Eagle Bulk is locked in talks with key lenders following a loan breach that led it to miss a scheduled repayment.
The bulker owner has secured a forbearance agreement running until 2 February to thrash out a solution with its banks.
In a statement, Eagle said it was in breach of a facility with ABN AMRO and other lenders following “apparent violations in the provision of shipping services for third party charterers with respect to the transportation of cargo”.
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