Losses at eight bulk carriers could reach astronomic heights
The combined losses in the circle of eight NYSE-listed dry bulk carriers could reach USD one billion in 2016, according to Alphabulk. Norwegian Golden Ocean started the year with the biggest deficit of them all.
BY OLE ANDERSEN
The financial losses among the eight largest listed dry bulk carriers on the New York Stock Exchange could reach one billion dollars for the full year 2016 based on their results in the first quarter, and under the assumption that the depression in the dry bulk market will last throughout the year, as many expect it to.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Scorpio Bulkers needs to raise extra capital yet again
For subscribers
DryShips has suspended all payments
For subscribers
Eagle Bulk's deficit grew in Q1 2016
For subscribers
