Goodbulk reports a new profit despite weak dry bulk market

Dry bulk ship operator Goodbulk defied weak conditions in the first quarter, which became the company's eighth consecutive profitable quarter. But the result was a setback compared to last year, and even though the company is currently noting market improvements, there is still significant uncertainty.

Photo: Modelfoto/Colourbox

An income of USD 47.6 million in the first quarter resulted in a profit of USD 2.6 million for Goodbulk, according to the earnings report for the quarter.

The dry bulk operator thus defied the weak conditions that have characterized the market since the collapse of a dam in a Vale mine in January with its eighth consecutive profitable quarter.

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