2020 Bulkers reports fewer earnings than last year

Norwegian dry bulk carrier 2020 Bulkers has had a constant bottom line since 2019 but this year books lower profit for the second quarter than the corresponding period last year.

Photo: PR / 2020 Bulkers

Dry bulk shipping company 2020 Bulkers reports net profit of USD 12m in the second quarter of 2022. This is a markedly lower result than in 2021, when first-quarter profit came to USD 17.1m.

Revenue for the period is correspondingly reduced, at USD 23.3m compared to USD 28.4m the year prior, according to the carrier’s financial statement.

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