneration" xlink:title="label: AuditorsRemuneration to label_AuditorsRemuneration"/>
    <label xlink:type="resource" xlink:label="label_AuditorsRemuneration_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AuditorsRemuneration" xml:lang="en-US" id="label_AuditorsRemuneration_2">Audit fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorsRemuneration" xlink:to="label_AuditorsRemuneration_2" xlink:title="label: AuditorsRemuneration to label_AuditorsRemuneration"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_TravelExpense" xlink:label="TravelExpense" xlink:title="TravelExpense"/>
    <label xlink:type="resource" xlink:label="label_TravelExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TravelExpense" xml:lang="en-US" id="label_TravelExpense">Travel Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TravelExpense" xlink:to="label_TravelExpense" xlink:title="label: TravelExpense to label_TravelExpense"/>
    <label xlink:type="resource" xlink:label="label_TravelExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TravelExpense" xml:lang="en-US" id="label_TravelExpense_2">Travelling expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TravelExpense" xlink:to="label_TravelExpense_2" xlink:title="label: TravelExpense to label_TravelExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CommunicationExpense" xlink:label="CommunicationExpense" xlink:title="CommunicationExpense"/>
    <label xlink:type="resource" xlink:label="label_CommunicationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommunicationExpense" xml:lang="en-US" id="label_CommunicationExpense">Communication Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommunicationExpense" xlink:to="label_CommunicationExpense" xlink:title="label: CommunicationExpense to label_CommunicationExpense"/>
    <label xlink:type="resource" xlink:label="label_CommunicationExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommunicationExpense" xml:lang="en-US" id="label_CommunicationExpense_2">Communication</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommunicationExpense" xlink:to="label_CommunicationExpense_2" xlink:title="label: CommunicationExpense to label_CommunicationExpense"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_StationeryExpense" xlink:label="StationeryExpense" xlink:title="StationeryExpense"/>
    <label xlink:type="resource" xlink:label="label_StationeryExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StationeryExpense" xml:lang="en-US" id="label_StationeryExpense">The amount of expense for writing and other office materials.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StationeryExpense" xlink:to="label_StationeryExpense" xlink:title="label: StationeryExpense to label_StationeryExpense"/>
    <label xlink:type="resource" xlink:label="label_StationeryExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StationeryExpense" xml:lang="en-US" id="label_StationeryExpense_2">Stationery Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StationeryExpense" xlink:to="label_StationeryExpense_2" xlink:title="label: StationeryExpense to label_StationeryExpense"/>
    <label xlink:type="resource" xlink:label="label_StationeryExpense_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StationeryExpense" xml:lang="en-US" id="label_StationeryExpense_3">Stationery</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StationeryExpense" xlink:to="label_StationeryExpense_3" xlink:title="label: StationeryExpense to label_StationeryExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:label="TaxExpenseOtherThanIncomeTaxExpense" xlink:title="TaxExpenseOtherThanIncomeTaxExpense"/>
    <label xlink:type="resource" xlink:label="label_TaxExpenseOtherThanIncomeTaxExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxExpenseOtherThanIncomeTaxExpense" xml:lang="en-US" id="label_TaxExpenseOtherThanIncomeTaxExpense">Tax Expense Other Than Income Tax Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpenseOtherThanIncomeTaxExpense" xlink:to="label_TaxExpenseOtherThanIncomeTaxExpense" xlink:title="label: TaxExpenseOtherThanIncomeTaxExpense to label_TaxExpenseOtherThanIncomeTaxExpense"/>
    <label xlink:type="resource" xlink:label="label_TaxExpenseOtherThanIncomeTaxExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxExpenseOtherThanIncomeTaxExpense" xml:lang="en-US" id="label_TaxExpenseOtherThanIncomeTaxExpense_2">Greek authorities tax (note 20)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpenseOtherThanIncomeTaxExpense" xlink:to="label_TaxExpenseOtherThanIncomeTaxExpense_2" xlink:title="label: TaxExpenseOtherThanIncomeTaxExpense to label_TaxExpenseOtherThanIncomeTaxExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherExpenseByNature" xlink:label="OtherExpenseByNature" xlink:title="OtherExpenseByNature"/>
    <label xlink:type="resource" xlink:label="label_OtherExpenseByNature" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherExpenseByNature" xml:lang="en-US" id="label_OtherExpenseByNature">Other Expense By Nature</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByNature" xlink:to="label_OtherExpenseByNature" xlink:title="label: OtherExpenseByNature to label_OtherExpenseByNature"/>
    <label xlink:type="resource" xlink:label="label_OtherExpenseByNature_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherExpenseByNature" xml:lang="en-US" id="label_OtherExpenseByNature_2">Other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByNature" xlink:to="label_OtherExpenseByNature_2" xlink:title="label: OtherExpenseByNature to label_OtherExpenseByNature"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_InterestCostsAbstract" xlink:label="InterestCostsAbstract" xlink:title="InterestCostsAbstract"/>
    <label xlink:type="resource" xlink:label="label_InterestCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestCostsAbstract" xml:lang="en-US" id="label_InterestCostsAbstract">Interest Expense and Finance Costs [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestCostsAbstract" xlink:to="label_InterestCostsAbstract" xlink:title="label: InterestCostsAbstract to label_InterestCostsAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BankAndSimilarCharges" xlink:label="BankAndSimilarCharges" xlink:title="BankAndSimilarCharges"/>
    <label xlink:type="resource" xlink:label="label_BankAndSimilarCharges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BankAndSimilarCharges" xml:lang="en-US" id="label_BankAndSimilarCharges">Bank And Similar Charges</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankAndSimilarCharges" xlink:to="label_BankAndSimilarCharges" xlink:title="label: BankAndSimilarCharges to label_BankAndSimilarCharges"/>
    <label xlink:type="resource" xlink:label="label_BankAndSimilarCharges_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BankAndSimilarCharges" xml:lang="en-US" id="label_BankAndSimilarCharges_2">Bank charges</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankAndSimilarCharges" xlink:to="label_BankAndSimilarCharges_2" xlink:title="label: BankAndSimilarCharges to label_BankAndSimilarCharges"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AmortizationOfDebtDiscount" xlink:label="AmortizationOfDebtDiscount" xlink:title="AmortizationOfDebtDiscount"/>
    <label xlink:type="resource" xlink:label="label_AmortizationOfDebtDiscount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortizationOfDebtDiscount" xml:lang="en-US" id="label_AmortizationOfDebtDiscount">Amortization Of Debt Discount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfDebtDiscount" xlink:to="label_AmortizationOfDebtDiscount" xlink:title="label: AmortizationOfDebtDiscount to label_AmortizationOfDebtDiscount"/>
    <label xlink:type="resource" xlink:label="label_AmortizationOfDebtDiscount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmortizationOfDebtDiscount" xml:lang="en-US" id="label_AmortizationOfDebtDiscount_2">Amortization of debt discount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfDebtDiscount" xlink:to="label_AmortizationOfDebtDiscount_2" xlink:title="label: AmortizationOfDebtDiscount to label_AmortizationOfDebtDiscount"/>
    <label xlink:type="resource" xlink:label="label_AmortizationOfDebtDiscount_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmortizationOfDebtDiscount" xml:lang="en-US" id="label_AmortizationOfDebtDiscount_3">Amount of noncash expense included in finance costs to amortize debt discount associated with the related debt instruments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfDebtDiscount" xlink:to="label_AmortizationOfDebtDiscount_3" xlink:title="label: AmortizationOfDebtDiscount to label_AmortizationOfDebtDiscount"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherFinanceCost" xlink:label="OtherFinanceCost" xlink:title="OtherFinanceCost"/>
    <label xlink:type="resource" xlink:label="label_OtherFinanceCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherFinanceCost" xml:lang="en-US" id="label_OtherFinanceCost">Other finance expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceCost" xlink:to="label_OtherFinanceCost" xlink:title="label: OtherFinanceCost to label_OtherFinanceCost"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DividendsAxis" xlink:label="DividendsAxis" xlink:title="DividendsAxis"/>
    <label xlink:type="resource" xlink:label="label_DividendsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsAxis" xml:lang="en-US" id="label_DividendsAxis">Dividends [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsAxis" xlink:to="label_DividendsAxis" xlink:title="label: DividendsAxis to label_DividendsAxis"/>
    <label xlink:type="resource" xlink:label="label_DividendsAxis_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsAxis" xml:lang="en-US" id="label_DividendsAxis_2">Information about distribution of earnings to shareholders including, but not limited to, cash, property or capital stock.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsAxis" xlink:to="label_DividendsAxis_2" xlink:title="label: DividendsAxis to label_DividendsAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_MiscellaneousLiabilitiesAbstract" xlink:label="MiscellaneousLiabilitiesAbstract" xlink:title="MiscellaneousLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:label="label_MiscellaneousLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiscellaneousLiabilitiesAbstract" xml:lang="en-US" id="label_MiscellaneousLiabilitiesAbstract">Dividends [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousLiabilitiesAbstract" xlink:to="label_MiscellaneousLiabilitiesAbstract" xlink:title="label: MiscellaneousLiabilitiesAbstract to label_MiscellaneousLiabilitiesAbstract"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DividendsPayableTable" xlink:label="DividendsPayableTable" xlink:title="DividendsPayableTable"/>
    <label xlink:type="resource" xlink:label="label_DividendsPayableTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayableTable" xml:lang="en-US" id="label_DividendsPayableTable">Dividends Payable [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableTable" xlink:to="label_DividendsPayableTable" xlink:title="label: DividendsPayableTable to label_DividendsPayableTable"/>
    <label xlink:type="resource" xlink:label="label_DividendsPayableTable_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPayableTable" xml:lang="en-US" id="label_DividendsPayableTable_2">A table that contains information regarding dividends that have been declared but not paid as of the financial reporting date. This information may contain the amount, amount per share, declared date, and date to be paid.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableTable" xlink:to="label_DividendsPayableTable_2" xlink:title="label: DividendsPayableTable to label_DividendsPayableTable"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DividendsMember" xlink:label="DividendsMember" xlink:title="DividendsMember"/>
    <label xlink:type="resource" xlink:label="label_DividendsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsMember" xml:lang="en-US" id="label_DividendsMember">Dividends [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsMember" xlink:to="label_DividendsMember" xlink:title="label: DividendsMember to label_DividendsMember"/>
    <label xlink:type="resource" xlink:label="label_DividendsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsMember" xml:lang="en-US" id="label_DividendsMember_2">Distributions of earnings to shareholders including but not limited to cash, property or capital stock.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsMember" xlink:to="label_DividendsMember_2" xlink:title="label: DividendsMember to label_DividendsMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_FirstPreferredDividendMember" xlink:label="FirstPreferredDividendMember" xlink:title="FirstPreferredDividendMember"/>
    <label xlink:type="resource" xlink:label="label_FirstPreferredDividendMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstPreferredDividendMember" xml:lang="en-US" id="label_FirstPreferredDividendMember">First Preferred Dividend [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstPreferredDividendMember" xlink:to="label_FirstPreferredDividendMember" xlink:title="label: FirstPreferredDividendMember to label_FirstPreferredDividendMember"/>
    <label xlink:type="resource" xlink:label="label_FirstPreferredDividendMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstPreferredDividendMember" xml:lang="en-US" id="label_FirstPreferredDividendMember_2">1st Preferred dividend</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstPreferredDividendMember" xlink:to="label_FirstPreferredDividendMember_2" xlink:title="label: FirstPreferredDividendMember to label_FirstPreferredDividendMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_SecondPreferredDividendMember" xlink:label="SecondPreferredDividendMember" xlink:title="SecondPreferredDividendMember"/>
    <label xlink:type="resource" xlink:label="label_SecondPreferredDividendMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecondPreferredDividendMember" xml:lang="en-US" id="label_SecondPreferredDividendMember">Second Preferred Dividend [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondPreferredDividendMember" xlink:to="label_SecondPreferredDividendMember" xlink:title="label: SecondPreferredDividendMember to label_SecondPreferredDividendMember"/>
    <label xlink:type="resource" xlink:label="label_SecondPreferredDividendMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecondPreferredDividendMember" xml:lang="en-US" id="label_SecondPreferredDividendMember_2">2nd Preferred dividend</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondPreferredDividendMember" xlink:to="label_SecondPreferredDividendMember_2" xlink:title="label: SecondPreferredDividendMember to label_SecondPreferredDividendMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DividendsPayableLineItems" xlink:label="DividendsPayableLineItems" xlink:title="DividendsPayableLineItems"/>
    <label xlink:type="resource" xlink:label="label_DividendsPayableLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayableLineItems" xml:lang="en-US" id="label_DividendsPayableLineItems">Dividends Payable [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableLineItems" xlink:to="label_DividendsPayableLineItems" xlink:title="label: DividendsPayableLineItems to label_DividendsPayableLineItems"/>
    <label xlink:type="resource" xlink:label="label_DividendsPayableLineItems_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPayableLineItems" xml:lang="en-US" id="label_DividendsPayableLineItems_2">Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableLineItems" xlink:to="label_DividendsPayableLineItems_2" xlink:title="label: DividendsPayableLineItems to label_DividendsPayableLineItems"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DividendsPaidOtherSharesPerShare" xlink:label="DividendsPaidOtherSharesPerShare" xlink:title="DividendsPaidOtherSharesPerShare"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaidOtherSharesPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidOtherSharesPerShare" xml:lang="en-US" id="label_DividendsPaidOtherSharesPerShare">Dividends paid, other shares per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidOtherSharesPerShare" xlink:to="label_DividendsPaidOtherSharesPerShare" xlink:title="label: DividendsPaidOtherSharesPerShare to label_DividendsPaidOtherSharesPerShare"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaidOtherSharesPerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPaidOtherSharesPerShare" xml:lang="en-US" id="label_DividendsPaidOtherSharesPerShare_2">Dividends paid, preferred shares per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidOtherSharesPerShare" xlink:to="label_DividendsPaidOtherSharesPerShare_2" xlink:title="label: DividendsPaidOtherSharesPerShare to label_DividendsPaidOtherSharesPerShare"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DividendsPaidOtherShares" xlink:label="DividendsPaidOtherShares" xlink:title="DividendsPaidOtherShares"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaidOtherShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidOtherShares" xml:lang="en-US" id="label_DividendsPaidOtherShares">Dividends paid, other shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidOtherShares" xlink:to="label_DividendsPaidOtherShares" xlink:title="label: DividendsPaidOtherShares to label_DividendsPaidOtherShares"/>
    <label xlink:type="resource" xlink:label="label_DividendsPaidOtherShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPaidOtherShares" xml:lang="en-US" id="label_DividendsPaidOtherShares_2">Dividends paid, preferred shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidOtherShares" xlink:to="label_DividendsPaidOtherShares_2" xlink:title="label: DividendsPaidOtherShares to label_DividendsPaidOtherShares"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DividendsPayableDateDeclaredDayMonthAndYear" xlink:label="DividendsPayableDateDeclaredDayMonthAndYear" xlink:title="DividendsPayableDateDeclaredDayMonthAndYear"/>
    <label xlink:type="resource" xlink:label="label_DividendsPayableDateDeclaredDayMonthAndYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayableDateDeclaredDayMonthAndYear" xml:lang="en-US" id="label_DividendsPayableDateDeclaredDayMonthAndYear">Dividends Payable Date Declared Day Month And Year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableDateDeclaredDayMonthAndYear" xlink:to="label_DividendsPayableDateDeclaredDayMonthAndYear" xlink:title="label: DividendsPayableDateDeclaredDayMonthAndYear to label_DividendsPayableDateDeclaredDayMonthAndYear"/>
    <label xlink:type="resource" xlink:label="label_DividendsPayableDateDeclaredDayMonthAndYear_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPayableDateDeclaredDayMonthAndYear" xml:lang="en-US" id="label_DividendsPayableDateDeclaredDayMonthAndYear_2">Dividends Payable, Date Declared</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableDateDeclaredDayMonthAndYear" xlink:to="label_DividendsPayableDateDeclaredDayMonthAndYear_2" xlink:title="label: DividendsPayableDateDeclaredDayMonthAndYear to label_DividendsPayableDateDeclaredDayMonthAndYear"/>
    <label xlink:type="resource" xlink:label="label_DividendsPayableDateDeclaredDayMonthAndYear_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPayableDateDeclaredDayMonthAndYear" xml:lang="en-US" id="label_DividendsPayableDateDeclaredDayMonthAndYear_3">Date the dividend to be paid was declared, in CCYY-MM-DD format.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableDateDeclaredDayMonthAndYear" xlink:to="label_DividendsPayableDateDeclaredDayMonthAndYear_3" xlink:title="label: DividendsPayableDateDeclaredDayMonthAndYear to label_DividendsPayableDateDeclaredDayMonthAndYear"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DividendPayableDateToBePaidDayMonthAndYear" xlink:label="DividendPayableDateToBePaidDayMonthAndYear" xlink:title="DividendPayableDateToBePaidDayMonthAndYear"/>
    <label xlink:type="resource" xlink:label="label_DividendPayableDateToBePaidDayMonthAndYear" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendPayableDateToBePaidDayMonthAndYear" xml:lang="en-US" id="label_DividendPayableDateToBePaidDayMonthAndYear">Date the declared dividend will be paid, in CCYY-MM-DD format.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendPayableDateToBePaidDayMonthAndYear" xlink:to="label_DividendPayableDateToBePaidDayMonthAndYear" xlink:title="label: DividendPayableDateToBePaidDayMonthAndYear to label_DividendPayableDateToBePaidDayMonthAndYear"/>
    <label xlink:type="resource" xlink:label="label_DividendPayableDateToBePaidDayMonthAndYear_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendPayableDateToBePaidDayMonthAndYear" xml:lang="en-US" id="label_DividendPayableDateToBePaidDayMonthAndYear_2">Dividend Payable Date To Be Paid Day Month And Year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendPayableDateToBePaidDayMonthAndYear" xlink:to="label_DividendPayableDateToBePaidDayMonthAndYear_2" xlink:title="label: DividendPayableDateToBePaidDayMonthAndYear to label_DividendPayableDateToBePaidDayMonthAndYear"/>
    <label xlink:type="resource" xlink:label="label_DividendPayableDateToBePaidDayMonthAndYear_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendPayableDateToBePaidDayMonthAndYear" xml:lang="en-US" id="label_DividendPayableDateToBePaidDayMonthAndYear_3">Dividends Payable, Date to be Paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendPayableDateToBePaidDayMonthAndYear" xlink:to="label_DividendPayableDateToBePaidDayMonthAndYear_3" xlink:title="label: DividendPayableDateToBePaidDayMonthAndYear to label_DividendPayableDateToBePaidDayMonthAndYear"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:label="LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:title="LaterThanOneYearAndNotLaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanFiveYearsMember">Later than one year and not later than five years [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:title="label: LaterThanOneYearAndNotLaterThanFiveYearsMember to label_LaterThanOneYearAndNotLaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanFiveYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanFiveYearsMember_2">After one year but not more than five years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanFiveYearsMember_2" xlink:title="label: LaterThanOneYearAndNotLaterThanFiveYearsMember to label_LaterThanOneYearAndNotLaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanFiveYearsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanFiveYearsMember_3">1 to 5 years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanFiveYearsMember_3" xlink:title="label: LaterThanOneYearAndNotLaterThanFiveYearsMember to label_LaterThanOneYearAndNotLaterThanFiveYearsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AverageForeignExchangeRate" xlink:label="AverageForeignExchangeRate" xlink:title="AverageForeignExchangeRate"/>
    <label xlink:type="resource" xlink:label="label_AverageForeignExchangeRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AverageForeignExchangeRate" xml:lang="en-US" id="label_AverageForeignExchangeRate">Average foreign exchange rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageForeignExchangeRate" xlink:to="label_AverageForeignExchangeRate" xlink:title="label: AverageForeignExchangeRate to label_AverageForeignExchangeRate"/>
    <label xlink:type="resource" xlink:label="label_AverageForeignExchangeRate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AverageForeignExchangeRate" xml:lang="en-US" id="label_AverageForeignExchangeRate_2">Euro: US dollar exchange rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageForeignExchangeRate" xlink:to="label_AverageForeignExchangeRate_2" xlink:title="label: AverageForeignExchangeRate to label_AverageForeignExchangeRate"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:label="MajorComponentsOfTaxExpenseIncomeAbstract" xlink:title="MajorComponentsOfTaxExpenseIncomeAbstract"/>
    <label xlink:type="resource" xlink:label="label_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorComponentsOfTaxExpenseIncomeAbstract" xml:lang="en-US" id="label_MajorComponentsOfTaxExpenseIncomeAbstract">Income Tax [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorComponentsOfTaxExpenseIncomeAbstract" xlink:to="label_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:title="label: MajorComponentsOfTaxExpenseIncomeAbstract to label_MajorComponentsOfTaxExpenseIncomeAbstract"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DeferredDryDockingCostsMember" xlink:label="DeferredDryDockingCostsMember" xlink:title="DeferredDryDockingCostsMember"/>
    <label xlink:type="resource" xlink:label="label_DeferredDryDockingCostsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredDryDockingCostsMember" xml:lang="en-US" id="label_DeferredDryDockingCostsMember">Deferred Dry Docking Costs [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredDryDockingCostsMember" xlink:to="label_DeferredDryDockingCostsMember" xlink:title="label: DeferredDryDockingCostsMember to label_DeferredDryDockingCostsMember"/>
    <label xlink:type="resource" xlink:label="label_DeferredDryDockingCostsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredDryDockingCostsMember" xml:lang="en-US" id="label_DeferredDryDockingCostsMember_2">Deferred dry docking costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredDryDockingCostsMember" xlink:to="label_DeferredDryDockingCostsMember_2" xlink:title="label: DeferredDryDockingCostsMember to label_DeferredDryDockingCostsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CreationDateAxis" xlink:label="CreationDateAxis" xlink:title="CreationDateAxis"/>
    <label xlink:type="resource" xlink:label="label_CreationDateAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CreationDateAxis" xml:lang="en-US" id="label_CreationDateAxis">Creation Date [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreationDateAxis" xlink:to="label_CreationDateAxis" xlink:title="label: CreationDateAxis to label_CreationDateAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DefaultFinancialStatementsDateMember" xlink:label="DefaultFinancialStatementsDateMember" xlink:title="DefaultFinancialStatementsDateMember"/>
    <label xlink:type="resource" xlink:label="label_DefaultFinancialStatementsDateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefaultFinancialStatementsDateMember" xml:lang="en-US" id="label_DefaultFinancialStatementsDateMember">Default Financial Statements Date [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefaultFinancialStatementsDateMember" xlink:to="label_DefaultFinancialStatementsDateMember" xlink:title="label: DefaultFinancialStatementsDateMember to label_DefaultFinancialStatementsDateMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_JanuaryToJune2018Member" xlink:label="JanuaryToJune2018Member" xlink:title="JanuaryToJune2018Member"/>
    <label xlink:type="resource" xlink:label="label_JanuaryToJune2018Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JanuaryToJune2018Member" xml:lang="en-US" id="label_JanuaryToJune2018Member">January To June 2018 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JanuaryToJune2018Member" xlink:to="label_JanuaryToJune2018Member" xlink:title="label: JanuaryToJune2018Member to label_JanuaryToJune2018Member"/>
    <label xlink:type="resource" xlink:label="label_JanuaryToJune2018Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_JanuaryToJune2018Member" xml:lang="en-US" id="label_JanuaryToJune2018Member_2">From January 1, 2018 to June 30, 2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JanuaryToJune2018Member" xlink:to="label_JanuaryToJune2018Member_2" xlink:title="label: JanuaryToJune2018Member to label_JanuaryToJune2018Member"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AfterJune2018Member" xlink:label="AfterJune2018Member" xlink:title="AfterJune2018Member"/>
    <label xlink:type="resource" xlink:label="label_AfterJune2018Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AfterJune2018Member" xml:lang="en-US" id="label_AfterJune2018Member">After June 2018 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterJune2018Member" xlink:to="label_AfterJune2018Member" xlink:title="label: AfterJune2018Member to label_AfterJune2018Member"/>
    <label xlink:type="resource" xlink:label="label_AfterJune2018Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AfterJune2018Member" xml:lang="en-US" id="label_AfterJune2018Member_2">After June 30, 2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterJune2018Member" xlink:to="label_AfterJune2018Member_2" xlink:title="label: AfterJune2018Member to label_AfterJune2018Member"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ActualAmountMember" xlink:label="ActualAmountMember" xlink:title="ActualAmountMember"/>
    <label xlink:type="resource" xlink:label="label_ActualAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActualAmountMember" xml:lang="en-US" id="label_ActualAmountMember">Actual Amount [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActualAmountMember" xlink:to="label_ActualAmountMember" xlink:title="label: ActualAmountMember to label_ActualAmountMember"/>
    <label xlink:type="resource" xlink:label="label_ActualAmountMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActualAmountMember" xml:lang="en-US" id="label_ActualAmountMember_2">Actual Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActualAmountMember" xlink:to="label_ActualAmountMember_2" xlink:title="label: ActualAmountMember to label_ActualAmountMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:label="DisclosureOfFinancialInstrumentsAbstract" xlink:title="DisclosureOfFinancialInstrumentsAbstract"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialInstrumentsAbstract" xml:lang="en-US" id="label_DisclosureOfFinancialInstrumentsAbstract">Financial risk management objectives and policies [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialInstrumentsAbstract" xlink:to="label_DisclosureOfFinancialInstrumentsAbstract" xlink:title="label: DisclosureOfFinancialInstrumentsAbstract to label_DisclosureOfFinancialInstrumentsAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" xlink:label="DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" xlink:title="DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" xml:lang="en-US" id="label_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable">Disclosure of risk management strategy related to hedge accounting [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" xlink:to="label_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" xlink:title="label: DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable to label_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="TypesOfRisksAxis" xlink:title="TypesOfRisksAxis"/>
    <label xlink:type="resource" xlink:label="label_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfRisksAxis" xml:lang="en-US" id="label_TypesOfRisksAxis">Types of risks [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfRisksAxis" xlink:to="label_TypesOfRisksAxis" xlink:title="label: TypesOfRisksAxis to label_TypesOfRisksAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_TypesOfRisksMember" xlink:label="TypesOfRisksMember" xlink:title="TypesOfRisksMember"/>
    <label xlink:type="resource" xlink:label="label_TypesOfRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfRisksMember" xml:lang="en-US" id="label_TypesOfRisksMember">Risks [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfRisksMember" xlink:to="label_TypesOfRisksMember" xlink:title="label: TypesOfRisksMember to label_TypesOfRisksMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_InterestRateRiskMember" xlink:label="InterestRateRiskMember" xlink:title="InterestRateRiskMember"/>
    <label xlink:type="resource" xlink:label="label_InterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestRateRiskMember" xml:lang="en-US" id="label_InterestRateRiskMember">Interest rate risk [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateRiskMember" xlink:to="label_InterestRateRiskMember" xlink:title="label: InterestRateRiskMember to label_InterestRateRiskMember"/>
    <label xlink:type="resource" xlink:label="label_InterestRateRiskMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestRateRiskMember" xml:lang="en-US" id="label_InterestRateRiskMember_2">Interest rate risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateRiskMember" xlink:to="label_InterestRateRiskMember_2" xlink:title="label: InterestRateRiskMember to label_InterestRateRiskMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" xlink:label="DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" xlink:title="DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" xml:lang="en-US" id="label_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems">Disclosure of risk management strategy related to hedge accounting [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" xlink:to="label_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" xlink:title="label: DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems to label_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_IncreaseInInterestRates" xlink:label="IncreaseInInterestRates" xlink:title="IncreaseInInterestRates"/>
    <label xlink:type="resource" xlink:label="label_IncreaseInInterestRates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseInInterestRates" xml:lang="en-US" id="label_IncreaseInInterestRates">Increase in market interest rates expressed in basis points. One basis point is equivalent to one hundredth of a percent.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInInterestRates" xlink:to="label_IncreaseInInterestRates" xlink:title="label: IncreaseInInterestRates to label_IncreaseInInterestRates"/>
    <label xlink:type="resource" xlink:label="label_IncreaseInInterestRates_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseInInterestRates" xml:lang="en-US" id="label_IncreaseInInterestRates_2">Increase In Interest Rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInInterestRates" xlink:to="label_IncreaseInInterestRates_2" xlink:title="label: IncreaseInInterestRates to label_IncreaseInInterestRates"/>
    <label xlink:type="resource" xlink:label="label_IncreaseInInterestRates_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseInInterestRates" xml:lang="en-US" id="label_IncreaseInInterestRates_3">Increase in Libor</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInInterestRates" xlink:to="label_IncreaseInInterestRates_3" xlink:title="label: IncreaseInInterestRates to label_IncreaseInInterestRates"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DecreaseInInterestRates" xlink:label="DecreaseInInterestRates" xlink:title="DecreaseInInterestRates"/>
    <label xlink:type="resource" xlink:label="label_DecreaseInInterestRates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecreaseInInterestRates" xml:lang="en-US" id="label_DecreaseInInterestRates">Decrease in market interest rates expressed in basis points. One basis point is equivalent to one hundredth of a percent.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInInterestRates" xlink:to="label_DecreaseInInterestRates" xlink:title="label: DecreaseInInterestRates to label_DecreaseInInterestRates"/>
    <label xlink:type="resource" xlink:label="label_DecreaseInInterestRates_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseInInterestRates" xml:lang="en-US" id="label_DecreaseInInterestRates_2">Decrease In Interest Rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInInterestRates" xlink:to="label_DecreaseInInterestRates_2" xlink:title="label: DecreaseInInterestRates to label_DecreaseInInterestRates"/>
    <label xlink:type="resource" xlink:label="label_DecreaseInInterestRates_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreaseInInterestRates" xml:lang="en-US" id="label_DecreaseInInterestRates_3">Decrease in Libor</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInInterestRates" xlink:to="label_DecreaseInInterestRates_3" xlink:title="label: DecreaseInInterestRates to label_DecreaseInInterestRates"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_SensitivityAnalysisForEachTypeOfMarketRiskPositiveEffectOnProfit" xlink:label="SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit" xlink:title="SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit"/>
    <label xlink:type="resource" xlink:label="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit" xml:lang="en-US" id="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit">Sensitivity Analysis For Each Type Of Market Risk Positive Effect On Profit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit" xlink:to="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit" xlink:title="label: SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit to label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit"/>
    <label xlink:type="resource" xlink:label="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit" xml:lang="en-US" id="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit_2">Effect on loss (Decrease in Libor)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit" xlink:to="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit_2" xlink:title="label: SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit to label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit"/>
    <label xlink:type="resource" xlink:label="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit" xml:lang="en-US" id="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit_3">Amount of the positive effect on profit or loss as a result of the conduct of a sensitivity analysis for types of market risk to which the entity is exposed, showing how profit or loss would have been affected by changes in the relevant risk variable that were reasonably possible at that date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit" xlink:to="label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit_3" xlink:title="label: SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit to label_SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit"/>
    <label xlink:type="resource" xlink:label="label_SensitivityAnalysisForEachTypeOfMarketRiskPositiveEffectOnProfit" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SensitivityAnalysisForEachTypeOfMarketRiskPositiveEffectOnProfit" xml:lang="en-US" id="label_SensitivityAnalysisForEachTypeOfMarketRiskPositiveEffectOnProfit">Effect on loss (Decrease in Euro exchange rate)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SensitivityAnalysisForEachTypeOfMarketRiskEffectOnProfit" xlink:to="label_SensitivityAnalysisForEachTypeOfMarketRiskPositiveEffectOnProfit" xlink:title="label: SensitivityAnalysisForEachTypeOfMarketRiskPositiveEffectOnProfit to label_SensitivityAnalysisForEachTypeOfMarketRiskPositiveEffectOnProfit"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrencyRiskMember" xlink:label="CurrencyRiskMember" xlink:title="CurrencyRiskMember"/>
    <label xlink:type="resource" xlink:label="label_CurrencyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrencyRiskMember" xml:lang="en-US" id="label_CurrencyRiskMember">Currency risk [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyRiskMember" xlink:to="label_CurrencyRiskMember" xlink:title="label: CurrencyRiskMember to label_CurrencyRiskMember"/>
    <label xlink:type="resource" xlink:label="label_CurrencyRiskMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrencyRiskMember" xml:lang="en-US" id="label_CurrencyRiskMember_2">Currency risk</label>
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_IncreaseInExchangeRates" xlink:label="IncreaseInExchangeRates" xlink:title="IncreaseInExchangeRates"/>
    <label xlink:type="resource" xlink:label="label_IncreaseInExchangeRates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseInExchangeRates" xml:lang="en-US" id="label_IncreaseInExchangeRates">Increase In Exchange Rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInExchangeRates" xlink:to="label_IncreaseInExchangeRates" xlink:title="label: IncreaseInExchangeRates to label_IncreaseInExchangeRates"/>
    <label xlink:type="resource" xlink:label="label_IncreaseInExchangeRates_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseInExchangeRates" xml:lang="en-US" id="label_IncreaseInExchangeRates_2">Increase in Euro exchange rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInExchangeRates" xlink:to="label_IncreaseInExchangeRates_2" xlink:title="label: IncreaseInExchangeRates to label_IncreaseInExchangeRates"/>
    <label xlink:type="resource" xlink:label="label_IncreaseInExchangeRates_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseInExchangeRates" xml:lang="en-US" id="label_IncreaseInExchangeRates_3">Increase in market exchange rates expressed as a percentage.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInExchangeRates" xlink:to="label_IncreaseInExchangeRates_3" xlink:title="label: IncreaseInExchangeRates to label_IncreaseInExchangeRates"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DecreaseInExchangeRates" xlink:label="DecreaseInExchangeRates" xlink:title="DecreaseInExchangeRates"/>
    <label xlink:type="resource" xlink:label="label_DecreaseInExchangeRates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseInExchangeRates" xml:lang="en-US" id="label_DecreaseInExchangeRates">Decrease In Exchange Rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInExchangeRates" xlink:to="label_DecreaseInExchangeRates" xlink:title="label: DecreaseInExchangeRates to label_DecreaseInExchangeRates"/>
    <label xlink:type="resource" xlink:label="label_DecreaseInExchangeRates_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreaseInExchangeRates" xml:lang="en-US" id="label_DecreaseInExchangeRates_2">Decrease in Euro exchange rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInExchangeRates" xlink:to="label_DecreaseInExchangeRates_2" xlink:title="label: DecreaseInExchangeRates to label_DecreaseInExchangeRates"/>
    <label xlink:type="resource" xlink:label="label_DecreaseInExchangeRates_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecreaseInExchangeRates" xml:lang="en-US" id="label_DecreaseInExchangeRates_3">Decrease in market exchange rates expressed as a percentage.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInExchangeRates" xlink:to="label_DecreaseInExchangeRates_3" xlink:title="label: DecreaseInExchangeRates to label_DecreaseInExchangeRates"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfOffsettingOfFinancialAssetsTable" xlink:label="DisclosureOfOffsettingOfFinancialAssetsTable" xlink:title="DisclosureOfOffsettingOfFinancialAssetsTable"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfOffsettingOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOffsettingOfFinancialAssetsTable" xml:lang="en-US" id="label_DisclosureOfOffsettingOfFinancialAssetsTable">Disclosure of offsetting of financial assets [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOffsettingOfFinancialAssetsTable" xlink:to="label_DisclosureOfOffsettingOfFinancialAssetsTable" xlink:title="label: DisclosureOfOffsettingOfFinancialAssetsTable to label_DisclosureOfOffsettingOfFinancialAssetsTable"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CounterpartiesAxis" xlink:label="CounterpartiesAxis" xlink:title="CounterpartiesAxis"/>
    <label xlink:type="resource" xlink:label="label_CounterpartiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CounterpartiesAxis" xml:lang="en-US" id="label_CounterpartiesAxis">Counterparties [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartiesAxis" xlink:to="label_CounterpartiesAxis" xlink:title="label: CounterpartiesAxis to label_CounterpartiesAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CounterpartiesMember" xlink:label="CounterpartiesMember" xlink:title="CounterpartiesMember"/>
    <label xlink:type="resource" xlink:label="label_CounterpartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CounterpartiesMember" xml:lang="en-US" id="label_CounterpartiesMember">Counterparties [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartiesMember" xlink:to="label_CounterpartiesMember" xlink:title="label: CounterpartiesMember to label_CounterpartiesMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MajorChartererMember" xlink:label="MajorChartererMember" xlink:title="MajorChartererMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorChartererMember" xml:lang="en-US" id="label_MajorChartererMember">Major Charterer A [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererMember" xlink:to="label_MajorChartererMember" xlink:title="label: MajorChartererMember to label_MajorChartererMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MajorChartererMember" xml:lang="en-US" id="label_MajorChartererMember_2">Major charterer A</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererMember" xlink:to="label_MajorChartererMember_2" xlink:title="label: MajorChartererMember to label_MajorChartererMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MajorChartererMember" xml:lang="en-US" id="label_MajorChartererMember_3">A</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererMember" xlink:to="label_MajorChartererMember_3" xlink:title="label: MajorChartererMember to label_MajorChartererMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MajorChartererBMember" xlink:label="MajorChartererBMember" xlink:title="MajorChartererBMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererBMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorChartererBMember" xml:lang="en-US" id="label_MajorChartererBMember">Major Charterer B [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererBMember" xlink:to="label_MajorChartererBMember" xlink:title="label: MajorChartererBMember to label_MajorChartererBMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererBMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MajorChartererBMember" xml:lang="en-US" id="label_MajorChartererBMember_2">Major charterer B</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererBMember" xlink:to="label_MajorChartererBMember_2" xlink:title="label: MajorChartererBMember to label_MajorChartererBMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererBMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MajorChartererBMember" xml:lang="en-US" id="label_MajorChartererBMember_3">B</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererBMember" xlink:to="label_MajorChartererBMember_3" xlink:title="label: MajorChartererBMember to label_MajorChartererBMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MajorChartererCMember" xlink:label="MajorChartererCMember" xlink:title="MajorChartererCMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorChartererCMember" xml:lang="en-US" id="label_MajorChartererCMember">Major Charterer C [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererCMember" xlink:to="label_MajorChartererCMember" xlink:title="label: MajorChartererCMember to label_MajorChartererCMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererCMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MajorChartererCMember" xml:lang="en-US" id="label_MajorChartererCMember_2">Major charterer C</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererCMember" xlink:to="label_MajorChartererCMember_2" xlink:title="label: MajorChartererCMember to label_MajorChartererCMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererCMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MajorChartererCMember" xml:lang="en-US" id="label_MajorChartererCMember_3">C</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererCMember" xlink:to="label_MajorChartererCMember_3" xlink:title="label: MajorChartererCMember to label_MajorChartererCMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MajorChartererDMember" xlink:label="MajorChartererDMember" xlink:title="MajorChartererDMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererDMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorChartererDMember" xml:lang="en-US" id="label_MajorChartererDMember">Major Charterer D [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererDMember" xlink:to="label_MajorChartererDMember" xlink:title="label: MajorChartererDMember to label_MajorChartererDMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererDMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MajorChartererDMember" xml:lang="en-US" id="label_MajorChartererDMember_2">Major charterer D</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererDMember" xlink:to="label_MajorChartererDMember_2" xlink:title="label: MajorChartererDMember to label_MajorChartererDMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererDMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MajorChartererDMember" xml:lang="en-US" id="label_MajorChartererDMember_3">D</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererDMember" xlink:to="label_MajorChartererDMember_3" xlink:title="label: MajorChartererDMember to label_MajorChartererDMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_OtherMajorCharterersMember" xlink:label="OtherMajorCharterersMember" xlink:title="OtherMajorCharterersMember"/>
    <label xlink:type="resource" xlink:label="label_OtherMajorCharterersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherMajorCharterersMember" xml:lang="en-US" id="label_OtherMajorCharterersMember">Other Major Charterers [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherMajorCharterersMember" xlink:to="label_OtherMajorCharterersMember" xlink:title="label: OtherMajorCharterersMember to label_OtherMajorCharterersMember"/>
    <label xlink:type="resource" xlink:label="label_OtherMajorCharterersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherMajorCharterersMember" xml:lang="en-US" id="label_OtherMajorCharterersMember_2">Other major charterers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherMajorCharterersMember" xlink:to="label_OtherMajorCharterersMember_2" xlink:title="label: OtherMajorCharterersMember to label_OtherMajorCharterersMember"/>
    <label xlink:type="resource" xlink:label="label_OtherMajorCharterersMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherMajorCharterersMember" xml:lang="en-US" id="label_OtherMajorCharterersMember_3">Other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherMajorCharterersMember" xlink:to="label_OtherMajorCharterersMember_3" xlink:title="label: OtherMajorCharterersMember to label_OtherMajorCharterersMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfOffsettingOfFinancialAssetsLineItems" xlink:label="DisclosureOfOffsettingOfFinancialAssetsLineItems" xlink:title="DisclosureOfOffsettingOfFinancialAssetsLineItems"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfOffsettingOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOffsettingOfFinancialAssetsLineItems" xml:lang="en-US" id="label_DisclosureOfOffsettingOfFinancialAssetsLineItems">Disclosure of offsetting of financial assets [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOffsettingOfFinancialAssetsLineItems" xlink:to="label_DisclosureOfOffsettingOfFinancialAssetsLineItems" xlink:title="label: DisclosureOfOffsettingOfFinancialAssetsLineItems to label_DisclosureOfOffsettingOfFinancialAssetsLineItems"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PercentageOfEntitysRevenue" xlink:label="PercentageOfEntitysRevenue" xlink:title="PercentageOfEntitysRevenue"/>
    <label xlink:type="resource" xlink:label="label_PercentageOfEntitysRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfEntitysRevenue" xml:lang="en-US" id="label_PercentageOfEntitysRevenue">Percentage Of Entitys Revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEntitysRevenue" xlink:to="label_PercentageOfEntitysRevenue" xlink:title="label: PercentageOfEntitysRevenue to label_PercentageOfEntitysRevenue"/>
    <label xlink:type="resource" xlink:label="label_PercentageOfEntitysRevenue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfEntitysRevenue" xml:lang="en-US" id="label_PercentageOfEntitysRevenue_2">Percentage of entity's revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEntitysRevenue" xlink:to="label_PercentageOfEntitysRevenue_2" xlink:title="label: PercentageOfEntitysRevenue to label_PercentageOfEntitysRevenue"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:label="DisclosureOfFinancialLiabilitiesTable" xlink:title="DisclosureOfFinancialLiabilitiesTable"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialLiabilitiesTable" xml:lang="en-US" id="label_DisclosureOfFinancialLiabilitiesTable">Disclosure of financial liabilities [table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialLiabilitiesTable" xlink:to="label_DisclosureOfFinancialLiabilitiesTable" xlink:title="label: DisclosureOfFinancialLiabilitiesTable to label_DisclosureOfFinancialLiabilitiesTable"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NotLaterThanThreeMonthsMember" xlink:label="NotLaterThanThreeMonthsMember" xlink:title="NotLaterThanThreeMonthsMember"/>
    <label xlink:type="resource" xlink:label="label_NotLaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotLaterThanThreeMonthsMember" xml:lang="en-US" id="label_NotLaterThanThreeMonthsMember">Not later than three months [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanThreeMonthsMember" xlink:to="label_NotLaterThanThreeMonthsMember" xlink:title="label: NotLaterThanThreeMonthsMember to label_NotLaterThanThreeMonthsMember"/>
    <label xlink:type="resource" xlink:label="label_NotLaterThanThreeMonthsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotLaterThanThreeMonthsMember" xml:lang="en-US" id="label_NotLaterThanThreeMonthsMember_2">Less than 3 months</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanThreeMonthsMember" xlink:to="label_NotLaterThanThreeMonthsMember_2" xlink:title="label: NotLaterThanThreeMonthsMember to label_NotLaterThanThreeMonthsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:label="LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:title="LaterThanThreeMonthsAndNotLaterThanSixMonthsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xml:lang="en-US" id="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember">Later than three months and not later than six months [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:to="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:title="label: LaterThanThreeMonthsAndNotLaterThanSixMonthsMember to label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xml:lang="en-US" id="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_2">3 to 12 months</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:to="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_2" xlink:title="label: LaterThanThreeMonthsAndNotLaterThanSixMonthsMember to label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:label="LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:title="LaterThanThreeMonthsAndNotLaterThanOneYearMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xml:lang="en-US" id="label_LaterThanThreeMonthsAndNotLaterThanOneYearMember">Later than three months and not later than one year [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:to="label_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:title="label: LaterThanThreeMonthsAndNotLaterThanOneYearMember to label_LaterThanThreeMonthsAndNotLaterThanOneYearMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanThreeMonthsAndNotLaterThanOneYearMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xml:lang="en-US" id="label_LaterThanThreeMonthsAndNotLaterThanOneYearMember_2">3 to 12 months</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:to="label_LaterThanThreeMonthsAndNotLaterThanOneYearMember_2" xlink:title="label: LaterThanThreeMonthsAndNotLaterThanOneYearMember to label_LaterThanThreeMonthsAndNotLaterThanOneYearMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:label="DisclosureOfFinancialLiabilitiesLineItems" xlink:title="DisclosureOfFinancialLiabilitiesLineItems"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialLiabilitiesLineItems" xml:lang="en-US" id="label_DisclosureOfFinancialLiabilitiesLineItems">Disclosure of financial liabilities [line items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialLiabilitiesLineItems" xlink:to="label_DisclosureOfFinancialLiabilitiesLineItems" xlink:title="label: DisclosureOfFinancialLiabilitiesLineItems to label_DisclosureOfFinancialLiabilitiesLineItems"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_FinancialLiabilities" xlink:label="FinancialLiabilities" xlink:title="FinancialLiabilities"/>
    <label xlink:type="resource" xlink:label="label_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilities" xml:lang="en-US" id="label_FinancialLiabilities">Financial liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilities" xlink:to="label_FinancialLiabilities" xlink:title="label: FinancialLiabilities to label_FinancialLiabilities"/>
    <label xlink:type="resource" xlink:label="label_FinancialLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialLiabilities" xml:lang="en-US" id="label_FinancialLiabilities_2">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilities" xlink:to="label_FinancialLiabilities_2" xlink:title="label: FinancialLiabilities to label_FinancialLiabilities"/>
