First dry bulk result this season shows big deficit
Indian-owned dry bulk carrier Mercator is the first dry bulk carrier to publish results in the just-begun third quarter reporting season. The result is a considerable deficit.
BY OLE ANDERSEN
Dry bulk carrier Mercator has launched the bulk sector's reporting season with a 3rd quarter interim report showing a 40 percent slide in revenue and an 89 percent bigger deficit than in the third quarter 2014.