Eagle Bulk Shipping

Eagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Ultramax and Supramax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer. The company was founded by Sophocles N. Zoullas on March 23, 2005 and is headquartered in Stamford, CT.

Earnings data Q2 2020

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Eagle Bulk Shipping reports record profits and strategic growth outlook

Eagle Bulk Shipping delivered a strong financial performance in 2022, marked by record profits and shareholder distributions.
While facing challenges such as decreased net TCE and CFO transition, the company remains optimistic about industry prospects.
Strategic decisions around fleet expansion, liquidity management, and operational efficiency position Eagle Bulk Shipping for continued growth and value creation.
Opportunities for acquisitions, capital optimization, and market growth underscore the company's resilience and strategic foresight.

Eagle Bulk Shipping posts solid Q1 results amidst debt challenges

Eagle Bulk Shipping's Q1 2023 performance reflects financial stability and strategic fleet management. While maintaining strong liquidity, the company faces challenges in debt management and fleet optimization. Opportunities lie in fleet expansion and operational efficiency improvements.

Eagle Bulk Shipping reports robust Q2 earnings and advances digitization

Eagle Bulk Shipping's Q2 performance reflects strong financial results, operational efficiency, and strategic growth initiatives.
The company's focus on crew management, vessel acquisitions, and digitization underscores a commitment to long-term sustainability and operational excellence.
While facing challenges in crew management and cost optimization, Eagle Bulk Shipping has opportunities to leverage its liquidity position for growth and efficiency enhancements.
Overall, Eagle Bulk Shipping's proactive approach to operational improvements and financial performance positions it well for future success and resilience in a dynamic market environment.

Eagle Bulk Shipping reports Q3 loss, eyes strategic growth opportunities

Eagle Bulk Shipping navigated a tough market in Q3, reporting a net loss but demonstrating resilience through profitable asset sales and strong liquidity management.
While facing challenges such as settling convertible bonds and dry dock requirements, the company is well-positioned to capitalize on rising ship values and revenue growth opportunities.
With a focus on strategic decision-making and operational efficiency, Eagle Bulk Shipping aims to leverage market dynamics and maintain financial stability for future growth.

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Eagle Bulk Shipping Inc. is the largest US-based owner of Handymax dry bulk vessels. This modern fleet is comprised principally of Supramax class vessels, a larger and more efficient Handymax design that enjoys strong demand from customers around the world. They believe that the cargo handling flexibility and cargo carrying capacity of the Supramax class vessels provides a distinct competitive advantage in the dry bulk marketplace.  Eagle Bulk™’s New York-based management team has, on average, 20 years of experience in the Handymax market. The Company’s low cost structure and stable, medium to long term chartering strategy provide the foundation for growth in the dry bulk shipping market.

STAMFORD, Conn., April 05, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”) today announced that its shareholders voted in favor of (1) a proposal to approve and authorize the previously announced Agreement and Plan of Merger, dated December 11, 2023 (the “Merger Agreement”), entered into by and among Star Bulk Carriers Corp. (“Star Bulk”), Star Infinity Corp. (“Merger Sub”) and the Company and the merger contemplated thereby (the “Merger Proposal”) and (2) a proposal to authorize and approve the issuance of shares of the Company's common stock, $0.01 par value per share (the “Common Stock”), issuable upon the potential future conversion of the Company's 5.00% Convertible Senior Notes due 2024 in excess of the conversion share cap set forth in the Indenture, dated as of July 29, 2019, between the Company and Deutsche Bank Trust Company Americas (the “Convertible Note Share Issuance Proposal”) at its special meeting of shareholders (the “Special Meeting”) held earlier today.

Eagle Shareholders Approve Merger With Star Bulk

Eagle Bulk Shipping (EGLE) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $2.28 per share a year ago.

Eagle Bulk Shipping (EGLE) Q4 Earnings and Revenues Top Estimates

STAMFORD, Conn., March 01, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”), one of the world's largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter and year ended December 31, 2023.

Eagle Bulk Shipping Inc. Reports Results for the Fourth Quarter of 2023

Star Bulk Carriers

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Eagle Bulk Shipping Inc. (NYSE: EGLE) to Star Bulk Carriers Corp. (NasdaqGS: SBLK). Under the terms of the proposed transaction, shareholders of Eagle will receive 2.6211 shares of Star Bulk for each share of Eagle that they own. KSF is seeking to determine whether this consideration and the process that led t.

EAGLE BULK SHIPPING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Eagle Bulk Shipping Inc. - EGLE

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Houthi attacks on cargo ships have cut Red Sea container traffic by almost 30% since late last year, according to the International Monetary Fund.

Red Sea container traffic is down almost 30% amid Houthi attacks, says IMF, as experts weigh wider impact

NEW ORLEANS , Jan. 26, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

EAGLE BULK SHIPPING INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Eagle Bulk Shipping Inc. - EGLE

Shipping stocks were on the rise Tuesday despite Monday's ballistic missile attack on a U.S. -owned vessel in the Gulf of Aden.

Shipping stocks rise as latest Houthi attack thrusts dry bulk fleet into the spotlight

A ship owned by Connecticut-based Eagle Bulk was hit by a missile off the coast of Yemen on Monday, according to the dry bulk vessel operator, amid escalating strikes on commercial shipping lanes conducted by Houthi rebels, who have not claimed responsibility for Monday's attack.

