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Union Bulk reaps the rewards of expensive commodities and high container rates

Union Bulk has already achieved profits which its partners expected they would need the entire year to generate. "It's going really well," says partner Jens Boesen to ShippingWatch. The only question is: Exactly how strong will the market turn out to be?

Union Bulk partners (from left) Jens Boesen, Anders Svarrer and Thomas Nielsen. | Photo: PR / Union Bulk

A varied assortment of rising commodity prices and chaotic conditions in the container market are providing an extraordinary windfall in the bulk industry and not least in the undergrowth of small and medium-sized dry bulk operators.

Under the cover of the spectacular full-year guidance upgrades in the container industry, smaller dry bulk operators are fetching solid profits in the wake of the Covid-19 pandemic.

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