Star Bulk revenues reached $ 1 billion in the first nine months of 2021 as a result of the significant increase in fares in the bulk cargo freight market and the growth of the company’s fleet. Star Bulk Carriers announced for the period January-September 2021 revenue of $ 927.5 million compared to $ 507.2 million a year ago and profit of $ 380.3 million against losses of $ 18.1 million in the corresponding period of 2020.
In the third quarter of 2021, the company’s revenue amounted to $ 415.6 million compared to $ 200.2 million a year ago, more than doubled, while profits reached $ 220.4 million compared to $ 23.2 million in third quarter of 2020.
The results of the third quarter of 2021 concern a fleet of 128 ships compared to 116 ships in the third quarter of 2020.
Star Bulk recorded a record in the third quarter of 2021 in net profits, revenues and average daily fare, said the CEO of the company Mr. Petros Pappas and added that as a result of the existing dividend policy, the Company will pay a dividend of 1.25 USD / share for the third quarter.
Star Bulk Carriers has also published its third annual Environmental, Social and Governance Report (ESG).
Mr. Pappas estimates that despite the temporary instability of the bulk cargo freight market, the continuation will be positive for the industry as the strong global growth and increase of infrastructure expenditures is expected, which leads to a healthy increase in the demand for goods. The increased demand in combination with a historically low order book, create favorable long-term dynamics for our industry, adds Mr. Pappas.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Unseasonably Low Temps, Storms, Snow Forecasted for Greece
A sharp decline in temperatures will begin Sunday afternoon in Macedonia and Thrace, progressively affecting central and southern Greece through Monday and Tuesday
Higher Prices for Easter Table Staples ‘Sting’ Greek Households
As inflation and production costs continue to weigh on the market, Greek families may find this year's Easter table more expensive than in previous year
Eluned Morgan: The Parthenon Marbles should be returned to Greece
The Welsh First Minister takes a clear stance in support of the reunification of the Parthenon Marbles in an exclusive interview with TA NEA Weekend
Traffic Disruptions in Athens This Weekend for Major Cycling Event
Athens police advise all residents and visitors to plan ahead and allow extra travel time
Trump’s 10% Tariffs Take Effect, Ushering in New Era in Trade
Trump’s tariffs represent a direct break from the post-WWII global trade framework that prioritized negotiated, reciprocal tariff reductions.
Oil Price Drops 8%
The sell-off was fueled by escalating fears of a global trade war after China responded aggressively to new U.S. tariffs, signaling a deepening economic rift.
Greece Opens Summer 2025 Season with 28.2 Million Airline Seats, Up 4.6%
The United Kingdom remains Greece’s largest source market, accounting for 5.6 million airline seats—an increase of 2.2% from last year—and representing 20% of the total.
Greece’s Top Unions Announce April 9 Nationwide Strike
As of now, there is no official announcement on whether workers in public transport systems will join the strike, leaving questions about the availability of buses, metro, and trams on the day.
PM Mitsotakis to Chair New Democracy’s Committee Meeting
Today’s meeting is seen as a crucial opportunity to halt internal disputes within ND and reaffirm unity within the party.
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
