07/07/2022at 09:59

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

by ASTRID STURLASON

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.

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

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Related articles:

Significant decline in dry bulk since end of May

Coal comeback prompts new trend within dry bulk: "It’s unfortunate for the climate, but it’s necessary right now"

Belships adds two new ships to its fleet

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Front page now

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Fredriksen now owns nearly as many Euronav shares as the Saverys family

Blue Water founder promises future "focus on profitable growth"

EU considers capping Russian fuel prices at USD 100 a barrel

Borr Drilling raises USD 400m to pay off debt

Further reading

Johan Sigsgaard: Maersk has no ambitions of entering new major alliance

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

End of 2M alliance could trigger a domino effect

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