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Eagle Bulk defies dry bulk crisis

Eagle Bulk books a slight profit even though several competitors have reported an unusually tough start to the year. However, revenue as well as profit are down compared to last year.

Gary Vogel er CEO i Eagle Bulk. | Photo: Eagle Bulk Shipping

Several stakeholders have talked of a collapse in the dry bulk market in the first three months of the year, but US-based dry bulk ship operator reports a positive bottom line even though revenue dropped slightly.

As such, the dry bulk shipping company stays its course after it in 2018 turned a deficit into a profit after a downturn in 2017.

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