Dry bulk operators earned millions of dollars during the pandemic

Huge profits have suddenly turned things around for a number of dry cargo operators which hadn’t seen good results in years. The future looks more uncertain, but not necessarily bad.
Photo: Modelfoto/Colourbox
Photo: Modelfoto/Colourbox
by JENS THOMSEN, RESEARCH: JENS BOJSEN RUSKOV

Six Danish dry bulk operators with a total of 82 employees scored a combined profit of USD 227m during the pandemic where freight prices reached the highest levels since the financial crisis.

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