    <label xlink:type="resource" xlink:label="label_FinancialLiabilities_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FinancialLiabilities" xml:lang="en-US" id="label_FinancialLiabilities_3">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilities" xlink:to="label_FinancialLiabilities_3" xlink:title="label: FinancialLiabilities to label_FinancialLiabilities"/>
    <label xlink:type="resource" xlink:label="label_FinancialLiabilities_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialLiabilities" xml:lang="en-US" id="label_FinancialLiabilities_4">Long -term borrowings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilities" xlink:to="label_FinancialLiabilities_4" xlink:title="label: FinancialLiabilities to label_FinancialLiabilities"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:title="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xml:lang="en-US" id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents">Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xml:lang="en-US" id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2">Cash (including restricted cash)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xml:lang="en-US" id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_3">Amount of cash and cash equivalents including cash and cash equivalents restricted to withdrawal or usage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_3" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xml:lang="en-US" id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_4">Less: Cash and bank balances and bank deposits (including restricted cash)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_4" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_5" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xml:lang="en-US" id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_5">Cash (including restricted cash)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_5" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NetDebt" xlink:label="NetDebt" xlink:title="NetDebt"/>
    <label xlink:type="resource" xlink:label="label_NetDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetDebt" xml:lang="en-US" id="label_NetDebt">Net Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDebt" xlink:to="label_NetDebt" xlink:title="label: NetDebt to label_NetDebt"/>
    <label xlink:type="resource" xlink:label="label_NetDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetDebt" xml:lang="en-US" id="label_NetDebt_2">Net debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDebt" xlink:to="label_NetDebt_2" xlink:title="label: NetDebt to label_NetDebt"/>
    <label xlink:type="resource" xlink:label="label_NetDebt_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetDebt" xml:lang="en-US" id="label_NetDebt_3">Net debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDebt" xlink:to="label_NetDebt_3" xlink:title="label: NetDebt to label_NetDebt"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_PropertyPlantAndEquipmentFairValueAdjustment" xlink:label="PropertyPlantAndEquipmentFairValueAdjustment" xlink:title="PropertyPlantAndEquipmentFairValueAdjustment"/>
    <label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentFairValueAdjustment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentFairValueAdjustment" xml:lang="en-US" id="label_PropertyPlantAndEquipmentFairValueAdjustment">Property Plant And Equipment Fair Value Adjustment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentFairValueAdjustment" xlink:to="label_PropertyPlantAndEquipmentFairValueAdjustment" xlink:title="label: PropertyPlantAndEquipmentFairValueAdjustment to label_PropertyPlantAndEquipmentFairValueAdjustment"/>
    <label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentFairValueAdjustment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentFairValueAdjustment" xml:lang="en-US" id="label_PropertyPlantAndEquipmentFairValueAdjustment_2">Adjustment for the market value of vessels (charter-free)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentFairValueAdjustment" xlink:to="label_PropertyPlantAndEquipmentFairValueAdjustment_2" xlink:title="label: PropertyPlantAndEquipmentFairValueAdjustment to label_PropertyPlantAndEquipmentFairValueAdjustment"/>
    <label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentFairValueAdjustment_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyPlantAndEquipmentFairValueAdjustment" xml:lang="en-US" id="label_PropertyPlantAndEquipmentFairValueAdjustment_3">Amount of addition (reduction) to the property plant and equipment from carrying amount to fair value, when the fair value is materially different from the carrying amount.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentFairValueAdjustment" xlink:to="label_PropertyPlantAndEquipmentFairValueAdjustment_3" xlink:title="label: PropertyPlantAndEquipmentFairValueAdjustment to label_PropertyPlantAndEquipmentFairValueAdjustment"/>
    <label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentFairValueAdjustment_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PropertyPlantAndEquipmentFairValueAdjustment" xml:lang="en-US" id="label_PropertyPlantAndEquipmentFairValueAdjustment_4">Adjustment for the market value of vessels (charter-free)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentFairValueAdjustment" xlink:to="label_PropertyPlantAndEquipmentFairValueAdjustment_4" xlink:title="label: PropertyPlantAndEquipmentFairValueAdjustment to label_PropertyPlantAndEquipmentFairValueAdjustment"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AdjustedBookCapitalisation" xlink:label="AdjustedBookCapitalisation" xlink:title="AdjustedBookCapitalisation"/>
    <label xlink:type="resource" xlink:label="label_AdjustedBookCapitalisation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustedBookCapitalisation" xml:lang="en-US" id="label_AdjustedBookCapitalisation">Adjusted Book Capitalisation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedBookCapitalisation" xlink:to="label_AdjustedBookCapitalisation" xlink:title="label: AdjustedBookCapitalisation to label_AdjustedBookCapitalisation"/>
    <label xlink:type="resource" xlink:label="label_AdjustedBookCapitalisation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustedBookCapitalisation" xml:lang="en-US" id="label_AdjustedBookCapitalisation_2">Adjusted book capitalization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedBookCapitalisation" xlink:to="label_AdjustedBookCapitalisation_2" xlink:title="label: AdjustedBookCapitalisation to label_AdjustedBookCapitalisation"/>
    <label xlink:type="resource" xlink:label="label_AdjustedBookCapitalisation_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustedBookCapitalisation" xml:lang="en-US" id="label_AdjustedBookCapitalisation_3">The adjusted amount of assets less the amount of liabilities taking into consideration all required fair value adjustments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedBookCapitalisation" xlink:to="label_AdjustedBookCapitalisation_3" xlink:title="label: AdjustedBookCapitalisation to label_AdjustedBookCapitalisation"/>
    <label xlink:type="resource" xlink:label="label_AdjustedBookCapitalisation_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AdjustedBookCapitalisation" xml:lang="en-US" id="label_AdjustedBookCapitalisation_4">Adjusted book capitalization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedBookCapitalisation" xlink:to="label_AdjustedBookCapitalisation_4" xlink:title="label: AdjustedBookCapitalisation to label_AdjustedBookCapitalisation"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_AdjustedBookCapiltaisationPlusNetDebt" xlink:label="AdjustedBookCapiltaisationPlusNetDebt" xlink:title="AdjustedBookCapiltaisationPlusNetDebt"/>
    <label xlink:type="resource" xlink:label="label_AdjustedBookCapiltaisationPlusNetDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustedBookCapiltaisationPlusNetDebt" xml:lang="en-US" id="label_AdjustedBookCapiltaisationPlusNetDebt">Adjusted Book Capiltaisation Plus Net Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedBookCapiltaisationPlusNetDebt" xlink:to="label_AdjustedBookCapiltaisationPlusNetDebt" xlink:title="label: AdjustedBookCapiltaisationPlusNetDebt to label_AdjustedBookCapiltaisationPlusNetDebt"/>
    <label xlink:type="resource" xlink:label="label_AdjustedBookCapiltaisationPlusNetDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustedBookCapiltaisationPlusNetDebt" xml:lang="en-US" id="label_AdjustedBookCapiltaisationPlusNetDebt_2">Adjusted book capitalization plus net debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedBookCapiltaisationPlusNetDebt" xlink:to="label_AdjustedBookCapiltaisationPlusNetDebt_2" xlink:title="label: AdjustedBookCapiltaisationPlusNetDebt to label_AdjustedBookCapiltaisationPlusNetDebt"/>
    <label xlink:type="resource" xlink:label="label_AdjustedBookCapiltaisationPlusNetDebt_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustedBookCapiltaisationPlusNetDebt" xml:lang="en-US" id="label_AdjustedBookCapiltaisationPlusNetDebt_3">The adjusted amount of assets less the amount of liabilities taking into consideration all required fair value adjustments plus the amount of net debt of the entity.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedBookCapiltaisationPlusNetDebt" xlink:to="label_AdjustedBookCapiltaisationPlusNetDebt_3" xlink:title="label: AdjustedBookCapiltaisationPlusNetDebt to label_AdjustedBookCapiltaisationPlusNetDebt"/>
    <label xlink:type="resource" xlink:label="label_AdjustedBookCapiltaisationPlusNetDebt_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AdjustedBookCapiltaisationPlusNetDebt" xml:lang="en-US" id="label_AdjustedBookCapiltaisationPlusNetDebt_4">Adjusted book capitalization plus net debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedBookCapiltaisationPlusNetDebt" xlink:to="label_AdjustedBookCapiltaisationPlusNetDebt_4" xlink:title="label: AdjustedBookCapiltaisationPlusNetDebt to label_AdjustedBookCapiltaisationPlusNetDebt"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xlink:label="NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xlink:title="NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio"/>
    <label xlink:type="resource" xlink:label="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xml:lang="en-US" id="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio">Net Debt To Adjusted Book Capitalisation Plus Net Debt Ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xlink:to="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xlink:title="label: NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio to label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio"/>
    <label xlink:type="resource" xlink:label="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xml:lang="en-US" id="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio_2">Ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xlink:to="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio_2" xlink:title="label: NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio to label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio"/>
    <label xlink:type="resource" xlink:label="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xml:lang="en-US" id="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio_3">The net debt to adjusted book capitalisation plus net debt ratio.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xlink:to="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio_3" xlink:title="label: NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio to label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio"/>
    <label xlink:type="resource" xlink:label="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xml:lang="en-US" id="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio_4">Net debt to adjusted book capitalisation plus net debt ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio" xlink:to="label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio_4" xlink:title="label: NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio to label_NetDebtToAdjustedBookCapitalisationPlusNetDebtRatio"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:label="DisclosureOfFinancialInstrumentsTable" xlink:title="DisclosureOfFinancialInstrumentsTable"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialInstrumentsTable" xml:lang="en-US" id="label_DisclosureOfFinancialInstrumentsTable">Disclosure of detailed information about financial instruments [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialInstrumentsTable" xlink:to="label_DisclosureOfFinancialInstrumentsTable" xlink:title="label: DisclosureOfFinancialInstrumentsTable to label_DisclosureOfFinancialInstrumentsTable"/>
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    <label xlink:type="resource" xlink:label="label_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TopOfRangeMember" xml:lang="en-US" id="label_TopOfRangeMember">Top of range [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TopOfRangeMember" xlink:to="label_TopOfRangeMember" xlink:title="label: TopOfRangeMember to label_TopOfRangeMember"/>
    <label xlink:type="resource" xlink:label="label_TopOfRangeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TopOfRangeMember" xml:lang="en-US" id="label_TopOfRangeMember_2">Maximum</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:label="DisclosureOfFinancialInstrumentsLineItems" xlink:title="DisclosureOfFinancialInstrumentsLineItems"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialInstrumentsLineItems" xml:lang="en-US" id="label_DisclosureOfFinancialInstrumentsLineItems">Disclosure of detailed information about financial instruments [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialInstrumentsLineItems" xlink:to="label_DisclosureOfFinancialInstrumentsLineItems" xlink:title="label: DisclosureOfFinancialInstrumentsLineItems to label_DisclosureOfFinancialInstrumentsLineItems"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BorrowingsPercentageBearingFixedInterestRate" xlink:label="BorrowingsPercentageBearingFixedInterestRate" xlink:title="BorrowingsPercentageBearingFixedInterestRate"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsPercentageBearingFixedInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsPercentageBearingFixedInterestRate" xml:lang="en-US" id="label_BorrowingsPercentageBearingFixedInterestRate">Borrowings Percentage Bearing Fixed Interest Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsPercentageBearingFixedInterestRate" xlink:to="label_BorrowingsPercentageBearingFixedInterestRate" xlink:title="label: BorrowingsPercentageBearingFixedInterestRate to label_BorrowingsPercentageBearingFixedInterestRate"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsPercentageBearingFixedInterestRate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsPercentageBearingFixedInterestRate" xml:lang="en-US" id="label_BorrowingsPercentageBearingFixedInterestRate_2">Borrowings, Percentage Bearing Fixed Interest, Percentage Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsPercentageBearingFixedInterestRate" xlink:to="label_BorrowingsPercentageBearingFixedInterestRate_2" xlink:title="label: BorrowingsPercentageBearingFixedInterestRate to label_BorrowingsPercentageBearingFixedInterestRate"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsPercentageBearingFixedInterestRate_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BorrowingsPercentageBearingFixedInterestRate" xml:lang="en-US" id="label_BorrowingsPercentageBearingFixedInterestRate_3">The percentage of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsPercentageBearingFixedInterestRate" xlink:to="label_BorrowingsPercentageBearingFixedInterestRate_3" xlink:title="label: BorrowingsPercentageBearingFixedInterestRate to label_BorrowingsPercentageBearingFixedInterestRate"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:label="DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:title="DisclosureOfFairValueMeasurementOfAssetsAbstract"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFairValueMeasurementOfAssetsAbstract" xml:lang="en-US" id="label_DisclosureOfFairValueMeasurementOfAssetsAbstract">Disclosure of fair value measurement of assets [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:to="label_DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:title="label: DisclosureOfFairValueMeasurementOfAssetsAbstract to label_DisclosureOfFairValueMeasurementOfAssetsAbstract"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:label="DisclosureOfFairValueMeasurementOfAssetsTable" xlink:title="DisclosureOfFairValueMeasurementOfAssetsTable"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFairValueMeasurementOfAssetsTable" xml:lang="en-US" id="label_DisclosureOfFairValueMeasurementOfAssetsTable">Disclosure of fair value measurement of assets [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFairValueMeasurementOfAssetsTable" xlink:to="label_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:title="label: DisclosureOfFairValueMeasurementOfAssetsTable to label_DisclosureOfFairValueMeasurementOfAssetsTable"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="LevelsOfFairValueHierarchyAxis" xlink:title="LevelsOfFairValueHierarchyAxis"/>
    <label xlink:type="resource" xlink:label="label_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LevelsOfFairValueHierarchyAxis" xml:lang="en-US" id="label_LevelsOfFairValueHierarchyAxis">Levels of fair value hierarchy [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LevelsOfFairValueHierarchyAxis" xlink:to="label_LevelsOfFairValueHierarchyAxis" xlink:title="label: LevelsOfFairValueHierarchyAxis to label_LevelsOfFairValueHierarchyAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:label="AllLevelsOfFairValueHierarchyMember" xlink:title="AllLevelsOfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:label="label_AllLevelsOfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllLevelsOfFairValueHierarchyMember" xml:lang="en-US" id="label_AllLevelsOfFairValueHierarchyMember">All levels of fair value hierarchy [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllLevelsOfFairValueHierarchyMember" xlink:to="label_AllLevelsOfFairValueHierarchyMember" xlink:title="label: AllLevelsOfFairValueHierarchyMember to label_AllLevelsOfFairValueHierarchyMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="Level2OfFairValueHierarchyMember" xlink:title="Level2OfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:label="label_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Level2OfFairValueHierarchyMember" xml:lang="en-US" id="label_Level2OfFairValueHierarchyMember">Level 2 of fair value hierarchy [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level2OfFairValueHierarchyMember" xlink:to="label_Level2OfFairValueHierarchyMember" xlink:title="label: Level2OfFairValueHierarchyMember to label_Level2OfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:label="label_Level2OfFairValueHierarchyMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Level2OfFairValueHierarchyMember" xml:lang="en-US" id="label_Level2OfFairValueHierarchyMember_2">Level 2</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level2OfFairValueHierarchyMember" xlink:to="label_Level2OfFairValueHierarchyMember_2" xlink:title="label: Level2OfFairValueHierarchyMember to label_Level2OfFairValueHierarchyMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:label="DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:title="DisclosureOfFairValueMeasurementOfAssetsLineItems"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFairValueMeasurementOfAssetsLineItems" xml:lang="en-US" id="label_DisclosureOfFairValueMeasurementOfAssetsLineItems">Disclosure of fair value measurement of assets [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:to="label_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:title="label: DisclosureOfFairValueMeasurementOfAssetsLineItems to label_DisclosureOfFairValueMeasurementOfAssetsLineItems"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValue" xlink:label="FinancialLiabilitiesAtFairValue" xlink:title="FinancialLiabilitiesAtFairValue"/>
    <label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilitiesAtFairValue" xml:lang="en-US" id="label_FinancialLiabilitiesAtFairValue">Financial liabilities, at fair value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtFairValue" xlink:to="label_FinancialLiabilitiesAtFairValue" xlink:title="label: FinancialLiabilitiesAtFairValue to label_FinancialLiabilitiesAtFairValue"/>
    <label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAtFairValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialLiabilitiesAtFairValue" xml:lang="en-US" id="label_FinancialLiabilitiesAtFairValue_2">Long term borrowings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtFairValue" xlink:to="label_FinancialLiabilitiesAtFairValue_2" xlink:title="label: FinancialLiabilitiesAtFairValue to label_FinancialLiabilitiesAtFairValue"/>
    <label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAtFairValue_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialLiabilitiesAtFairValue" xml:lang="en-US" id="label_FinancialLiabilitiesAtFairValue_3">Financial liabilities at fair value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtFairValue" xlink:to="label_FinancialLiabilitiesAtFairValue_3" xlink:title="label: FinancialLiabilitiesAtFairValue to label_FinancialLiabilitiesAtFairValue"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:label="FinancialLiabilitiesAtAmortisedCost" xlink:title="FinancialLiabilitiesAtAmortisedCost"/>
    <label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilitiesAtAmortisedCost" xml:lang="en-US" id="label_FinancialLiabilitiesAtAmortisedCost">Financial liabilities at amortised cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtAmortisedCost" xlink:to="label_FinancialLiabilitiesAtAmortisedCost" xlink:title="label: FinancialLiabilitiesAtAmortisedCost to label_FinancialLiabilitiesAtAmortisedCost"/>
    <label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAtAmortisedCost_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialLiabilitiesAtAmortisedCost" xml:lang="en-US" id="label_FinancialLiabilitiesAtAmortisedCost_2">Debt at amortised cost (long &amp; short-term borrowings)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtAmortisedCost" xlink:to="label_FinancialLiabilitiesAtAmortisedCost_2" xlink:title="label: FinancialLiabilitiesAtAmortisedCost to label_FinancialLiabilitiesAtAmortisedCost"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xlink:label="SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xlink:title="SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit"/>
    <label xlink:type="resource" xlink:label="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xml:lang="en-US" id="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit">Sensitivity Analysis For Each Type Of Market Risk Negative Effect On Profit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xlink:to="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xlink:title="label: SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit to label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit"/>
    <label xlink:type="resource" xlink:label="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xml:lang="en-US" id="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit_2">Amount of the negative effect on profit or loss as a result of the conduct of a sensitivity analysis for types of market risk to which the entity is exposed, showing how profit or loss would have been affected by changes in the relevant risk variable that were reasonably possible at that date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xlink:to="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit_2" xlink:title="label: SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit to label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit"/>
    <label xlink:type="resource" xlink:label="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xml:lang="en-US" id="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit_3">Effect on loss (Increase in Libor)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xlink:to="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit_3" xlink:title="label: SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit to label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit"/>
    <label xlink:type="resource" xlink:label="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xml:lang="en-US" id="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit_4">Effect on loss (Increase in Euro exchange rate)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit" xlink:to="label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit_4" xlink:title="label: SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit to label_SensitivityAnalysisForEachTypeOfMarketRiskNegativeEffectOnProfit"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentFinancialLiabilities" xlink:label="NoncurrentFinancialLiabilities" xlink:title="NoncurrentFinancialLiabilities"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentFinancialLiabilities" xml:lang="en-US" id="label_NoncurrentFinancialLiabilities">Non-current financial liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentFinancialLiabilities" xlink:to="label_NoncurrentFinancialLiabilities" xlink:title="label: NoncurrentFinancialLiabilities to label_NoncurrentFinancialLiabilities"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentFinancialLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentFinancialLiabilities" xml:lang="en-US" id="label_NoncurrentFinancialLiabilities_2">Long-term debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentFinancialLiabilities" xlink:to="label_NoncurrentFinancialLiabilities_2" xlink:title="label: NoncurrentFinancialLiabilities to label_NoncurrentFinancialLiabilities"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DirectorsCompensationSharebasedPayment" xlink:label="DirectorsCompensationSharebasedPayment" xlink:title="DirectorsCompensationSharebasedPayment"/>
    <label xlink:type="resource" xlink:label="label_DirectorsCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DirectorsCompensationSharebasedPayment" xml:lang="en-US" id="label_DirectorsCompensationSharebasedPayment">The amount of compensation to directors in the form of share-based payments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectorsCompensationSharebasedPayment" xlink:to="label_DirectorsCompensationSharebasedPayment" xlink:title="label: DirectorsCompensationSharebasedPayment to label_DirectorsCompensationSharebasedPayment"/>
    <label xlink:type="resource" xlink:label="label_DirectorsCompensationSharebasedPayment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DirectorsCompensationSharebasedPayment" xml:lang="en-US" id="label_DirectorsCompensationSharebasedPayment_2">Directors Compensation Share based Payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectorsCompensationSharebasedPayment" xlink:to="label_DirectorsCompensationSharebasedPayment_2" xlink:title="label: DirectorsCompensationSharebasedPayment to label_DirectorsCompensationSharebasedPayment"/>
    <label xlink:type="resource" xlink:label="label_DirectorsCompensationSharebasedPayment_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DirectorsCompensationSharebasedPayment" xml:lang="en-US" id="label_DirectorsCompensationSharebasedPayment_3">Share-based payments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectorsCompensationSharebasedPayment" xlink:to="label_DirectorsCompensationSharebasedPayment_3" xlink:title="label: DirectorsCompensationSharebasedPayment to label_DirectorsCompensationSharebasedPayment"/>
    <label xlink:type="resource" xlink:label="label_DirectorsCompensationSharebasedPayment_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DirectorsCompensationSharebasedPayment" xml:lang="en-US" id="label_DirectorsCompensationSharebasedPayment_4">Share-based payments (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectorsCompensationSharebasedPayment" xlink:to="label_DirectorsCompensationSharebasedPayment_4" xlink:title="label: DirectorsCompensationSharebasedPayment to label_DirectorsCompensationSharebasedPayment"/>
    <label xlink:type="resource" xlink:label="label_DirectorsCompensationSharebasedPayment_5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DirectorsCompensationSharebasedPayment" xml:lang="en-US" id="label_DirectorsCompensationSharebasedPayment_5">Share-based payments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectorsCompensationSharebasedPayment" xlink:to="label_DirectorsCompensationSharebasedPayment_5" xlink:title="label: DirectorsCompensationSharebasedPayment to label_DirectorsCompensationSharebasedPayment"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherNoncurrentAssets" xlink:label="OtherNoncurrentAssets" xlink:title="OtherNoncurrentAssets"/>
    <label xlink:type="resource" xlink:label="label_OtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentAssets" xml:lang="en-US" id="label_OtherNoncurrentAssets">Other Non current Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentAssets" xlink:to="label_OtherNoncurrentAssets" xlink:title="label: OtherNoncurrentAssets to label_OtherNoncurrentAssets"/>
    <label xlink:type="resource" xlink:label="label_OtherNoncurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentAssets" xml:lang="en-US" id="label_OtherNoncurrentAssets_2">Other non-current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentAssets" xlink:to="label_OtherNoncurrentAssets_2" xlink:title="label: OtherNoncurrentAssets to label_OtherNoncurrentAssets"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="SignificantInvestmentsInSubsidiariesAxis" xlink:title="SignificantInvestmentsInSubsidiariesAxis"/>
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    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory">Description of accounting policy for restricted cash and cash equivalents [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory to label_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory_2">Cash and cash equivalents:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory to label_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:label="DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:title="DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory">Description of accounting policy for trade and other receivables [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory to label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory_2">Trade receivables, net:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory to label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:label="DescriptionOfAccountingPolicyForMeasuringInventories" xlink:title="DescriptionOfAccountingPolicyForMeasuringInventories"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForMeasuringInventories" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForMeasuringInventories">Description of accounting policy for measuring inventories [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForMeasuringInventories" xlink:to="label_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:title="label: DescriptionOfAccountingPolicyForMeasuringInventories to label_DescriptionOfAccountingPolicyForMeasuringInventories"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForMeasuringInventories_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForMeasuringInventories" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForMeasuringInventories_2">Inventories:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForMeasuringInventories" xlink:to="label_DescriptionOfAccountingPolicyForMeasuringInventories_2" xlink:title="label: DescriptionOfAccountingPolicyForMeasuringInventories to label_DescriptionOfAccountingPolicyForMeasuringInventories"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:label="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:title="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory">Description of accounting policy for property, plant and equipment [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory to label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_2">Vessels, net:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory to label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory" xlink:label="DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory" xlink:title="DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory">Description of accounting policy for regulatory deferral accounts [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory to label_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory_2">Deferred dry-docking costs:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory to label_DescriptionOfAccountingPolicyForRegulatoryDeferralAccountsExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory" xlink:label="DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory" xlink:title="DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory">Description of accounting policy for depreciation expense [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory to label_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory_2">Depreciation:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory to label_DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:label="DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:title="DescriptionOfAccountingPolicyForLeasesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForLeasesExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForLeasesExplanatory">Description of accounting policy for leases [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForLeasesExplanatory to label_DescriptionOfAccountingPolicyForLeasesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForLeasesExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForLeasesExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForLeasesExplanatory_2">Amortization of lease component:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForLeasesExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForLeasesExplanatory to label_DescriptionOfAccountingPolicyForLeasesExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:label="DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:title="DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory">Description of accounting policy for impairment of non-financial assets [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory to label_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_2">Impairment of non-financial assets:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory to label_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:label="DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:title="DescriptionOfAccountingPolicyForBorrowingsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForBorrowingsExplanatory">Description of accounting policy for borrowings [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForBorrowingsExplanatory to label_DescriptionOfAccountingPolicyForBorrowingsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForBorrowingsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForBorrowingsExplanatory_2">Long-term debt:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForBorrowingsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForBorrowingsExplanatory to label_DescriptionOfAccountingPolicyForBorrowingsExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:label="DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:title="DescriptionOfAccountingPolicyForFinanceCostsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForFinanceCostsExplanatory">Description of accounting policy for finance costs [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForFinanceCostsExplanatory to label_DescriptionOfAccountingPolicyForFinanceCostsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForFinanceCostsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForFinanceCostsExplanatory_2">Financing costs:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForFinanceCostsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForFinanceCostsExplanatory to label_DescriptionOfAccountingPolicyForFinanceCostsExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xlink:label="DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xlink:title="DescriptionOfAccountingPolicyForBorrowingCostsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory">Description of accounting policy for borrowing costs [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForBorrowingCostsExplanatory to label_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory_2">Borrowing costs:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForBorrowingCostsExplanatory to label_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:label="DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:title="DescriptionOfAccountingPolicyForSegmentReportingExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory">Description of accounting policy for segment reporting [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForSegmentReportingExplanatory to label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_2">Operating segment:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForSegmentReportingExplanatory to label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:label="DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:title="DescriptionOfAccountingPolicyForProvisionsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForProvisionsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForProvisionsExplanatory">Description of accounting policy for provisions [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForProvisionsExplanatory to label_DescriptionOfAccountingPolicyForProvisionsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForProvisionsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForProvisionsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForProvisionsExplanatory_2">Provisions and contingencies:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForProvisionsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForProvisionsExplanatory to label_DescriptionOfAccountingPolicyForProvisionsExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForTerminationBenefits" xlink:label="DescriptionOfAccountingPolicyForTerminationBenefits" xlink:title="DescriptionOfAccountingPolicyForTerminationBenefits"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForTerminationBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForTerminationBenefits" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForTerminationBenefits">Description of accounting policy for termination benefits [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForTerminationBenefits" xlink:to="label_DescriptionOfAccountingPolicyForTerminationBenefits" xlink:title="label: DescriptionOfAccountingPolicyForTerminationBenefits to label_DescriptionOfAccountingPolicyForTerminationBenefits"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForTerminationBenefits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForTerminationBenefits" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForTerminationBenefits_2">Pension and retirement benefit obligations:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForTerminationBenefits" xlink:to="label_DescriptionOfAccountingPolicyForTerminationBenefits_2" xlink:title="label: DescriptionOfAccountingPolicyForTerminationBenefits to label_DescriptionOfAccountingPolicyForTerminationBenefits"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:label="DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:title="DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory">Description of accounting policy for offsetting of financial instruments [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory to label_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory_2">Offsetting of financial assets and liabilities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory to label_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:label="DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:title="DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory">Description of accounting policy for derecognition of financial instruments [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory to label_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory_2">Derecognition of financial assets and liabilities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory to label_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DescriptionOfAccountingPolicyForLessorExplanatory" xlink:label="DescriptionOfAccountingPolicyForLessorExplanatory" xlink:title="DescriptionOfAccountingPolicyForLessorExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForLessorExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForLessorExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForLessorExplanatory">Description of accounting policy for lessor [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForLessorExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForLessorExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForLessorExplanatory to label_DescriptionOfAccountingPolicyForLessorExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForLessorExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DescriptionOfAccountingPolicyForLessorExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForLessorExplanatory_2">The description of the entity's accounting policy for leases acting as lessor.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForLessorExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForLessorExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForLessorExplanatory to label_DescriptionOfAccountingPolicyForLessorExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForLessorExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForLessorExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForLessorExplanatory_3">Leases - where an entity is the lessor:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForLessorExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForLessorExplanatory_3" xlink:title="label: DescriptionOfAccountingPolicyForLessorExplanatory to label_DescriptionOfAccountingPolicyForLessorExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DescriptionOfAccountingPolicyForLesseeExplanatory" xlink:label="DescriptionOfAccountingPolicyForLesseeExplanatory" xlink:title="DescriptionOfAccountingPolicyForLesseeExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForLesseeExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForLesseeExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForLesseeExplanatory">Description of accounting policy for lessee [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForLesseeExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForLesseeExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForLesseeExplanatory to label_DescriptionOfAccountingPolicyForLesseeExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForLesseeExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DescriptionOfAccountingPolicyForLesseeExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForLesseeExplanatory_2">The description of the entity's accounting policy for leases acting as lessee.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForLesseeExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForLesseeExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForLesseeExplanatory to label_DescriptionOfAccountingPolicyForLesseeExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForLesseeExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForLesseeExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForLesseeExplanatory_3">Leases - where the Company is the lessee:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForLesseeExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForLesseeExplanatory_3" xlink:title="label: DescriptionOfAccountingPolicyForLesseeExplanatory to label_DescriptionOfAccountingPolicyForLesseeExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" xlink:label="DescriptionOfAccountingPolicyForInsuranceContracts" xlink:title="DescriptionOfAccountingPolicyForInsuranceContracts"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForInsuranceContracts" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForInsuranceContracts">Description of accounting policy for insurance contracts and related assets, liabilities, income and expense [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForInsuranceContracts" xlink:to="label_DescriptionOfAccountingPolicyForInsuranceContracts" xlink:title="label: DescriptionOfAccountingPolicyForInsuranceContracts to label_DescriptionOfAccountingPolicyForInsuranceContracts"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForInsuranceContracts_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForInsuranceContracts" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForInsuranceContracts_2">Insurance:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForInsuranceContracts" xlink:to="label_DescriptionOfAccountingPolicyForInsuranceContracts_2" xlink:title="label: DescriptionOfAccountingPolicyForInsuranceContracts to label_DescriptionOfAccountingPolicyForInsuranceContracts"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:label="DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:title="DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory">Description of accounting policy for share-based payment transactions [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory to label_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_2">Share based compensation:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory to label_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:label="DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:title="DescriptionOfAccountingPolicyForIssuedCapitalExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory">Description of accounting policy for issued capital [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForIssuedCapitalExplanatory to label_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_2">Share capital:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForIssuedCapitalExplanatory to label_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForDividendsExplanatory" xlink:label="DescriptionOfAccountingPolicyForDividendsExplanatory" xlink:title="DescriptionOfAccountingPolicyForDividendsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForDividendsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForDividendsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForDividendsExplanatory">Description of accounting policy for dividends [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForDividendsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForDividendsExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForDividendsExplanatory to label_DescriptionOfAccountingPolicyForDividendsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForDividendsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForDividendsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForDividendsExplanatory_2">Dividends:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForDividendsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForDividendsExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForDividendsExplanatory to label_DescriptionOfAccountingPolicyForDividendsExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:label="DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:title="DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory">Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory to label_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory_2">Non-current assets held for sale:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory to label_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:label="DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:title="DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory">Description of accounting policy for fair value measurement [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory to label_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_2">Fair value measurement:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_2" xlink:title="label: DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory to label_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" xlink:label="DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" xlink:title="DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements">Description of accounting policy for determining characteristics of Current Elements [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" xlink:to="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" xlink:title="label: DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements to label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements_2">The description of the accounting policy used to determine the characteristics of current and noncurrent elements as in the statement of financial position.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" xlink:to="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements_2" xlink:title="label: DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements to label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements_3">Current versus non-current classification:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements" xlink:to="label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements_3" xlink:title="label: DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements to label_DescriptionOfAccountingPolicyToDetermineCharacteristicsOfCurrentElements"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfInitialApplicationOfStandardsOrInterpretations" xlink:label="DescriptionOfInitialApplicationOfStandardsOrInterpretations" xlink:title="DescriptionOfInitialApplicationOfStandardsOrInterpretations"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfInitialApplicationOfStandardsOrInterpretations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfInitialApplicationOfStandardsOrInterpretations" xml:lang="en-US" id="label_DescriptionOfInitialApplicationOfStandardsOrInterpretations">Disclosure of initial application of standards or interpretations [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfInitialApplicationOfStandardsOrInterpretations" xlink:to="label_DescriptionOfInitialApplicationOfStandardsOrInterpretations" xlink:title="label: DescriptionOfInitialApplicationOfStandardsOrInterpretations to label_DescriptionOfInitialApplicationOfStandardsOrInterpretations"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfInitialApplicationOfStandardsOrInterpretations_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfInitialApplicationOfStandardsOrInterpretations" xml:lang="en-US" id="label_DescriptionOfInitialApplicationOfStandardsOrInterpretations_2">Standards amendments and interpretations:</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_WagesAndSalaries" xlink:label="WagesAndSalaries" xlink:title="WagesAndSalaries"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WagesAndSalaries" xlink:to="label_WagesAndSalaries" xlink:title="label: WagesAndSalaries to label_WagesAndSalaries"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:label="DisclosureOfCreditRiskExposureLineItems" xlink:title="DisclosureOfCreditRiskExposureLineItems"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:label="DisclosureOfCreditRiskExposureTable" xlink:title="DisclosureOfCreditRiskExposureTable"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCreditRiskExposureTable" xlink:to="label_DisclosureOfCreditRiskExposureTable" xlink:title="label: DisclosureOfCreditRiskExposureTable to label_DisclosureOfCreditRiskExposureTable"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ConsultingFeesExpense" xlink:label="ConsultingFeesExpense" xlink:title="ConsultingFeesExpense"/>
    <label xlink:type="resource" xlink:label="label_ConsultingFeesExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConsultingFeesExpense" xml:lang="en-US" id="label_ConsultingFeesExpense">The amount of fees paid or payable for consulting fees.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsultingFeesExpense" xlink:to="label_ConsultingFeesExpense" xlink:title="label: ConsultingFeesExpense to label_ConsultingFeesExpense"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsultingFeesExpense" xlink:to="label_ConsultingFeesExpense_2" xlink:title="label: ConsultingFeesExpense to label_ConsultingFeesExpense"/>
    <label xlink:type="resource" xlink:label="label_ConsultingFeesExpense_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConsultingFeesExpense" xml:lang="en-US" id="label_ConsultingFeesExpense_3">Consulting fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsultingFeesExpense" xlink:to="label_ConsultingFeesExpense_3" xlink:title="label: ConsultingFeesExpense to label_ConsultingFeesExpense"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="BasicEarningsLossPerShare" xlink:title="BasicEarningsLossPerShare"/>
    <label xlink:type="resource" xlink:label="label_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasicEarningsLossPerShare" xml:lang="en-US" id="label_BasicEarningsLossPerShare">Basic earnings (loss) per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsLossPerShare" xlink:to="label_BasicEarningsLossPerShare" xlink:title="label: BasicEarningsLossPerShare to label_BasicEarningsLossPerShare"/>
    <label xlink:type="resource" xlink:label="label_BasicEarningsLossPerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BasicEarningsLossPerShare" xml:lang="en-US" id="label_BasicEarningsLossPerShare_2">- Basic loss per share for the year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsLossPerShare" xlink:to="label_BasicEarningsLossPerShare_2" xlink:title="label: BasicEarningsLossPerShare to label_BasicEarningsLossPerShare"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DilutedEarningsLossPerShare" xlink:label="DilutedEarningsLossPerShare" xlink:title="DilutedEarningsLossPerShare"/>
    <label xlink:type="resource" xlink:label="label_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DilutedEarningsLossPerShare" xml:lang="en-US" id="label_DilutedEarningsLossPerShare">Diluted earnings (loss) per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsLossPerShare" xlink:to="label_DilutedEarningsLossPerShare" xlink:title="label: DilutedEarningsLossPerShare to label_DilutedEarningsLossPerShare"/>
    <label xlink:type="resource" xlink:label="label_DilutedEarningsLossPerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DilutedEarningsLossPerShare" xml:lang="en-US" id="label_DilutedEarningsLossPerShare_2">- Diluted loss per share for the year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsLossPerShare" xlink:to="label_DilutedEarningsLossPerShare_2" xlink:title="label: DilutedEarningsLossPerShare to label_DilutedEarningsLossPerShare"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity" xlink:label="IncreaseDecreaseThroughExerciseOfWarrantsEquity" xlink:title="IncreaseDecreaseThroughExerciseOfWarrantsEquity"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughExerciseOfWarrantsEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughExerciseOfWarrantsEquity" xml:lang="en-US" id="label_IncreaseDecreaseThroughExerciseOfWarrantsEquity">Increase (decrease) through exercise of warrants, equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughExerciseOfWarrantsEquity" xlink:to="label_IncreaseDecreaseThroughExerciseOfWarrantsEquity" xlink:title="label: IncreaseDecreaseThroughExerciseOfWarrantsEquity to label_IncreaseDecreaseThroughExerciseOfWarrantsEquity"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughExerciseOfWarrantsEquity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughExerciseOfWarrantsEquity" xml:lang="en-US" id="label_IncreaseDecreaseThroughExerciseOfWarrantsEquity_2">Issuance of common stock due to exercise of warrants (Note 6)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughExerciseOfWarrantsEquity" xlink:to="label_IncreaseDecreaseThroughExerciseOfWarrantsEquity_2" xlink:title="label: IncreaseDecreaseThroughExerciseOfWarrantsEquity to label_IncreaseDecreaseThroughExerciseOfWarrantsEquity"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughExerciseOfWarrantsEquity" xlink:to="label_IncreaseDecreaseThroughExerciseOfWarrantsEquity_3" xlink:title="label: IncreaseDecreaseThroughExerciseOfWarrantsEquity to label_IncreaseDecreaseThroughExerciseOfWarrantsEquity"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IssueOfEquity" xlink:label="IssueOfEquity" xlink:title="IssueOfEquity"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssueOfEquity" xlink:to="label_IssueOfEquity_2" xlink:title="label: IssueOfEquity to label_IssueOfEquity"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProceedsFromIssuingShares" xlink:label="ProceedsFromIssuingShares" xlink:title="ProceedsFromIssuingShares"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuingShares" xlink:to="label_ProceedsFromIssuingShares_2" xlink:title="label: ProceedsFromIssuingShares to label_ProceedsFromIssuingShares"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:label="PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:title="PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:label="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xml:lang="en-US" id="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities">Purchase of other long-term assets, classified as investing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:title="label: PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities to label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:label="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xml:lang="en-US" id="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_2">Purchases of office furniture and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_2" xlink:title="label: PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities to label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AdjustedWeightedAverageShares" xlink:label="AdjustedWeightedAverageShares" xlink:title="AdjustedWeightedAverageShares"/>
