Union Bulk hit boom: "It's gone much better than we hoped"

Newly launched dry bulk operator Union Bulk opened its doors shortly before the rates soared over the summer. The company expects a profit in its first year, though it has slowed down a bit ahead of an uncertain 2020, partner tells ShippingWatch.

Photo: PR / Union Bulk

The timing could not have been much whether when new dry bulk operator Union Bulk launched its business in early 2019.

The company was founded by former employees of TKB Shipping in March. A few months later, the dry bulk rates soared to the highest level in five years – and this gave Union Bulk a very strong start.

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