Eagle Bulk Shipping's bottom line fell into the red due to a challenging freight environmentduring this year's first half.
The Gary Vogel-led bulker owner posted a $6m loss for the second quarter versus a $3.45m profit a year ago.
Loss per share came in at $0.08, meeting analysts consensus, but falling below earnings per share of $0.05 during the same three-month period in 2018.