    <label xlink:type="resource" xlink:label="label_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustedWeightedAverageShares" xml:lang="en-US" id="label_AdjustedWeightedAverageShares">Adjusted weighted average number of ordinary shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedWeightedAverageShares" xlink:to="label_AdjustedWeightedAverageShares" xlink:title="label: AdjustedWeightedAverageShares to label_AdjustedWeightedAverageShares"/>
    <label xlink:type="resource" xlink:label="label_AdjustedWeightedAverageShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustedWeightedAverageShares" xml:lang="en-US" id="label_AdjustedWeightedAverageShares_2">Weighted average number of shares for diluted LPS</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedWeightedAverageShares" xlink:to="label_AdjustedWeightedAverageShares_2" xlink:title="label: AdjustedWeightedAverageShares to label_AdjustedWeightedAverageShares"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MajorChartererEMember" xlink:label="MajorChartererEMember" xlink:title="MajorChartererEMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererEMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorChartererEMember" xml:lang="en-US" id="label_MajorChartererEMember">Major Charterer E [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererEMember" xlink:to="label_MajorChartererEMember" xlink:title="label: MajorChartererEMember to label_MajorChartererEMember"/>
    <label xlink:type="resource" xlink:label="label_MajorChartererEMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MajorChartererEMember" xml:lang="en-US" id="label_MajorChartererEMember_2">E</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorChartererEMember" xlink:to="label_MajorChartererEMember_2" xlink:title="label: MajorChartererEMember to label_MajorChartererEMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions" xlink:label="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions" xlink:title="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions">Increase Decrease In Number Of Ordinary Shares Issued Through Share based Payment Transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions" xlink:to="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions" xlink:title="label: IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions to label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions" xlink:to="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions_3" xlink:title="label: IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions to label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity" xlink:label="IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity" xlink:title="IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity">Increase Decrease In Number Of Ordinary Shares Issued Issue Of Equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity" xlink:to="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity" xlink:title="label: IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity to label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity_2">Issuance of common stock</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity" xlink:to="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity_3" xlink:title="label: IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity to label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedIssueOfEquity"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" xlink:label="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" xlink:title="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity">Increase Decrease In Number Of Ordinary Shares Issued Through Exercise Of Warrants Equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" xlink:to="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" xlink:title="label: IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity to label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity_2">Issuance of common stock due to exercise of warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" xlink:to="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity_2" xlink:title="label: IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity to label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity_3">The increase (decrease) in the number of ordinary shares resulting from the exercise of warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity" xlink:to="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity_3" xlink:title="label: IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity to label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xlink:label="ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xlink:title="ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants"/>
    <label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xml:lang="en-US" id="label_ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants">Maximum Proportion Of Ownership Interests Held By Investors After Exercise Of Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xlink:to="label_ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xlink:title="label: ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants to label_ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants"/>
    <label xlink:type="resource" xlink:label="label_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xml:lang="en-US" id="label_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants">Maximum proportion of owneship interest by a warrant holder after warrants exercises</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xlink:to="label_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xlink:title="label: MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants to label_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants"/>
    <label xlink:type="resource" xlink:label="label_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xml:lang="en-US" id="label_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants_2">The maximum proportion of ownership interest held by a warrant holder after the exercise of the warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants" xlink:to="label_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants_2" xlink:title="label: MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants to label_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_February2017WarrantsMember" xlink:label="February2017WarrantsMember" xlink:title="February2017WarrantsMember"/>
    <label xlink:type="resource" xlink:label="label_February2017WarrantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_February2017WarrantsMember" xml:lang="en-US" id="label_February2017WarrantsMember">February 2017 Warrants [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="February2017WarrantsMember" xlink:to="label_February2017WarrantsMember" xlink:title="label: February2017WarrantsMember to label_February2017WarrantsMember"/>
    <label xlink:type="resource" xlink:label="label_February2017WarrantsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_February2017WarrantsMember" xml:lang="en-US" id="label_February2017WarrantsMember_2">February 2017 Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="February2017WarrantsMember" xlink:to="label_February2017WarrantsMember_2" xlink:title="label: February2017WarrantsMember to label_February2017WarrantsMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_NumberOfWarrantsOutstanding" xlink:label="WarrantsOutstanding" xlink:title="WarrantsOutstanding"/>
    <label xlink:type="resource" xlink:label="label_WarrantsOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WarrantsOutstanding" xml:lang="en-US" id="label_WarrantsOutstanding">Number Of Warrants Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantsOutstanding" xlink:to="label_WarrantsOutstanding" xlink:title="label: WarrantsOutstanding to label_WarrantsOutstanding"/>
    <label xlink:type="resource" xlink:label="label_NumberOfWarrantsOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfWarrantsOutstanding" xml:lang="en-US" id="label_NumberOfWarrantsOutstanding">Number of outstanding warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantsOutstanding" xlink:to="label_NumberOfWarrantsOutstanding" xlink:title="label: NumberOfWarrantsOutstanding to label_NumberOfWarrantsOutstanding"/>
    <label xlink:type="resource" xlink:label="label_NumberOfWarrantsOutstanding_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfWarrantsOutstanding" xml:lang="en-US" id="label_NumberOfWarrantsOutstanding_2">The number of outstanding warrants that permit the holder the right to purchase equity securities from the issuer at a specified price.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantsOutstanding" xlink:to="label_NumberOfWarrantsOutstanding_2" xlink:title="label: NumberOfWarrantsOutstanding to label_NumberOfWarrantsOutstanding"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_NumberOfWarrantsExercised" xlink:label="NumberOfWarrantsExercised" xlink:title="NumberOfWarrantsExercised"/>
    <label xlink:type="resource" xlink:label="label_NumberOfWarrantsExercised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfWarrantsExercised" xml:lang="en-US" id="label_NumberOfWarrantsExercised">Number Of Warrants Exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfWarrantsExercised" xlink:to="label_NumberOfWarrantsExercised" xlink:title="label: NumberOfWarrantsExercised to label_NumberOfWarrantsExercised"/>
    <label xlink:type="resource" xlink:label="label_NumberOfWarrantsExercised_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfWarrantsExercised" xml:lang="en-US" id="label_NumberOfWarrantsExercised_2">Number of warrants exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfWarrantsExercised" xlink:to="label_NumberOfWarrantsExercised_2" xlink:title="label: NumberOfWarrantsExercised to label_NumberOfWarrantsExercised"/>
    <label xlink:type="resource" xlink:label="label_NumberOfWarrantsExercised_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfWarrantsExercised" xml:lang="en-US" id="label_NumberOfWarrantsExercised_3">The number of warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfWarrantsExercised" xlink:to="label_NumberOfWarrantsExercised_3" xlink:title="label: NumberOfWarrantsExercised to label_NumberOfWarrantsExercised"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_October2017WarrantsMember" xlink:label="October2017WarrantsMember" xlink:title="October2017WarrantsMember"/>
    <label xlink:type="resource" xlink:label="label_October2017WarrantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_October2017WarrantsMember" xml:lang="en-US" id="label_October2017WarrantsMember">October 2017 Warrants [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="October2017WarrantsMember" xlink:to="label_October2017WarrantsMember" xlink:title="label: October2017WarrantsMember to label_October2017WarrantsMember"/>
    <label xlink:type="resource" xlink:label="label_October2017WarrantsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_October2017WarrantsMember" xml:lang="en-US" id="label_October2017WarrantsMember_2">October 2017 Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="October2017WarrantsMember" xlink:to="label_October2017WarrantsMember_2" xlink:title="label: October2017WarrantsMember to label_October2017WarrantsMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ProceedsFromWarrantExercises" xlink:label="ProceedsFromWarrantExercises" xlink:title="ProceedsFromWarrantExercises"/>
    <label xlink:type="resource" xlink:label="label_ProceedsFromWarrantExercises" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromWarrantExercises" xml:lang="en-US" id="label_ProceedsFromWarrantExercises">Proceeds From Warrant Exercises</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromWarrantExercises" xlink:to="label_ProceedsFromWarrantExercises" xlink:title="label: ProceedsFromWarrantExercises to label_ProceedsFromWarrantExercises"/>
    <label xlink:type="resource" xlink:label="label_ProceedsFromWarrantExercises_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromWarrantExercises" xml:lang="en-US" id="label_ProceedsFromWarrantExercises_2">Proceeds from warrant exercises</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromWarrantExercises" xlink:to="label_ProceedsFromWarrantExercises_2" xlink:title="label: ProceedsFromWarrantExercises to label_ProceedsFromWarrantExercises"/>
    <label xlink:type="resource" xlink:label="label_ProceedsFromWarrantExercises_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProceedsFromWarrantExercises" xml:lang="en-US" id="label_ProceedsFromWarrantExercises_3">The cash inflow associated with the amount received from holders exercising their stock warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromWarrantExercises" xlink:to="label_ProceedsFromWarrantExercises_3" xlink:title="label: ProceedsFromWarrantExercises to label_ProceedsFromWarrantExercises"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_NumberOfSharesSold" xlink:label="NumberOfSharesSold" xlink:title="NumberOfSharesSold"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesSold" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesSold" xml:lang="en-US" id="label_NumberOfSharesSold">Number Of Shares Sold</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesSold" xlink:to="label_NumberOfSharesSold" xlink:title="label: NumberOfSharesSold to label_NumberOfSharesSold"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesSold_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesSold" xml:lang="en-US" id="label_NumberOfSharesSold_2">Number of shares sold</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesSold" xlink:to="label_NumberOfSharesSold_2" xlink:title="label: NumberOfSharesSold to label_NumberOfSharesSold"/>
    <label xlink:type="resource" xlink:label="label_NumberOfSharesSold_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfSharesSold" xml:lang="en-US" id="label_NumberOfSharesSold_3">The number of shares sold in a stock transaction.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesSold" xlink:to="label_NumberOfSharesSold_3" xlink:title="label: NumberOfSharesSold to label_NumberOfSharesSold"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_October2017PrivatePlacementMember" xlink:label="October2017SPAMember" xlink:title="October2017SPAMember"/>
    <label xlink:type="resource" xlink:label="label_October2017SPAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_October2017SPAMember" xml:lang="en-US" id="label_October2017SPAMember">October 2017 Private Placement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="October2017SPAMember" xlink:to="label_October2017SPAMember" xlink:title="label: October2017SPAMember to label_October2017SPAMember"/>
    <label xlink:type="resource" xlink:label="label_October2017SPAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_October2017SPAMember" xml:lang="en-US" id="label_October2017SPAMember_2">October 2017 Private Placement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="October2017SPAMember" xlink:to="label_October2017SPAMember_2" xlink:title="label: October2017SPAMember to label_October2017SPAMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_February2017PrivatePlacementMember" xlink:label="February2017PrivatePlacementMember" xlink:title="February2017PrivatePlacementMember"/>
    <label xlink:type="resource" xlink:label="label_February2017PrivatePlacementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_February2017PrivatePlacementMember" xml:lang="en-US" id="label_February2017PrivatePlacementMember">February 2017 Private Placement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="February2017PrivatePlacementMember" xlink:to="label_February2017PrivatePlacementMember" xlink:title="label: February2017PrivatePlacementMember to label_February2017PrivatePlacementMember"/>
    <label xlink:type="resource" xlink:label="label_February2017PrivatePlacementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_February2017PrivatePlacementMember" xml:lang="en-US" id="label_February2017PrivatePlacementMember_2">February 2017 Private Placement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="February2017PrivatePlacementMember" xlink:to="label_February2017PrivatePlacementMember_2" xlink:title="label: February2017PrivatePlacementMember to label_February2017PrivatePlacementMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LaterThanThreeYearsMember" xlink:label="LaterThanThreeYearsMember" xlink:title="LaterThanThreeYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanThreeYearsMember" xml:lang="en-US" id="label_LaterThanThreeYearsMember">Later than three years [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsMember" xlink:to="label_LaterThanThreeYearsMember" xlink:title="label: LaterThanThreeYearsMember to label_LaterThanThreeYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanThreeYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanThreeYearsMember" xml:lang="en-US" id="label_LaterThanThreeYearsMember_2">Later than three years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsMember" xlink:to="label_LaterThanThreeYearsMember_2" xlink:title="label: LaterThanThreeYearsMember to label_LaterThanThreeYearsMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LaterThanTwoYearsMember" xlink:label="LaterThanTwoYearsMember" xlink:title="LaterThanTwoYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanTwoYearsMember" xml:lang="en-US" id="label_LaterThanTwoYearsMember">Later Than Two Years [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTwoYearsMember" xlink:to="label_LaterThanTwoYearsMember" xlink:title="label: LaterThanTwoYearsMember to label_LaterThanTwoYearsMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanTwoYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanTwoYearsMember" xml:lang="en-US" id="label_LaterThanTwoYearsMember_2">Later than two years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTwoYearsMember" xlink:to="label_LaterThanTwoYearsMember_2" xlink:title="label: LaterThanTwoYearsMember to label_LaterThanTwoYearsMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DeferralFeePercentage" xlink:label="DeferralFeePercentage" xlink:title="DeferralFeePercentage"/>
    <label xlink:type="resource" xlink:label="label_DeferralFeePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferralFeePercentage" xml:lang="en-US" id="label_DeferralFeePercentage">Deferral Fee Percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferralFeePercentage" xlink:to="label_DeferralFeePercentage" xlink:title="label: DeferralFeePercentage to label_DeferralFeePercentage"/>
    <label xlink:type="resource" xlink:label="label_DeferralFeePercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferralFeePercentage" xml:lang="en-US" id="label_DeferralFeePercentage_2">Deferral fee, percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferralFeePercentage" xlink:to="label_DeferralFeePercentage_2" xlink:title="label: DeferralFeePercentage to label_DeferralFeePercentage"/>
    <label xlink:type="resource" xlink:label="label_DeferralFeePercentage_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeferralFeePercentage" xml:lang="en-US" id="label_DeferralFeePercentage_3">The deferral fee per annum, as a percentage of the additional amounts deferred.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferralFeePercentage" xlink:to="label_DeferralFeePercentage_3" xlink:title="label: DeferralFeePercentage to label_DeferralFeePercentage"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LoanPrincipalAmountDeferred" xlink:label="LoanPrincipalAmountDeferred" xlink:title="LoanPrincipalAmountDeferred"/>
    <label xlink:type="resource" xlink:label="label_LoanPrincipalAmountDeferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanPrincipalAmountDeferred" xml:lang="en-US" id="label_LoanPrincipalAmountDeferred">Loan Principal Amount Deferred</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanPrincipalAmountDeferred" xlink:to="label_LoanPrincipalAmountDeferred" xlink:title="label: LoanPrincipalAmountDeferred to label_LoanPrincipalAmountDeferred"/>
    <label xlink:type="resource" xlink:label="label_LoanPrincipalAmountDeferred_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoanPrincipalAmountDeferred" xml:lang="en-US" id="label_LoanPrincipalAmountDeferred_2">Amount deferred to the last scheduled repayment date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanPrincipalAmountDeferred" xlink:to="label_LoanPrincipalAmountDeferred_2" xlink:title="label: LoanPrincipalAmountDeferred to label_LoanPrincipalAmountDeferred"/>
    <label xlink:type="resource" xlink:label="label_LoanPrincipalAmountDeferred_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoanPrincipalAmountDeferred" xml:lang="en-US" id="label_LoanPrincipalAmountDeferred_3">The loan principal amount deferred to the last scheduled repayment date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanPrincipalAmountDeferred" xlink:to="label_LoanPrincipalAmountDeferred_3" xlink:title="label: LoanPrincipalAmountDeferred to label_LoanPrincipalAmountDeferred"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_WarrantsExpense" xlink:label="WarrantsExpense" xlink:title="WarrantsExpense"/>
    <label xlink:type="resource" xlink:label="label_WarrantsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WarrantsExpense" xml:lang="en-US" id="label_WarrantsExpense">Warrants Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantsExpense" xlink:to="label_WarrantsExpense" xlink:title="label: WarrantsExpense to label_WarrantsExpense"/>
    <label xlink:type="resource" xlink:label="label_WarrantsExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WarrantsExpense" xml:lang="en-US" id="label_WarrantsExpense_2">Warrants expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantsExpense" xlink:to="label_WarrantsExpense_2" xlink:title="label: WarrantsExpense to label_WarrantsExpense"/>
    <label xlink:type="resource" xlink:label="label_WarrantsExpense_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WarrantsExpense" xml:lang="en-US" id="label_WarrantsExpense_3">The expense related to the warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantsExpense" xlink:to="label_WarrantsExpense_3" xlink:title="label: WarrantsExpense to label_WarrantsExpense"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BackEndFeePercentage" xlink:label="BackEndFeePercentage" xlink:title="BackEndFeePercentage"/>
    <label xlink:type="resource" xlink:label="label_BackEndFeePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BackEndFeePercentage" xml:lang="en-US" id="label_BackEndFeePercentage">Back End Fee Percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BackEndFeePercentage" xlink:to="label_BackEndFeePercentage" xlink:title="label: BackEndFeePercentage to label_BackEndFeePercentage"/>
    <label xlink:type="resource" xlink:label="label_BackEndFeePercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BackEndFeePercentage" xml:lang="en-US" id="label_BackEndFeePercentage_2">Back-end fee</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BackEndFeePercentage" xlink:to="label_BackEndFeePercentage_2" xlink:title="label: BackEndFeePercentage to label_BackEndFeePercentage"/>
    <label xlink:type="resource" xlink:label="label_BackEndFeePercentage_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BackEndFeePercentage" xml:lang="en-US" id="label_BackEndFeePercentage_3">Back-end fee calculated as a percentage per annum of the outstanding principal amount of the loan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BackEndFeePercentage" xlink:to="label_BackEndFeePercentage_3" xlink:title="label: BackEndFeePercentage to label_BackEndFeePercentage"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_HSHNordbankAndDVBBankMember" xlink:label="HSHNordbankAndDVBBankMember" xlink:title="HSHNordbankAndDVBBankMember"/>
    <label xlink:type="resource" xlink:label="label_HSHNordbankAndDVBBankMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HSHNordbankAndDVBBankMember" xml:lang="en-US" id="label_HSHNordbankAndDVBBankMember">HSH Nordbank And DVB Bank [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordbankAndDVBBankMember" xlink:to="label_HSHNordbankAndDVBBankMember" xlink:title="label: HSHNordbankAndDVBBankMember to label_HSHNordbankAndDVBBankMember"/>
    <label xlink:type="resource" xlink:label="label_HSHNordbankAndDVBBankMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HSHNordbankAndDVBBankMember" xml:lang="en-US" id="label_HSHNordbankAndDVBBankMember_2">HSH Nordbank AG and DVB Bank SE</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordbankAndDVBBankMember" xlink:to="label_HSHNordbankAndDVBBankMember_2" xlink:title="label: HSHNordbankAndDVBBankMember to label_HSHNordbankAndDVBBankMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:label="DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:title="DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares"/>
    <label xlink:type="resource" xlink:label="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xml:lang="en-US" id="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares">Dilutive effect of share options on number of ordinary shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:title="label: DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares to label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares"/>
    <label xlink:type="resource" xlink:label="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xml:lang="en-US" id="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_2">Dilutive effect of warrants on number of ordinary shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_2" xlink:title="label: DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares to label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" xlink:label="DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" xlink:title="DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants"/>
    <label xlink:type="resource" xlink:label="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" xml:lang="en-US" id="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants">Difference Between Market Adjusted Net Worth And Amount Required By Loan Agreement Covenants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" xlink:to="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" xlink:title="label: DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants to label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants"/>
    <label xlink:type="resource" xlink:label="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" xml:lang="en-US" id="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants_2">The difference between the company's market adjusted net worth and the required amount by loan agreement covenants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" xlink:to="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants_2" xlink:title="label: DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants to label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants"/>
    <label xlink:type="resource" xlink:label="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" xml:lang="en-US" id="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants_3">Difference between the company's market adjusted net worth and initial requirement by loan agreement covenants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants" xlink:to="label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants_3" xlink:title="label: DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants to label_DifferenceBetweenMarketAdjustedNetWorthAndAmountRequiredByLoanAgreementCovenants"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" xlink:label="DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" xlink:title="DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants"/>
    <label xlink:type="resource" xlink:label="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" xml:lang="en-US" id="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants">Difference Between Cash And Cash Equivalents And Amount Required By Loan Agreement Covenants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" xlink:to="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" xlink:title="label: DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants to label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants"/>
    <label xlink:type="resource" xlink:label="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" xml:lang="en-US" id="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants_2">The difference between the company's cash and cash equivalents and the required amount by loan agreement covenants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" xlink:to="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants_2" xlink:title="label: DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants to label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants"/>
    <label xlink:type="resource" xlink:label="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" xml:lang="en-US" id="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants_3">Difference between the company's cash and cash equivalents and initial requirement by loan agreement covenants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants" xlink:to="label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants_3" xlink:title="label: DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants to label_DifferenceBetweenCashAndCashEquivalentsAndAmountRequiredByLoanAgreementCovenants"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="NonadjustingEventsAfterReportingPeriodAxis" xlink:title="NonadjustingEventsAfterReportingPeriodAxis"/>
    <label xlink:type="resource" xlink:label="label_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonadjustingEventsAfterReportingPeriodAxis" xml:lang="en-US" id="label_NonadjustingEventsAfterReportingPeriodAxis">Non-adjusting events after reporting period [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonadjustingEventsAfterReportingPeriodAxis" xlink:to="label_NonadjustingEventsAfterReportingPeriodAxis" xlink:title="label: NonadjustingEventsAfterReportingPeriodAxis to label_NonadjustingEventsAfterReportingPeriodAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NonadjustingEventsMember" xlink:label="NonadjustingEventsMember" xlink:title="NonadjustingEventsMember"/>
    <label xlink:type="resource" xlink:label="label_NonadjustingEventsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonadjustingEventsMember" xml:lang="en-US" id="label_NonadjustingEventsMember">Non-adjusting events after reporting period [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonadjustingEventsMember" xlink:to="label_NonadjustingEventsMember" xlink:title="label: NonadjustingEventsMember to label_NonadjustingEventsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PotentialOrdinaryShareTransactionsMember" xlink:label="PotentialOrdinaryShareTransactionsMember" xlink:title="PotentialOrdinaryShareTransactionsMember"/>
    <label xlink:type="resource" xlink:label="label_PotentialOrdinaryShareTransactionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PotentialOrdinaryShareTransactionsMember" xml:lang="en-US" id="label_PotentialOrdinaryShareTransactionsMember">Potential ordinary share transactions [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PotentialOrdinaryShareTransactionsMember" xlink:to="label_PotentialOrdinaryShareTransactionsMember" xlink:title="label: PotentialOrdinaryShareTransactionsMember to label_PotentialOrdinaryShareTransactionsMember"/>
    <label xlink:type="resource" xlink:label="label_PotentialOrdinaryShareTransactionsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PotentialOrdinaryShareTransactionsMember" xml:lang="en-US" id="label_PotentialOrdinaryShareTransactionsMember_2">Potential ordinary share transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PotentialOrdinaryShareTransactionsMember" xlink:to="label_PotentialOrdinaryShareTransactionsMember_2" xlink:title="label: PotentialOrdinaryShareTransactionsMember to label_PotentialOrdinaryShareTransactionsMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:label="DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:title="DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xml:lang="en-US" id="label_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems">Disclosure of non-adjusting events after reporting period [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:to="label_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:title="label: DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems to label_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:label="DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:title="DisclosureOfNonadjustingEventsAfterReportingPeriodTable"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xml:lang="en-US" id="label_DisclosureOfNonadjustingEventsAfterReportingPeriodTable">Disclosure of non-adjusting events after reporting period [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:to="label_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:title="label: DisclosureOfNonadjustingEventsAfterReportingPeriodTable to label_DisclosureOfNonadjustingEventsAfterReportingPeriodTable"/>
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    <label xlink:type="resource" xlink:label="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xml:lang="en-US" id="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory">Disclosure of share capital, reserves and other equity interest [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:to="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:title="label: DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory to label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xml:lang="en-US" id="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_2">Share Capital and Share Premium</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:to="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_2" xlink:title="label: DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory to label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfCommonSharesExplanatory" xlink:label="DisclosureOfCommonSharesExplanatory" xlink:title="DisclosureOfCommonSharesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfCommonSharesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCommonSharesExplanatory" xml:lang="en-US" id="label_DisclosureOfCommonSharesExplanatory">Disclosure Of Common Shares Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCommonSharesExplanatory" xlink:to="label_DisclosureOfCommonSharesExplanatory" xlink:title="label: DisclosureOfCommonSharesExplanatory to label_DisclosureOfCommonSharesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfCommonSharesExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCommonSharesExplanatory" xml:lang="en-US" id="label_DisclosureOfCommonSharesExplanatory_2">Common shares issued and fully paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCommonSharesExplanatory" xlink:to="label_DisclosureOfCommonSharesExplanatory_2" xlink:title="label: DisclosureOfCommonSharesExplanatory to label_DisclosureOfCommonSharesExplanatory"/>
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfPreferredSharesExplanatory" xlink:label="DisclosureOfPreferredSharesExplanatory" xlink:title="DisclosureOfPreferredSharesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfPreferredSharesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPreferredSharesExplanatory" xml:lang="en-US" id="label_DisclosureOfPreferredSharesExplanatory">Disclosure Of Preferred Shares Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPreferredSharesExplanatory" xlink:to="label_DisclosureOfPreferredSharesExplanatory" xlink:title="label: DisclosureOfPreferredSharesExplanatory to label_DisclosureOfPreferredSharesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfPreferredSharesExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfPreferredSharesExplanatory" xml:lang="en-US" id="label_DisclosureOfPreferredSharesExplanatory_2">Series A Preferred Shares issued</label>
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    <label xlink:type="resource" xlink:label="label_DisclosureOfPreferredSharesExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfPreferredSharesExplanatory" xml:lang="en-US" id="label_DisclosureOfPreferredSharesExplanatory_3">The disclosure of preferred shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPreferredSharesExplanatory" xlink:to="label_DisclosureOfPreferredSharesExplanatory_3" xlink:title="label: DisclosureOfPreferredSharesExplanatory to label_DisclosureOfPreferredSharesExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfEarningsPerShareTableExplanatory" xlink:label="DisclosureOfEarningsPerShareTableExplanatory" xlink:title="DisclosureOfEarningsPerShareTableExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfEarningsPerShareTableExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfEarningsPerShareTableExplanatory" xml:lang="en-US" id="label_DisclosureOfEarningsPerShareTableExplanatory">Disclosure Of Earnings Per Share Table Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEarningsPerShareTableExplanatory" xlink:to="label_DisclosureOfEarningsPerShareTableExplanatory" xlink:title="label: DisclosureOfEarningsPerShareTableExplanatory to label_DisclosureOfEarningsPerShareTableExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfEarningsPerShareTableExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfEarningsPerShareTableExplanatory" xml:lang="en-US" id="label_DisclosureOfEarningsPerShareTableExplanatory_2">Loss per Share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEarningsPerShareTableExplanatory" xlink:to="label_DisclosureOfEarningsPerShareTableExplanatory_2" xlink:title="label: DisclosureOfEarningsPerShareTableExplanatory to label_DisclosureOfEarningsPerShareTableExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfEarningsPerShareTableExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfEarningsPerShareTableExplanatory" xml:lang="en-US" id="label_DisclosureOfEarningsPerShareTableExplanatory_3">The disclosure for earnings per share.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEarningsPerShareTableExplanatory" xlink:to="label_DisclosureOfEarningsPerShareTableExplanatory_3" xlink:title="label: DisclosureOfEarningsPerShareTableExplanatory to label_DisclosureOfEarningsPerShareTableExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" xlink:label="DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" xlink:title="DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" xml:lang="en-US" id="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition">Disclosure Of Borrowings Consolidated Statement Of Financial Position</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" xlink:to="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" xlink:title="label: DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition to label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" xml:lang="en-US" id="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition_2">Long-Term Debt, net - Consolidated statement of financial position</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" xlink:to="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition_2" xlink:title="label: DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition to label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" xml:lang="en-US" id="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition_3">The disclosure for the amounts of long-term debt in the consolidated statement of financial position.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition" xlink:to="label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition_3" xlink:title="label: DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition to label_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfLongTermDebtAnnualPrincipalPayments" xlink:label="DisclosureOfLongTermDebtAnnualPrincipalPayments" xlink:title="DisclosureOfLongTermDebtAnnualPrincipalPayments"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfLongTermDebtAnnualPrincipalPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfLongTermDebtAnnualPrincipalPayments" xml:lang="en-US" id="label_DisclosureOfLongTermDebtAnnualPrincipalPayments">Disclosure Of Long Term Debt Annual Principal Payments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLongTermDebtAnnualPrincipalPayments" xlink:to="label_DisclosureOfLongTermDebtAnnualPrincipalPayments" xlink:title="label: DisclosureOfLongTermDebtAnnualPrincipalPayments to label_DisclosureOfLongTermDebtAnnualPrincipalPayments"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfLongTermDebtAnnualPrincipalPayments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfLongTermDebtAnnualPrincipalPayments" xml:lang="en-US" id="label_DisclosureOfLongTermDebtAnnualPrincipalPayments_2">Long-Term Debt, net - Annual loan principal paymetns</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLongTermDebtAnnualPrincipalPayments" xlink:to="label_DisclosureOfLongTermDebtAnnualPrincipalPayments_2" xlink:title="label: DisclosureOfLongTermDebtAnnualPrincipalPayments to label_DisclosureOfLongTermDebtAnnualPrincipalPayments"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfLongTermDebtAnnualPrincipalPayments_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfLongTermDebtAnnualPrincipalPayments" xml:lang="en-US" id="label_DisclosureOfLongTermDebtAnnualPrincipalPayments_3">The disclosure of annual loan principal payments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLongTermDebtAnnualPrincipalPayments" xlink:to="label_DisclosureOfLongTermDebtAnnualPrincipalPayments_3" xlink:title="label: DisclosureOfLongTermDebtAnnualPrincipalPayments to label_DisclosureOfLongTermDebtAnnualPrincipalPayments"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfShareBasedPayment" xlink:label="DisclosureOfShareBasedPaymentTable" xlink:title="DisclosureOfShareBasedPaymentTable"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfShareBasedPaymentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfShareBasedPaymentTable" xml:lang="en-US" id="label_DisclosureOfShareBasedPaymentTable">Disclosure Of Share Based Payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfShareBasedPaymentTable" xlink:to="label_DisclosureOfShareBasedPaymentTable" xlink:title="label: DisclosureOfShareBasedPaymentTable to label_DisclosureOfShareBasedPaymentTable"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfShareBasedPaymentTable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfShareBasedPaymentTable" xml:lang="en-US" id="label_DisclosureOfShareBasedPaymentTable_2">Share Based Payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfShareBasedPaymentTable" xlink:to="label_DisclosureOfShareBasedPaymentTable_2" xlink:title="label: DisclosureOfShareBasedPaymentTable to label_DisclosureOfShareBasedPaymentTable"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfShareBasedPaymentTable_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfShareBasedPaymentTable" xml:lang="en-US" id="label_DisclosureOfShareBasedPaymentTable_3">The disclosure of share based payment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfShareBasedPaymentTable" xlink:to="label_DisclosureOfShareBasedPaymentTable_3" xlink:title="label: DisclosureOfShareBasedPaymentTable to label_DisclosureOfShareBasedPaymentTable"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfVoyageAndVesselOperatingExpenses" xlink:label="DisclosureOfVoayageAndVesselOperatingExpenses" xlink:title="DisclosureOfVoayageAndVesselOperatingExpenses"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfVoayageAndVesselOperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfVoayageAndVesselOperatingExpenses" xml:lang="en-US" id="label_DisclosureOfVoayageAndVesselOperatingExpenses">Disclosure Of Voyage And Vessel Operating Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfVoayageAndVesselOperatingExpenses" xlink:to="label_DisclosureOfVoayageAndVesselOperatingExpenses" xlink:title="label: DisclosureOfVoayageAndVesselOperatingExpenses to label_DisclosureOfVoayageAndVesselOperatingExpenses"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfVoyageAndVesselOperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfVoyageAndVesselOperatingExpenses" xml:lang="en-US" id="label_DisclosureOfVoyageAndVesselOperatingExpenses">Voyage Expenses and Vessel Operating Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfVoayageAndVesselOperatingExpenses" xlink:to="label_DisclosureOfVoyageAndVesselOperatingExpenses" xlink:title="label: DisclosureOfVoyageAndVesselOperatingExpenses to label_DisclosureOfVoyageAndVesselOperatingExpenses"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfVoyageAndVesselOperatingExpenses_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfVoyageAndVesselOperatingExpenses" xml:lang="en-US" id="label_DisclosureOfVoyageAndVesselOperatingExpenses_2">The disclosure for voayage expenses and vessel operating expenses.</label>
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfAdministrativeExpenses" xlink:label="DisclosureOfAdministrativeExpenses" xlink:title="DisclosureOfAdministrativeExpenses"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfAdministrativeExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfAdministrativeExpenses" xml:lang="en-US" id="label_DisclosureOfAdministrativeExpenses">Disclosure Of Administrative Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfAdministrativeExpenses" xlink:to="label_DisclosureOfAdministrativeExpenses" xlink:title="label: DisclosureOfAdministrativeExpenses to label_DisclosureOfAdministrativeExpenses"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfAdministrativeExpenses_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfAdministrativeExpenses" xml:lang="en-US" id="label_DisclosureOfAdministrativeExpenses_2">Administrative Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfAdministrativeExpenses" xlink:to="label_DisclosureOfAdministrativeExpenses_2" xlink:title="label: DisclosureOfAdministrativeExpenses to label_DisclosureOfAdministrativeExpenses"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfAdministrativeExpenses_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfAdministrativeExpenses" xml:lang="en-US" id="label_DisclosureOfAdministrativeExpenses_3">The disclosure of administrative expenses.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfAdministrativeExpenses" xlink:to="label_DisclosureOfAdministrativeExpenses_3" xlink:title="label: DisclosureOfAdministrativeExpenses to label_DisclosureOfAdministrativeExpenses"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfInterestExpenseAndFinanceCostsExplanatory" xlink:label="DisclosureOfInterestExpenseAndFinanceCostsExplanatory" xlink:title="DisclosureOfInterestExpenseAndFinanceCostsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory" xml:lang="en-US" id="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory">Disclosure Of Interest Expense And Finance Costs Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInterestExpenseAndFinanceCostsExplanatory" xlink:to="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory" xlink:title="label: DisclosureOfInterestExpenseAndFinanceCostsExplanatory to label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory" xml:lang="en-US" id="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory_2">Interest Expense and Finance Costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInterestExpenseAndFinanceCostsExplanatory" xlink:to="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory_2" xlink:title="label: DisclosureOfInterestExpenseAndFinanceCostsExplanatory to label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory" xml:lang="en-US" id="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory_3">The disclosure of interest expense and finance costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInterestExpenseAndFinanceCostsExplanatory" xlink:to="label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory_3" xlink:title="label: DisclosureOfInterestExpenseAndFinanceCostsExplanatory to label_DisclosureOfInterestExpenseAndFinanceCostsExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfDividends" xlink:label="DisclosureOfDividendsExplanatory_2" xlink:title="DisclosureOfDividendsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfDividendsExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDividendsExplanatory" xml:lang="en-US" id="label_DisclosureOfDividendsExplanatory_3">Disclosure Of Dividends</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDividendsExplanatory_2" xlink:to="label_DisclosureOfDividendsExplanatory_3" xlink:title="label: DisclosureOfDividendsExplanatory to label_DisclosureOfDividendsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfDividendsExplanatory_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfDividendsExplanatory" xml:lang="en-US" id="label_DisclosureOfDividendsExplanatory_4">Dividends</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDividendsExplanatory_2" xlink:to="label_DisclosureOfDividendsExplanatory_4" xlink:title="label: DisclosureOfDividendsExplanatory to label_DisclosureOfDividendsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfDividendsExplanatory_5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfDividendsExplanatory" xml:lang="en-US" id="label_DisclosureOfDividendsExplanatory_5">The disclosure of dividends.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDividendsExplanatory_2" xlink:to="label_DisclosureOfDividendsExplanatory_5" xlink:title="label: DisclosureOfDividendsExplanatory to label_DisclosureOfDividendsExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" xlink:label="DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" xlink:title="DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" xml:lang="en-US" id="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory">Disclosure Of Future Minimum Lease Revenues Receivable Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" xlink:to="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" xlink:title="label: DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory to label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" xml:lang="en-US" id="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory_2">Future minimum lease revenues receivable under non-cancellable operating leases</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" xlink:to="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory_2" xlink:title="label: DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory to label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" xml:lang="en-US" id="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory_3">The disclosure of future minimum lease revenues receivable under non-cancellable operating leases.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory" xlink:to="label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory_3" xlink:title="label: DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory to label_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfFutureMinimumLeasePaymentsExplanatory" xlink:label="DisclosureOfFutureMinimumLeasePaymentsExplanatory" xlink:title="DisclosureOfFutureMinimumLeasePaymentsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory" xml:lang="en-US" id="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory">Disclosure Of Future Minimum Lease Payments Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFutureMinimumLeasePaymentsExplanatory" xlink:to="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory" xlink:title="label: DisclosureOfFutureMinimumLeasePaymentsExplanatory to label_DisclosureOfFutureMinimumLeasePaymentsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory" xml:lang="en-US" id="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory_2">Future minimum lease payments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFutureMinimumLeasePaymentsExplanatory" xlink:to="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory_2" xlink:title="label: DisclosureOfFutureMinimumLeasePaymentsExplanatory to label_DisclosureOfFutureMinimumLeasePaymentsExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory" xml:lang="en-US" id="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory_3">The disclosure of future minimum lease payments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFutureMinimumLeasePaymentsExplanatory" xlink:to="label_DisclosureOfFutureMinimumLeasePaymentsExplanatory_3" xlink:title="label: DisclosureOfFutureMinimumLeasePaymentsExplanatory to label_DisclosureOfFutureMinimumLeasePaymentsExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfInterestRateRiskExplanatory" xlink:label="DisclosurOfInterestRateRiskExplanatory" xlink:title="DisclosurOfInterestRateRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosurOfInterestRateRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosurOfInterestRateRiskExplanatory" xml:lang="en-US" id="label_DisclosurOfInterestRateRiskExplanatory">Disclosure Of Interest Rate Risk Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosurOfInterestRateRiskExplanatory" xlink:to="label_DisclosurOfInterestRateRiskExplanatory" xlink:title="label: DisclosurOfInterestRateRiskExplanatory to label_DisclosurOfInterestRateRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfInterestRateRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfInterestRateRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfInterestRateRiskExplanatory">Interest rate risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosurOfInterestRateRiskExplanatory" xlink:to="label_DisclosureOfInterestRateRiskExplanatory" xlink:title="label: DisclosureOfInterestRateRiskExplanatory to label_DisclosureOfInterestRateRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfInterestRateRiskExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfInterestRateRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfInterestRateRiskExplanatory_2">The disclosure of interest rate risk.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosurOfInterestRateRiskExplanatory" xlink:to="label_DisclosureOfInterestRateRiskExplanatory_2" xlink:title="label: DisclosureOfInterestRateRiskExplanatory to label_DisclosureOfInterestRateRiskExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfForeignCurrencyRiskExplanatory" xlink:label="DisclosureOfForeignCurrencyRiskExplanatory" xlink:title="DisclosureOfForeignCurrencyRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfForeignCurrencyRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfForeignCurrencyRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfForeignCurrencyRiskExplanatory">Disclosure Of Foreign Currency Risk Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfForeignCurrencyRiskExplanatory" xlink:to="label_DisclosureOfForeignCurrencyRiskExplanatory" xlink:title="label: DisclosureOfForeignCurrencyRiskExplanatory to label_DisclosureOfForeignCurrencyRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfForeignCurrencyRiskExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfForeignCurrencyRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfForeignCurrencyRiskExplanatory_2">Foreign currency risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfForeignCurrencyRiskExplanatory" xlink:to="label_DisclosureOfForeignCurrencyRiskExplanatory_2" xlink:title="label: DisclosureOfForeignCurrencyRiskExplanatory to label_DisclosureOfForeignCurrencyRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfForeignCurrencyRiskExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfForeignCurrencyRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfForeignCurrencyRiskExplanatory_3">The disclosure of foreign currency risk.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfForeignCurrencyRiskExplanatory" xlink:to="label_DisclosureOfForeignCurrencyRiskExplanatory_3" xlink:title="label: DisclosureOfForeignCurrencyRiskExplanatory to label_DisclosureOfForeignCurrencyRiskExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfConcentrationOfCreditRiskExplanatory" xlink:label="DisclosureOfConcentrationOfCreditRiskExplanatory" xlink:title="DisclosureOfConcentrationOfCreditRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfConcentrationOfCreditRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfConcentrationOfCreditRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfConcentrationOfCreditRiskExplanatory">Disclosure Of Concentration Of Credit Risk Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfConcentrationOfCreditRiskExplanatory" xlink:to="label_DisclosureOfConcentrationOfCreditRiskExplanatory" xlink:title="label: DisclosureOfConcentrationOfCreditRiskExplanatory to label_DisclosureOfConcentrationOfCreditRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfConcentrationOfCreditRiskExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfConcentrationOfCreditRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfConcentrationOfCreditRiskExplanatory_2">Concentration of credit risk table</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfConcentrationOfCreditRiskExplanatory" xlink:to="label_DisclosureOfConcentrationOfCreditRiskExplanatory_2" xlink:title="label: DisclosureOfConcentrationOfCreditRiskExplanatory to label_DisclosureOfConcentrationOfCreditRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfConcentrationOfCreditRiskExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfConcentrationOfCreditRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfConcentrationOfCreditRiskExplanatory_3">The disclosure of concentration of credit risk.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfConcentrationOfCreditRiskExplanatory" xlink:to="label_DisclosureOfConcentrationOfCreditRiskExplanatory_3" xlink:title="label: DisclosureOfConcentrationOfCreditRiskExplanatory to label_DisclosureOfConcentrationOfCreditRiskExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfLiquidityRisksExplanatory" xlink:label="DisclosureOfLiquidityRiskExplanatory" xlink:title="DisclosureOfLiquidityRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfLiquidityRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfLiquidityRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfLiquidityRiskExplanatory">Disclosure Of Liquidity Risk Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLiquidityRiskExplanatory" xlink:to="label_DisclosureOfLiquidityRiskExplanatory" xlink:title="label: DisclosureOfLiquidityRiskExplanatory to label_DisclosureOfLiquidityRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfLiquidityRiskExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfLiquidityRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfLiquidityRiskExplanatory_2">Liquidity risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLiquidityRiskExplanatory" xlink:to="label_DisclosureOfLiquidityRiskExplanatory_2" xlink:title="label: DisclosureOfLiquidityRiskExplanatory to label_DisclosureOfLiquidityRiskExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfLiquidityRiskExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfLiquidityRiskExplanatory" xml:lang="en-US" id="label_DisclosureOfLiquidityRiskExplanatory_3">The disclosure of liquidity risk.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLiquidityRiskExplanatory" xlink:to="label_DisclosureOfLiquidityRiskExplanatory_3" xlink:title="label: DisclosureOfLiquidityRiskExplanatory to label_DisclosureOfLiquidityRiskExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfCapitalManagementExplanatory" xlink:label="DisclosureOfCapitalManagementExplanatory" xlink:title="DisclosureOfCapitalManagementExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfCapitalManagementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCapitalManagementExplanatory" xml:lang="en-US" id="label_DisclosureOfCapitalManagementExplanatory">Disclosure Of Capital Management Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCapitalManagementExplanatory" xlink:to="label_DisclosureOfCapitalManagementExplanatory" xlink:title="label: DisclosureOfCapitalManagementExplanatory to label_DisclosureOfCapitalManagementExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfCapitalManagementExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCapitalManagementExplanatory" xml:lang="en-US" id="label_DisclosureOfCapitalManagementExplanatory_2">Capital management</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCapitalManagementExplanatory" xlink:to="label_DisclosureOfCapitalManagementExplanatory_2" xlink:title="label: DisclosureOfCapitalManagementExplanatory to label_DisclosureOfCapitalManagementExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfCapitalManagementExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfCapitalManagementExplanatory" xml:lang="en-US" id="label_DisclosureOfCapitalManagementExplanatory_3">The disclosure of capital management.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCapitalManagementExplanatory" xlink:to="label_DisclosureOfCapitalManagementExplanatory_3" xlink:title="label: DisclosureOfCapitalManagementExplanatory to label_DisclosureOfCapitalManagementExplanatory"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfFairValuesExplanatory" xlink:label="DisclosureOfFairValuesExplanatory" xlink:title="DisclosureOfFairValuesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFairValuesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFairValuesExplanatory" xml:lang="en-US" id="label_DisclosureOfFairValuesExplanatory">Disclosure Of Fair Values Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFairValuesExplanatory" xlink:to="label_DisclosureOfFairValuesExplanatory" xlink:title="label: DisclosureOfFairValuesExplanatory to label_DisclosureOfFairValuesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFairValuesExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfFairValuesExplanatory" xml:lang="en-US" id="label_DisclosureOfFairValuesExplanatory_2">Fair value measurement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFairValuesExplanatory" xlink:to="label_DisclosureOfFairValuesExplanatory_2" xlink:title="label: DisclosureOfFairValuesExplanatory to label_DisclosureOfFairValuesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfFairValuesExplanatory_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfFairValuesExplanatory" xml:lang="en-US" id="label_DisclosureOfFairValuesExplanatory_3">The disclosure of fair values.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFairValuesExplanatory" xlink:to="label_DisclosureOfFairValuesExplanatory_3" xlink:title="label: DisclosureOfFairValuesExplanatory to label_DisclosureOfFairValuesExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DescriptionOfManagingLiquidityRisk" xlink:label="DescriptionOfManagingLiquidityRisk" xlink:title="DescriptionOfManagingLiquidityRisk"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfManagingLiquidityRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfManagingLiquidityRisk" xml:lang="en-US" id="label_DescriptionOfManagingLiquidityRisk">Disclosure of how entity manages liquidity risk [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfManagingLiquidityRisk" xlink:to="label_DescriptionOfManagingLiquidityRisk" xlink:title="label: DescriptionOfManagingLiquidityRisk to label_DescriptionOfManagingLiquidityRisk"/>
