Eagle Bulk is transforming but still in the red
![Photo: Eagle Bulk Shipping](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article8645944.ece/ALTERNATES/schema-16_9/EagleBulk.jpg)
Even though US-based dry bulk shipping company Eagle Bulk can, in CEO Gary Vogel's own words, for the first time in seven years present a positive operating result, this was not enough to finish 2017 with a bottom line profit.
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