U.S. Commercial Ship Hit By Missile Off Yemen Coast

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Danaos' strategic investment in Eagle Bulk, initially met with skepticism, has proven highly profitable. Eagle Bulk's merger with Star Bulk Carriers and a surge in dry bulk rates amid the Red Sea blockade have contributed to Danaos' share price rally. Still, significant upside prospects remain from Danaos' core investment case alone.

Danaos: Eagle Bulk Stake Pays Off Big Amid Merger With Star Bulk, Red Sea Blockade

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Shipping stocks are off to a good start in 2024. But to the untrained eye, that may appear strange.

Why Do Shipping Stocks Gain in Times of Geopolitical Crisis?

I recently read about Eagle Bulk Shipping Inc.'s (EGLE, Financial) announced acquisition by Star Bulk Carrier's Corp. (SBLK, Financial) in an all-stock merger with a market capitalization of $2.1 billion. Petros Pappas, Star's CEO, will retain his leadership role and Eagle management will assume supporting roles.

What Does Star Bulk Carrier's Purchase of Eagle Bulk Shipping Mean for Investors?

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Shipping stocks are up on Monday after BP (NYSE: BP ) announced that it will no longer be using shipping routes that travel through the Red Sea. This announcement comes alongside increased attacks from Houthi in the region.

Why Are Shipping Stocks ZIM, GNK, EGLE, SBLK Up Today?

It's been a rough year for Eagle Bulk Shipping stock in 2023, but it's ending on a high note with a merger and a big jump in stock price. Actually, it's more than a merger -- it's a buyout of Eagle by its rival, Star Bulk Shipping.

Why Eagle Bulk Shipping Stock Just Popped 12%

Eagle Bulk Shipping (NYSE: EGLE ) stock is on the rise Tuesday after the company announced a merger agreement with Star Bulk Carriers (NASDAQ: SBLK ). That deal will have holders of EGLE stock receive 2.6211 shares of of SBLK stock for each share that they own.

EGLE Stock Pops as Star Bulk Buys Eagle Bulk for $500 Million

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Eagle Bulk Shipping Inc. (NYSE: EGLE) to Star Bulk Carriers Corp. for 2.6211 shares of Star Bulk common stock for each share of Eagle common stock is fair to Eagle shareholders. Halper Sadeh encourages Eagle shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halper.

EGLE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Eagle Bulk Shipping Inc. Is Fair to Shareholders

Leading, Diversified and Scrubber-Fitted Fleet of 169 Owned Vessels Best-in-Class Commercial and Technical Operations and Expanded Global Presence Spanning Europe, Asia and North America Expect to Realize Meaningful Financial Benefits from Significant Cost and Revenue Synergies Companies to Host Conference Call Today at 5:30 p.m. ET ATHENS, Greece and STAMFORD, Conn.

Star Bulk and Eagle Bulk Shipping to Combine, Creating a Global Leader in Dry Bulk Shipping

Eagle Bulk Shipping Inc. (EGLE) Q3 2023 Earnings Call Transcript

STAMFORD, Conn., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”), one of the world's largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter ended September 30, 2023.

Eagle Bulk Shipping Inc. Reports Results for the Third Quarter of 2023

Eagle Bulk Shipping (EGLE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Eagle Bulk Shipping (EGLE) Expected to Beat Earnings Estimates: Should You Buy?

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STAMFORD, Conn., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle Bulk”, “Eagle”, or the “Company”), one of the world's largest owner-operators within the midsize drybulk vessel segment, announced today that it will report its financial results for the third quarter ending September 30, 2023, after the close of stock market trading on November 2, 2023. Members of Eagle's senior management team will host a call at 8:00 a.m. ET on Friday, November 3, 2023 in order to discuss company results and provide an update on market fundamentals.

Eagle Bulk Shipping Inc. to Issue Third Quarter 2023 Results and Hold Investor Conference Call

Shares of dry bulk transporter Eagle Bulk Shipping Inc. are the subject of considerable intrigue, after 28% were repurchased at a 19% premium to their prior close on June 22nd. The move was to fend off a potential hostile takeover from container shipping concern Danaos Corporation after it had been revealed that it had acquired a 10% stake (now 16.7%). With Eagle's stock $17 per share lower than the price it paid to (then largest stakeholder) Oaktree Capital, the recently instituted poison pill to fend off Danaos merited further investigation.

Eagle Bulk Shipping: A Complicated Story In A Volatile Industry

Eagle Bulk is a US-based dry bulk ship owner with a fleet of 52 modern vessels. The company is a dividend stock with a reasonable valuation, but carries risks related to its debt. The development of the dry bulk freight rates imposes challenge in the future.

Eagle Bulk: Cheap Bulker With Decent Dividend

Eagle Bulk Shipping Inc. (NYSE:EGLE ) Q2 2023 Earnings Conference Call August 4, 2023 8:00 AM ET Company Participants Gary Vogel - CEO Costa Tsoutsoplides - CFO Conference Call Participants Omar Nokta - Jefferies Greg Lewis - BTIG Liam Burke - B. Riley Financial Poe Fratt - Alliance Global Partners Operator Good day, and welcome to Eagle Bulk's Second Quarter 2023 Earnings Call.

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