Eagle Bulk Shipping chief executive Gary Vogel suggested the company may buy more ships after it reported a slimmer quarterly loss.

The New York-listed bulker owner's $88m in added growth capital and stronger will enable it to take advantage of opportunities like its recent purchase of an ultramax newbuilding, he said.

His comments came as Eagle Bulk reported $19.4m in red numbers for the third quarter, down from $20.4m