Petros Pappas believes the worst will be over in second half of the year

Petros Pappas, who heads Greece's dry bulk company Star Bulk Carriers, believes the dry bulk market will begin to bounce back from the effects of the coronavirus in the second half of 2020.

Petros Pappas is CEO and Chairman of Star Bulk Carriers. The picture is from Marine Money's Greek Ship Finance Forum last year. | Photo: Marine Money

Greek dry bulk major Star Bulk Carriers' CEO projects the market will improve in the second half of the year.

2020 got off to a tough start for dry bulk shipping companies, which felt the impact of the coronavirus crisis like most other segments. The second quarter especially saw rates plunging rapidly.

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