ShippingWatch

Star Bulk reports profitable 2018 – but vessel sale had negative impact

A deficit was turned into a profit in 2018 for dry bulk carrier Star Bulk. However, an impairment in connection with a ship sale dragged down the New York-listed carrier in the fourth quarter.

Photo: Star Bulk Carriers

Dry bulk carrier Star Bulk managed a profit on the bottom line in 2018, even though a loss-making ship sale dragged down the company in the fourth quarter.

Monday afternoon, the New York-listed company under Greek management published its 2018 full-year and fourth quarter report.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

OECD downgrades growth forecast for global economy

The global economy is still growing, though it's losing momentum, according to the latest growth estimate of the OECD's Economic Outlook. Bottlenecks in the shipping sector and elsewhere as well as pressure on supply chains have contributed to rising inflation.

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs