Eagle Bulk Shipping has filed a pair of federal lawsuits asking to seize $1.42m in a dispute over distributions from the Navig8 Bulk Pool. Lawyer Thomas Tisdale, who is representing the New York-listed supramax owner in the Connecticut case, alleges that the Navig8 pool failed to distribute $1.13m to the shipowners. New York-listed Eagle Bulk also is aiming to recover legal and other costs. In Connecticut, the Eagle Bulk affiliates are seeking to garnish up to $1.42m Navig8 funds believed to be held by charterers Glencore, Castleton Commodities, Noble Chartering, Louis Dreyfus and Trafigura.
