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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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.