Five bulk carriers made close to USD 1.4bn in 2022's first half – one company stands out

Even though the dry bulk market has seen a recent slowdown, five carriers have been scoring big compared to the same period last year, shows a ShippingWatch analysis. The second half of 2022 looks uncertain, according to analyst.

Star Bulk and CEO Petros Pappas have presented the largest profit margin among competitors within dry bulk. | Photo: Marine Money

A number of major dry bulk companies have continued their high earnings streak from 2021 into the first half of this year – despite a certain slowdown in demand and freight rates compared to last year, which saw the best market for dry cargo in a decade.

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