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Eagle Bulk gets another week to solve liquidity crisis
Supramax specialist Eagle Bulk has been granted an extra week of its forbearance period. The NASDAQ-listed firm now has until March 1 to provide a solution to the money it owes in loans. This is the third time Eagle Bulk has sought to extend its forbearance and standstill agreement.
With supramaxes leading the gentle rebound on the Baltic Dry Index, Eagle Bulk has seen its stock rated a buy by a number of analysts recently.