Eagle Bulk's deficit grew in Q1 2016

US-based carrier Eagle Bulk delivered a loss of USD 39.3 million in the first three months of the year, as the dry bulk market hit an all-time low. The carrier has divested vessels and worked on improving its financial position, says CEO Gary Vogel.

BY KATRINE GRØNVALD RAUN

The first months of 2016 were not kind to the bottom line at the US-based dry bulk carrier Eagle Bulk Shipping, of which former Clipper CEO Gary Vogel has held the reins since last September.

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