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Eagle Bulk Shipping (EGLE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Eagle Oil and Shipping Company was a United Kingdom merchant shipping company that operated oil tankers between the Gulf of Mexico and the UK. Weetman Pearson, 1st Viscount Cowdray founded it as the Eagle Oil Transport Company in 1912 and sold it to Royal Dutch Shell in 1919.
Eagle Bulk Shipping (EGLE) closed the most recent trading day at $51.50, moving +0.74% from the previous trading session.
The vessel is owned by Eagle Bulk Shipping, a Stamford, Connecticut-based firm traded on the New York Stock Exchange.
Eagle Bulk (NASDAQ: EGLE), an owner-operator in the dry bulk ocean shipping sector, was weighed down by the same market pressures as its competitors, and profits declined in the first quarter.
It is one of the largest shipping companies in the world. MOL fleet includes dry cargo ships (bulk carriers), liquefied natural gas carriers, Ro-Ro Car Carrier ships, oil tankers, container ships (among which mv MOL Triumph is the 4th largest containership in the world), and container terminals.
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