Merrill Lynch Initiates Coverage on Eagle Bulk Shipping (EGLE)

July 8, 2008 8:03 AM EDT

Merrill Lynch initiates coverage on Eagle Bulk Shipping (Nasdaq: EGLE) with a Buy.

Eagle Bulk Shipping Inc. is primarily engaged in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.


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