Five dry bulk operators have lost USD 600 million in six months

Half-year reports from the first five pace-setting dry bulk shipping companies show a combined deficit of USD 600 million, thus reflecting a depressed market in the spring. Now a significant turnaround is needed to ensure the sector even a decent 2020.
Photo: PR / Eagle Bulk
Photo: PR / Eagle Bulk

Looking at the half-year results published by the first five pace-setting dry bulk shipping companies, it becomes clear that it was exceedingly difficult to offset the consequences of the coronavirus outbreak and the lockdowns of ports and terminals it triggered.

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