Star Bulk's Q1 results indicate continued recovery in dry bulk

With an operating profit and net profit of USD 46.4 million and almost USD 10 million, respectively, in the first quarter, Greek-based Star Bulk seems to underline the emerging recovery in dry bulk.

by OLE ANDERSEN

Expanding dry bulk shipping company Star Bulk Carriers, which after acquiring Norwegian Songa Bulk's 15 ships has now been listed in New York as well as Oslo, has published its results for the first quarter.

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Star Bulk has been on a shopping spree – and does not rule out more transactions
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Star Bulk has acquired 34 ships since April
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