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S&P

Dry Bulk S&P Report: August 29, 2022

Dry Bulk S&P Report: August 29, 2022

The Russia-Ukraine war continues to create huge volatility in the charter markets. Capesize spot rates sank about 40% this week with many pointing the finger at disturbing economic data coming out of China that Chinese retail sales, industrial output and investment all slowed last month and failed to match economists’ expectations. This could lead to…

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Dry Bulk S&P Report

Dry Bulk Shipping publicly traded companies are reporting record second quarter 2022 earnings.Genco Shipping reported $47.6 million in second quarter 2022 profits compared to $32 million in 2021.Eagle Bulk's net income was $94.5 millionStar Bulk's net income to June 30th was $200 million, compared to $124 mill. in the first 6 months of 2021, with…

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