ShippingWatch

Union Bulk reports major profit in second year

An unusually strong dry bulk market sends profits soaring for Danish operator Union Bulk. 2021 looks set to be "very reasonable", although China prompts uncertainty, partner and founder tells ShippingWatch.

Union Bulk's team. From the left: partners Thomas Nielsen, Jens Boesen and Anders Svarrer. | Photo: Union Bulk

Dry bulk operator Union Bulk books a major profit in only its second whole fiscal year, with especially the second half and its historically strong bulk market playing a part.

The Danish carrier, which operates a fleet of around 20 vessels, reports a net profit of USD 12.51 million for the most recent fiscal year, which concluded at the end of June this year.

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

Bawat targets Stockholm listing to raise fresh capital

With an IPO in Stockholm, ballast water system supplier Bawat aims to secure capital for the company’s continued development. The listing comes just six months after the company’s latest cash injection. ShippingWatch has spoken to CEO Marcus Hummer.

Further reading

Related articles

Latest news

See all jobs