05/08/2022at 12:53

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.

by DANIEL LOGAN

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

Already a subscriber?Log in here

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.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Dry bulk rates advance slowly – but not all segments follow suit
For subscribers
Dry bulk declines but H1 is among the best since 2008
For subscribers
Shipping once again a segment of interest to US investors
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Carriers

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

After a difficult time during the pandemic, 2022 has exceeded all expectations for car carriers, says chief exec of Höegh Autoliners. Low capacity and electric cars out of China are main factors in elevating prices.

For subscribers

Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

For subscribers

Foto: Ints Kalnins/Reuters/Ritzau Scanpix/REUTERS / X02120

Tanker

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

For subscribers

”Blue Water wants to grow – but it will be with a focus on profitable growth, and we will hold on to our strong values, unique customer focus and high level of satisfaction among both customers and personnel,” states Kurt Skov, founder and departing chair at Blue Water Shipping. | Foto: Carsten Andreasen/Ritzau Scanpix

Logistics

Blue Water founder promises future "focus on profitable growth"

For subscribers

Foto: Tatiana Meel/Reuters/Ritzau Scanpix

Regulation

EU considers capping Russian fuel prices at USD 100 a barrel

For subscribers

Offshore

Borr Drilling raises USD 400m to pay off debt

For subscribers

China pivotal if dry bulk is to recover from tough start to the year

Cleaves Securities lowers expectations for dry bulk freight rates after benchmark index falls below 1,000 points. China holds pivotal position, according to investment bank.

For subscribers

Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Hamburg Süd will lose its company name and gradually be integrated into the Maersk brand. A number of other subsidiaries face rebranding as well.

For subscribers

Chief execs of Maersk and MSC, Vincent Clerc and Søren Toft, acknowledges that much have changed for the carriers since launching the 2M alliance. For that reason, the partnership is now ended. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix

Container

End of 2M alliance could trigger a domino effect

A new reality on freight markets and a need for fewer ties could be main reasons behind MSC and Maersk terminating their partnership. More alliance dissolutions could be coming, according to shipping analyst.

For subscribers

Latest news

See all

Jobs

See all jobs

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
ShippingWatch

Star Bulk Carriers benefits from higher rates in Q2

Read the whole article

With your free trial you get:

Get full access for you and your coworkers

Related articles:

Dry bulk rates advance slowly – but not all segments follow suit

Dry bulk declines but H1 is among the best since 2008

Shipping once again a segment of interest to US investors

Sign up for our newsletter

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

China pivotal if dry bulk is to recover from tough start to the year

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

End of 2M alliance could trigger a domino effect

Latest news

Jobs

Jobs