    <label xlink:type="resource" xlink:label="label_DescriptionOfManagingLiquidityRisk_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfManagingLiquidityRisk" xml:lang="en-US" id="label_DescriptionOfManagingLiquidityRisk_2">Liquidity risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfManagingLiquidityRisk" xlink:to="label_DescriptionOfManagingLiquidityRisk_2" xlink:title="label: DescriptionOfManagingLiquidityRisk to label_DescriptionOfManagingLiquidityRisk"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_IncreaseDecreaseVoyageExpenses" xlink:label="IncreaseDecreaseVoyageExpenses" xlink:title="IncreaseDecreaseVoyageExpenses"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseVoyageExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseVoyageExpenses" xml:lang="en-US" id="label_IncreaseDecreaseVoyageExpenses">Increase Decrease Voyage Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseVoyageExpenses" xlink:to="label_IncreaseDecreaseVoyageExpenses" xlink:title="label: IncreaseDecreaseVoyageExpenses to label_IncreaseDecreaseVoyageExpenses"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseVoyageExpenses_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseVoyageExpenses" xml:lang="en-US" id="label_IncreaseDecreaseVoyageExpenses_2">Increase/ decrease in voyage expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseVoyageExpenses" xlink:to="label_IncreaseDecreaseVoyageExpenses_2" xlink:title="label: IncreaseDecreaseVoyageExpenses to label_IncreaseDecreaseVoyageExpenses"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseVoyageExpenses_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseVoyageExpenses" xml:lang="en-US" id="label_IncreaseDecreaseVoyageExpenses_3">The increase (decrease) during the reporting period in expenses arising from rendering of services.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseVoyageExpenses" xlink:to="label_IncreaseDecreaseVoyageExpenses_3" xlink:title="label: IncreaseDecreaseVoyageExpenses to label_IncreaseDecreaseVoyageExpenses"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_IncreaseDecreaseVoyageRevenues" xlink:label="IncreaseDecreaseVoyageRevenues" xlink:title="IncreaseDecreaseVoyageRevenues"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseVoyageRevenues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseVoyageRevenues" xml:lang="en-US" id="label_IncreaseDecreaseVoyageRevenues">Increase Decrease Voyage Revenues</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseVoyageRevenues" xlink:to="label_IncreaseDecreaseVoyageRevenues" xlink:title="label: IncreaseDecreaseVoyageRevenues to label_IncreaseDecreaseVoyageRevenues"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseVoyageRevenues_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseVoyageRevenues" xml:lang="en-US" id="label_IncreaseDecreaseVoyageRevenues_2">Increase/ decrease in voyage revenues</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseVoyageRevenues" xlink:to="label_IncreaseDecreaseVoyageRevenues_2" xlink:title="label: IncreaseDecreaseVoyageRevenues to label_IncreaseDecreaseVoyageRevenues"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseVoyageRevenues_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseVoyageRevenues" xml:lang="en-US" id="label_IncreaseDecreaseVoyageRevenues_3">The increase (decrease) during the reporting period in revenues arising from rendering of services.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseVoyageRevenues" xlink:to="label_IncreaseDecreaseVoyageRevenues_3" xlink:title="label: IncreaseDecreaseVoyageRevenues to label_IncreaseDecreaseVoyageRevenues"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LaterThanOneYearMember" xlink:label="LaterThanOneYearMember" xlink:title="LaterThanOneYearMember"/>
    <label xlink:type="resource" xlink:label="label_LaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanOneYearMember" xml:lang="en-US" id="label_LaterThanOneYearMember">Later Than One Year [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearMember" xlink:to="label_LaterThanOneYearMember" xlink:title="label: LaterThanOneYearMember to label_LaterThanOneYearMember"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearMember" xlink:to="label_LaterThanOneYearMember_2" xlink:title="label: LaterThanOneYearMember to label_LaterThanOneYearMember"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:label="EntitysTotalForRelatedPartiesMember" xlink:title="EntitysTotalForRelatedPartiesMember"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:label="NoncurrentDerivativeFinancialLiabilities" xlink:title="NoncurrentDerivativeFinancialLiabilities"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentDerivativeFinancialLiabilities" xlink:to="label_NoncurrentDerivativeFinancialLiabilities_2" xlink:title="label: NoncurrentDerivativeFinancialLiabilities to label_NoncurrentDerivativeFinancialLiabilities"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract" xlink:label="DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract" xlink:title="DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:label="ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:title="ActuarialAssumptionOfExpectedRatesOfInflationMember"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:label="IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:title="IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption"/>
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_OneYearIncreaseMember" xlink:label="OneYearIncreaseMember" xlink:title="OneYearIncreaseMember"/>
    <label xlink:type="resource" xlink:label="label_OneYearIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OneYearIncreaseMember" xml:lang="en-US" id="label_OneYearIncreaseMember">1 year increase</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneYearIncreaseMember" xlink:to="label_OneYearIncreaseMember" xlink:title="label: OneYearIncreaseMember to label_OneYearIncreaseMember"/>
    <label xlink:type="resource" xlink:label="label_OneYearIncreaseMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OneYearIncreaseMember" xml:lang="en-US" id="label_OneYearIncreaseMember_2">One Year Increase [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneYearIncreaseMember" xlink:to="label_OneYearIncreaseMember_2" xlink:title="label: OneYearIncreaseMember to label_OneYearIncreaseMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_OneYearDecreaseMember" xlink:label="OneYearDecreaseMember" xlink:title="OneYearDecreaseMember"/>
    <label xlink:type="resource" xlink:label="label_OneYearDecreaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OneYearDecreaseMember" xml:lang="en-US" id="label_OneYearDecreaseMember">1 year decrease</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneYearDecreaseMember" xlink:to="label_OneYearDecreaseMember" xlink:title="label: OneYearDecreaseMember to label_OneYearDecreaseMember"/>
    <label xlink:type="resource" xlink:label="label_OneYearDecreaseMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OneYearDecreaseMember" xml:lang="en-US" id="label_OneYearDecreaseMember_2">One Year Decrease [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneYearDecreaseMember" xlink:to="label_OneYearDecreaseMember_2" xlink:title="label: OneYearDecreaseMember to label_OneYearDecreaseMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ZeroPointFivePercentagePointIncreaseMember" xlink:label="zeropointfivepercentagepointincreasemember" xlink:title="zeropointfivepercentagepointincreasemember"/>
    <label xlink:type="resource" xlink:label="label_zeropointfivepercentagepointincreasemember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_zeropointfivepercentagepointincreasemember" xml:lang="en-US" id="label_zeropointfivepercentagepointincreasemember">0.25 percentage point increase</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="zeropointfivepercentagepointincreasemember" xlink:to="label_zeropointfivepercentagepointincreasemember" xlink:title="label: zeropointfivepercentagepointincreasemember to label_zeropointfivepercentagepointincreasemember"/>
    <label xlink:type="resource" xlink:label="label_ZeroPointFivePercentagePointIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ZeroPointFivePercentagePointIncreaseMember" xml:lang="en-US" id="label_ZeroPointFivePercentagePointIncreaseMember">Zero Point Five Percentage Point Increase [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="zeropointfivepercentagepointincreasemember" xlink:to="label_ZeroPointFivePercentagePointIncreaseMember" xlink:title="label: ZeroPointFivePercentagePointIncreaseMember to label_ZeroPointFivePercentagePointIncreaseMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ZeroPointFivePercentagePointDecreaseMember" xlink:label="zeropointfivepercentagepointdecreasemember" xlink:title="zeropointfivepercentagepointdecreasemember"/>
    <label xlink:type="resource" xlink:label="label_zeropointfivepercentagepointdecreasemember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_zeropointfivepercentagepointdecreasemember" xml:lang="en-US" id="label_zeropointfivepercentagepointdecreasemember">0.25 percentage point decrease</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="zeropointfivepercentagepointdecreasemember" xlink:to="label_zeropointfivepercentagepointdecreasemember" xlink:title="label: zeropointfivepercentagepointdecreasemember to label_zeropointfivepercentagepointdecreasemember"/>
    <label xlink:type="resource" xlink:label="label_ZeroPointFivePercentagePointDecreaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ZeroPointFivePercentagePointDecreaseMember" xml:lang="en-US" id="label_ZeroPointFivePercentagePointDecreaseMember">Zero Point Five Percentage Point Decrease [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="zeropointfivepercentagepointdecreasemember" xlink:to="label_ZeroPointFivePercentagePointDecreaseMember" xlink:title="label: ZeroPointFivePercentagePointDecreaseMember to label_ZeroPointFivePercentagePointDecreaseMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:label="GainsLossesOnChangeInFairValueOfDerivatives" xlink:title="GainsLossesOnChangeInFairValueOfDerivatives"/>
    <label xlink:type="resource" xlink:label="label_GainsLossesOnChangeInFairValueOfDerivatives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnChangeInFairValueOfDerivatives" xml:lang="en-US" id="label_GainsLossesOnChangeInFairValueOfDerivatives">Gains Losses On Change In Fair Value Of Derivatives</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnChangeInFairValueOfDerivatives" xlink:to="label_GainsLossesOnChangeInFairValueOfDerivatives" xlink:title="label: GainsLossesOnChangeInFairValueOfDerivatives to label_GainsLossesOnChangeInFairValueOfDerivatives"/>
    <label xlink:type="resource" xlink:label="label_GainsLossesOnChangeInFairValueOfDerivatives_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnChangeInFairValueOfDerivatives" xml:lang="en-US" id="label_GainsLossesOnChangeInFairValueOfDerivatives_2">Gain on derivative financial instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnChangeInFairValueOfDerivatives" xlink:to="label_GainsLossesOnChangeInFairValueOfDerivatives_2" xlink:title="label: GainsLossesOnChangeInFairValueOfDerivatives to label_GainsLossesOnChangeInFairValueOfDerivatives"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:label="IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:title="IncreaseDecreaseThroughConversionOfConvertibleInstruments"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xml:lang="en-US" id="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments">Increase (decrease) through conversion of convertible instruments, equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:to="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:title="label: IncreaseDecreaseThroughConversionOfConvertibleInstruments to label_IncreaseDecreaseThroughConversionOfConvertibleInstruments"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xml:lang="en-US" id="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments_2">Issuance of common stock due conversion of loan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:to="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments_2" xlink:title="label: IncreaseDecreaseThroughConversionOfConvertibleInstruments to label_IncreaseDecreaseThroughConversionOfConvertibleInstruments"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xml:lang="en-US" id="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments_3">Issuance of share capital due conversion of loan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:to="label_IncreaseDecreaseThroughConversionOfConvertibleInstruments_3" xlink:title="label: IncreaseDecreaseThroughConversionOfConvertibleInstruments to label_IncreaseDecreaseThroughConversionOfConvertibleInstruments"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" xlink:label="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" xlink:title="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments">Increase Decrease In Number Of Ordinary Shares Issued Through Conversion Of Convertible Instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" xlink:to="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" xlink:title="label: IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments to label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments_2">Issuance of common stock due conversion of loan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" xlink:to="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments_2" xlink:title="label: IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments to label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" xml:lang="en-US" id="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments_3">The increase (decrease) in the number of ordinary shares resulting from the conversion of convertible instruments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments" xlink:to="label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments_3" xlink:title="label: IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments to label_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="Level3OfFairValueHierarchyMember" xlink:title="Level3OfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:label="label_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Level3OfFairValueHierarchyMember" xml:lang="en-US" id="label_Level3OfFairValueHierarchyMember">Level3 Of Fair Value Hierarchy [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level3OfFairValueHierarchyMember" xlink:to="label_Level3OfFairValueHierarchyMember" xlink:title="label: Level3OfFairValueHierarchyMember to label_Level3OfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:label="label_Level3OfFairValueHierarchyMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Level3OfFairValueHierarchyMember" xml:lang="en-US" id="label_Level3OfFairValueHierarchyMember_2">Level 3</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level3OfFairValueHierarchyMember" xlink:to="label_Level3OfFairValueHierarchyMember_2" xlink:title="label: Level3OfFairValueHierarchyMember to label_Level3OfFairValueHierarchyMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AtFairValueMember" xlink:label="AtFairValueMember" xlink:title="AtFairValueMember"/>
    <label xlink:type="resource" xlink:label="label_AtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AtFairValueMember" xml:lang="en-US" id="label_AtFairValueMember">At fair value [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AtFairValueMember" xlink:to="label_AtFairValueMember" xlink:title="label: AtFairValueMember to label_AtFairValueMember"/>
    <label xlink:type="resource" xlink:label="label_AtFairValueMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AtFairValueMember" xml:lang="en-US" id="label_AtFairValueMember_2">Financial liabilities measured at fair value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AtFairValueMember" xlink:to="label_AtFairValueMember_2" xlink:title="label: AtFairValueMember to label_AtFairValueMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xlink:label="NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xlink:title="NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember"/>
    <label xlink:type="resource" xlink:label="label_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xml:lang="en-US" id="label_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember">Not measured at fair value in statement of financial position but for which fair value is disclosed [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xlink:to="label_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xlink:title="label: NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember to label_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember"/>
    <label xlink:type="resource" xlink:label="label_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xml:lang="en-US" id="label_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_2">Financial liabilities not measured at fair value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xlink:to="label_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_2" xlink:title="label: NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember to label_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_GlobusMaritimeLtdMember" xlink:label="GlobusMaritimeLtdMember" xlink:title="GlobusMaritimeLtdMember"/>
    <label xlink:type="resource" xlink:label="label_GlobusMaritimeLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GlobusMaritimeLtdMember" xml:lang="en-US" id="label_GlobusMaritimeLtdMember">Globus Maritime Ltd [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GlobusMaritimeLtdMember" xlink:to="label_GlobusMaritimeLtdMember" xlink:title="label: GlobusMaritimeLtdMember to label_GlobusMaritimeLtdMember"/>
    <label xlink:type="resource" xlink:label="label_GlobusMaritimeLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GlobusMaritimeLtdMember" xml:lang="en-US" id="label_GlobusMaritimeLtdMember_2">Globus Maritime Ltd.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GlobusMaritimeLtdMember" xlink:to="label_GlobusMaritimeLtdMember_2" xlink:title="label: GlobusMaritimeLtdMember to label_GlobusMaritimeLtdMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:label="DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:title="DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" xml:lang="en-US" id="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember">Devocean Maritime Ltd, Domina Maritime Ltd, Dulac Maritime SA, Artful Shipholding SA &amp; Longevity Maritime Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:to="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:title="label: DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember to label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember"/>
    <label xlink:type="resource" xlink:label="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" xml:lang="en-US" id="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember_2">Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., Artful Shipholding S.A. &amp; Longevity Maritime Limited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember" xlink:to="label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember_2" xlink:title="label: DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember to label_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_FirmentShippingIncLoanAgreementMember" xlink:label="FirmentShippingIncLoanAgreementMember" xlink:title="FirmentShippingIncLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentShippingIncLoanAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirmentShippingIncLoanAgreementMember" xml:lang="en-US" id="label_FirmentShippingIncLoanAgreementMember">Firment Shipping Inc Loan Agreement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentShippingIncLoanAgreementMember" xlink:to="label_FirmentShippingIncLoanAgreementMember" xlink:title="label: FirmentShippingIncLoanAgreementMember to label_FirmentShippingIncLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentShippingIncLoanAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirmentShippingIncLoanAgreementMember" xml:lang="en-US" id="label_FirmentShippingIncLoanAgreementMember_2">Firment Shipping Inc.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentShippingIncLoanAgreementMember" xlink:to="label_FirmentShippingIncLoanAgreementMember_2" xlink:title="label: FirmentShippingIncLoanAgreementMember to label_FirmentShippingIncLoanAgreementMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentShippingIncLoanAgreementMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FirmentShippingIncLoanAgreementMember" xml:lang="en-US" id="label_FirmentShippingIncLoanAgreementMember_3">(b) Firment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentShippingIncLoanAgreementMember" xlink:to="label_FirmentShippingIncLoanAgreementMember_3" xlink:title="label: FirmentShippingIncLoanAgreementMember to label_FirmentShippingIncLoanAgreementMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ConvertibleNoteMember" xlink:label="ConvertibleNoteMember" xlink:title="ConvertibleNoteMember"/>
    <label xlink:type="resource" xlink:label="label_ConvertibleNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertibleNoteMember" xml:lang="en-US" id="label_ConvertibleNoteMember">Convertible Note [Member]</label>
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    <label xlink:type="resource" xlink:label="label_ConvertibleNoteMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ConvertibleNoteMember" xml:lang="en-US" id="label_ConvertibleNoteMember_3">(c) Convertible Note</label>
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_EnTrustMember" xlink:label="EnTrustMember" xlink:title="EnTrustMember"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:label="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:title="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:label="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:title="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsAbstract" xlink:label="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsAbstract" xlink:title="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsAbstract"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsAbstract" xml:lang="en-US" id="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsAbstract">Disclosure Of Maturity Analysis Of Operating Lease Payments [Abstract]</label>
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:label="MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:title="MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease"/>
    <label xlink:type="resource" xlink:label="label_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xml:lang="en-US" id="label_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease">Minimum Lease Payments Payable Under Non cancellable Operating Lease</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:to="label_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:title="label: MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease to label_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease"/>
    <label xlink:type="resource" xlink:label="label_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xml:lang="en-US" id="label_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_2">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:to="label_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_2" xlink:title="label: MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease to label_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorAbstract" xlink:label="DisclosureOfFinanceLeaseAndOperatingLeaseByLessorAbstract" xlink:title="DisclosureOfFinanceLeaseAndOperatingLeaseByLessorAbstract"/>
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorTable" xlink:label="DisclosureOfFinanceLeaseAndOperatingLeaseByLessorTable" xlink:title="DisclosureOfFinanceLeaseAndOperatingLeaseByLessorTable"/>
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems" xlink:label="DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems" xlink:title="DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems"/>
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xlink:label="MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xlink:title="MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease"/>
    <label xlink:type="resource" xlink:label="label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xml:lang="en-US" id="label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease">Minimum Lease Payments Receivable Under Non cancellable Operating Lease</label>
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    <label xlink:type="resource" xlink:label="label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xml:lang="en-US" id="label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease_2">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xlink:to="label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease_2" xlink:title="label: MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease to label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease"/>
    <label xlink:type="resource" xlink:label="label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xml:lang="en-US" id="label_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease_3">The amount of future minimum lease payments receivable under non-cancellable operating leases. Minimum lease payments are payments over the lease term that the lessee is or can be required to make, excluding contingent rent, costs for services and taxes to be paid by, and reimbursed to, the lessor, together with: (a) for a lessee, any amounts guaranteed by the lessee or by a party related to the lessee; or (b) for a lessor, any residual value guaranteed to the lessor by: (i) the lessee; (ii) a party related to the lessee; or (iii) a third party unrelated to the lessor that is financially capable of discharging the obligations under the guarantee.</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" xlink:label="AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" xlink:title="AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" xlink:to="label_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives_2" xlink:title="label: AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives to label_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentLeaseLiabilities" xlink:label="NoncurrentLeaseLiabilities" xlink:title="NoncurrentLeaseLiabilities"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLeaseLiabilities" xlink:to="label_NoncurrentLeaseLiabilities" xlink:title="label: NoncurrentLeaseLiabilities to label_NoncurrentLeaseLiabilities"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentLeaseLiabilities" xlink:label="CurrentLeaseLiabilities" xlink:title="CurrentLeaseLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLeaseLiabilities" xml:lang="en-US" id="label_CurrentLeaseLiabilities">Current Lease Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLeaseLiabilities" xlink:to="label_CurrentLeaseLiabilities" xlink:title="label: CurrentLeaseLiabilities to label_CurrentLeaseLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentLeaseLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentLeaseLiabilities" xml:lang="en-US" id="label_CurrentLeaseLiabilities_2">Current portion of operating lease liabilities</label>
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    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentPrepaymentAmount" xlink:label="DebtInstrumentPrepaymentAmount" xlink:title="DebtInstrumentPrepaymentAmount"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPrepaymentAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPrepaymentAmount" xml:lang="en-US" id="label_DebtInstrumentPrepaymentAmount">Debt Instrument Prepayment Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPrepaymentAmount" xlink:to="label_DebtInstrumentPrepaymentAmount" xlink:title="label: DebtInstrumentPrepaymentAmount to label_DebtInstrumentPrepaymentAmount"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPrepaymentAmount_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DebtInstrumentPrepaymentAmount" xml:lang="en-US" id="label_DebtInstrumentPrepaymentAmount_2">Prepayment of long term debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPrepaymentAmount" xlink:to="label_DebtInstrumentPrepaymentAmount_2" xlink:title="label: DebtInstrumentPrepaymentAmount to label_DebtInstrumentPrepaymentAmount"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentPrepaymentAmount_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentPrepaymentAmount" xml:lang="en-US" id="label_DebtInstrumentPrepaymentAmount_3">Amount of debt prepaid during the reporting period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPrepaymentAmount" xlink:to="label_DebtInstrumentPrepaymentAmount_3" xlink:title="label: DebtInstrumentPrepaymentAmount to label_DebtInstrumentPrepaymentAmount"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PaymentsForDebtIssueCosts" xlink:label="PaymentsForDebtIssueCosts" xlink:title="PaymentsForDebtIssueCosts"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForDebtIssueCosts" xlink:to="label_PaymentsForDebtIssueCosts" xlink:title="label: PaymentsForDebtIssueCosts to label_PaymentsForDebtIssueCosts"/>
    <label xlink:type="resource" xlink:label="label_PaymentsForDebtIssueCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsForDebtIssueCosts" xml:lang="en-US" id="label_PaymentsForDebtIssueCosts_2">Payment of financing costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForDebtIssueCosts" xlink:to="label_PaymentsForDebtIssueCosts_2" xlink:title="label: PaymentsForDebtIssueCosts to label_PaymentsForDebtIssueCosts"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty" xlink:label="RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty" xlink:title="RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty"/>
    <label xlink:type="resource" xlink:label="label_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty" xml:lang="en-US" id="label_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty">Right of use Assets That Do Not Meet Definition Of Investment Property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty" xlink:to="label_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty" xlink:title="label: RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty to label_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty"/>
    <label xlink:type="resource" xlink:label="label_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty" xml:lang="en-US" id="label_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty_2">Right of use the asset</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty" xlink:to="label_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty_2" xlink:title="label: RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty to label_RightofuseAssetsThatDoNotMeetDefinitionOfInvestmentProperty"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_TrancheDMember" xlink:label="TrancheDMember" xlink:title="TrancheDMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheDMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrancheDMember" xml:lang="en-US" id="label_TrancheDMember">Tranche D [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheDMember" xlink:to="label_TrancheDMember" xlink:title="label: TrancheDMember to label_TrancheDMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheDMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrancheDMember" xml:lang="en-US" id="label_TrancheDMember_2">Tranche D</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheDMember" xlink:to="label_TrancheDMember_2" xlink:title="label: TrancheDMember to label_TrancheDMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_TrancheEMember" xlink:label="TrancheEMember" xlink:title="TrancheEMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheEMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrancheEMember" xml:lang="en-US" id="label_TrancheEMember">Tranche E [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheEMember" xlink:to="label_TrancheEMember" xlink:title="label: TrancheEMember to label_TrancheEMember"/>
    <label xlink:type="resource" xlink:label="label_TrancheEMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrancheEMember" xml:lang="en-US" id="label_TrancheEMember_2">Tranche E</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheEMember" xlink:to="label_TrancheEMember_2" xlink:title="label: TrancheEMember to label_TrancheEMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:label="DisclosureOfDebtSecuritiesExplanatory" xlink:title="DisclosureOfDebtSecuritiesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfDebtSecuritiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDebtSecuritiesExplanatory" xml:lang="en-US" id="label_DisclosureOfDebtSecuritiesExplanatory">Disclosure of debt instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDebtSecuritiesExplanatory" xlink:to="label_DisclosureOfDebtSecuritiesExplanatory" xlink:title="label: DisclosureOfDebtSecuritiesExplanatory to label_DisclosureOfDebtSecuritiesExplanatory"/>
    <label xlink:type="resource" xlink:label="label_DisclosureOfDebtSecuritiesExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfDebtSecuritiesExplanatory" xml:lang="en-US" id="label_DisclosureOfDebtSecuritiesExplanatory_2">Debt Instrument Covenant Description</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDebtSecuritiesExplanatory" xlink:to="label_DisclosureOfDebtSecuritiesExplanatory_2" xlink:title="label: DisclosureOfDebtSecuritiesExplanatory to label_DisclosureOfDebtSecuritiesExplanatory"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Cash" xlink:label="Cash" xlink:title="Cash"/>
    <label xlink:type="resource" xlink:label="label_Cash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Cash" xml:lang="en-US" id="label_Cash">Cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Cash" xlink:to="label_Cash" xlink:title="label: Cash to label_Cash"/>
    <label xlink:type="resource" xlink:label="label_Cash_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Cash" xml:lang="en-US" id="label_Cash_2">Buffer amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Cash" xlink:to="label_Cash_2" xlink:title="label: Cash to label_Cash"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:label="CurrentDerivativeFinancialLiabilities" xlink:title="CurrentDerivativeFinancialLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentDerivativeFinancialLiabilities" xml:lang="en-US" id="label_CurrentDerivativeFinancialLiabilities">Current Derivative Financial Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDerivativeFinancialLiabilities" xlink:to="label_CurrentDerivativeFinancialLiabilities" xlink:title="label: CurrentDerivativeFinancialLiabilities to label_CurrentDerivativeFinancialLiabilities"/>
    <label xlink:type="resource" xlink:label="label_CurrentDerivativeFinancialLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentDerivativeFinancialLiabilities" xml:lang="en-US" id="label_CurrentDerivativeFinancialLiabilities_2">Current portion of fair value of derivative financial instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDerivativeFinancialLiabilities" xlink:to="label_CurrentDerivativeFinancialLiabilities_2" xlink:title="label: CurrentDerivativeFinancialLiabilities to label_CurrentDerivativeFinancialLiabilities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RightofuseAssets" xlink:label="RightofuseAssets" xlink:title="RightofuseAssets"/>
    <label xlink:type="resource" xlink:label="label_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RightofuseAssets" xml:lang="en-US" id="label_RightofuseAssets">Right of use Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets" xlink:title="label: RightofuseAssets to label_RightofuseAssets"/>
    <label xlink:type="resource" xlink:label="label_RightofuseAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RightofuseAssets" xml:lang="en-US" id="label_RightofuseAssets_2">Right of use asset</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets_2" xlink:title="label: RightofuseAssets to label_RightofuseAssets"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentInterestPayable" xlink:label="NoncurrentInterestPayable" xlink:title="NoncurrentInterestPayable"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentInterestPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentInterestPayable" xml:lang="en-US" id="label_NoncurrentInterestPayable">Non-current interest payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentInterestPayable" xlink:to="label_NoncurrentInterestPayable" xlink:title="label: NoncurrentInterestPayable to label_NoncurrentInterestPayable"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentInterestPayable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentInterestPayable" xml:lang="en-US" id="label_NoncurrentInterestPayable_2">Accrued interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentInterestPayable" xlink:to="label_NoncurrentInterestPayable_2" xlink:title="label: NoncurrentInterestPayable to label_NoncurrentInterestPayable"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentConvertibleConversionPrice" xlink:label="DebtInstrumentConvertibleConversionPrice" xlink:title="DebtInstrumentConvertibleConversionPrice"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentConvertibleConversionPrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentConvertibleConversionPrice" xml:lang="en-US" id="label_DebtInstrumentConvertibleConversionPrice">Debt Instrument Convertible Conversion Price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentConvertibleConversionPrice" xlink:to="label_DebtInstrumentConvertibleConversionPrice" xlink:title="label: DebtInstrumentConvertibleConversionPrice to label_DebtInstrumentConvertibleConversionPrice"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentConvertibleConversionPrice_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentConvertibleConversionPrice" xml:lang="en-US" id="label_DebtInstrumentConvertibleConversionPrice_2">The price per share of the conversion feature embedded in the debt instrument.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentConvertibleConversionPrice" xlink:to="label_DebtInstrumentConvertibleConversionPrice_2" xlink:title="label: DebtInstrumentConvertibleConversionPrice to label_DebtInstrumentConvertibleConversionPrice"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentConvertibleConversionPrice_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentConvertibleConversionPrice" xml:lang="en-US" id="label_DebtInstrumentConvertibleConversionPrice_3">Conversion price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentConvertibleConversionPrice" xlink:to="label_DebtInstrumentConvertibleConversionPrice_3" xlink:title="label: DebtInstrumentConvertibleConversionPrice to label_DebtInstrumentConvertibleConversionPrice"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentConvertibleConversionPrice_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtInstrumentConvertibleConversionPrice" xml:lang="en-US" id="label_DebtInstrumentConvertibleConversionPrice_4">Conversion price | $ / shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentConvertibleConversionPrice" xlink:to="label_DebtInstrumentConvertibleConversionPrice_4" xlink:title="label: DebtInstrumentConvertibleConversionPrice to label_DebtInstrumentConvertibleConversionPrice"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:label="ProportionOfOwnershipInterestInAssociate" xlink:title="ProportionOfOwnershipInterestInAssociate"/>
    <label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfOwnershipInterestInAssociate" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInAssociate">Proportion of ownership interest in associate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInAssociate" xlink:to="label_ProportionOfOwnershipInterestInAssociate" xlink:title="label: ProportionOfOwnershipInterestInAssociate to label_ProportionOfOwnershipInterestInAssociate"/>
    <label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInAssociate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfOwnershipInterestInAssociate" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInAssociate_2">Percentage of ownership in Globus Maritime Ltd.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInAssociate" xlink:to="label_ProportionOfOwnershipInterestInAssociate_2" xlink:title="label: ProportionOfOwnershipInterestInAssociate to label_ProportionOfOwnershipInterestInAssociate"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BorrowerBBorrowerCBorrowerDMember" xlink:label="BorrowerBBorrowerCBorrowerDMember" xlink:title="BorrowerBBorrowerCBorrowerDMember"/>
    <label xlink:type="resource" xlink:label="label_BorrowerBBorrowerCBorrowerDMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowerBBorrowerCBorrowerDMember" xml:lang="en-US" id="label_BorrowerBBorrowerCBorrowerDMember">Borrower B, Borrower C and Borrower D [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowerBBorrowerCBorrowerDMember" xlink:to="label_BorrowerBBorrowerCBorrowerDMember" xlink:title="label: BorrowerBBorrowerCBorrowerDMember to label_BorrowerBBorrowerCBorrowerDMember"/>
    <label xlink:type="resource" xlink:label="label_BorrowerBBorrowerCBorrowerDMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowerBBorrowerCBorrowerDMember" xml:lang="en-US" id="label_BorrowerBBorrowerCBorrowerDMember_2">Borrower B, Borrower C and Borrower D</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowerBBorrowerCBorrowerDMember" xlink:to="label_BorrowerBBorrowerCBorrowerDMember_2" xlink:title="label: BorrowerBBorrowerCBorrowerDMember to label_BorrowerBBorrowerCBorrowerDMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BorrowerABorrowerEMember" xlink:label="BorrowerABorrowerEMember" xlink:title="BorrowerABorrowerEMember"/>
    <label xlink:type="resource" xlink:label="label_BorrowerABorrowerEMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowerABorrowerEMember" xml:lang="en-US" id="label_BorrowerABorrowerEMember">Borrower A and Borrower E [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowerABorrowerEMember" xlink:to="label_BorrowerABorrowerEMember" xlink:title="label: BorrowerABorrowerEMember to label_BorrowerABorrowerEMember"/>
    <label xlink:type="resource" xlink:label="label_BorrowerABorrowerEMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowerABorrowerEMember" xml:lang="en-US" id="label_BorrowerABorrowerEMember_2">Borrower A and Borrower E</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowerABorrowerEMember" xlink:to="label_BorrowerABorrowerEMember_2" xlink:title="label: BorrowerABorrowerEMember to label_BorrowerABorrowerEMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:label="IncreaseDecreaseInWorkingCapital" xlink:title="IncreaseDecreaseInWorkingCapital"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInWorkingCapital" xml:lang="en-US" id="label_IncreaseDecreaseInWorkingCapital">Increase Decrease In Working Capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInWorkingCapital" xlink:to="label_IncreaseDecreaseInWorkingCapital" xlink:title="label: IncreaseDecreaseInWorkingCapital to label_IncreaseDecreaseInWorkingCapital"/>
    <label xlink:type="resource" xlink:label="label_IncreaseDecreaseInWorkingCapital_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInWorkingCapital" xml:lang="en-US" id="label_IncreaseDecreaseInWorkingCapital_2">Working capital deficit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInWorkingCapital" xlink:to="label_IncreaseDecreaseInWorkingCapital_2" xlink:title="label: IncreaseDecreaseInWorkingCapital to label_IncreaseDecreaseInWorkingCapital"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DepreciationRightofuseAssets" xlink:label="DepreciationRightofuseAssets" xlink:title="DepreciationRightofuseAssets"/>
    <label xlink:type="resource" xlink:label="label_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationRightofuseAssets" xml:lang="en-US" id="label_DepreciationRightofuseAssets">Depreciation Right of use Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationRightofuseAssets" xlink:to="label_DepreciationRightofuseAssets" xlink:title="label: DepreciationRightofuseAssets to label_DepreciationRightofuseAssets"/>
    <label xlink:type="resource" xlink:label="label_DepreciationRightofuseAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepreciationRightofuseAssets" xml:lang="en-US" id="label_DepreciationRightofuseAssets_2">Depreciation charge for right-of-use assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationRightofuseAssets" xlink:to="label_DepreciationRightofuseAssets_2" xlink:title="label: DepreciationRightofuseAssets to label_DepreciationRightofuseAssets"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:label="InterestExpenseOnLeaseLiabilities" xlink:title="InterestExpenseOnLeaseLiabilities"/>
    <label xlink:type="resource" xlink:label="label_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseOnLeaseLiabilities" xml:lang="en-US" id="label_InterestExpenseOnLeaseLiabilities">Interest expense on lease liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnLeaseLiabilities" xlink:to="label_InterestExpenseOnLeaseLiabilities" xlink:title="label: InterestExpenseOnLeaseLiabilities to label_InterestExpenseOnLeaseLiabilities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentRestrictedCashAndCashEquivalents" xlink:label="NoncurrentRestrictedCashAndCashEquivalents" xlink:title="NoncurrentRestrictedCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentRestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentRestrictedCashAndCashEquivalents" xml:lang="en-US" id="label_NoncurrentRestrictedCashAndCashEquivalents">Non current Restricted Cash And Cash Equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentRestrictedCashAndCashEquivalents" xlink:to="label_NoncurrentRestrictedCashAndCashEquivalents" xlink:title="label: NoncurrentRestrictedCashAndCashEquivalents to label_NoncurrentRestrictedCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentRestrictedCashAndCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentRestrictedCashAndCashEquivalents" xml:lang="en-US" id="label_NoncurrentRestrictedCashAndCashEquivalents_2">Restricted cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentRestrictedCashAndCashEquivalents" xlink:to="label_NoncurrentRestrictedCashAndCashEquivalents_2" xlink:title="label: NoncurrentRestrictedCashAndCashEquivalents to label_NoncurrentRestrictedCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_NoncurrentRestrictedCashAndCashEquivalents_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentRestrictedCashAndCashEquivalents" xml:lang="en-US" id="label_NoncurrentRestrictedCashAndCashEquivalents_3">Non current restricted cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentRestrictedCashAndCashEquivalents" xlink:to="label_NoncurrentRestrictedCashAndCashEquivalents_3" xlink:title="label: NoncurrentRestrictedCashAndCashEquivalents to label_NoncurrentRestrictedCashAndCashEquivalents"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:label="CurrentRestrictedCashAndCashEquivalents" xlink:title="CurrentRestrictedCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CurrentRestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentRestrictedCashAndCashEquivalents" xml:lang="en-US" id="label_CurrentRestrictedCashAndCashEquivalents">Current Restricted Cash And Cash Equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentRestrictedCashAndCashEquivalents" xlink:to="label_CurrentRestrictedCashAndCashEquivalents" xlink:title="label: CurrentRestrictedCashAndCashEquivalents to label_CurrentRestrictedCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CurrentRestrictedCashAndCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentRestrictedCashAndCashEquivalents" xml:lang="en-US" id="label_CurrentRestrictedCashAndCashEquivalents_2">Restricted cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentRestrictedCashAndCashEquivalents" xlink:to="label_CurrentRestrictedCashAndCashEquivalents_2" xlink:title="label: CurrentRestrictedCashAndCashEquivalents to label_CurrentRestrictedCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:label="label_CurrentRestrictedCashAndCashEquivalents_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentRestrictedCashAndCashEquivalents" xml:lang="en-US" id="label_CurrentRestrictedCashAndCashEquivalents_3">Current restricted cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentRestrictedCashAndCashEquivalents" xlink:to="label_CurrentRestrictedCashAndCashEquivalents_3" xlink:title="label: CurrentRestrictedCashAndCashEquivalents to label_CurrentRestrictedCashAndCashEquivalents"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtSecuritiesCovenants" xlink:label="DebtSecuritiesCovenants" xlink:title="DebtSecuritiesCovenants"/>
    <label xlink:type="resource" xlink:label="label_DebtSecuritiesCovenants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtSecuritiesCovenants" xml:lang="en-US" id="label_DebtSecuritiesCovenants">Debt Instrument Covenant Description</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtSecuritiesCovenants" xlink:to="label_DebtSecuritiesCovenants" xlink:title="label: DebtSecuritiesCovenants to label_DebtSecuritiesCovenants"/>
    <label xlink:type="resource" xlink:label="label_DebtSecuritiesCovenants_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtSecuritiesCovenants" xml:lang="en-US" id="label_DebtSecuritiesCovenants_2">The descripriton of debt instruments' covenants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtSecuritiesCovenants" xlink:to="label_DebtSecuritiesCovenants_2" xlink:title="label: DebtSecuritiesCovenants to label_DebtSecuritiesCovenants"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CashSegregatedUnderCovenantRequirements" xlink:label="CashSegregatedUnderCovenantRequirements" xlink:title="CashSegregatedUnderCovenantRequirements"/>
    <label xlink:type="resource" xlink:label="label_CashSegregatedUnderCovenantRequirements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashSegregatedUnderCovenantRequirements" xml:lang="en-US" id="label_CashSegregatedUnderCovenantRequirements">Cash Segregated Under Covenant Requirements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashSegregatedUnderCovenantRequirements" xlink:to="label_CashSegregatedUnderCovenantRequirements" xlink:title="label: CashSegregatedUnderCovenantRequirements to label_CashSegregatedUnderCovenantRequirements"/>
    <label xlink:type="resource" xlink:label="label_CashSegregatedUnderCovenantRequirements_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashSegregatedUnderCovenantRequirements" xml:lang="en-US" id="label_CashSegregatedUnderCovenantRequirements_2">Cash deposited in a special reserve account pursuant to debt covenant requirements.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashSegregatedUnderCovenantRequirements" xlink:to="label_CashSegregatedUnderCovenantRequirements_2" xlink:title="label: CashSegregatedUnderCovenantRequirements to label_CashSegregatedUnderCovenantRequirements"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_JointControlOrSignificantInfluenceMember" xlink:label="JointControlOrSignificantInfluenceMember" xlink:title="JointControlOrSignificantInfluenceMember"/>
    <label xlink:type="resource" xlink:label="label_JointControlOrSignificantInfluenceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JointControlOrSignificantInfluenceMember" xml:lang="en-US" id="label_JointControlOrSignificantInfluenceMember">Entities with joint control or significant influence over entity [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JointControlOrSignificantInfluenceMember" xlink:to="label_JointControlOrSignificantInfluenceMember" xlink:title="label: JointControlOrSignificantInfluenceMember to label_JointControlOrSignificantInfluenceMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_FirmentShippingMember" xlink:label="FirmentShippingMember" xlink:title="FirmentShippingMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentShippingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirmentShippingMember" xml:lang="en-US" id="label_FirmentShippingMember">Firment Shipping [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentShippingMember" xlink:to="label_FirmentShippingMember" xlink:title="label: FirmentShippingMember to label_FirmentShippingMember"/>
    <label xlink:type="resource" xlink:label="label_FirmentShippingMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirmentShippingMember" xml:lang="en-US" id="label_FirmentShippingMember_2">Firment Shipping Inc.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirmentShippingMember" xlink:to="label_FirmentShippingMember_2" xlink:title="label: FirmentShippingMember to label_FirmentShippingMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DebtSecurities" xlink:label="DebtSecurities" xlink:title="DebtSecurities"/>
    <label xlink:type="resource" xlink:label="label_DebtSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtSecurities" xml:lang="en-US" id="label_DebtSecurities">Debt instruments issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtSecurities" xlink:to="label_DebtSecurities" xlink:title="label: DebtSecurities to label_DebtSecurities"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_DebtInstrumentInterestRateStatedPercentage" xlink:label="DebtInstrumentInterestRateStatedPercentage" xlink:title="DebtInstrumentInterestRateStatedPercentage"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentInterestRateStatedPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentInterestRateStatedPercentage" xml:lang="en-US" id="label_DebtInstrumentInterestRateStatedPercentage">Debt Instrument, Interest Rate, Stated Percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentInterestRateStatedPercentage" xlink:to="label_DebtInstrumentInterestRateStatedPercentage" xlink:title="label: DebtInstrumentInterestRateStatedPercentage to label_DebtInstrumentInterestRateStatedPercentage"/>
    <label xlink:type="resource" xlink:label="label_DebtInstrumentInterestRateStatedPercentage_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentInterestRateStatedPercentage" xml:lang="en-US" id="label_DebtInstrumentInterestRateStatedPercentage_2">Contractual interest rate for funds borrowed, under the debt agreement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentInterestRateStatedPercentage" xlink:to="label_DebtInstrumentInterestRateStatedPercentage_2" xlink:title="label: DebtInstrumentInterestRateStatedPercentage to label_DebtInstrumentInterestRateStatedPercentage"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:title="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
    <label xlink:type="resource" xlink:label="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en-US" id="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities">Payments Of Lease Liabilities Classified As Financing Activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:title="label: PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities to label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
    <label xlink:type="resource" xlink:label="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en-US" id="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_2">Repayment of lease liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_2" xlink:title="label: PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities to label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_LeaseLiabilities" xlink:label="LeaseLiabilities" xlink:title="LeaseLiabilities"/>
    <label xlink:type="resource" xlink:label="label_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilities" xml:lang="en-US" id="label_LeaseLiabilities">Lease Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities" xlink:title="label: LeaseLiabilities to label_LeaseLiabilities"/>
    <label xlink:type="resource" xlink:label="label_LeaseLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseLiabilities" xml:lang="en-US" id="label_LeaseLiabilities_2">Lease liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities_2" xlink:title="label: LeaseLiabilities to label_LeaseLiabilities"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms" xlink:label="LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms" xlink:title="LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms" xml:lang="en-US" id="label_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms">Line of Credit Facility, Frequency of Payment and Payment Terms</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms" xlink:to="label_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms" xlink:title="label: LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms to label_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms"/>
    <label xlink:type="resource" xlink:label="label_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms" xml:lang="en-US" id="label_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms_2">Description of the frequency of the required periodic payments of interest, principal, or both, and the amount, if set, or a description of a formula upon which payment is based.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms" xlink:to="label_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms_2" xlink:title="label: LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms to label_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ReserveOfEquityComponentOfConvertibleInstrumentsMember" xlink:label="ReserveOfEquityComponentOfConvertibleInstrumentsMember" xlink:title="ReserveOfEquityComponentOfConvertibleInstrumentsMember"/>
    <label xlink:type="resource" xlink:label="label_ReserveOfEquityComponentOfConvertibleInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfEquityComponentOfConvertibleInstrumentsMember" xml:lang="en-US" id="label_ReserveOfEquityComponentOfConvertibleInstrumentsMember">Reserve Of Equity Component Of Convertible Instruments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfEquityComponentOfConvertibleInstrumentsMember" xlink:to="label_ReserveOfEquityComponentOfConvertibleInstrumentsMember" xlink:title="label: ReserveOfEquityComponentOfConvertibleInstrumentsMember to label_ReserveOfEquityComponentOfConvertibleInstrumentsMember"/>
    <label xlink:type="resource" xlink:label="label_ReserveOfEquityComponentOfConvertibleInstrumentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfEquityComponentOfConvertibleInstrumentsMember" xml:lang="en-US" id="label_ReserveOfEquityComponentOfConvertibleInstrumentsMember_2">Convertible Note</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfEquityComponentOfConvertibleInstrumentsMember" xlink:to="label_ReserveOfEquityComponentOfConvertibleInstrumentsMember_2" xlink:title="label: ReserveOfEquityComponentOfConvertibleInstrumentsMember to label_ReserveOfEquityComponentOfConvertibleInstrumentsMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_CyberonicaMember" xlink:label="CyberonicaMember" xlink:title="CyberonicaMember"/>
    <label xlink:type="resource" xlink:label="label_CyberonicaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CyberonicaMember" xml:lang="en-US" id="label_CyberonicaMember">Cyberonica [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CyberonicaMember" xlink:to="label_CyberonicaMember" xlink:title="label: CyberonicaMember to label_CyberonicaMember"/>
    <label xlink:type="resource" xlink:label="label_CyberonicaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CyberonicaMember" xml:lang="en-US" id="label_CyberonicaMember_2">Cyberonica</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CyberonicaMember" xlink:to="label_CyberonicaMember_2" xlink:title="label: CyberonicaMember to label_CyberonicaMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OperatingLeaseIncome" xlink:label="OperatingLeaseIncome" xlink:title="OperatingLeaseIncome"/>
    <label xlink:type="resource" xlink:label="label_OperatingLeaseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeaseIncome" xml:lang="en-US" id="label_OperatingLeaseIncome">Operating lease income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseIncome" xlink:to="label_OperatingLeaseIncome" xlink:title="label: OperatingLeaseIncome to label_OperatingLeaseIncome"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RevenueFromContractsWithCustomers" xlink:label="RevenueFromContractsWithCustomers" xlink:title="RevenueFromContractsWithCustomers"/>
    <label xlink:type="resource" xlink:label="label_RevenueFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromContractsWithCustomers" xml:lang="en-US" id="label_RevenueFromContractsWithCustomers">Revenue from contracts with customers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromContractsWithCustomers" xlink:to="label_RevenueFromContractsWithCustomers" xlink:title="label: RevenueFromContractsWithCustomers to label_RevenueFromContractsWithCustomers"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:label="PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:title="PropertyPlantAndEquipmentByOperatingLeaseStatusAxis"/>
    <label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xml:lang="en-US" id="label_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis">Property Plant And Equipment By Operating Lease Status [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:to="label_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:title="label: PropertyPlantAndEquipmentByOperatingLeaseStatusAxis to label_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:label="PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:title="PropertyPlantAndEquipmentByOperatingLeaseStatusMember"/>
    <label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xml:lang="en-US" id="label_PropertyPlantAndEquipmentByOperatingLeaseStatusMember">Property Plant And Equipment By Operating Lease Status [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:to="label_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:title="label: PropertyPlantAndEquipmentByOperatingLeaseStatusMember to label_PropertyPlantAndEquipmentByOperatingLeaseStatusMember"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:label="PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:title="PropertyPlantAndEquipmentSubjectToOperatingLeasesMember"/>
    <label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xml:lang="en-US" id="label_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember">Property Plant And Equipment Subject To Operating Leases [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:to="label_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:title="label: PropertyPlantAndEquipmentSubjectToOperatingLeasesMember to label_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember"/>
    <label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xml:lang="en-US" id="label_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_2">Time charters leases</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:to="label_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_2" xlink:title="label: PropertyPlantAndEquipmentSubjectToOperatingLeasesMember to label_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_ConvertibleDebtIncludingEmbeddedDerivative" xlink:label="ConvertibleDebtIncludingEmbeddedDerivative" xlink:title="ConvertibleDebtIncludingEmbeddedDerivative"/>
    <label xlink:type="resource" xlink:label="label_ConvertibleDebtIncludingEmbeddedDerivative" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertibleDebtIncludingEmbeddedDerivative" xml:lang="en-US" id="label_ConvertibleDebtIncludingEmbeddedDerivative">Convertible Debt Including Embedded Derivative</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebtIncludingEmbeddedDerivative" xlink:to="label_ConvertibleDebtIncludingEmbeddedDerivative" xlink:title="label: ConvertibleDebtIncludingEmbeddedDerivative to label_ConvertibleDebtIncludingEmbeddedDerivative"/>
    <label xlink:type="resource" xlink:label="label_ConvertibleDebtIncludingEmbeddedDerivative_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertibleDebtIncludingEmbeddedDerivative" xml:lang="en-US" id="label_ConvertibleDebtIncludingEmbeddedDerivative_2">Loan Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebtIncludingEmbeddedDerivative" xlink:to="label_ConvertibleDebtIncludingEmbeddedDerivative_2" xlink:title="label: ConvertibleDebtIncludingEmbeddedDerivative to label_ConvertibleDebtIncludingEmbeddedDerivative"/>
    <label xlink:type="resource" xlink:label="label_ConvertibleDebtIncludingEmbeddedDerivative_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConvertibleDebtIncludingEmbeddedDerivative" xml:lang="en-US" id="label_ConvertibleDebtIncludingEmbeddedDerivative_3">Amount of convertible debt, including the amount of the embedded derivative component.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebtIncludingEmbeddedDerivative" xlink:to="label_ConvertibleDebtIncludingEmbeddedDerivative_3" xlink:title="label: ConvertibleDebtIncludingEmbeddedDerivative to label_ConvertibleDebtIncludingEmbeddedDerivative"/>
    <label xlink:type="resource" xlink:label="label_ConvertibleDebtIncludingEmbeddedDerivative_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ConvertibleDebtIncludingEmbeddedDerivative" xml:lang="en-US" id="label_ConvertibleDebtIncludingEmbeddedDerivative_4">Interest bearing loans</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebtIncludingEmbeddedDerivative" xlink:to="label_ConvertibleDebtIncludingEmbeddedDerivative_4" xlink:title="label: ConvertibleDebtIncludingEmbeddedDerivative to label_ConvertibleDebtIncludingEmbeddedDerivative"/>
    <loc xlink:type="locator" xlink:href="glbs-20190630.xsd#glbs_BorrowingsDefaultInterestRate" xlink:label="BorrowingsDefaultInterestRate" xlink:title="BorrowingsDefaultInterestRate"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsDefaultInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsDefaultInterestRate" xml:lang="en-US" id="label_BorrowingsDefaultInterestRate">Borrowings Default Interest Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsDefaultInterestRate" xlink:to="label_BorrowingsDefaultInterestRate" xlink:title="label: BorrowingsDefaultInterestRate to label_BorrowingsDefaultInterestRate"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsDefaultInterestRate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsDefaultInterestRate" xml:lang="en-US" id="label_BorrowingsDefaultInterestRate_2">Default Interest Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsDefaultInterestRate" xlink:to="label_BorrowingsDefaultInterestRate_2" xlink:title="label: BorrowingsDefaultInterestRate to label_BorrowingsDefaultInterestRate"/>
    <label xlink:type="resource" xlink:label="label_BorrowingsDefaultInterestRate_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BorrowingsDefaultInterestRate" xml:lang="en-US" id="label_BorrowingsDefaultInterestRate_3">The default interest per annum above the regular interest charged, in case of failure to repay.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsDefaultInterestRate" xlink:to="label_BorrowingsDefaultInterestRate_3" xlink:title="label: BorrowingsDefaultInterestRate to label_BorrowingsDefaultInterestRate"/>
  </labelLink>
</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>9
<FILENAME>glbs-20190630_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Fujitsu Interstage XWand B0228 -->
<!--
Taxonomy Presentation Links linkbase based on XBRL standard Version 2.1.
Created by UBmatrix Taxonomy Designer 3.0.2.2383 (2008-08-05 09:43).
Contact www.ubmatrix.com
Copyright (c) 2002-2018 UBmatrix inc., All Rights Reserved
Produced on 2018-01-09 12:04:48
-->
<linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink">
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  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VesselsNetConsolidatedStatementOfComprehensiveIncomeTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#VesselsNetConsolidatedStatementOfComprehensiveIncomeTableDetails"/>
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  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VesselsNetConsolidatedStatementOfFinancialPositionTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#VesselsNetTableDetails"/>
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  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VesselsNetDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#VesselsNetDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/TransactionsWithRelatedPartiesCompensationNonExecutiveDirectorsTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#TransactionsWithRelatedPartiesCompensationNonExecutiveDirectorsTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/TransactionsWithRelatedPartiesDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#TransactionsWithRelatedPartiesDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/TransactionsWithRelatedPartiesCompensationExecutiveDirectorsTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#TransactionsWithRelatedPartiesCompensationExecutiveDirectorsTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#LongTermDebtNetTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/ShareCapitalAndSharePremiumTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#ShareCapitalAndSharePremiumTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/ShareCapitalAndSharePremiumCommonSharesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#ShareCapitalAndSharePremiumCommonSharesTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/ShareCapitalAndSharePremiumPreferredSharesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#ShareCapitalAndSharePremiumPreferredSharesTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/EarningsLossPerShareTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#EarningsLossPerShareTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetAnnualLoanPrincipalPaymentsTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#LongTermDebtNetAnnualLoanPrincipalPaymentsTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetDevoceanDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#LongTermDebtNetDevoceanDetails"/>
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  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/CommitmentsFutureMinimumPaymentsTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#CommitmentsFutureMinimumPaymentsTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/CommitmentsFutureMinimumReceivablesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#CommitmentsFutureMinimumReceivablesTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/DividendsDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#DividendsDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/DividendsTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#DividendsTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/IncomeTaxDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#IncomeTaxDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/InterestExpenseAndFinanceCostsTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#InterestExpenseAndFinanceCostsTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/ShareBasedPaymentDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#ShareBasedPaymentDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/ShareBasedPaymentTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#ShareBasedPaymentTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VoyageExpensesAndVesselOperatingExpensesVesselOperatingExpensesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#VoyageExpensesAndVesselOperatingExpensesVesselOperatingExpensesTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VoyageExpensesAndVesselOperatingExpensesVoyageExpensesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#VoyageExpensesAndVesselOperatingExpensesVoyageExpensesTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/DocumentAndEntityInformation" xlink:type="simple" xlink:href="glbs-20190630.xsd#DocumentAndEntityInformation"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetDVBLoanAgreementDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#LongTermDebtNetDVBLoanAgreementDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetFirmentAndSilanerDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#LongTermDebtNetFirmentAndSilanerDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNetKeltyLoanAgreementDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#LongTermDebtNetKeltyLoanAgreementDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FairValueMeasurementsDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FairValueMeasurementsDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FairValueMeasurementsTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FairValueMeasurementsTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesAdjustedBookCapitalizationTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesAdjustedBookCapitalizationTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesConcentrationCreditRiskTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesConcentrationCreditRiskTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesForeignCurrencyRiskTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesForeignCurrencyRiskTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesInterestRiskTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesInterestRiskTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesLiquidityRiskTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesLiquidityRiskTableDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesTableDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesTableDetails"/>
  <roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
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  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/BasisOfPreparationAndSignificantAccountingPolicies" xlink:type="simple" xlink:href="glbs-20190630.xsd#BasisOfPreparationAndSignificantAccountingPolicies"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/BasisOfPresentationAndGeneralInformation" xlink:type="simple" xlink:href="glbs-20190630.xsd#BasisOfPresentationAndGeneralInformation"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/AccruedLiabilitiesAndOtherPayables" xlink:type="simple" xlink:href="glbs-20190630.xsd#AccruedLiabilitiesAndOtherPayables"/>
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  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/BasisOfPreparationAndSignificantAccountingPoliciesPolicy" xlink:type="simple" xlink:href="glbs-20190630.xsd#BasisOfPreparationAndSignificantAccountingPoliciesPolicy"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/CashAndCashEquivalentsAndRestrictedCash" xlink:type="simple" xlink:href="glbs-20190630.xsd#CashAndCashEquivalentsAndRestrictedCash"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/Commitments" xlink:type="simple" xlink:href="glbs-20190630.xsd#Commitments"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/Contingencies" xlink:type="simple" xlink:href="glbs-20190630.xsd#Contingencies"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/Dividends" xlink:type="simple" xlink:href="glbs-20190630.xsd#Dividends"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/EarningsLossPerShare" xlink:type="simple" xlink:href="glbs-20190630.xsd#EarningsLossPerShare"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/EventsAfterTheReportingPeriod" xlink:type="simple" xlink:href="glbs-20190630.xsd#EventsAfterTheReportingPeriod"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FairValueMeasurements" xlink:type="simple" xlink:href="glbs-20190630.xsd#FairValueMeasurements"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPolicies" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPolicies"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/IncomeTax" xlink:type="simple" xlink:href="glbs-20190630.xsd#IncomeTax"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/InterestExpenseAndFinanceCosts" xlink:type="simple" xlink:href="glbs-20190630.xsd#InterestExpenseAndFinanceCosts"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/Inventories" xlink:type="simple" xlink:href="glbs-20190630.xsd#Inventories"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/LongTermDebtNet" xlink:type="simple" xlink:href="glbs-20190630.xsd#LongTermDebtNet"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/PrepaymentsAndOtherAssets" xlink:type="simple" xlink:href="glbs-20190630.xsd#PrepaymentsAndOtherAssets"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/ShareBasedPayment" xlink:type="simple" xlink:href="glbs-20190630.xsd#ShareBasedPayment"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/ShareCapitalAndSharePremium" xlink:type="simple" xlink:href="glbs-20190630.xsd#ShareCapitalAndSharePremium"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/TradeAccountsPayable" xlink:type="simple" xlink:href="glbs-20190630.xsd#TradeAccountsPayable"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/TransactionsWithRelatedParties" xlink:type="simple" xlink:href="glbs-20190630.xsd#TransactionsWithRelatedParties"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VesselsNet" xlink:type="simple" xlink:href="glbs-20190630.xsd#VesselsNet"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VoyageExpensesAndVesselOperatingExpenses" xlink:type="simple" xlink:href="glbs-20190630.xsd#VoyageExpensesAndVesselOperatingExpenses"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/SubsequentEventsDetails" xlink:type="simple" xlink:href="glbs-20190630.xsd#SubsequentEventsDetails"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/AccruedLiabilitiesAndOtherPayablesTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#AccruedLiabilitiesAndOtherPayablesTables"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/BasisOfPresentationTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#BasisOfPresentationTables"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/CashAndCashEquivalentsTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#CashAndCashEquivalentsTables"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/InventoriesTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#InventoriesTables"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/PrepaymentsAndOtherAssetsTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#PrepaymentsAndOtherAssetsTables"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/ShareCapitalAndSharePremiumTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#ShareCapitalAndSharePremiumTables"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/TransactionsWithRelatedPartiesTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#TransactionsWithRelatedPartiesTables"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/VesselsNetTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#VesselsNetTables"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/AdministrativeExpensesTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#AdministrativeExpensesTables"/>
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  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/DividendsTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#DividendsTables"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FairValuesTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#FairValuesTables"/>
  <roleRef roleURI="http://www.globusmaritime.gr/20190630/role/FinancialRiskManagementObjectivesAndPoliciesTables" xlink:type="simple" xlink:href="glbs-20190630.xsd#FinancialRiskManagementObjectivesAndPoliciesTables"/>
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717453232">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorAbstract', window );"><strong>Commitments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfFutureMinimumLeaseRevenuesReceivableExplanatory', window );">Future minimum lease revenues receivable under non-cancellable operating leases</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:53pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June 30, 2019</font></p></td><td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">December 31, 2018</font></p></td></tr><tr><td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Within one year</font></p></td><td style="width:53pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">1,585</font></p></td><td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,991</font></p></td></tr><tr><td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:53pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,585</font></p></td><td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,991</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfFutureMinimumLeasePaymentsExplanatory', window );">Future minimum lease payments</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:408pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.5pt"><td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:69.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June 30, 2019</font></p></td></tr><tr style="height:12.75pt"><td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Within one year</font></p></td><td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">165</font></p></td></tr><tr style="height:12.75pt"><td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">After one year but not more than five years</font><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">567</font></p></td></tr><tr style="height:13.5pt"><td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">More than five years</font></p></td><td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">72</font></p></td></tr><tr style="height:13.5pt"><td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:69.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">804</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6607374400">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Share Premium (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory', window );">Authorised share capital</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:442.95pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.5pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:59.65pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June 30,</font></p></td><td style="width:63.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">December 31,</font></p></td></tr><tr style="height:13.5pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:59.65pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:63.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td></tr><tr style="height:12.75pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Authorised share capital:</font></p></td><td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td></tr><tr style="height:12.75pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">500,000,000 Common Shares of par value $0.004 each</font></p></td><td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,000</font></p></td><td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,000</font></p></td></tr><tr style="height:12.75pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">100,000,000 Class B common shares of par value $0.001 each</font></p></td><td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">100</font></p></td><td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">100</font></p></td></tr><tr style="height:13.5pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">100,000,000 Preferred shares of par value $0.001 each </font></p></td><td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">100</font></p></td><td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">100</font></p></td></tr><tr style="height:13.5pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total authorised share capital</font></p></td><td style="width:59.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,200</font></p></td><td style="width:63.7pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,200</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfCommonSharesExplanatory', window );">Common shares issued and fully paid</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:411.1pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Common Shares issued and fully paid</font></p></td><td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of shares </font></p></td><td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">USD</font></p></td></tr><tr style="height:12.75pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">As at January 1, 2019</font></p></td><td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">3,209,327</font></p></td><td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">13</font></p></td></tr><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Issued during the period for share based compensation (Note 9)</font></p></td><td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">5,780</font></p></td><td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td></tr><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Issuance of common stocks due conversion of loan </font></p></td><td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">1,132,191</font></p></td><td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">4</font></p></td></tr><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">As at June 30, 2019</font></p></td><td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">4,347,298</font></p></td><td style="width:38.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">17</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:411.1pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Common Shares issued and fully paid</font></p></td><td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of shares </font></p></td><td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">USD</font></p></td></tr><tr style="height:12.75pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">As at January 1, 2018</font></p></td><td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">3,163,042</font></p></td><td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">13</font></p></td></tr><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Issued during the period for share based compensation (Note 9)</font></p></td><td style="width:74.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">3,327</font></p></td><td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td></tr><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Issuance of common stocks due to exercise of warrants </font></p></td><td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">37,500</font></p></td><td style="width:38.8pt; 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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of common shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt, Net - EnTrust Loan Agreement (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">6 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 24, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="nump">$ 43,700<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings</a></td>
<td class="nump">37,681<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 36,868<span></span>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">2,709<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,588<span></span>
</td>
<td class="nump">$ 46<span></span>
</td>
<td class="nump">$ 2,756<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember', window );">EnTrust</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Loan Facility, Maximum borrowing capacity</a></td>
<td class="nump">$ 37,000<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Borrowings, interest rate basis</a></td>
<td class="text">Libor<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Borrowings, adjustment to interest rate basis</a></td>
<td class="nump">8.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsDefaultInterestRate', window );">Borrowings Default Interest Rate</a></td>
<td class="nump">10.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="text">&#160;<span></span>
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<td class="nump">$ 37,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtSecuritiesCovenants', window );">Debt Instrument Covenant Description</a></td>
<td class="text">Each Borrower shall maintain in its earnings account during a &#8220;Cash Sweep Period&#8221;, which is the period commencing on the relevant Utilisation Date and ending on 30 September 2019 and each three-month period thereafter commencing on 1 January, 1 April, 1 July and 1 October in each financial year of that Borrower, with the last such three-month period commencing on 30 June 2020 and ending on 30 September 2020, the applicable &#8220;Buffer Amount&#8221;, which is in relation to a Borrower for a Cash Sweep Period, the product of: (a) an amount equal to the lower of: (i) $1,000; and (ii) the difference between the daily time charter equivalent rate of the Ship owned by that Borrower, as evidenced in the management accounts, and the &#8220;Break-Even Expenses&#8221;, as described in the loan agreement, of that ship for that Cash Sweep Period; and (b) the actual number of days lapsed during that Cash Sweep Period for that Borrower. No Borrower shall incur or permit to be outstanding any Financial Indebtedness except &#8220;Permitted Financial Indebtedness&#8221;. "Permitted Financial Indebtedness" means: (a) any Financial Indebtedness incurred under the Finance Documents; (b) any Financial Indebtedness that is subordinated to all Financial Indebtedness incurred under the Finance Documents pursuant to a Subordination Agreement or otherwise and which is, in the case of any such Financial Indebtedness of the Borrower, the subject of Subordinated Debt Security; and (c) any &#8220;Permitted Trade Debt&#8221;. "Permitted Trade Debt" means any trade debt on arm's length commercial terms reasonably incurred in the ordinary course of owning, operating, trading, chartering, maintaining and repairing a Ship which remains unpaid for over 15 days of its due date and which does not exceeds $400 (or the equivalent in any other currency) per Ship at any relevant time


<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember', window );">EnTrust | Tranche A</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="nump">$ 6,375<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings</a></td>
<td class="nump">$ 6,375<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsNumberOfPeriodicPayments', window );">Borrowings Number Of Periodic Payments</a></td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsFrequencyOfPeriodicPayment', window );">Borrowings Frequency Of Periodic Payment</a></td>
<td class="text">quarterly<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsPeriodicPayment', window );">Periodic payment</a></td>
<td class="nump">$ 266<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid', window );">Balloon Payment to be Paid</a></td>
<td class="nump">$ 4,779<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Borrowings, maturity</a></td>
<td class="text">June 2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember', window );">EnTrust | Tranche B</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="nump">$ 7,375<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings</a></td>
<td class="nump">$ 7,375<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsNumberOfPeriodicPayments', window );">Borrowings Number Of Periodic Payments</a></td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsFrequencyOfPeriodicPayment', window );">Borrowings Frequency Of Periodic Payment</a></td>
<td class="text">quarterly<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsPeriodicPayment', window );">Periodic payment</a></td>
<td class="nump">$ 230<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid', window );">Balloon Payment to be Paid</a></td>
<td class="nump">$ 5,995<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Borrowings, maturity</a></td>
<td class="text">June 2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember', window );">EnTrust | Tranche C</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="nump">$ 7,750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings</a></td>
<td class="nump">$ 7,750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsNumberOfPeriodicPayments', window );">Borrowings Number Of Periodic Payments</a></td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsFrequencyOfPeriodicPayment', window );">Borrowings Frequency Of Periodic Payment</a></td>
<td class="text">quarterly<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsPeriodicPayment', window );">Periodic payment</a></td>
<td class="nump">$ 215<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid', window );">Balloon Payment to be Paid</a></td>
<td class="nump">$ 6,460<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Borrowings, maturity</a></td>
<td class="text">June 2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember', window );">EnTrust | Tranche D</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="nump">$ 6,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings</a></td>
<td class="nump">$ 6,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsNumberOfPeriodicPayments', window );">Borrowings Number Of Periodic Payments</a></td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsFrequencyOfPeriodicPayment', window );">Borrowings Frequency Of Periodic Payment</a></td>
<td class="text">quarterly<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsPeriodicPayment', window );">Periodic payment</a></td>
<td class="nump">$ 406<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid', window );">Balloon Payment to be Paid</a></td>
<td class="nump">$ 4,064<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Borrowings, maturity</a></td>
<td class="text">June 2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember', window );">EnTrust | Tranche E</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="nump">$ 9,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings</a></td>
<td class="nump">$ 9,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsNumberOfPeriodicPayments', window );">Borrowings Number Of Periodic Payments</a></td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsFrequencyOfPeriodicPayment', window );">Borrowings Frequency Of Periodic Payment</a></td>
<td class="text">quarterly<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsPeriodicPayment', window );">Periodic payment</a></td>
<td class="nump">$ 375<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid', window );">Balloon Payment to be Paid</a></td>
<td class="nump">$ 6,750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Borrowings, maturity</a></td>
<td class="text">June 2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember', window );">EnTrust | Borrower B, Borrower C and Borrower D</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtSecuritiesCovenants', window );">Debt Instrument Covenant Description</a></td>
<td class="text">Each of Borrower B, Borrower C and Borrower D shall create a reserve fund in the Reserve Account to meet the anticipated dry docking and special survey fees and expenses for the Ship owned by it, by maintaining in the Reserve Account a minimum credit balance (the "Accruing Dry Docking and Special Survey Reserves") which 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), in an amount equal to, at each Quarter End Date, the product of: (i) $500; and (ii) the number of days elapsed from the relevant Utilisation Date until such Quarter End Date, and that Borrower shall ensure that the credit balance of the Reserve Account shall be increased to meet the required amount of the Accruing Dry Docking and Special Survey Reserves by no later than each Quarter End Date.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember', window );">EnTrust | Borrower A and Borrower E</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtSecuritiesCovenants', window );">Debt Instrument Covenant Description</a></td>
<td class="text">Each of Borrower A and Borrower E shall deposit on the relevant Utilisation Date in the Reserve Account to meet the anticipated dry docking and special survey fees and expenses for Ship which is owned by it, a minimum credit balance in an amount equal to $450 which may not be withdrawn (other than for the purpose of covering the documented and incurred costs and expenses for the next special survey of that Ship).<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_CashSegregatedUnderCovenantRequirements', window );">Cash Segregated Under Covenant Requirements</a></td>
<td class="nump">$ 450<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember', window );">EnTrust | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_CompensatingBalanceAmountPerVessel', window );">Compensating Balance, Amount per vessel</a></td>
<td class="nump">$ 250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_LiquidityToConsolidatedIndebtednessRatio', window );">Liquidity to indebtedness ratio</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_BorrowingsDefaultInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The default interest per annum above the regular interest charged, in case of failure to repay.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_BorrowingsDefaultInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_BorrowingsFrequencyOfPeriodicPayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of the frequency of periodic payments (monthly, quarterly, annual).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_BorrowingsFrequencyOfPeriodicPayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_BorrowingsNumberOfPeriodicPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of periodic payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_BorrowingsNumberOfPeriodicPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_BorrowingsPeriodicPayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the required periodic payments including both interest and principal payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_BorrowingsPeriodicPayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of payment greater than the preceding installment payments to be paid at final maturity date of debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_BorrowingsPeriodicPaymentTermsBalloonPaymentToBePaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CashSegregatedUnderCovenantRequirements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash deposited in a special reserve account pursuant to debt covenant requirements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CashSegregatedUnderCovenantRequirements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CompensatingBalanceAmountPerVessel">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of a specific compensating balance arrangement that is maintained per vessel, under an agreement for a bank loan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CompensatingBalanceAmountPerVessel</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_DebtSecuritiesCovenants">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The descripriton of debt instruments' covenants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DebtSecuritiesCovenants</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_LineOfCreditFacilityMaximumBorrowingCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_LineOfCreditFacilityMaximumBorrowingCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_LiquidityToConsolidatedIndebtednessRatio">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The ratio of the company's liquidity to its consolidated indebtedness.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_LiquidityToConsolidatedIndebtednessRatio</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The adjustment to the basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsAdjustmentToInterestRateBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsInterestRateBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsInterestRateBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsMaturity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maturity of borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsMaturity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CreditFacilityAxis=glbs_TrancheAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CreditFacilityAxis=glbs_TrancheAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CreditFacilityAxis=glbs_TrancheBMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CreditFacilityAxis=glbs_TrancheBMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CreditFacilityAxis=glbs_TrancheCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CreditFacilityAxis=glbs_TrancheCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CreditFacilityAxis=glbs_TrancheDMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CreditFacilityAxis=glbs_TrancheDMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CreditFacilityAxis=glbs_TrancheEMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CreditFacilityAxis=glbs_TrancheEMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CreditFacilityAxis=glbs_BorrowerBBorrowerCBorrowerDMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CreditFacilityAxis=glbs_BorrowerBBorrowerCBorrowerDMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CreditFacilityAxis=glbs_BorrowerABorrowerEMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CreditFacilityAxis=glbs_BorrowerABorrowerEMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6715954160">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Share Based Payments (Details) - shares<br></strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_SeriesaPreferredSharesMember', window );">Series A Preferred Shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares that have been authorised and issued, reduced by treasury shares held. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_79_a_iv&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesOutstanding</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td>xbrli:sharesItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=glbs_SeriesaPreferredSharesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<TEXT>
<html>
<head>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6735301840">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Condensed Consolidated Statements of Financial Position - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssetsAbstract', window );"><strong>NON-CURRENT ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Ships', window );">Vessels, net</a></td>
<td class="nump">$ 80,565<span></span>
</td>
<td class="nump">$ 83,750<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OfficeEquipment', window );">Office furniture and equipment</a></td>
<td class="nump">112<span></span>
</td>
<td class="nump">120<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Right of use asset</a></td>
<td class="nump">618<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentRestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="nump">1,250<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentAssets', window );">Other non-current assets</a></td>
<td class="nump">10<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Total non-current assets</a></td>
<td class="nump">82,555<span></span>
</td>
<td class="nump">83,880<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssetsAbstract', window );"><strong>CURRENT ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentReceivables', window );">Trade receivables, net</a></td>
<td class="nump">879<span></span>
</td>
<td class="nump">577<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Inventories</a></td>
<td class="nump">422<span></span>
</td>
<td class="nump">650<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets', window );">Prepayments and other assets</a></td>
<td class="nump">998<span></span>
</td>
<td class="nump">171<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentRestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="nump">909<span></span>
</td>
<td class="nump">1,350<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">2,709<span></span>
</td>
<td class="nump">46<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Total current assets</a></td>
<td class="nump">5,917<span></span>
</td>
<td class="nump">2,794<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">TOTAL ASSETS</a></td>
<td class="nump">88,472<span></span>
</td>
<td class="nump">86,674<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>EQUITY</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">Issued share capital</a></td>
<td class="nump">17<span></span>
</td>
<td class="nump">13<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SharePremium', window );">Share premium</a></td>
<td class="nump">143,486<span></span>
</td>
<td class="nump">140,334<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetainedEarnings', window );">Accumulated deficit</a></td>
<td class="num">(102,770)<span></span>
</td>
<td class="num">(99,297)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">40,733<span></span>
</td>
<td class="nump">41,050<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilitiesAbstract', window );"><strong>NON-CURRENT LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term borrowings, net of current portion</a></td>
<td class="nump">36,707<span></span>
</td>
<td class="nump">1,500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities', window );">Fair value of derivative financial instruments</a></td>
<td class="nump">484<span></span>
</td>
<td class="nump">831<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentProvisionsForEmployeeBenefits', window );">Provision for staff retirement indemnities</a></td>
<td class="nump">24<span></span>
</td>
<td class="nump">87<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLeaseLiabilities', window );">Operating lease liabilities</a></td>
<td class="nump">518<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Total non-current liabilities</a></td>
<td class="nump">37,733<span></span>
</td>
<td class="nump">2,418<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>CURRENT LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPortionOfLongtermBorrowings', window );">Current portion of long-term borrowings</a></td>
<td class="nump">974<span></span>
</td>
<td class="nump">35,368<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade accounts payable</a></td>
<td class="nump">5,023<span></span>
</td>
<td class="nump">6,433<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAccruedExpensesAndOtherCurrentLiabilities', window );">Accrued liabilities and other payables</a></td>
<td class="nump">1,392<span></span>
</td>
<td class="nump">1,319<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLeaseLiabilities', window );">Current portion of operating lease liabilities</a></td>
<td class="nump">112<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentDerivativeFinancialLiabilities', window );">Current portion of fair value of derivative financial instruments</a></td>
<td class="nump">2,355<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredIncome', window );">Deferred revenue</a></td>
<td class="nump">150<span></span>
</td>
<td class="nump">86<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Total current liabilities</a></td>
<td class="nump">10,006<span></span>
</td>
<td class="nump">43,206<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">TOTAL LIABILITIES</a></td>
<td class="nump">47,739<span></span>
</td>
<td class="nump">45,624<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">TOTAL EQUITY AND LIABILITIES</a></td>
<td class="nump">$ 88,472<span></span>
</td>
<td class="nump">$ 86,674<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2020-01-01: The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.
Effective 2020-01-01: The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAccruedExpensesAndOtherCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current accrued expenses and other current liabilities. [Refer: Accruals; Other current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAccruedExpensesAndOtherCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPortionOfLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPortionOfLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current prepayments and other current assets. [Refer: Other current assets; Current prepayments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentRestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentRestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liability representing income that has been received but is not yet earned. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Inventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2019-01-01<br> -Paragraph 36<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_36_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 54<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_54_g&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Inventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssuedCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value of capital issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssuedCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2020-01-01: The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.
Effective 2020-01-01: The amount of a present obligation of the entity to transfer an economic resource as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 28<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentProvisionsForEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current provisions for employee benefits. [Refer: Provisions for employee benefits]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 78<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentProvisionsForEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentRestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentRestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OfficeEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant and equipment representing equipment used to support office functions, not specifically used in the production process. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 37<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_37_h&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OfficeEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current assets that the entity does not separately disclose in the same statement or note. [Refer: Non-current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetainedEarnings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the entity's cumulative undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph IG6<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetainedEarnings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that represent a lessee's right to use an underlying asset for the lease term. Underlying asset is an asset that is the subject of a lease, for which the right to use that asset has been provided by a lessor to a lessee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 53<br> -Subparagraph j<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_53_j&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SharePremium">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount received or receivable from the issuance of the entity's shares in excess of nominal value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant and equipment representing seafaring or other maritime vessels used in the entity's operations. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 37<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_37_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Ships</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 54<br> -Subparagraph k<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables and current other receivables. [Refer: Current trade receivables; Other current receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 54<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_54_h&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717316048">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Significant Accounting Policies and Recent Accounting Pronouncements<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInitialApplicationOfStandardsOrInterpretationsAbstract', window );"><strong>Significant Accounting Policies and Recent Accounting Pronouncements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory', window );">Significant Accounting Policies and Recent Accounting Pronouncements</a></td>
<td class="text"><div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Significant Accounting Policies and recent accounting pronouncements</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><a name="DM_MAP_b70f1f84b6304494bed887f849a0585c"><font style="font-family:'Times New Roman'">The accounting policies adopted are consistent with those of the previous financial year except for the following amended IFRS which have been adopted by the Company as of January 1, 2019:</font></a></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IFRS 16: Leases</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, i.e. the customer (&#8216;lessee&#8217;) and the supplier (&#8216;lessor&#8217;). The new standard requires lessees to recognize most leases on their financial statements. Lessees will have a single accounting model for all leases, with certain exemptions. Lessor accounting is substantially unchanged. </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Group has initially adopted IFRS 16 on January 1, 2019 using the modified retrospective approach under which the comparative information presented for 2018 has not been restated and is presented as it was previously reported under IAS 17 and related interpretations. On transition, the Company has elected to apply the practical expedients available for leases with a remaining lease term of less than one year and leases of low value assets. </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">At transition, the Company identified the rental agreement with Cyberonica S.A., to give rise to a right of use asset and a corresponding liability estimated to approximately $674 as of January 1, 2019, calculated as the present value of minimum future lease payments. The discount rate used is the incremental cost of borrowing. In addition, the nature and recognition of expenses related to those leases changed as IFRS 16 replaced the straight-line operating lease expense with a depreciation charge for right-of-use assets and interest expense on lease liabilities. The depreciation charge for right-of-use assets for the period ended June 30, 2019 was approximately $56 and the interest expense on lease liabilities for the same period was approximately $26.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">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 in 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&#8217;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. The Company believes that the standalone transaction price attributable to the technical management service component 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 consist of the crew expenses, maintenance and consumable costs and was approximately $3,861 for the six month period ended June 30, 2019. The lease component that is disclosed then is calculated as the difference between total revenue and the non-lease component revenue and was approximately $3,081 for the six month period ended June 30, 2019.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IFRS 9: Prepayment features with negative compensation (Amendment)</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Amendment allows financial assets with prepayment features that permit or require a party to a contract either to pay or receive reasonable compensation for the early termination of the contract (so that, from the perspective of the holder of the asset there may be &#8216;negative compensation&#8217;), to be measured at amortized cost or at fair value through other comprehensive income. Management has assessed that these amendments have no impact on the Company&#8217;s financial position or performance.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IAS 28: Long-term Interests in Associates and Joint Ventures (Amendments)</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Amendments relate to whether the measurement, in particular impairment requirements, of long term interests in associates and joint ventures that, in substance, form part of the &#8216;net investment&#8217; in the associate or joint venture should be governed by IFRS 9, IAS 28 or a combination of both. The Amendments clarify that an entity applies IFRS 9 Financial Instruments, before it applies IAS 28, to such long-term interests for which the equity method is not applied. In applying IFRS 9, the entity does not take account of any adjustments to the carrying amount of long- term interests that arise from applying IAS 28. Management has assessed that these amendments has no impact on its financial position or performance.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IFRIC INTERPETATION 23: Uncertainty over Income Tax Treatments </font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Interpretation addresses the accounting for income taxes when tax treatments involve uncertainty that affects the application of IAS 12. The Interpretation provides guidance on considering uncertain tax treatments separately or together, examination by tax authorities, the appropriate method to reflect uncertainty and accounting for changes in facts and circumstances. Management has assessed that this interpretation have no impact on the Company&#8217;s financial position or performance.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IAS 19: Plan Amendment, Curtailment or Settlement (Amendments)</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Amendments require entities to use updated actuarial assumptions to determine current service cost and net interest for the remainder of the annual reporting period after a plan amendment, curtailment or settlement has occurred. The Amendments also clarify how the accounting for a plan amendment, curtailment or settlement affects applying the asset ceiling requirements. Management has assessed that these amendments have no impact on the Company&#8217;s financial position or performance.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">The IASB has issued the Annual Improvements to IFRSs 2015 &#8211; 2017 Cycle</font><font style="font-family:'Times New Roman'">, which is a collection of amendments to IFRSs. Management has assessed that these amendments have no impact on its financial position or performance.</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">IFRS 3 Business Combinations and IFRS 11 Joint Arrangements: The amendments to IFRS 3 clarify that when an entity obtains control of a business that is a joint operation, it remeasures previously held interests in that business. The amendments to IFRS 11 clarify that when an entity obtains joint control of a business that is a joint operation, the entity does not remeasure previously held interests in that business.</font></li><li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">IAS 12 Income Taxes: The amendments clarify that the income tax consequences of payments on financial instruments classified as equity should be recognized according to where the past transactions or events that generated distributable profits has been recognized.</font></li><li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">IAS 23 Borrowing Costs: The amendments clarify paragraph 14 of the standard that, when a qualifying asset is ready for its intended use or sale, and some of the specific borrowing related to that qualifying asset remains outstanding at that point, that borrowing is to be included in the funds that an entity borrows generally.</font></li></ul><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Standards issued but not yet effective and not early adopted:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">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.</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">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.&#160; 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. The application of this amendment will have no impact on the financial position or the performance of the Company since the Company is not an investment entity.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Conceptual Framework in IFRS standards</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The IASB issued the revised Conceptual Framework for Financial Reporting on 29 March 2018. The Conceptual Framework sets out a comprehensive set of concepts for financial reporting, standard setting, guidance for preparers in developing consistent accounting policies and assistance to others in their efforts to understand and interpret the standards. IASB also issued a separate accompanying document, Amendments to References to the Conceptual Framework in IFRS Standards, which sets out the amendments to affected standards in order to update references to the revised Conceptual Framework. Its objective is to support transition to the revised Conceptual Framework for companies that develop accounting policies using the Conceptual Framework when no IFRS Standard applies to a particular transaction. For preparers who develop accounting policies based on the Conceptual Framework, it is effective for annual periods beginning on or after 1 January 2020. </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IFRS 3: Business Combinations (Amendments)</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The IASB issued amendments in Definition of a Business (Amendments to IFRS 3) aimed at resolving the difficulties that arise when an entity determines whether it has acquired a business or a group of assets. The Amendments are effective for business combinations for which the acquisition date is in the first annual reporting period beginning on or after 1 January 2020 and to asset acquisitions that occur on or after the beginning of that period, with earlier application permitted. Management does not expect that these amendments will have an impact on the Company&#8217;s financial position or performance.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors: Definition of &#8216;material&#8217; (Amendments)</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Amendments are effective for annual periods beginning on or after 1 January 2020 with earlier application permitted. The Amendments clarify the definition of material and how it should be applied. The new definition states that, &#8217;Information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements, which provide financial information about a specific reporting entity&#8217;. In addition, the explanations accompanying the definition have been improved. The Amendments also ensure that the definition of material is consistent across all IFRS Standards. Management does not expect that these amendments will have an impact on the Company&#8217;s financial position or performance.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for significant accounting policies applied by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 117<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory</td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6621896592">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cash and cash equivalents and Restricted cash (Table) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsAbstract', window );"><strong>Cash and cash equivalents [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashOnHand', window );">Cash on hand</a></td>
<td class="nump">$ 6<span></span>
</td>
<td class="nump">$ 46<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BalancesWithBanks', window );">Cash at banks</a></td>
<td class="nump">2,703<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Total</a></td>
<td class="nump">$ 2,709<span></span>
</td>
<td class="nump">$ 46<span></span>
</td>
<td class="nump">$ 1,588<span></span>
</td>
<td class="nump">$ 2,756<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash balances held at banks.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash held by the entity. This does not include demand deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6735999136">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Share capital and share premium (Table) (Details) - USD ($)<br> $ / shares in Units, $ in Thousands</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ValueOfSharesAuthorised', window );">Value of shares authorised</a></td>
<td class="nump">$ 2,200<span></span>
</td>
<td class="nump">$ 2,200<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Common Shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ValueOfSharesAuthorised', window );">Value of shares authorised</a></td>
<td class="nump">$ 2,000<span></span>
</td>
<td class="nump">2,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesAuthorised', window );">Number of shares authorised</a></td>
<td class="nump">500,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value per share</a></td>
<td class="nump">$ 0.004<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_ClassBCommonSharesMember', window );">Class B common shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ValueOfSharesAuthorised', window );">Value of shares authorised</a></td>
<td class="nump">$ 100<span></span>
</td>
<td class="nump">100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesAuthorised', window );">Number of shares authorised</a></td>
<td class="nump">100,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value per share</a></td>
<td class="nump">$ 0.001<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember', window );">Preferred shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ValueOfSharesAuthorised', window );">Value of shares authorised</a></td>
<td class="nump">$ 100<span></span>
</td>
<td class="nump">$ 100<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesAuthorised', window );">Number of shares authorised</a></td>
<td class="nump">100,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value per share</a></td>
<td class="nump">$ 0.001<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_ValueOfSharesAuthorised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value of shares authorised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_ValueOfSharesAuthorised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares authorised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_79_a_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesAuthorised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ParValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_79_a_iii&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ParValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_ClassBCommonSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=glbs_ClassBCommonSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717288448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis Of Preparation And Significant Accounting Policies (Policy)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInitialApplicationOfStandardsOrInterpretationsAbstract', window );"><strong>Significant Accounting Policies and Recent Accounting Pronouncements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfInitialApplicationOfStandardsOrInterpretations', window );">Standards amendments and interpretations:</a></td>
<td class="text"><div class="Section1"><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The accounting policies adopted are consistent with those of the previous financial year except for the following amended IFRS which have been adopted by the Company as of January 1, 2019:</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IFRS 16: Leases</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, i.e. the customer (&#8216;lessee&#8217;) and the supplier (&#8216;lessor&#8217;). The new standard requires lessees to recognize most leases on their financial statements. Lessees will have a single accounting model for all leases, with certain exemptions. Lessor accounting is substantially unchanged. </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Group has initially adopted IFRS 16 on January 1, 2019 using the modified retrospective approach under which the comparative information presented for 2018 has not been restated and is presented as it was previously reported under IAS 17 and related interpretations. On transition, the Company has elected to apply the practical expedients available for leases with a remaining lease term of less than one year and leases of low value assets. </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">At transition, the Company identified the rental agreement with Cyberonica S.A., to give rise to a right of use asset and a corresponding liability estimated to approximately $674 as of January 1, 2019, calculated as the present value of minimum future lease payments. The discount rate used is the incremental cost of borrowing. In addition, the nature and recognition of expenses related to those leases changed as IFRS 16 replaced the straight-line operating lease expense with a depreciation charge for right-of-use assets and interest expense on lease liabilities. The depreciation charge for right-of-use assets for the period ended June 30, 2019 was approximately $56 and the interest expense on lease liabilities for the same period was approximately $26.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">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 in 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&#8217;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. The Company believes that the standalone transaction price attributable to the technical management service component 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 consist of the crew expenses, maintenance and consumable costs and was approximately $3,861 for the six month period ended June 30, 2019. The lease component that is disclosed then is calculated as the difference between total revenue and the non-lease component revenue and was approximately $3,081 for the six month period ended June 30, 2019.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IFRS 9: Prepayment features with negative compensation (Amendment)</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Amendment allows financial assets with prepayment features that permit or require a party to a contract either to pay or receive reasonable compensation for the early termination of the contract (so that, from the perspective of the holder of the asset there may be &#8216;negative compensation&#8217;), to be measured at amortized cost or at fair value through other comprehensive income. Management has assessed that these amendments have no impact on the Company&#8217;s financial position or performance.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IAS 28: Long-term Interests in Associates and Joint Ventures (Amendments)</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Amendments relate to whether the measurement, in particular impairment requirements, of long term interests in associates and joint ventures that, in substance, form part of the &#8216;net investment&#8217; in the associate or joint venture should be governed by IFRS 9, IAS 28 or a combination of both. The Amendments clarify that an entity applies IFRS 9 Financial Instruments, before it applies IAS 28, to such long-term interests for which the equity method is not applied. In applying IFRS 9, the entity does not take account of any adjustments to the carrying amount of long- term interests that arise from applying IAS 28. Management has assessed that these amendments has no impact on its financial position or performance.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IFRIC INTERPETATION 23: Uncertainty over Income Tax Treatments </font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Interpretation addresses the accounting for income taxes when tax treatments involve uncertainty that affects the application of IAS 12. The Interpretation provides guidance on considering uncertain tax treatments separately or together, examination by tax authorities, the appropriate method to reflect uncertainty and accounting for changes in facts and circumstances. Management has assessed that this interpretation have no impact on the Company&#8217;s financial position or performance.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IAS 19: Plan Amendment, Curtailment or Settlement (Amendments)</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Amendments require entities to use updated actuarial assumptions to determine current service cost and net interest for the remainder of the annual reporting period after a plan amendment, curtailment or settlement has occurred. The Amendments also clarify how the accounting for a plan amendment, curtailment or settlement affects applying the asset ceiling requirements. Management has assessed that these amendments have no impact on the Company&#8217;s financial position or performance.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">The IASB has issued the Annual Improvements to IFRSs 2015 &#8211; 2017 Cycle</font><font style="font-family:'Times New Roman'">, which is a collection of amendments to IFRSs. Management has assessed that these amendments have no impact on its financial position or performance.</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">IFRS 3 Business Combinations and IFRS 11 Joint Arrangements: The amendments to IFRS 3 clarify that when an entity obtains control of a business that is a joint operation, it remeasures previously held interests in that business. The amendments to IFRS 11 clarify that when an entity obtains joint control of a business that is a joint operation, the entity does not remeasure previously held interests in that business.</font></li><li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">IAS 12 Income Taxes: The amendments clarify that the income tax consequences of payments on financial instruments classified as equity should be recognized according to where the past transactions or events that generated distributable profits has been recognized.</font></li><li style="margin-left:66.15pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">IAS 23 Borrowing Costs: The amendments clarify paragraph 14 of the standard that, when a qualifying asset is ready for its intended use or sale, and some of the specific borrowing related to that qualifying asset remains outstanding at that point, that borrowing is to be included in the funds that an entity borrows generally.</font></li></ul><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Standards issued but not yet effective and not early adopted:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">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.</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">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.&#160; 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). 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The application of this amendment will have no impact on the financial position or the performance of the Company since the Company is not an investment entity.</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Conceptual Framework in IFRS standards</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The IASB issued the revised Conceptual Framework for Financial Reporting on 29 March 2018. The Conceptual Framework sets out a comprehensive set of concepts for financial reporting, standard setting, guidance for preparers in developing consistent accounting policies and assistance to others in their efforts to understand and interpret the standards. IASB also issued a separate accompanying document, Amendments to References to the Conceptual Framework in IFRS Standards, which sets out the amendments to affected standards in order to update references to the revised Conceptual Framework. Its objective is to support transition to the revised Conceptual Framework for companies that develop accounting policies using the Conceptual Framework when no IFRS Standard applies to a particular transaction. For preparers who develop accounting policies based on the Conceptual Framework, it is effective for annual periods beginning on or after 1 January 2020. </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IFRS 3: Business Combinations (Amendments)</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The IASB issued amendments in Definition of a Business (Amendments to IFRS 3) aimed at resolving the difficulties that arise when an entity determines whether it has acquired a business or a group of assets. The Amendments are effective for business combinations for which the acquisition date is in the first annual reporting period beginning on or after 1 January 2020 and to asset acquisitions that occur on or after the beginning of that period, with earlier application permitted. Management does not expect that these amendments will have an impact on the Company&#8217;s financial position or performance.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.14pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors: Definition of &#8216;material&#8217; (Amendments)</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Amendments are effective for annual periods beginning on or after 1 January 2020 with earlier application permitted. The Amendments clarify the definition of material and how it should be applied. The new definition states that, &#8217;Information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements, which provide financial information about a specific reporting entity&#8217;. In addition, the explanations accompanying the definition have been improved. The Amendments also ensure that the definition of material is consistent across all IFRS Standards. Management does not expect that these amendments will have an impact on the Company&#8217;s financial position or performance.</font></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Contingencies<br></strong></div></th>
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<td class="text"><div class="Section1"><h1 style="margin-top:0pt; margin-bottom:0pt; text-align:justify; page-break-after:avoid; font-size:9pt"><font style="font-family:'Times New Roman'">10&#160;&#160;&#160;&#160;&#160;&#160;&#160; Contingencies</font></h1><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Various claims, suits and complaints, including those involving government regulations, arise in the ordinary course of the shipping business.&#160; 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&#8217;s vessels. Currently, management is not aware of any such claims or contingent liabilities, which are material for disclosure. </font></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717219904">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital And Share Premium<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="text"><div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">6&#160;&#160;&#160;&#160;&#160;&#160;&#160; Share Capital and Share Premium</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The authorised share capital of Globus consisted of the following:</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:442.95pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.5pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><a name="DM_MAP_542673b3b9814597b01ab20a5cec119d"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></a></p></td><td style="width:59.65pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June 30,</font></p></td><td style="width:63.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">December 31,</font></p></td></tr><tr style="height:13.5pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:59.65pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:63.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td></tr><tr style="height:12.75pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Authorised share capital:</font></p></td><td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td></tr><tr style="height:12.75pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">500,000,000 Common Shares of par value $0.004 each</font></p></td><td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,000</font></p></td><td style="width:63.7pt; 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padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">100,000,000 Preferred shares of par value $0.001 each </font></p></td><td style="width:59.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">100</font></p></td><td style="width:63.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">100</font></p></td></tr><tr style="height:13.5pt"><td style="width:287.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total authorised share capital</font></p></td><td style="width:59.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,200</font></p></td><td style="width:63.7pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,200</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Holders of the Company&#8217;s common shares and Class B shares have equivalent economic rights, but holders of Company&#8217;s common shares are entitled to one vote per share and holders of the Company&#8217;s Class B shares are entitled to twenty votes per share. Each holder of Class B shares may convert, at its option, any or all of the Class B shares held by such holder into an equal number of common shares.&#160; </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:411.1pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; font-size:9pt"><a name="DM_MAP_d75c970f26894f7ea8192edf1b305386"><font style="font-family:'Times New Roman'; font-weight:bold">Common Shares issued and fully paid</font></a></p></td><td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; 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padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Issuance of common stocks due conversion of loan </font></p></td><td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">1,132,191</font></p></td><td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">4</font></p></td></tr><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">As at June 30, 2019</font></p></td><td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">4,347,298</font></p></td><td style="width:38.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">17</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:411.1pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Common Shares issued and fully paid</font></p></td><td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of shares </font></p></td><td style="width:38.8pt; border-bottom-style:solid; border-bottom-width:1pt; 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Additionally, share premium includes the effects of the acquisition of non-controlling interest, the effects of the Globus initial and follow-on public offerings and the effects of the share based payments described in Note 9. 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Under the terms of the warrants, all warrant holders (other than Firment Shipping Inc., which has no such restriction in its warrants) may not exercise their warrants to the extent such exercise would cause such warrant holder, together with its affiliates and attribution parties, to beneficially own a number of common shares which would exceed 4.99% (which may be increased, but not to exceed 9.99%) of the Company&#8217;s then outstanding common shares immediately following such exercise, excluding for purposes of such determination common shares issuable upon exercise of the warrants which have not been exercised. This provision does not limit a warrant holder from acquiring up to 4.99% of the Company&#8217;s common shares, selling all of their common shares, and re-acquiring up to 4.99% of the Company&#8217;s common shares.</font></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6735549168">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Unaudited Interim Condensed Consolidated Statements of Comprehensive Loss - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueAbstract', window );"><strong>REVENUES:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromRenderingOfServices', window );">Voyage revenues</a></td>
<td class="nump">$ 6,942<span></span>
</td>
<td class="nump">$ 8,132<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total Revenues</a></td>
<td class="nump">6,942<span></span>
</td>
<td class="nump">8,132<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaterialIncomeAndExpenseAbstract', window );"><strong>EXPENSES &amp; OTHER OPERATING INCOME:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ServicesExpense', window );">Voyage expenses</a></td>
<td class="num">(1,187)<span></span>
</td>
<td class="num">(610)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_OperatingCosts', window );">Vessel operating expenses</a></td>
<td class="num">(4,314)<span></span>
</td>
<td class="num">(5,282)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation</a></td>
<td class="num">(2,348)<span></span>
</td>
<td class="num">(2,281)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DepreciationOfDryDockingCosts', window );">Depreciation of dry docking costs</a></td>
<td class="num">(910)<span></span>
</td>
<td class="num">(494)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses</a></td>
<td class="num">(827)<span></span>
</td>
<td class="num">(676)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_AdministrativeExpenseRelatedPartyTransactions', window );">Administrative expenses payable to related parties</a></td>
<td class="num">(188)<span></span>
</td>
<td class="num">(267)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DirectorsCompensationSharebasedPayment', window );">Share-based payments</a></td>
<td class="num">(20)<span></span>
</td>
<td class="num">(20)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Other income, net</a></td>
<td class="nump">79<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating loss</a></td>
<td class="num">(2,773)<span></span>
</td>
<td class="num">(1,493)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromInterest', window );">Interest income</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Interest expense and finance costs</a></td>
<td class="num">(2,278)<span></span>
</td>
<td class="num">(1,027)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Gain on derivative financial instruments</a></td>
<td class="nump">1,572<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Foreign exchange gains/(losses), net</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">47<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">TOTAL LOSS FOR THE PERIOD</a></td>
<td class="num">(3,473)<span></span>
</td>
<td class="num">(2,473)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other Comprehensive Income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">TOTAL COMPREHENSIVE LOSS FOR THE PERIOD</a></td>
<td class="num">$ (3,473)<span></span>
</td>
<td class="num">$ (2,473)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicAndDilutedEarningsPerShareAbstract', window );"><strong>Loss per share (U.S.$):</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicAndDilutedEarningsLossPerShare', window );">- Basic and Diluted loss per share for the period</a></td>
<td class="num">$ (0.95)<span></span>
</td>
<td class="num">$ (0.77)<span></span>
</td>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity classifies as being administrative resulting from related party transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_AdministrativeExpenseRelatedPartyTransactions</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation of dry-docking costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DepreciationOfDryDockingCosts</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to directors in the form of share-based payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DirectorsCompensationSharebasedPayment</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate operating costs incurred during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_OperatingCosts</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity classifies as being administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2019-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_35_b_vi&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdministrativeExpense</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of earnings per share when the basic and diluted measurements are equal. [Refer: Basic earnings (loss) per share; Diluted earnings (loss) per share]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicAndDilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicAndDilutedEarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 82<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of exchange differences recognised in profit or loss that arise from foreign currency transactions, excluding those arising on financial instruments measured at fair value through profit or loss in accordance with IFRS 9. [Refer: At fair value [member]; Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Section A Statement of cash flows for an entity other than a financial institution<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;doctype=Illustrative%20Examples&amp;dita_xref=IAS07_IE_A_TI<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2019-01-01<br> -Paragraph 52<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=21&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_52_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaterialIncomeAndExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaterialIncomeAndExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherOperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income (expense) that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherOperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2019-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2019-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2021-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2019-01-01<br> -Paragraph 113<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2019-01-01<br> -Paragraph IE33<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=32&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_IE33&amp;doctype=Illustrative%20Examples<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2020-01-01: The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.
