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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.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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