Dry bulk carriers' aggregate loss exceeds USD 1 billion

The nine major New York-listed dry bulk carriers have in the first three quarters of the year lost a billion dollars in total. Not one of the carriers has made a profit in even a single quarter, according to a survey from Alphabulk.

Photo: Scorpio Bulkers

US-based dry bulk carriers listed in New York did not do very well in the first in the first nine months of the year – in fact, the carriers' performance was weaker than expected, notes analyst firm Alphabulk in a new analysis.

Earlier this year, Alphabulk projected that the nine dry bulk carriers would for book a combined loss of one billion dollars for the full year 2016, but the carriers, including players such as Golden Ocean and Scorpio Bulkers, have now lost USD 1 billion already after the first three quarters of the year.

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