Effective 2020-01-01: The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2019-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income arising from interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 23<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_23_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B13<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B13_e&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromRenderingOfServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from the rendering of services. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromRenderingOfServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ServicesExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ServicesExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717391392">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis of Presentation And General Information<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract', window );"><strong>Disclosure of subsidiaries [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory', window );">Basis of presentation and general information</a></td>
<td class="text"><div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Basis of presentation and general information</font></p><p style="margin-top:0pt; margin-left:54pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><a name="_DV_M2"></a><a name="_DV_M5"></a><a name="_DV_M6"></a><a name="_DV_M14"></a><a name="_DV_M16"></a><a name="_DV_M30"></a><a name="_DV_M31"></a><a name="_DV_M32"></a><a name="_DV_M33"></a><a name="_DV_M34"></a><a name="_DV_M35"></a><font style="font-family:'Times New Roman'">The accompanying unaudited interim condensed consolidated financial statements include the financial statements of </font><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Globus Maritime Limited</font><font style="font-family:'Times New Roman'"> (&#8220;Globus&#8221;) and its wholly owned subsidiaries (collectively the &#8220;Company&#8221;). Globus was formed on July 26, 2006 under the laws of Jersey. On June 1, 2007, Globus concluded its initial public offering in the United Kingdom and its shares were admitted for trading on the Alternative Investment Market (&#8220;AIM&#8221;). On November 24, 2010 Globus was redomiciled to the Marshall Islands and its shares were admitted for trading in the United States (NASDAQ Global Market) under the Securities Act of 1933, as amended. On November 26, 2010 Globus shares were effectively delisted from AIM. </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The address of the registered office of Globus is: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.&#160; </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The principal business of the Company is the ownership and operation of a fleet of dry bulk motor vessels (&#8220;m/v&#8221;), providing maritime services for the transportation of dry cargo products on a worldwide basis. The Company conducts its operations through its vessel owning subsidiaries.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The operations of the vessels are managed by Globus Shipmanagement Corp. (the &#8220;Manager&#8221;), 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 of June 30, 2018:</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:506.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:154.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><a name="DM_MAP_acc56a92b88c40c4b8bc6281a400ebc3"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Company</font></p></td><td style="width:85.4pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Country of Incorporation</font></p></td><td style="width:78.9pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Vessel Delivery</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Date</font></p></td><td style="width:145.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; 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vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Globus Shipmanagement Corp.</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:78.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:145.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Management Co.</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:506.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">Devocean Maritime Ltd.</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">December 18, 2007</font></p></td><td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">m/v River Globe</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">Domina Maritime Ltd.</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">May 19, 2010</font></p></td><td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">m/v Sky Globe</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">Dulac Maritime S.A.</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">May 25, 2010</font></p></td><td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">m/v Star Globe</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">Artful Shipholding S.A. </font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Marshall Islands </font></p></td><td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">June 22, 2011</font></p></td><td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">m/v Moon Globe</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">Longevity Maritime Limited</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Malta</font></p></td><td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">September 15, 2011</font></p></td><td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">m/v Sun Globe</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><a name="_DV_M40"></a><a name="_DV_M42"></a><font style="font-family:'Times New Roman'">These unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of the management, reflect all normal recurring adjustments considered necessary for a fair presentation of the Company&#8217;s comprehensive loss, financial position and cash flow for the periods presented. Operating results for the six-month period ended June 30, 2019 are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2019.</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The unaudited interim condensed consolidated financial statements for the six months ended June 30, 2019 have been prepared in accordance with IAS 34 Interim Financial Reporting.</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The unaudited interim condensed consolidated financial statements presented in this report do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Company&#8217;s Annual Report on Form 20-F for the year ended December 31, 2018 (the &#8220;2018 Annual Report&#8221;).</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Unless otherwise defined herein, capitalized words and expressions used herein shall have the same meanings ascribed to them in the 2018 Annual Report.</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The unaudited interim condensed consolidated financial statements as of June 30, 2019 and for the six months then ended, were approved for issuance by the Board of Directors on September 26, 2019.</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Going Concern </font><font style="font-family:'Baskerville Win95BT'; font-weight:bold">basis of accounting:</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">As of June 30, 2019, the Company reported a working capital deficit of $4,089 and its cash flow projections indicated that cash on hand and cash to be provided by operating activities might not be sufficient to cover the liquidity needs, including the debt obligations that become due in the twelve-month period ending following the issuance of these unaudited interim condensed consolidated financial statements. </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The above conditions potentially raise substantial doubt about the entity&apos;s ability to continue as a going concern. Management plans to settle loan interest and scheduled loan repayments with cash at hand and cash expected to be generated from the operations and from financing activities. Especially for the Convertible Note that terminates during March 2020 (Note 8) the Company anticipates that it will be converted to equity and no cash will be required for its repayment. As of the date of issue of these unaudited interim condensed consolidated financial statements, within the third quarter of 2019, a total amount of approximately $428, principal and accrued interest, has already been converted to equity (see also Note 13).</font></p><p style="margin-top:0pt; margin-left:35.45pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">As of June 30, 2019 the Company has an undrawn amount of $11.1 million available under the Firment Shipping Credit Facility (Note 8), which if drawn will be sufficient to cover the Company&#8217;s liquidity needs, including the debt obligations that become due in the twelve-month period ending following the issuance of these unaudited interim condensed consolidated financial statements. After considering all related developments and the Company&#8217;s plans, management believes that the substantial doubt about the Company&#8217;s ability to continue as a going concern is alleviated.</font></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 51<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_51&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717283504">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cash and cash equivalents and Restricted Cash (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsAbstract', window );"><strong>Cash and cash equivalents [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Restricted cash and cash equivalents</a></td>
<td class="nump">$ 2,159<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentRestrictedCashAndCashEquivalents', window );">Non current restricted cash and cash equivalents</a></td>
<td class="nump">1,250<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentRestrictedCashAndCashEquivalents', window );">Current restricted cash and cash equivalents</a></td>
<td class="nump">$ 909<span></span>
</td>
<td class="nump">$ 1,350<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentRestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentRestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentRestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentRestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents whose use or withdrawal is restricted. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</div></td></tr>
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<DOCUMENT>
<TYPE>XML
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6729560320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Share Premium - Common Shares (Table) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ValueOfSharesIssuedAbstract', window );"><strong>USD</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">As at December 31,</a></td>
<td class="nump">$ 13<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity', window );">Issuance of common stock due to exercise of warrants</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">As at December 31,</a></td>
<td class="nump">$ 17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Common Shares issued and fully paid</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssuedAbstract', window );"><strong>Number of shares</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssuedAndFullyPaid', window );">As at December 31,</a></td>
<td class="nump">3,209,327<span></span>
</td>
<td class="nump">3,163,042<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions', window );">Issued during the period for share based compensation (Note 9)</a></td>
<td class="nump">5,780<span></span>
</td>
<td class="nump">3,327<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments', window );">Issuance of common stock due conversion of loan</a></td>
<td class="nump">1,132,191<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity', window );">Issuance of common stock due to exercise of warrants</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">37,500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssuedAndFullyPaid', window );">As at December 31,</a></td>
<td class="nump">4,347,298<span></span>
</td>
<td class="nump">3,203,869<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ValueOfSharesIssuedAbstract', window );"><strong>USD</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">As at December 31,</a></td>
<td class="nump">$ 13<span></span>
</td>
<td class="nump">$ 13<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments', window );">Issuance of common stock due conversion of loan</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">As at December 31,</a></td>
<td class="nump">$ 17<span></span>
</td>
<td class="nump">$ 13<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the number of ordinary shares resulting from the conversion of convertible instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughConversionOfConvertibleInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the number of ordinary shares resulting from the exercise of warrants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughExerciseOfWarrantsEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the number of ordinary shares issued resulting from share-based payment transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_IncreaseDecreaseInNumberOfOrdinarySharesIssuedThroughSharebasedPaymentTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_ValueOfSharesIssuedAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_ValueOfSharesIssuedAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the conversion of convertible instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the exercise of warrants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssuedCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value of capital issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssuedCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesIssuedAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssuedAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesIssuedAndFullyPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued by the entity, for which full payment has been received.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_79_a_ii&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssuedAndFullyPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6623680384">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Based Payment<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory', window );">Share Based Payment</a></td>
<td class="text"><div class="Section1"><h1 style="margin-top:0pt; margin-bottom:0pt; text-align:justify; page-break-after:avoid; font-size:9pt"><font style="font-family:'Times New Roman'">9&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Share Based Payment&#160;&#160;&#160; </font></h1><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Share based payment comprise the following:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:455.05pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:22.3pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><a name="DM_MAP_ba5d41842ba14645b0689a3ea82d4e3d"><font style="font-family:'Times New Roman'; font-weight:bold">Period from January 1 to June 30, 2019</font></a></p></td><td style="width:71.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of common shares</font></p></td><td style="width:70.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of preferred shares </font></p></td><td style="width:43.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Issued share Capital</font></p></td><td style="width:46.3pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Share premium</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Non-executive directors payment </font></p></td><td style="width:71.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">5,780</font></p></td><td style="width:70.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:43.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:46.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">20</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total at June 30, 2019</font></p></td><td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">5,780</font></p></td><td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">-</font></p></td><td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">-</font></p></td><td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">20</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:455.05pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:22.3pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Period from January 1 to June 30, 2018</font></p></td><td style="width:71.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of common shares</font></p></td><td style="width:70.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of preferred shares </font></p></td><td style="width:43.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Issued share Capital</font></p></td><td style="width:46.3pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Share premium</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Non-executive directors payment </font></p></td><td style="width:71.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">3,327</font></p></td><td style="width:70.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:43.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:46.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">30</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total at June 30, 2018</font></p></td><td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">3,327</font></p></td><td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">-</font></p></td><td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">-</font></p></td><td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">30</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Series A Preferred shares:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">As of June 30, 2019 and 2018, there were no series A preferred shares outstanding.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div>
<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for share-based payment arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2019-01-01<br> -Paragraph 44<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_44&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717308896">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Vessels, net<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract', window );"><strong>Vessels, net [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory', window );">Vessels, net</a></td>
<td class="text"><div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">5&#160;&#160;&#160;&#160;&#160;&#160;&#160; Vessels, net </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The amounts in the interim condensed consolidated statement of financial position are analysed as follows: </font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:465.45pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:37.85pt"><td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><a name="DM_MAP_79fd85bd6daa47ffa10f46a527436aea"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></a></p></td><td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Vessels cost</font></p></td><td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Vessels depreciation</font></p></td><td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Dry docking costs</font></p></td><td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Depreciation of dry docking costs</font></p></td><td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Net Book Value</font></p></td></tr><tr style="height:13.15pt"><td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Balance at&#160; January 1, 2019</font></p></td><td style="width:44.4pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">179,427</font></p></td><td style="width:49.55pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(97,280)</font></p></td><td style="width:48.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">6,978</font></p></td><td style="width:61.95pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(5,375)</font></p></td><td style="width:54.6pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">83,750</font></p></td></tr><tr style="height:13.15pt"><td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Additions</font></p></td><td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(5)</font></p></td><td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(5)</font></p></td></tr><tr style="height:13.15pt"><td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Depreciation &amp; Amortization</font></p></td><td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(2,270)</font></p></td><td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(910)</font></p></td><td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(3,180)</font></p></td></tr><tr style="height:13.15pt"><td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Balance at June 30, 2019</font></p></td><td style="width:44.4pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">179,427</font></p></td><td style="width:49.55pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(99,550)</font></p></td><td style="width:48.2pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">6,973</font></p></td><td style="width:61.95pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; 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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for property, plant and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;doctype=Standard&amp;dita_xref=IAS16_g73-79_TI<br> -URIDate 2019-03-27<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory</td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6623168960">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Events After The Reporting Period<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory', window );">Events after the reporting date</a></td>
<td class="text"><div class="Section1"><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">13&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Events after the reporting date</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin:0pt 7.05pt 0pt 36pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Conversion of part of the Convertible Note</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Further to the conversion clause included into the Convertible Note during July and September 2019 a total amount of approximately $428, principal and accrued interest, was converted to share capital with the conversion price of $2.25 per share and a total number of 190,403 new shares issued in name of the holder of the Convertible Note.</font></p></div>
<span></span>
</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for events after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 10<br> -IssueDate 2019-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=10&amp;code=ifrs-tx-2019-en-r&amp;doctype=Standard&amp;dita_xref=IAS10_g17-22_TI<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6623149408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Based Payment (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfShareBasedPayment', window );">Share Based Payment</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:455.05pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:22.3pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Period from January 1 to June 30, 2019</font></p></td><td style="width:71.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of common shares</font></p></td><td style="width:70.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of preferred shares </font></p></td><td style="width:43.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Issued share Capital</font></p></td><td style="width:46.3pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Share premium</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Non-executive directors payment </font></p></td><td style="width:71.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">5,780</font></p></td><td style="width:70.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:43.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:46.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">20</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total at June 30, 2019</font></p></td><td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">5,780</font></p></td><td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">-</font></p></td><td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">-</font></p></td><td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">20</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:455.05pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:22.3pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Period from January 1 to June 30, 2018</font></p></td><td style="width:71.8pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of common shares</font></p></td><td style="width:70.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Number of preferred shares </font></p></td><td style="width:43.15pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Issued share Capital</font></p></td><td style="width:46.3pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Share premium</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Non-executive directors payment </font></p></td><td style="width:71.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">3,327</font></p></td><td style="width:70.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:43.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:46.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">30</font></p></td></tr><tr style="height:11.15pt"><td style="width:169.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total at June 30, 2018</font></p></td><td style="width:71.8pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">3,327</font></p></td><td style="width:70.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">-</font></p></td><td style="width:43.15pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">-</font></p></td><td style="width:46.3pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">30</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
<span></span>
</td>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of share based payment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>34
<FILENAME>R22.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717331408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Vessels, net (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract', window );"><strong>Vessels, net [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfPropertyPlantAndEquipmentConsolidatedStatementOfFinancialPositionExplanatory', window );">Vessels, net - Consolidated statement of financial position</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:465.45pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:37.85pt"><td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Vessels cost</font></p></td><td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Vessels depreciation</font></p></td><td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Dry docking costs</font></p></td><td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Depreciation of dry docking costs</font></p></td><td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Net Book Value</font></p></td></tr><tr style="height:13.15pt"><td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Balance at&#160; January 1, 2019</font></p></td><td style="width:44.4pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">179,427</font></p></td><td style="width:49.55pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(97,280)</font></p></td><td style="width:48.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">6,978</font></p></td><td style="width:61.95pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(5,375)</font></p></td><td style="width:54.6pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">83,750</font></p></td></tr><tr style="height:13.15pt"><td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Additions</font></p></td><td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(5)</font></p></td><td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(5)</font></p></td></tr><tr style="height:13.15pt"><td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Depreciation &amp; Amortization</font></p></td><td style="width:44.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:49.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(2,270)</font></p></td><td style="width:48.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:61.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(910)</font></p></td><td style="width:54.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(3,180)</font></p></td></tr><tr style="height:13.15pt"><td style="width:141.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Balance at June 30, 2019</font></p></td><td style="width:44.4pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">179,427</font></p></td><td style="width:49.55pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(99,550)</font></p></td><td style="width:48.2pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">6,973</font></p></td><td style="width:61.95pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(6,285)</font></p></td><td style="width:54.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">80,565</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure for the amounts of property, plant and equipment in the consolidated statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6735279104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt, Net - Firment Shipping Credit Facility (Details) - USD ($)<br> $ / shares in Units, $ in Thousands</strong></div></th>
<th class="th" colspan="1">4 Months Ended</th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Apr. 23, 2019</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 37,681<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 36,868<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43,700<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Gains Losses On Change In Fair Value Of Derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,572<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term borrowings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">36,707<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities', window );">Fair value of derivative financial instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">484<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">831<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawn borrowing facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,709<span></span>
</td>
<td class="nump">$ 1,588<span></span>
</td>
<td class="nump">$ 46<span></span>
</td>
<td class="nump">$ 2,756<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_FirmentShippingMember', window );">Firment Shipping Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Percentage of ownership in Globus Maritime Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">40.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_FirmentTradingLimitedLoanAgreementMember', window );">Firment Shipping Credit Facility</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings</a></td>
<td class="nump">$ 3,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestPayable', window );">Accrued interest</a></td>
<td class="nump">$ 70<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtInstrumentConvertibleConversionPrice', window );">Conversion price | $ / shares</a></td>
<td class="nump">$ 2.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding', window );">Shares issued during period</a></td>
<td class="nump">1,132,191<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Gains Losses On Change In Fair Value Of Derivatives</a></td>
<td class="nump">$ 117<span></span>
</td>
<td class="nump">9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term borrowings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">307<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities', window );">Fair value of derivative financial instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">493<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawn borrowing facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 11,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_DebtInstrumentConvertibleConversionPrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The price per share of the conversion feature embedded in the debt instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DebtInstrumentConvertibleConversionPrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
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<tr>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the number of shares outstanding. [Refer: Number of shares outstanding]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_79_a_iv&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest recognised as a liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInAssociate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in an associate attributable to the entity. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2019-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInAssociate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UndrawnBorrowingFacilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments. [Refer: Capital commitments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 50<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_50_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UndrawnBorrowingFacilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_FirmentShippingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_FirmentShippingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=glbs_FirmentTradingLimitedLoanAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=glbs_FirmentTradingLimitedLoanAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<head>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6713169104">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Commitments (Table) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure Of Finance Lease And Operating Lease By Lessor [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Total</a></td>
<td class="nump">$ 1,585<span></span>
</td>
<td class="nump">$ 2,991<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Within one year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure Of Finance Lease And Operating Lease By Lessor [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Total</a></td>
<td class="nump">$ 1,585<span></span>
</td>
<td class="nump">$ 2,991<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems</td>
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<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of future minimum lease payments receivable under non-cancellable operating leases. Minimum lease payments are payments over the lease term that the lessee is or can be required to make, excluding contingent rent, costs for services and taxes to be paid by, and reimbursed to, the lessor, together with: (a) for a lessee, any amounts guaranteed by the lessee or by a party related to the lessee; or (b) for a lessor, any residual value guaranteed to the lessor by: (i) the lessee; (ii) a party related to the lessee; or (iii) a third party unrelated to the lessor that is financially capable of discharging the obligations under the guarantee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6713314624">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cash and Cash Equivalents And Restricted Cash<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsAbstract', window );"><strong>Cash and cash equivalents [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory', window );">Cash and cash equivalents and Restricted cash</a></td>
<td class="text"><div class="Section1"><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">3&#160;&#160;&#160;&#160;&#160;&#160;&#160; Cash and cash equivalents and Restricted cash</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">For the purpose of the interim condensed consolidated statement of financial position, cash and cash equivalents comprise the following:</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:439.2pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:12.75pt"><td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><a name="DM_MAP_c5ea4999d47341cead0f7a861b0ba488"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></a></p></td><td style="width:60.1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June </font><font style="font-family:'Times New Roman'; font-weight:bold">30, </font><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:60.05pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">December 31, 2018</font></p></td></tr><tr style="height:12.75pt"><td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Cash on hand</font></p></td><td style="width:60.1pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">6</font></p></td><td style="width:60.05pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">46</font></p></td></tr><tr style="height:12.75pt"><td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Cash at banks</font></p></td><td style="width:60.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,703</font></p></td><td style="width:60.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td></tr><tr style="height:12.75pt"><td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:60.1pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,709</font></p></td><td style="width:60.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">46</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-indent:-0.55pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Cash held in banks earns interest at floating rates based on daily bank deposit rates. Bank deposits are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Company and earn interest at the respective bank deposit rates. </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:27.8pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">As at June 30, 2019, in order to fulfil the collateral requirements contained in the loan agreement (Note 8), the Company has pledged an aggregate amount of $2,159. This amount is presented on the accompanying statement of financial position under restricted cash current 909, ($1,350 as at December 31, 2018) and restricted cash non-current 1,250 (zero as at December 31, 2018).</font></p></div>
<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsAbstract</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory</td>
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<TYPE>XML
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<TEXT>
<html>
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<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6735892512">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Fair values (Table) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="nump">$ 484<span></span>
</td>
<td class="nump">$ 831<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Long -term borrowings</a></td>
<td class="nump">38,555<span></span>
</td>
<td class="nump">37,163<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities</a></td>
<td class="nump">39,989<span></span>
</td>
<td class="nump">37,030<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Financial liabilities measured at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities at fair value</a></td>
<td class="nump">2,839<span></span>
</td>
<td class="nump">831<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="nump">2,839<span></span>
</td>
<td class="nump">831<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember', window );">Financial liabilities not measured at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Long -term borrowings</a></td>
<td class="nump">38,555<span></span>
</td>
<td class="nump">37,163<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities</a></td>
<td class="nump">38,555<span></span>
</td>
<td class="nump">37,163<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 | Financial liabilities not measured at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities</a></td>
<td class="nump">39,989<span></span>
</td>
<td class="nump">37,030<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 | Financial liabilities measured at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="nump">$ 2,839<span></span>
</td>
<td class="nump">$ 831<span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt, before deduction of unamortized (discount) premium and debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity&#8217;s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity&#8217;s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilitiesAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial liabilities. [Refer: At fair value [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilitiesAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MeasurementAxis=ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6734796992">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Unaudited Interim Condensed Consolidated Statements of Changes in Equity - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Total</div></th>
<th class="th"><div>Issued share Capital</div></th>
<th class="th"><div>Share Premium</div></th>
<th class="th"><div>(Accumulated Deficit)</div></th>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">BALANCE at Dec. 31, 2017</a></td>
<td class="nump">$ 43,968<span></span>
</td>
<td class="nump">$ 13<span></span>
</td>
<td class="nump">$ 139,684<span></span>
</td>
<td class="num">$ (95,729)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Loss for the period</a></td>
<td class="num">(2,473)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,473)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity', window );">Issuance of common stock due to exercise of warrants (Note 6)</a></td>
<td class="nump">600<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">600<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Share-based payments (Note 9)</a></td>
<td class="nump">30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">BALANCE at Jun. 30, 2018</a></td>
<td class="nump">42,125<span></span>
</td>
<td class="nump">13<span></span>
</td>
<td class="nump">140,314<span></span>
</td>
<td class="num">(98,202)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">BALANCE at Dec. 31, 2018</a></td>
<td class="nump">41,050<span></span>
</td>
<td class="nump">13<span></span>
</td>
<td class="nump">140,334<span></span>
</td>
<td class="num">(99,297)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Loss for the period</a></td>
<td class="num">(3,473)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,473)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfEquity', window );">Issuance of common shares</a></td>
<td class="nump">3,136<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="nump">3,132<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Share-based payments (Note 9)</a></td>
<td class="nump">20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">BALANCE at Jun. 30, 2019</a></td>
<td class="nump">$ 40,733<span></span>
</td>
<td class="nump">$ 17<span></span>
</td>
<td class="nump">$ 143,486<span></span>
</td>
<td class="num">$ (102,770)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the exercise of warrants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from share-based payment transactions. [Refer: Equity]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in equity through the issue of equity instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2019-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2019-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2021-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2019-01-01<br> -Paragraph 113<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717296416">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorAbstract', window );"><strong>Commitments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCommitmentsExplanatory', window );">Disclosure of commitments [text block]</a></td>
<td class="text"><div class="Section1"><h1 style="margin-top:0pt; margin-bottom:0pt; text-align:justify; page-break-after:avoid; font-size:9pt"><font style="font-family:'Times New Roman'">11&#160;&#160;&#160;&#160;&#160;&#160;&#160; Commitments</font></h1><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Company enters into time charter arrangements on its vessels. These non-cancellable arrangements had remaining terms between three days to three months as of June 30, 2019 and between five days to seven months as of December 31, 2018, assuming redelivery at the earliest possible date. Future net minimum lease revenues receivable under non-cancellable operating leases as of June 30, 2019 and December 31, 2018, are as follows (vessel off-hires and dry-docking days that could occur but are not currently known are not taken into consideration; in addition early delivery of the vessels by the charterers is not accounted for):</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><a name="DM_MAP_1fc269fd6ffe45069c7535389474db5c"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p></td><td style="width:53pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June 30, 2019</font></p></td><td style="width:74.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">December 31, 2018</font></p></td></tr><tr><td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Within one year</font></p></td><td style="width:53pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">1,585</font></p></td><td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,991</font></p></td></tr><tr><td style="width:244.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:53pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,585</font></p></td><td style="width:74.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,991</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">These amounts include consideration for other elements of the arrangement apart from the right to use the vessel such as </font><font style="font-family:'Times New Roman'">crew expenses, maintenance and consumable costs.</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">At June 30, 2019, the Company was a party to an operating lease agreement as lessee. The operating lease relates to the office premises of the Manager at a monthly rate of &#8364;10.36 and for a lease period ending January 2, 2025.</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The future minimum lease payments under this agreement as of June 30, 2019 assuming a Euro: US dollar exchange rate for 2019: 1:1.14, were as follows:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:408pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.5pt"><td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><a name="DM_MAP_ac5ddc0fb5664f58b2a9e7416f2a4ea3"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p></td><td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:69.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June 30, 2019</font></p></td></tr><tr style="height:12.75pt"><td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Within one year</font></p></td><td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">165</font></p></td></tr><tr style="height:12.75pt"><td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">After one year but not more than five years</font><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">567</font></p></td></tr><tr style="height:13.5pt"><td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">More than five years</font></p></td><td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">72</font></p></td></tr><tr style="height:13.5pt"><td style="width:234.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:72.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:69.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">804</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of commitments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<head>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717258256">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Loss Per Share<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EarningsPerShareAbstract', window );"><strong>Loss per share [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfEarningsPerShareExplanatory', window );">Loss per Share</a></td>
<td class="text"><div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">7&#160;&#160;&#160;&#160;&#160;&#160;&#160; Loss per Share</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Basic earnings/(loss) per share (&#8220;EPS&#8221;/&#8216;&#8216;LPS&#8217;&#8217;) is calculated by dividing the net profit/(loss) for the period attributable to Globus shareholders by the weighted average number of shares issued, paid and outstanding.&#160; </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Diluted earnings/(loss) per share is calculated by dividing the net profit/(loss) attributable to common equity holders of the parent by the weighted average shares outstanding during the period 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. </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The following reflects the loss and share data used in the basic and diluted loss per share computations:</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:389.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:12.75pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><a name="DM_MAP_ddf15e2302f1451794a6987c6e9987ed"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></a></p></td><td colspan="2" style="width:102.6pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June 30,</font></p></td></tr><tr style="height:12.75pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td></tr><tr style="height:12.75pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Loss attributable to common equity holders</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(3,473)</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(2,473)</font></p></td></tr><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Weighted average number of shares for basic and diluted LPS</font></p></td><td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">3,642,256</font></p></td><td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">3,196,161</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
<span></span>
</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2019-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2019-en-r&amp;doctype=Standard&amp;dita_xref=IAS33_g70-73A_TI<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfEarningsPerShareExplanatory</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareAbstract</td>
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<DOCUMENT>
<TYPE>XML
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<TEXT>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6736879472">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Significant Accounting Policies And Recent Accounting Pronouncements (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Jan. 01, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsLineItems', window );"><strong>Disclosure of offsetting of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Right of use asset</a></td>
<td class="nump">$ 618<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromRenderingOfServices', window );">Revenue From Rendering Of services</a></td>
<td class="nump">6,942<span></span>
</td>
<td class="nump">$ 8,132<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CounterpartiesAxis=glbs_CyberonicaMember', window );">Cyberonica</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsLineItems', window );"><strong>Disclosure of offsetting of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Right of use asset</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 674<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liability</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 674<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationRightofuseAssets', window );">Depreciation charge for right-of-use assets</a></td>
<td class="nump">56<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseOnLeaseLiabilities', window );">Interest expense on lease liabilities</a></td>
<td class="nump">26<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis=ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember', window );">Time charters leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsLineItems', window );"><strong>Disclosure of offsetting of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromRenderingOfServices', window );">Revenue From Rendering Of services</a></td>
<td class="nump">3,861<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OperatingLeaseIncome', window );">Operating lease income</a></td>
<td class="nump">$ 3,081<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationRightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation of right-of-use assets. [Refer: Depreciation and amortisation expense; Right-of-use assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 53<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_53_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationRightofuseAssets</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpenseOnLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest expense on lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 53<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_53_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseOnLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities related to the entity's leases. Lease is a contract, or part of a contract, that conveys the right to use an underlying asset for a period of time in exchange for consideration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OperatingLeaseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of operating lease income. Operating lease is a lease that does not transfer substantially all the risks and rewards incidental to ownership of an underlying asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 90<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_90_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OperatingLeaseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromRenderingOfServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from the rendering of services. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromRenderingOfServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that represent a lessee's right to use an underlying asset for the lease term. Underlying asset is an asset that is the subject of a lease, for which the right to use that asset has been provided by a lessor to a lessee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 53<br> -Subparagraph j<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_53_j&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CounterpartiesAxis=glbs_CyberonicaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CounterpartiesAxis=glbs_CyberonicaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis=ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis=ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<head>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6735927840">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Vessels, net - Consolidated Statement of Financial Position (Table) (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th">
<div>Jun. 30, 2019 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Ships', window );">Balance</a></td>
<td class="nump">$ 83,750<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation &amp; Amortization</a></td>
<td class="num">(3,180)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Ships', window );">Balance</a></td>
<td class="nump">80,565<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=glbs_CarryingAmountIMember', window );">Carrying Amount</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Ships', window );">Balance</a></td>
<td class="nump">83,750<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation &amp; Amortization</a></td>
<td class="num">(3,180)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Ships', window );">Balance</a></td>
<td class="nump">80,565<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ShipsMember', window );">Vessels | Gross carrying amount</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Ships', window );">Balance</a></td>
<td class="nump">179,427<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Ships', window );">Balance</a></td>
<td class="nump">179,427<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ShipsMember', window );">Vessels | Accumulated depreciation, amortisation and impairment</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_AccumulatedDepreciationPropertyPlantAndEquipment', window );">Balance</a></td>
<td class="num">(97,280)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation &amp; Amortization</a></td>
<td class="num">(2,270)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_AccumulatedDepreciationPropertyPlantAndEquipment', window );">Balance</a></td>
<td class="num">(99,550)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=glbs_DryDockingMember', window );">Dry docking | Gross carrying amount</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Ships', window );">Balance</a></td>
<td class="nump">6,978<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Ships', window );">Balance</a></td>
<td class="nump">6,973<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=glbs_DryDockingMember', window );">Dry docking | Accumulated depreciation, amortisation and impairment</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_AccumulatedDepreciationPropertyPlantAndEquipment', window );">Balance</a></td>
<td class="num">(5,375)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation &amp; Amortization</a></td>
<td class="num">(910)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_AccumulatedDepreciationPropertyPlantAndEquipment', window );">Balance</a></td>
<td class="num">$ (6,285)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_AccumulatedDepreciationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation for physical assets used in the normal conduct of business to produce goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_AccumulatedDepreciationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to property, plant and equipment other than those acquired through business combinations. [Refer: Business combinations [member]; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_73_e_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationAndAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation and amortisation expense. Depreciation and amortisation are the systematic allocations of depreciable amounts of assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 23<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_23_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B13<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B13_d&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 104<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationAndAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Ships">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant and equipment representing seafaring or other maritime vessels used in the entity's operations. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2019-01-01<br> -Paragraph 37<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_37_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Ships</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=glbs_CarryingAmountIMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ShipsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ShipsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=glbs_DryDockingMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717415744">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Loss per Share (Table) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EarningsPerShareAbstract', window );"><strong>Loss per share [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity', window );">Loss attributable to common equity holders</a></td>
<td class="num">$ (3,473)<span></span>
</td>
<td class="num">$ (2,473)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageShares', window );">Weighted average number of shares for basic and diluted LPS</a></td>
<td class="nump">3,642,256<span></span>
</td>
<td class="nump">3,196,161<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EarningsPerShareAbstract">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to ordinary equity holders of the parent entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2019-01-01<br> -Paragraph 70<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_70_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2019-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6623115232">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair values (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract', window );"><strong>Disclosure of fair value measurement of assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfFairValuesExplanatory', window );">Fair value measurement</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:474.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:12.1pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amount</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="4" style="width:160.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Fair value</font></p></td></tr><tr style="height:27.7pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-style:italic">(in thousands of USD)</font></p></td><td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Other financial liabilities</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Level 1</font></p></td><td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Level 2</font></p></td><td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Level 3</font></p></td><td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">30, 2019</font></p></td><td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.1pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Financial liabilities measured at fair value</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Derivative financial instruments</font></p></td><td style="width:79.35pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,839</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,839</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,839</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,839</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:10.6pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.1pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Financial liabilities not measured at fair value</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Long-term borrowings</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">38,555</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">39,989</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">39,989</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; border-top:1pt solid #002060; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">38,555</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:474.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:12.1pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amount</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="4" style="width:160.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Fair value</font></p></td></tr><tr style="height:27.7pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-style:italic">(in thousands of USD)</font></p></td><td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Other financial liabilities</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; 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margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Long-term borrowings</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">37,163</font></p></td><td style="width:5.35pt; 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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Loss per share (Tables)<br></strong></div></th>
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<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:389.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:12.75pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td colspan="2" style="width:102.6pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June 30,</font></p></td></tr><tr style="height:12.75pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td></tr><tr style="height:12.75pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Loss attributable to common equity holders</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(3,473)</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(2,473)</font></p></td></tr><tr style="height:13.5pt"><td style="width:265.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Weighted average number of shares for basic and diluted LPS</font></p></td><td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">3,642,256</font></p></td><td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">3,196,161</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure for earnings per share.</p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6607860656">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis of presentation and general information (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract', window );"><strong>Disclosure of subsidiaries [abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory', window );">Basis of presentation and general information</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:506.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:154.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Company</font></p></td><td style="width:85.4pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Country of Incorporation</font></p></td><td style="width:78.9pt; border-bottom-style:solid; 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padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:145.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Globus Shipmanagement Corp.</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:78.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:145.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Management Co.</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:506.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">Devocean Maritime Ltd.</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">December 18, 2007</font></p></td><td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">m/v River Globe</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">Domina Maritime Ltd.</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">May 19, 2010</font></p></td><td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">m/v Sky Globe</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">Dulac Maritime S.A.</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">May 25, 2010</font></p></td><td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">m/v Star Globe</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">Artful Shipholding S.A. </font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">Marshall Islands </font></p></td><td style="width:86pt; 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margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">September 15, 2011</font></p></td><td style="width:138.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">m/v Sun Globe</font></p></td></tr><tr><td style="width:154.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:85.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:86pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:6pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:138.05pt; 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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of subsidiaries. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2019-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_16_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B4<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B4_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6737619696">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Long-Term Debt, net - Annual Loan Principal Payments (Table) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">$ 38,555<span></span>
</td>
<td class="nump">$ 37,163<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ConvertibleDebtIncludingEmbeddedDerivative', window );">Loan Balance</a></td>
<td class="nump">42,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember', window );">(a) EnTrust</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">37,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_FirmentShippingIncLoanAgreementMember', window );">(b) Firment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ConvertibleDebtIncludingEmbeddedDerivative', window );">Loan Balance</a></td>
<td class="nump">800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_ConvertibleNoteMember', window );">(c) Convertible Note</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">5,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Not later than one year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">5,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Not later than one year | (a) EnTrust</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Not later than one year | (b) Firment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ConvertibleDebtIncludingEmbeddedDerivative', window );">Loan Balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Not later than one year | (c) Convertible Note</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">5,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember', window );">Later than one year and not later than two years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">3,785<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember', window );">Later than one year and not later than two years | (a) EnTrust</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">2,985<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember', window );">Later than one year and not later than two years | (b) Firment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ConvertibleDebtIncludingEmbeddedDerivative', window );">Loan Balance</a></td>
<td class="nump">800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember', window );">Later than one year and not later than two years | (c) Convertible Note</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=glbs_LaterThanTwoYearsMember', window );">Later than two years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">34,015<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=glbs_LaterThanTwoYearsMember', window );">Later than two years | (a) EnTrust</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">34,015<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=glbs_LaterThanTwoYearsMember', window );">Later than two years | (b) Firment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ConvertibleDebtIncludingEmbeddedDerivative', window );">Loan Balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=glbs_LaterThanTwoYearsMember', window );">Later than two years | (c) Convertible Note</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_BorrowingsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt, before deduction of unamortized (discount) premium and debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_BorrowingsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_ConvertibleDebtIncludingEmbeddedDerivative">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of convertible debt, including the amount of the embedded derivative component.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_ConvertibleDebtIncludingEmbeddedDerivative</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=glbs_EnTrustMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=glbs_FirmentShippingIncLoanAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=glbs_FirmentShippingIncLoanAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=glbs_ConvertibleNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=glbs_ConvertibleNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=glbs_LaterThanTwoYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=glbs_LaterThanTwoYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>51
<FILENAME>R45.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6730594784">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Based Payment (Table) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Stock issued during the year (value) - Share based compensation</a></td>
<td class="nump">$ 20<span></span>
</td>
<td class="nump">$ 30<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_NumberOfOrdinarySharesMember', window );">Number of common shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued', window );">Stock issued during the year (shares) - Share based compensation</a></td>
<td class="nump">5,780<span></span>
</td>
<td class="nump">3,327<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_NumberOfOrdinarySharesMember', window );">Number of common shares | Non-executive directors payment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued', window );">Stock issued during the year (shares) - Share based compensation</a></td>
<td class="nump">5,780<span></span>
</td>
<td class="nump">3,327<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComponentsOfEquityAxis=ifrs-full_SharePremiumMember', window );">Share Premium</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Stock issued during the year (value) - Share based compensation</a></td>
<td class="nump">$ 20<span></span>
</td>
<td class="nump">$ 30<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComponentsOfEquityAxis=ifrs-full_SharePremiumMember', window );">Share Premium | Non-executive directors payment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Stock issued during the year (value) - Share based compensation</a></td>
<td class="nump">$ 20<span></span>
</td>
<td class="nump">$ 30<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the number of ordinary shares issued. [Refer: Ordinary shares [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from share-based payment transactions. [Refer: Equity]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_NumberOfOrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=glbs_NumberOfOrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_NonExecutiveDirectorsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_NonExecutiveDirectorsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfEquityAxis=ifrs-full_SharePremiumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfEquityAxis=ifrs-full_SharePremiumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>52
<FILENAME>R49.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6731671024">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments (Details)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th">
<div>Jun. 30, 2019 </div>
<div>EUR (&#8364;) </div>
<div>&#8364; / $</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorAbstract', window );"><strong>Commitments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_MonthlyRentalExpense', window );">Monthly rental expense | &#8364;</a></td>
<td class="nump">&#8364; 10,360<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AverageForeignExchangeRate', window );">Euro: US dollar exchange rate | &#8364; / $</a></td>
