Safe Bulkers' daily rates have risen from USD 8,000 to USD 21,000 in a year

US-listed Safe Bulkers' bi-annual report confirms that the dry bulk market has launched into a profitable year following a decade-long downturn.

Photo: PR / Clipper Group

Safe Bulkers books a profit of USD 53.8 million in the first six months of 2021 against a deficit of USD 23.8 million in the same period last year, according to the New York-listed dry bulk carrier's financial report.

The report thus seems to confirm the trend first set out by dry bulk carrier Pacific Basin, which presented equally strong results yesterday.

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