ShippingWatch

Star Bulk more than doubles revenue in third quarter

Dry bulk major Star Bulk Carriers exits the third quarter with significant revenue growth, spurred by significantly higher rates. CEO notes that the near-term market outlook looks promising.

Photo: PR-FOTO

The booming dry bulk market sustains its momentum in the third quarter, and the outlook remains "constructive" in the long term, says Star Bulk CEO Petros Pappas following growth in the third quarter.

The New York-listed dry bulk major exited the quarter with USD 415.6 million in revenue, which is more than a doubling from the USD 200.2 million generated in the same period last year, which was however marked by Covid-19 restrictions and lower activities.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs