Restructured Eagle expects to card an operating deficit of $51.6m for last year after losing $8.3m since its exit from Chapter 11 in October, an SEC filing showed.

This would mark a swing from a $31.1m operating gain for fiscal 2013, the filing said.

“The decrease in operating income was primarily due to the lower charter rates earned by the fleet in 2014 and due to a non-recurring gain in 2013 of $32.5m