Pan Ocean reported a 2Q21 earnings surprise thanks to high freight rates and operating fleet expansion. Earnings improvement should continue in 3Q21 on a contraction in bulk carrier supply and favorable seasonality. However, an iron ore price rebound will likely be necessary for mid/long-term valuation growth. Freight rates remain strong due to supply disruptions; iron …
The post Pan Ocean: Logs Outstanding Earnings first appeared on Hellenic Shipping News Worldwide.