"Global shock" sends Eagle Bulk deeper into the red in second quarter

The coronavirus crisis dragged Eagle Bulk deeper into the red in the second quarter. The shipping company has made a deal to sell an older ship.

Eagle Bulks topchef Gary Vogel | Photo: PR / Eagle Bulk

2020 continues with red numbers for US-based dry bulk ship operator Eagle Bulk, which also finished the second quarter with a deficit.

In the past three months, the shipping company, with headquarters in Stamford, Connecticut, has booked a net loss of USD 20.5 million, which was bigger than the loss of close to USD 6 million booked at the same time last year.

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