Eagle Bulk Shipping reports first quarter 2016 losses

Flag of the Marshall Islands

Flag of the Marshall Islands

News of Israel’s friends in Western Pacific: Marshall Islands, Micronesia, Nauru and Palau  (Eagle Bulk Shipping is a Marshall Islands Corporation)

STAMFORD, Conn., May 10, 2016 /PRNewswire/ — Eagle Bulk Shipping Inc. (Nasdaq: EGLE) today announced its results for the first quarter ended March 31, 2016. First Quarter Highlights: Net reported loss of $39.3 million, or $1.04 per share, compared to a net loss of $20.7 million, or $0.55 per share, for the comparable quarter in 2015.…

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