<td class="nump">1.14<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_MonthlyRentalExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of monthly expense recognised on rental activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_MonthlyRentalExpense</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AverageForeignExchangeRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average exchange rate used by the entity. Exchange rate is the ratio of exchange for two currencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AverageForeignExchangeRate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6712653712">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt, net (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract', window );"><strong>Disclosure of detailed information about borrowings [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfBorrowingsConsolidatedStatementOfFinancialPosition', window );">Long-Term Debt, net - Consolidated statement of financial position</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:520.8pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:14.4pt; margin-bottom:0pt; text-indent:-14.4pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Borrower</font></p></td><td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Loan Balance</font></p></td><td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unamortized Debt Discount</font></p></td><td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total Borrowings</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(a)</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., </font><font style="font-family:'Times New Roman'">Artful Shipholding S.A. &amp; Longevity Maritime Limited</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">37,000</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(874)</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">36,126</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(b) </font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Globus Maritime Ltd. &#8211; Firment Shipping Inc.</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">307</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">307</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(c) </font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Globus Maritime Ltd. &#8211; Convertible Note</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">1,248</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">1,248</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total at June 30, 2019</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">38,555</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(874)</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">37,681</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Less: Current Portion</font></p></td><td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(1,248)</font></p></td><td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">274</font></p></td><td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(974)</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Long-Term Portion</font></p></td><td style="width:49.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">37,307</font></p></td><td style="width:73.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(600)</font></p></td><td style="width:55.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">36,707</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:49.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:73.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:55.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total at December 31, 2018</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">37,163</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(295)</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">36,868</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Less: Current Portion</font></p></td><td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(35,663)</font></p></td><td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">295</font></p></td><td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(35,368)</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Long-Term Portion</font></p></td><td style="width:49.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,500</font></p></td><td style="width:73.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">-</font></p></td><td style="width:55.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,500</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfLongTermDebtAnnualPrincipalPayments', window );">Long-Term Debt, net - Annual loan principal paymetns</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:335pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:15pt"><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:11pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(a)</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(b)</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold"> (c)</font></p></td><td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td></tr><tr style="height:24.75pt"><td style="width:51.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June 30,</font></p></td><td style="width:51.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">EnTrust</font></p></td><td style="width:56.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Firment</font></p></td><td style="width:56.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Convertible Note</font></p></td><td style="width:66.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td></tr><tr style="height:12.75pt"><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">5,000</font></p></td><td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">5,000</font></p></td></tr><tr style="height:12.75pt"><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">2021</font></p></td><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,985</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">800</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">3,785</font></p></td></tr><tr style="height:24.75pt"><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">2022 and thereafter&#160; </font></p></td><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">34,015</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">34,015</font></p></td></tr><tr style="height:13.5pt"><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:51.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">37,000</font></p></td><td style="width:56.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">800</font></p></td><td style="width:56.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">5,000</font></p></td><td style="width:66.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">42,800</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of annual loan principal payments.</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cash and cash equivalents and Restricted cash (Tables)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DisclosureOfCashAndBankBalancesExplanatory', window );">Cash and cash equivalents and Restricted cash</a></td>
<td class="text"><div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:439.2pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:12.75pt"><td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:60.1pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June </font><font style="font-family:'Times New Roman'; font-weight:bold">30, </font><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:60.05pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">December 31, 2018</font></p></td></tr><tr style="height:12.75pt"><td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Cash on hand</font></p></td><td style="width:60.1pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">6</font></p></td><td style="width:60.05pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">46</font></p></td></tr><tr style="height:12.75pt"><td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Cash at banks</font></p></td><td style="width:60.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,703</font></p></td><td style="width:60.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td></tr><tr style="height:12.75pt"><td style="width:286.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:60.1pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,709</font></p></td><td style="width:60.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">46</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure for cash on hand and at banks.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6737459120">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis of Presentation and General Information (Table) (Details)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=glbs_GlobusShipmanagementCorpMember', window );">Globus Shipmanagement Corp.</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of Incorporation</a></td>
<td class="text">Marshall Islands<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Vessel Owned</a></td>
<td class="text">Management Co. <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=glbs_DevoceanMaritimeLtdMember', window );">Devocean Maritime Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of Incorporation</a></td>
<td class="text">Marshall Islands<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_VesselDeliveryDate', window );">Vessel Delivery Date</a></td>
<td class="text">December 18, 2007<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Vessel Owned</a></td>
<td class="text">m/v River Globe<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=glbs_DominaMaritimeLtdMember', window );">Domina Maritime Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of Incorporation</a></td>
<td class="text">Marshall Islands<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_VesselDeliveryDate', window );">Vessel Delivery Date</a></td>
<td class="text">May 19, 2010<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Vessel Owned</a></td>
<td class="text">m/v Sky Globe<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=glbs_DulacMaritimeSAMember', window );">Dulac Maritime S.A.</a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of Incorporation</a></td>
<td class="text">Marshall Islands<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_VesselDeliveryDate', window );">Vessel Delivery Date</a></td>
<td class="text">May 25, 2010<span></span>
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<td class="text">m/v Star Globe<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=glbs_ArtfulShipholdingSAMember', window );">Artful Shipholding S.A.</a></td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of Incorporation</a></td>
<td class="text">Marshall Islands<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_VesselDeliveryDate', window );">Vessel Delivery Date</a></td>
<td class="text">June 22, 2011<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Vessel Owned</a></td>
<td class="text">m/v Moon Globe<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=glbs_LongevityMaritimeLimitedMember', window );">Longevity Maritime Limited</a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of Incorporation</a></td>
<td class="text">Malta<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_VesselDeliveryDate', window );">Vessel Delivery Date</a></td>
<td class="text">September 15, 2011<span></span>
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<td class="text">m/v Sun Globe<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The date of the vessel delivery to the Company.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The country in which a subsidiary of the entity is incorporated. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2019-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_16_b_ii&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_b_ii&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph 12<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_12_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph 19B<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_19B_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NameOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The name of a subsidiary. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_b_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2019-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_16_b_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph 12<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_12_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph 19B<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_19B_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NameOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=glbs_DevoceanMaritimeLtdMember</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=glbs_DominaMaritimeLtdMember</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
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<tr>
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<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=glbs_LongevityMaritimeLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
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<td></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6712077232">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Commitments - Future minimum lease payments (Table) (Details)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Jun. 30, 2019 </div>
<div>USD ($)</div>
</th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems', window );"><strong>Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="nump">$ 804<span></span>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems', window );"><strong>Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Total</a></td>
<td class="nump">165<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">After one year but not more than five years</a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems', window );"><strong>Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Total</a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">More than five years</a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems', window );"><strong>Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>58
<FILENAME>R40.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6737570320">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Long-Term Debt, net (Table) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">$ 38,555<span></span>
</td>
<td class="nump">$ 37,163<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_CurrentPortionOfLongTermBorrowingsGross', window );">Loan Balance - Current portion</a></td>
<td class="num">(1,248)<span></span>
</td>
<td class="num">(35,663)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_LongTermBorrowingsGross', window );">Loan Balance - Long-Term portion</a></td>
<td class="nump">37,307<span></span>
</td>
<td class="nump">1,500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtInstrumentUnamortisedDiscount', window );">Unamortized Debt Discount</a></td>
<td class="num">(874)<span></span>
</td>
<td class="num">(295)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_CurrentPortionOfDebtInstrumentUnamortisedDiscount', window );">Unamortized Debt Discount - Current portion</a></td>
<td class="nump">274<span></span>
</td>
<td class="nump">295<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_LongTermDebtInstrumentUnamortisedDiscount', window );">Unamortized Debt Discount - Long-Term portion</a></td>
<td class="num">(600)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total Borrowings</a></td>
<td class="nump">37,681<span></span>
</td>
<td class="nump">36,868<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPortionOfLongtermBorrowings', window );">Total Borrowings - Current portion</a></td>
<td class="num">(974)<span></span>
</td>
<td class="num">(35,368)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Total Borrowings - Long-Term portion</a></td>
<td class="nump">36,707<span></span>
</td>
<td class="nump">$ 1,500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_ConvertibleNoteMember', window );">Convertible Note</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">5,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Total Borrowings - Long-Term portion</a></td>
<td class="nump">1,248<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember', window );">Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., Artful Shipholding S.A. &amp; Longevity Maritime Limited</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">37,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtInstrumentUnamortisedDiscount', window );">Unamortized Debt Discount</a></td>
<td class="num">(874)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total Borrowings</a></td>
<td class="nump">36,126<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_GlobusMaritimeLtdMember', window );">Globus Maritime Ltd. | Firment Shipping Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">307<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtInstrumentUnamortisedDiscount', window );">Unamortized Debt Discount</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total Borrowings</a></td>
<td class="nump">307<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_GlobusMaritimeLtdMember', window );">Globus Maritime Ltd. | Convertible Note</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_BorrowingsGross', window );">Loan Balance</a></td>
<td class="nump">1,248<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtInstrumentUnamortisedDiscount', window );">Unamortized Debt Discount</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total Borrowings</a></td>
<td class="nump">$ 1,248<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_BorrowingsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt, before deduction of unamortized (discount) premium and debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_BorrowingsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CurrentPortionOfDebtInstrumentUnamortisedDiscount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of debt discount, after accumulated amortization.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CurrentPortionOfDebtInstrumentUnamortisedDiscount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_CurrentPortionOfLongTermBorrowingsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of  long-term debt, before deduction of unamortized (discount) premium and debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_CurrentPortionOfLongTermBorrowingsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_DebtInstrumentUnamortisedDiscount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after accumulated amortization, of debt discount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DebtInstrumentUnamortisedDiscount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_LongTermBorrowingsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of long-term debt, before deduction of unamortized (discount) premium and debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_LongTermBorrowingsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_LongTermDebtInstrumentUnamortisedDiscount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of debt discount, after accumulated amortization.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_LongTermDebtInstrumentUnamortisedDiscount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPortionOfLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPortionOfLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=glbs_ConvertibleNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=glbs_ConvertibleNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_DevoceanMaritimeLtdDominaMaritimeLtdDulacMaritimeSAArtfulShipholdingSALongevityMaritimeLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_GlobusMaritimeLtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=glbs_GlobusMaritimeLtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=glbs_FirmentShippingIncLoanAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=glbs_FirmentShippingIncLoanAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>59
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6730510752">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt, Net - Convertible Note (Details) - USD ($)<br> $ / shares in Units, $ in Thousands</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Mar. 13, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="nump">$ 43,700<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term borrowings</a></td>
<td class="nump">36,707<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,500<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities', window );">Fair value of derivative financial instruments</a></td>
<td class="nump">484<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 831<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Gains Losses On Change In Fair Value Of Derivatives</a></td>
<td class="nump">$ 1,572<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=glbs_ConvertibleNoteMember', window );">Convertible Note</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Debt instruments issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 5,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtInstrumentInterestRateStatedPercentage', window );">Debt Instrument, Interest Rate, Stated Percentage</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms', window );">Line of Credit Facility, Frequency of Payment and Payment Terms</a></td>
<td class="text">annually<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtInstrumentConvertibleConversionPrice', window );">Conversion price | $ / shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.004<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="nump">$ 5,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term borrowings</a></td>
<td class="nump">1,248<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities', window );">Fair value of derivative financial instruments</a></td>
<td class="nump">3,752<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Gains Losses On Change In Fair Value Of Derivatives</a></td>
<td class="nump">$ 1,397<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_DebtInstrumentConvertibleConversionPrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The price per share of the conversion feature embedded in the debt instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DebtInstrumentConvertibleConversionPrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_DebtInstrumentInterestRateStatedPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contractual interest rate for funds borrowed, under the debt agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DebtInstrumentInterestRateStatedPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of the frequency of the required periodic payments of interest, principal, or both, and the amount, if set, or a description of a formula upon which payment is based.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments issued by the entity that represent indebtedness.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=glbs_ConvertibleNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=glbs_ConvertibleNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<title></title>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6735110688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document And Entity Information<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DocumentEntityInformationAbstract', window );"><strong>Document Entity Information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">GLOBUS MARITIME LTD<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001499780<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">6-K<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jun. 30,  2019<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2019<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">Q2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>xbrli:gMonthDayItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_DocumentEntityInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DocumentEntityInformationAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>61
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<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6630083968">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Events after the reporting date (Details) - Convertible Note<br> $ / shares in Units, $ in Thousands</strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th">
<div>Sep. 30, 2019 </div>
<div>USD ($) </div>
<div>$ / shares </div>
<div>shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments', window );">Issuance of share capital due conversion of loan | $</a></td>
<td class="nump">$ 428<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtInstrumentConvertibleConversionPrice', window );">Conversion price | $ / shares</a></td>
<td class="nump">$ 2.25<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued | shares</a></td>
<td class="nump">190,403<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_DebtInstrumentConvertibleConversionPrice">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The price per share of the conversion feature embedded in the debt instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DebtInstrumentConvertibleConversionPrice</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
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<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the conversion of convertible instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssued</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_ReserveOfEquityComponentOfConvertibleInstrumentsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>62
<FILENAME>R5.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6736069296">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Loss for the period</a></td>
<td class="num">$ (3,473)<span></span>
</td>
<td class="num">$ (2,473)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments for:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDepreciationExpense', window );">Depreciation</a></td>
<td class="nump">2,348<span></span>
</td>
<td class="nump">2,281<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts', window );">Depreciation of deferred dry docking costs</a></td>
<td class="nump">910<span></span>
</td>
<td class="nump">494<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_PaymentsOfDeferredDryDockingCosts', window );">Payment of deferred dry docking costs</a></td>
<td class="num">(481)<span></span>
</td>
<td class="num">(290)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForProvisions', window );">Provision for staff retirement indemnities</a></td>
<td class="num">(63)<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives', window );">Gain on derivative financial instruments</a></td>
<td class="num">(1,572)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForFinanceCosts', window );">Interest expense and finance costs</a></td>
<td class="nump">2,278<span></span>
</td>
<td class="nump">1,027<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForInterestIncome', window );">Interest income</a></td>
<td class="num">(9)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains', window );">Foreign exchange gains, net</a></td>
<td class="num">(2)<span></span>
</td>
<td class="num">(61)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForSharebasedPayments', window );">Share based payment</a></td>
<td class="nump">20<span></span>
</td>
<td class="nump">30<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable', window );">Trade receivables, net</a></td>
<td class="num">(302)<span></span>
</td>
<td class="nump">56<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories', window );">Inventories</a></td>
<td class="nump">228<span></span>
</td>
<td class="nump">263<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets', window );">Prepayments and other assets</a></td>
<td class="num">(827)<span></span>
</td>
<td class="num">(931)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable', window );">Trade accounts payable</a></td>
<td class="num">(991)<span></span>
</td>
<td class="nump">285<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables', window );">Accrued liabilities and other payables</a></td>
<td class="nump">54<span></span>
</td>
<td class="nump">396<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_AdjustmentsForIncreaseDecreaseInDeferredRevenue', window );">Deferred revenue</a></td>
<td class="nump">64<span></span>
</td>
<td class="nump">150<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Net cash (used in)/generated from operating activities</a></td>
<td class="num">(1,818)<span></span>
</td>
<td class="nump">1,229<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Cash flows from investing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Purchase of vessel equipment</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(26)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities', window );">Purchases of office furniture and equipment</a></td>
<td class="num">(13)<span></span>
</td>
<td class="num">(17)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestReceivedClassifiedAsInvestingActivities', window );">Interest received</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(43)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>Cash flows from financing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from loans</a></td>
<td class="nump">43,700<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities', window );">Repayment of long-term debt</a></td>
<td class="num">(1,830)<span></span>
</td>
<td class="num">(2,244)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_DebtInstrumentPrepaymentAmount', window );">Prepayment of long term debt</a></td>
<td class="num">(33,833)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssuingShares', window );">Proceeds from issuance of share capital</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents', window );">(Increase)/decrease in restricted cash</a></td>
<td class="num">(809)<span></span>
</td>
<td class="nump">210<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsForDebtIssueCosts', window );">Payment of financing costs</a></td>
<td class="num">(880)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities', window );">Repayment of lease liability</a></td>
<td class="num">(30)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestPaidClassifiedAsFinancingActivities', window );">Interest paid</a></td>
<td class="num">(1,833)<span></span>
</td>
<td class="num">(920)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Net cash generated from/(used in) financing activities</a></td>
<td class="nump">4,485<span></span>
</td>
<td class="num">(2,354)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges', window );">Net increase/(decrease) in cash and cash equivalents</a></td>
<td class="nump">2,663<span></span>
</td>
<td class="num">(1,168)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents at the beginning of the year</a></td>
<td class="nump">46<span></span>
</td>
<td class="nump">2,756<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents at the end of the period</a></td>
<td class="nump">$ 2,709<span></span>
</td>
<td class="nump">$ 1,588<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for depreciation expense of deferred dry-docking costs to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_AdjustmentsForDepreciationExpenseOfDeferredDryDockingCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in accrued liabilities and other payables to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_AdjustmentsForIncreaseDecreaseInAccruedLiabilitiesAndOtherPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_AdjustmentsForIncreaseDecreaseInDeferredRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in deferred revenue to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_AdjustmentsForIncreaseDecreaseInDeferredRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_DebtInstrumentPrepaymentAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of debt prepaid during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_DebtInstrumentPrepaymentAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_PaymentsOfDeferredDryDockingCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for deferred dry-docking costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_PaymentsOfDeferredDryDockingCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in inventories to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Inventories; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in other assets to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Other assets; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in trade accounts receivable to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for depreciation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForFinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for finance costs to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Finance costs; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForFinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for gains (losses) on changes in the fair value of derivatives to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: At fair value [member]; Derivatives [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in trade accounts payable to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForInterestIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for interest income expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Interest income; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForInterestIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for provisions to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Provisions; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForSharebasedPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for share-based payments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForSharebasedPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for unrealised foreign exchange losses (gains) to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow (outflow) due to a decrease (increase) in restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents before the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestPaidClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for interest paid, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestPaidClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestReceivedClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from interest received, classified as investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestReceivedClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsForDebtIssueCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for debt issue costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsForDebtIssueCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for payment of lease liabilities, classified as financing activities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_c&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssuingShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from issuing shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssuingShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2019-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2019-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2019-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2019-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2019-03-27<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2021-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2019-01-01<br> -Paragraph 113<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2019-03-27<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of long-term assets that the entity does not separately disclose in the same statement or note, classified as investing activities. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities</td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717347184">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Transactions With Related Parties<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract', window );"><strong>Disclosure of transactions between related parties [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory', window );">Transactions with Related Parties</a></td>
<td class="text"><div class="Section1"><h1 style="margin-top:0pt; margin-bottom:0pt; text-align:justify; page-break-after:avoid; font-size:9pt"><font style="font-family:'Times New Roman'">4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Transactions with Related Parties</font></h1><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Details of the Company&#8217;s transactions with related parties did not change in the six-month period ended June 30, 2019 and are discussed in Note 4 of the Company&#8217;s consolidated financial statements for the year ended December 31, 2018, included in the 2018 Annual Report except for the transactions described below.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The ultimate controlling party of the Company is Mr. George Feidakis who beneficially owns 1,252,258 common shares as of June 30, 2019 through Firment Shipping Inc., a Marshall Islands corporation for which he exercises sole voting and investment power. As at June 30, 2019, Mr Feidakis beneficially owned 29% of Globus&#8217; shares.</font></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2019-01-01<br> -Paragraph 18<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_18&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6713314624">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Measurements<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementExplanatory', window );">Fair values</a></td>
<td class="text"><div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">12&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Fair values</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; line-height:13pt"><font style="font-family:'Times New Roman'; font-size:9pt; font-weight:bold">Carrying amounts and fair values</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; line-height:13pt"><font style="font-family:'Times New Roman'; font-size:9pt; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">in the fair value hierarchy (as defined in note 2.28 of the </font><font style="font-family:'Times New Roman'">Annual Report</font><font style="font-family:'Times New Roman'">). It does not include fair value information for financial </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value, such </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">as cash and cash equivalents, restricted cash, trade receivables and trade payables.</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:474.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:12.1pt"><td style="width:186.65pt; 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border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Level 2</font></p></td><td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Level 3</font></p></td><td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">30, 2019</font></p></td><td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.1pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Financial liabilities measured at fair value</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Derivative financial instruments</font></p></td><td style="width:79.35pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,839</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,839</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,839</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,839</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:10.6pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.1pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Financial liabilities not measured at fair value</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Long-term borrowings</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">38,555</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">39,989</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">39,989</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; border-top:1pt solid #002060; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">38,555</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:474.85pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:12.1pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amount</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="4" style="width:160.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Fair value</font></p></td></tr><tr style="height:27.7pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-style:italic">(in thousands of USD)</font></p></td><td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Other financial liabilities</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Level 1</font></p></td><td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Level 2</font></p></td><td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Level 3</font></p></td><td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2018</font></p></td><td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.1pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Financial liabilities measured at fair value</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Derivative financial instruments</font></p></td><td style="width:79.35pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">831</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">831</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">831</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">831</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; border-top:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:10.6pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.1pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Financial liabilities not measured at fair value</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Long-term borrowings</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">37,163</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">37,030</font></p></td><td style="width:34.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">37,030</font></p></td></tr><tr style="height:12.8pt"><td style="width:186.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.35pt; border-top:1pt solid #002060; border-bottom:1pt solid #002060; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">37,163</font></p></td><td style="width:5.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.85pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.8pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:25.45pt; border-top-style:solid; border-top-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; line-height:13pt"><font style="font-family:'Times New Roman'; font-size:9pt; font-weight:bold">Measurement of fair values</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; line-height:13pt"><font style="font-family:'Times New Roman'; font-size:9pt; font-weight:bold">Valuation techniques and significant unobservable inputs</font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The following tables show the valuation techniques used in measuring Level 1, Level 2 and Level 3 fair values, as well as the </font></p><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-indent:-36pt; text-align:justify; font-size:9pt"><a name="FIS_UNIDENTIFIED_TABLE_33"></a><a name="FIS_UNIDENTIFIED_TABLE_34"></a><font style="font-family:'Times New Roman'">significant unobservable inputs used.</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:471pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:29.5pt"><td style="width:188.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold; text-decoration:underline">Financial instruments measured at fair value</font></p></td><td style="width:7.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:22.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:34.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:31.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:92.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:17.4pt"><td style="width:188.9pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><a name="RANGE_B372"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Type</font></a></p></td><td style="width:7.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="4" style="width:124.85pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Valuation Techniques</font></p></td><td style="width:3pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:92.55pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Significant unobservable inputs</font></p></td></tr><tr style="height:14.25pt"><td style="width:188.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:7.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:22.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:31.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:92.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:3.4pt"><td style="width:188.9pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Derivative financial instruments</font></p></td><td style="width:7.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="4" style="width:124.85pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:22.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:31.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:92.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:11.5pt"><td style="width:188.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold; text-decoration:underline">Financial instruments not measured at fair value</font></p></td><td style="width:7.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:22.65pt; padding-right:5.4pt; 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padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:22.35pt"><td style="width:188.9pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><a name="RANGE_B379"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Type</font></a></p></td><td style="width:7.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="4" style="width:124.85pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Valuation Techniques</font></p></td><td style="width:3pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:92.55pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Significant unobservable inputs</font></p></td></tr><tr style="height:11.5pt"><td style="width:188.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:7.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:22.65pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:34.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:31.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:92.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:12.2pt"><td style="width:188.9pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Long-term borrowings</font></p></td><td style="width:7.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="4" style="width:124.85pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Discounted cash flow</font></p></td><td style="width:3pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:92.55pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">Discount rate</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-indent:28.35pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; 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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2019-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2019-en-r&amp;doctype=Standard&amp;dita_xref=IFRS13_g91-99_TI<br> -URIDate 2019-03-27<br></p></div>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6717236128">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt, Net<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
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<tr><th class="th"><div>Jun. 30, 2019</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract', window );"><strong>Disclosure of detailed information about borrowings [abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBorrowingsExplanatory', window );">Long-Term Debt, net</a></td>
<td class="text"><div class="Section1"><h1 style="margin-top:0pt; margin-bottom:0pt; text-align:justify; page-break-after:avoid; font-size:9pt"><font style="font-family:'Times New Roman'">8&#160;&#160;&#160;&#160;&#160;&#160;&#160; Long-Term Debt, net&#160; </font></h1><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Long-term debt in the consolidated statement of financial position is analysed as follows:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:520.8pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:14.4pt; margin-bottom:0pt; text-indent:-14.4pt; text-align:justify; font-size:9pt"><a name="DM_MAP_c65a34fee36e4aaf9bd86bed43ef20ef"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></a></p></td><td style="width:273pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Borrower</font></p></td><td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Loan Balance</font></p></td><td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unamortized Debt Discount</font></p></td><td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total Borrowings</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(a)</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., </font><font style="font-family:'Times New Roman'">Artful Shipholding S.A. &amp; Longevity Maritime Limited</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">37,000</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">(874)</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">36,126</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(b) </font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Globus Maritime Ltd. &#8211; Firment Shipping Inc.</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">307</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">307</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(c) </font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Globus Maritime Ltd. &#8211; Convertible Note</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">1,248</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">1,248</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total at June 30, 2019</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">38,555</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(874)</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">37,681</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Less: Current Portion</font></p></td><td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(1,248)</font></p></td><td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">274</font></p></td><td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(974)</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Long-Term Portion</font></p></td><td style="width:49.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">37,307</font></p></td><td style="width:73.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(600)</font></p></td><td style="width:55.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">36,707</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:49.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:73.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:55.2pt; border-top-style:double; border-top-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total at December 31, 2018</font></p></td><td style="width:49.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">37,163</font></p></td><td style="width:73.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(295)</font></p></td><td style="width:55.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">36,868</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Less: Current Portion</font></p></td><td style="width:49.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(35,663)</font></p></td><td style="width:73.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">295</font></p></td><td style="width:55.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(35,368)</font></p></td></tr><tr><td style="width:16.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:273pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Long-Term Portion</font></p></td><td style="width:49.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,500</font></p></td><td style="width:73.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">-</font></p></td><td style="width:55.2pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,500</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Details of the Company&#8217;s credit facilities and debt securities are discussed in Note 12 of the Company&#8217;s consolidated financial statements for the year ended December 31, 2018, included in the 2018 Annual Report.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">As of June 30, 2019, the Company was in compliance with the loan covenants of the agreements with the lenders.</font></p><p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">In more detail:</font></p><p style="margin-top:0pt; margin-right:7.05pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-indent:-21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#160; (a)</font><font style="font-family:'Times New Roman'">&#160; In June 2019, </font><font style="font-family:'Times New Roman'">Globus through its wholly owned subsidiaries, </font><font style="font-family:'Times New Roman'">Devocean Maritime Ltd.(the &#8220;Borrower A&#8221;), Domina Maritime Ltd.(the &#8220;Borrower B&#8221;), Dulac Maritime S.A. (the &#8220;Borrower C&#8221;), </font><font style="font-family:'Times New Roman'">Artful Shipholding S.A.</font><font style="font-family:'Times New Roman'"> .(the &#8220;Borrower D&#8221;)</font><font style="font-family:'Times New Roman'"> and Longevity Maritime Limited </font><font style="font-family:'Times New Roman'">(the &#8220;Borrower E&#8221;)</font><font style="font-family:'Times New Roman'">, </font><font style="font-family:'Times New Roman'">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 with EnTrust Global&#8217;s Blue Ocean Fund for the purpose of refinancing the existing indebtedness secured on the ships and for general corporate purposes. The loan facility is in the names of Devocean Maritime Ltd., Domina Maritime Ltd, Dulac Maritime S.A., </font><font style="font-family:'Times New Roman'">Artful Shipholding S.A. and Longevity Maritime Limited</font><font style="font-family:'Times New Roman'"> as the borrowers and is guaranteed by Globus. The loan facility bears interest at LIBOR plus a margin of 8.50% (or 10.5% default interest) for interest periods of three months. This loan facility will be referred as EnTrust loan facility. </font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">On June 24, 2019, the Company drew down $37,000 and fully prepaid the existing loan facilities with Hamburg Commercial Bank AG (formerly known as HSH Nordbank AG) and </font><font style="font-family:'Times New Roman'">Macquarie Bank International Limited. The </font><font style="font-family:'Times New Roman'">&#8220;EnTrust&#8221; loan facility consists of five Tranches:</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Tranche (A) of $6,375 for the purpose of prepaying to Hamburg Commercial Bank AG the amount outstanding with respect to the m/v River Globe. The balance outstanding of tranche (A) at June 30, 2019, was $6,375 payable in 6 equal quarterly instalments of $266 starting, March 2021, as well as a balloon payment of $4,779 due together with the 6th and final instalment due in June 2022. This repayment schedule is subject to alterations depending on the amount of &#8220;Excess cash&#8221;, as described in the loan agreement, which could have already decreased the balloon amount.</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Tranche (B) of $7,375 for the purpose of prepaying to Hamburg Commercial Bank AG the amount outstanding with respect to the m/v Sky Globe. The balance outstanding of tranche (B) at June 30, 2019, was $7,375 payable in 6 equal quarterly instalments of $230 starting, March 2021, as well as a balloon payment of $5,995 due together with the 6th and final instalment due in June 2022. This repayment schedule is subject to alterations depending on the amount of &#8220;Excess cash&#8221;, as described in the loan agreement, which could have already decreased the balloon amount.</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Book Antiqua'">&#xa0;</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Tranche (C) of $7,750 for the purpose of prepaying to Hamburg Commercial Bank AG the amount outstanding with respect to the m/v Star Globe. The balance outstanding of tranche (C) at June 30, 2019, was $7,750 payable in 6 equal quarterly instalments of $215 starting, March 2021, as well as a balloon payment of $6,460 due together with the 6th and final instalment due in June 2022. This repayment schedule is subject to alterations depending on the amount of &#8220;Excess cash&#8221;, as described in the loan agreement, which could have already decreased the balloon amount.</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Tranche (D) of $6,500 for the purpose of prepaying to Macquarie Bank International Limited the amount outstanding with respect to the m/v Moon Globe. The balance outstanding of tranche (D) at June 30, 2019, was $6,500 payable in 6 equal quarterly instalments of $406 starting, March 2021, as well as a balloon payment of $4,064 due together with the 6th and final instalment due in June 2022. This repayment schedule is subject to alterations depending on the amount of &#8220;Excess cash&#8221;, as described in the loan agreement, which could have already decreased the balloon amount.</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Book Antiqua'">&#xa0;</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Tranche (E) of $9,000 for the purpose of prepaying to Macquarie Bank International Limited the amount outstanding with respect to the m/v Sun Globe. The balance outstanding of tranche (E) at June 30, 2019, was $9,000 payable in 6 equal quarterly instalments of $375 starting, March 2021, as well as a balloon payment of $6,750 due together with the 6th and final instalment due in June 2022. This repayment schedule is subject to alterations depending on the amount of &#8220;Excess cash&#8221;, as described in the loan agreement, which could have already decreased the balloon amount.</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The loan is secured by, among other things:</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-right:7.05pt; margin-left:12.44pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">First preferred mortgage over m/v River Globe, m/v Sky Globe, m/v Star Globe, m/v Moon Globe and m/v Sun Globe. </font></li><li style="margin-right:7.05pt; margin-left:12.44pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">Guarantees from Globus and the vessel owning companies.</font></li><li style="margin-right:7.05pt; margin-left:12.44pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">Assignment of all insurances and earnings of the mortgaged vessels. </font></li><li style="margin-right:7.05pt; margin-left:12.44pt; text-align:justify; padding-left:8.86pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">Assignment of charter in respect of each vessel and an assignment of any guarantee or security in respect of such charters.</font></li></ul><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin:0pt 7.05pt 0pt 21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The EnTrust loan facility contains various covenants requiring the vessels owning companies and/or Globus to, amongst others things, ensure that:</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:15.45pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">The Borrowers shall maintain a minimum liquidity at all times of not less than $250 for each mortgaged ship. </font></li></ul><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:15.45pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">The Parent Guarantor shall maintain, on a consolidated basis, at the end of each calendar quarter liquid funds in an amount, in aggregate, of not less than 5 per cent of the consolidated &#8220;Financial Indebtedness&#8221;, </font><font style="font-family:'Times New Roman'">as described in the loan agreement,</font><font style="font-family:'Times New Roman'"> of the Group as reflected in the most recent financial statements of the Parent Guarantor.</font></li></ul><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:15.45pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">Each Borrower shall maintain in its earnings account during a &#8220;Cash Sweep Period&#8221;, </font><font style="font-family:'Times New Roman'">which is the period commencing on the relevant Utilisation Date and ending on 30 September 2019 and each three-month period thereafter commencing on 1 January, 1 April, 1 July and 1 October in each financial year of that Borrower, with the last such three-month period commencing on 30 June 2020 and ending on 30 September 2020,</font><font style="font-family:'Times New Roman'"> the applicable &#8220;Buffer Amount&#8221;, which is in relation to a Borrower for a Cash Sweep Period, the product of:</font></li></ul><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">(a) an amount equal to the lower of: </font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">(i) $1,000; and </font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">(ii) the difference between the daily time charter equivalent rate of the Ship owned by that Borrower, as evidenced in the management accounts, and the &#8220;Break-Even Expenses&#8221;, </font><font style="font-family:'Times New Roman'">as described in the loan agreement,</font><font style="font-family:'Times New Roman'"> of that ship for that Cash Sweep Period; and </font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-indent:18pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">(b) the actual number of days lapsed during that Cash Sweep Period for that Borrower.</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-indent:18pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:15.45pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">Each of Borrower B, Borrower C and Borrower D shall create a reserve fund in the Reserve Account to meet the anticipated dry docking and special survey fees and expenses for the Ship owned by it, by maintaining in the Reserve Account a minimum credit balance (the &quot;Accruing Dry Docking and Special Survey Reserves&quot;) which 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), in an amount equal to, at each Quarter End Date, the product of: </font></li></ul><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">(i) $500; and</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">(ii) the number of days elapsed from the relevant Utilisation Date until such Quarter End Date, and that Borrower shall ensure that the credit balance of the Reserve Account shall be increased to meet the required amount of the Accruing Dry Docking and Special Survey Reserves by no later than each Quarter End Date.</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">Each of Borrower A and Borrower E shall deposit on the relevant Utilisation Date in the Reserve Account to meet the anticipated dry docking and special survey fees and expenses for Ship which is owned by it, a minimum credit balance in an amount equal to $450 which 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).</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:15.45pt; text-align:justify; padding-left:5.85pt; font-family:serif; font-size:9pt"><font style="font-family:'Times New Roman'">No Borrower shall incur or permit to be outstanding any Financial Indebtedness except &#8220;Permitted Financial Indebtedness&#8221;.</font></li></ul><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&quot;Permitted Financial Indebtedness&quot; means:</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">(a) any Financial Indebtedness incurred under the Finance Documents;</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">(b) any Financial Indebtedness that is subordinated to all Financial Indebtedness incurred under the Finance Documents pursuant to a Subordination Agreement or otherwise and which is, in the case of any such Financial Indebtedness of the Borrower, the subject of Subordinated Debt Security; and</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">(c) any &#8220;Permitted Trade Debt&#8221;.</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&quot;Permitted Trade Debt&quot; means any trade debt on arm&apos;s length commercial terms reasonably incurred in the ordinary course of owning, operating, trading, chartering, maintaining and repairing a Ship which remains unpaid for over 15 days of its due date and which does not exceeds $400 (or the equivalent in any other currency) per Ship at any relevant time</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">As of June 30, 2019, the Company was in compliance with the covenants of EnTrust</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">Loan Agreement.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; line-height:12pt"><font style="font-family:'Times New Roman'; font-size:9pt">&#xa0;</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-indent:-21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#160; (b)&#160; </font><font style="font-family:'Times New Roman'">Relating to the Firment Shipping Credit Facility during the Company converted to share capital, as per the conversion clause included in the Firment Shipping Credit Facility, on April 23, 2019 the outstanding principal amount of $3,100 plus the accrued interest of $70 with a conversion price of $2.80 per share and issued 1,132,191 new common shares on behalf of Firment Shipping Inc. This conversion resulted to a gain of approximately $117, which was </font><font style="font-family:'Times New Roman'">classified under &#8220;gain on derivative financial instruments&#8221; in the consolidated statement of comprehensive loss.</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-indent:-28.35pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">As of June 30, 2019, the amount drawn and outstanding with respect to Firment Shipping Credit Facility was $800. The non-derivative host was classified under &#8220;long-term borrowings&#8221; in the consolidated statement of financial position and was $307 and the derivative component that was initially recognized amounted to $493 and was classified under &#8220;fair value of derivative financial instruments&#8221; in the consolidated statement of financial position. </font><font style="font-family:'Times New Roman'">For the period ended June 30, 2019, the Company recognized a gain on this derivative financial instrument amounting to $9, which was classified under &#8220;gain on derivative financial instruments&#8221; in the consolidated statement of comprehensive loss.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-indent:21.3pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">As of June 30, 2019, there was an amount of $11,100 available to be drawn under the Firment Shipping Credit Facility.</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Firment Shipping Credit Facility requires that Athanasios Feidakis remain Chief Executive Officer and that Firment Shipping maintains at least a 40% shareholding in Globus, other than due to actions taken by Firment Shipping, such as sales of shares.</font></p><p style="margin:0pt 7.05pt 0pt 28.35pt; text-indent:-25.55pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:21.3pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">As of June 30, 2019, the Company was in compliance with the loan covenants of the Firment Shipping Credit Facility.</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-indent:-28.35pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:21.25pt; margin-bottom:0pt; text-indent:-21.25pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#160;&#160; (c) </font><font style="font-family:'Times New Roman'"> On March 13, 2019, the Company signed a securities purchase agreement with a private investor and on the same date issued, for gross proceeds of $5 million, a senior convertible note (the &#8220;Convertible Note&#8221;) that is convertible into shares of the Company&#8217;s common stock, par value $0.004 per share. If not converted or redeemed beforehand pursuant to the terms of the Convertible Note, the Convertible Note matures upon the anniversary of its issue. The Convertible Note was issued in a transaction exempt from registration under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).</font></p><p style="margin-top:0pt; margin-left:21.25pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The Convertible Note provides for interest to accrue at 10% annually, which interest shall be paid on the first anniversary of the Convertible Note&#8217;s issuance unless the Convertible Note is converted or redeemed pursuant to its terms beforehand. The interest may be paid in common shares of the Company, if certain conditions described within the Convertible Note are met. With respect to the Convertible Note, the Company also signed a registration rights agreement with the private investor pursuant to which it agreed to register for resale the shares that could be issued pursuant to the Convertible Note.&#160; The registration rights agreement contains liquidated damages if the Company is unable to register for resale the shares into which the Convertible Note may be converted, and maintain such registration.</font></p><p style="margin-top:0pt; margin-left:21.25pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">As per the conversion clause included in the Convertible Note, the Company has recognized this agreement as a hybrid agreement which includes an embedded derivative. This embedded derivative was separated to the derivative component and the non-derivative host. The derivative component is 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 are recognized in the consolidated statement of comprehensive loss. As of June 30, 2019, the amount drawn and outstanding with respect to the Convertible Note was $5,000. The non-derivative host was classified under &#8220;long-term borrowings&#8221; in the consolidated statement of financial position and was $1,248 and the derivative component that was initially recognized amounted to $3,752 and was classified under &#8220;fair value of derivative financial instruments&#8221; in the consolidated statement of financial position. For the period ended June 30, 2019, the Company recognized a gain on this derivative financial instrument amounting to $1,397, which was classified under &#8220;gain on derivative financial instruments&#8221; in the consolidated statement of comprehensive loss.</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-indent:-28.35pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-left:28.35pt; margin-bottom:0pt; text-indent:-28.35pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">The contractual annual loan principal payments per loan facility to be made subsequent to June 30, 2019, were as follows (maturities have been determined as if no prepayments will occur):</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:335pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:15pt"><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:11pt"><a name="DM_MAP_f17540ca35ec4d958bbfe128de248ee1"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p></td><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(a)</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">(b)</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold"> (c)</font></p></td><td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td></tr><tr style="height:24.75pt"><td style="width:51.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">June 30,</font></p></td><td style="width:51.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">EnTrust</font></p></td><td style="width:56.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Firment</font></p></td><td style="width:56.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Convertible Note</font></p></td><td style="width:66.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td></tr><tr style="height:12.75pt"><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">5,000</font></p></td><td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">5,000</font></p></td></tr><tr style="height:12.75pt"><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">2021</font></p></td><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">2,985</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">800</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">3,785</font></p></td></tr><tr style="height:24.75pt"><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:9pt"><font style="font-family:'Times New Roman'">2022 and thereafter&#160; </font></p></td><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">34,015</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:56.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:66.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'">34,015</font></p></td></tr><tr style="height:13.5pt"><td style="width:51.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:51.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">37,000</font></p></td><td style="width:56.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">800</font></p></td><td style="width:56.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">5,000</font></p></td><td style="width:66.2pt; border-top-style:solid; border-top-width:1pt; border-bottom-style:double; border-bottom-width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">42,800</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfBorrowingsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<DOCUMENT>
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<html>
<head>
<title></title>
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<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6730236112">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Share Premium (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SharePremium', window );">Share premium</a></td>
<td class="nump">$ 143,486<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 140,334<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssuingShares', window );">Proceeds from issuance of share capital</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_February2017PrivatePlacementMember', window );">February 2017 Private Placement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_NumberOfWarrantsExercised', window );">Number of warrants exercised</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">37,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ProceedsFromWarrantExercises', window );">Proceeds from warrant exercises</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_NumberOfWarrantsOutstanding', window );">Number of outstanding warrants</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,052,320<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_NumberOfSharesCalledByWarrants', window );">Number of shares called by warrants</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,052,320<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_October2017PrivatePlacementMember', window );">October 2017 Private Placement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants', window );">Maximum proportion of owneship interest by a warrant holder after warrants exercises</a></td>
<td class="nump">4.99%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_NumberOfWarrantsOutstanding', window );">Number of outstanding warrants</a></td>
<td class="nump">1,250,000<span></span>
</td>
<td class="nump">1,250,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_NumberOfSharesCalledByWarrants', window );">Number of shares called by warrants</a></td>
<td class="nump">1,250,000<span></span>
</td>
<td class="nump">1,250,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_October2017PrivatePlacementMember', window );">October 2017 Private Placement | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants', window );">Maximum proportion of owneship interest by a warrant holder after warrants exercises</a></td>
<td class="nump">9.99%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum proportion of ownership interest held by a warrant holder after the exercise of the warrants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_MaximumProportionOfOwnershipInterestsHeldByInvestorsAfterExerciseOfWarrants</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_NumberOfSharesCalledByWarrants">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares into which the warrants may be converted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_NumberOfSharesCalledByWarrants</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_NumberOfWarrantsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of warrants exercised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_NumberOfWarrantsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_NumberOfWarrantsOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of outstanding warrants that permit the holder the right to purchase equity securities from the issuer at a specified price.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_NumberOfWarrantsOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_ProceedsFromWarrantExercises">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the amount received from holders exercising their stock warrants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_ProceedsFromWarrantExercises</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssuingShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from issuing shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 17<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_17_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssuingShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SharePremium">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount received or receivable from the issuance of the entity's shares in excess of nominal value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SharePremium</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_February2017PrivatePlacementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=glbs_February2017PrivatePlacementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=glbs_October2017PrivatePlacementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=glbs_October2017PrivatePlacementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>68
<FILENAME>R30.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6735734448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis of Presentation and General Information (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInWorkingCapital', window );">Working capital deficit</a></td>
<td class="nump">$ 4,089<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawn borrowing facilities</a></td>
<td class="nump">$ 11,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_ReserveOfEquityComponentOfConvertibleInstrumentsMember', window );">Convertible Note</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments', window );">Issuance of share capital due conversion of loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 428<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInWorkingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in working capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInWorkingCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the conversion of convertible instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2019-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UndrawnBorrowingFacilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments. [Refer: Capital commitments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2019-01-01<br> -Paragraph 50<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2019-en-r&amp;anchor=para_50_a&amp;doctype=Standard<br> -URIDate 2019-03-27<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UndrawnBorrowingFacilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_ReserveOfEquityComponentOfConvertibleInstrumentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_ReserveOfEquityComponentOfConvertibleInstrumentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>69
<FILENAME>R34.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.19.2</span><table class="report" border="0" cellspacing="2" id="idp6729701184">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Transactions with Related Parties (Details)<br></strong></div></th>
<th class="th" colspan="1">6 Months Ended</th>
</tr>
<tr><th class="th">
<div>Jun. 30, 2019 </div>
<div>shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_NumberOfSharesHeldByControllingParty', window );">Number of common shares held by the controlling party</a></td>
<td class="nump">1,252,258<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_glbs_ProportionOfOwnershipInterestsHeldByControllingParty', window );">Proportion of ownership interests held by the controlling party</a></td>
<td class="nump">29.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_NumberOfSharesHeldByControllingParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of common shares held by the controlling party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_NumberOfSharesHeldByControllingParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_glbs_ProportionOfOwnershipInterestsHeldByControllingParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interests held by the controlling party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">glbs_ProportionOfOwnershipInterestsHeldByControllingParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>glbs_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
