Star Bulk got the best start to an "uncertain" year for dry bulk

Star Bulk had the best start to 2022 in comparison to four other dry bulk carriers. Combined, Norden, Eagle Bulk, Golden Ocean, Star Bulk and Belships bagged a profit of USD 525.4m in the first quarter, but the bulk market is now looking more uncertain.

After a strong first quarter for dry bulk carriers, the market appears to be declining, according to industry insiders. | Photo: Fabian Bimmer/Reuters/Ritzau Scanpix

Major dry bulk shipping company Star Bulk, led by CEO Petros Pappas, has been off to a strong start in 2022 and, in fact, significantly better than that of other major bulk carriers.

Measured in profit margin, Star Bulk outdoes Norden, Golden Ocean, Eagle Bulk and Belships, according to a results comparison by ShippingWatch on the first quarter.

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