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.

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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.

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