ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs