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Star Bulk Carriers benefits from higher rates in Q2

Dry bulk carrier Star Bulk Carriers reports higher rates in the second quarter, which made its earnings and result soar. At the same time, the company has earned back a significant scrubber investment during the period.

Photo: Star Bulk Carriers

Star Bulk Carriers’ fleet sailed at high rates in Q2, increasing both top and bottom line.

The New York-based dry bulk operator delivers net profit of USD 200.1m in the second quarter, an increase of USD 124.2m compared to the same quarter in 2021, according to the financial report.

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