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Asia Pacific Dry Bulk Finance

Eagle Bulk’s higher operating costs lead to deficit

Eagle Bulk reports a $3.5m loss in the first quarter of the year from a $29,000 profit in the same period in 2019 because of the lower freight-rate environment. The company said it was focusing on the health and welfare of its crew and employees amid the pandemic

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Despite the loss, the company says it has outperformed the market, with a time charter equivalent of nearly $10,000 amid a 40% drop in the BSI

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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