ShippingWatch

Star Bulk reports deficit after major impairment

Dry bulk major Star Bulk Carriers reports a large deficit for the second quarter. An impairment on the fleet in particular contributed to the negative result.

Photo: PR-FOTO

Greek dry bulk ship operator Star Bulk Carriers booked a fleet impairment of USD 30 million in the second quarter, and this contributed significantly to the shipping company finishing the quarter with a deficit of USD 40.2 million.

The large deficit comes after a quarter which, according to Star Bulk Carriers CEO Petros Pappas, experienced "significant dry bulk market weakness."

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

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs