ShippingWatch

Star Bulk braces for a prolonged bulk downturn

Carrier Star Bulk came out of the second quarter with a smaller deficit on the bottom line, and the company has secured postponement of more than USD 200 in debt until 2018. The carrier is bracing itself for a prolonged downturn in bulk.

Photo: Star Bulk

New York-listed carrier Star Bulk continues to struggle with large deficits in the historically low bulk market.

In the first half of 2016, the carrier achieved a smaller revenue than in the first half of last year, logging USD 98.9 million against USD 105.1 million. However Star Bulk succeeded in reducing its losses slightly, down to USD 81.6 million against USD 105.1 million in the first half of 2015, according to Star Bulk's second quarter interim report

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs