ShippingWatch

Eagle Bulk lost money in the first quarter

The economic turbulence triggered by the coronavirus has sent US-based dry bulk operator Eagle Bulk into the red. But the shipping company's CEO remains optimistic.

Photo: PR / Eagle Bulk

US-based dry bulk operator Eagle Bulk Shipping exits the first quarter with a deficit.

The bottom line shows a deficit of USD 3.5 million, down from a profit of USD 29 million in the same period 2019.

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