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.

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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.

Eagle Bulk Shipping (EGLE) delivered earnings and revenue surprises of 66.67% and 1.41%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Eagle Bulk Shipping (EGLE) Reports Q1 Loss, Tops Revenue Estimates

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Eagle Bulk Shipping Inc. (EGLE) CEO Gary Vogel on Q4 2019 Results - Earnings Call Transcript

STAMFORD, Conn., March  04, 2020  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) ("Eagle Bulk" or the “Company”), one of the world’s largest owner-operators within the Supramax/Ultramax segment, today reported financial results for the three months and year ended December 31, 2019.

 Eagle Bulk Shipping Inc. Reports Fourth Quarter 2019 Results

STAMFORD, Conn., Jan.  14, 2020  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax drybulk shipping segment, today announced that it has joined the Getting to Zero Coalition (the “Coalition”), an alliance of 90+ companies within the maritime, energy, infrastructure, and finance sectors which are committed to the decarbonization of deep-sea shipping, in line with the International Maritime Organization’s (IMO) greenhouse gas (“GHG”) emissions reduction strategy and the UNFCC Paris Agreement.

Eagle Bulk Shipping Inc. Joins Getting to Zero Coalition

STAMFORD, Conn., Dec.  18, 2019  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax segment, today announced that is has taken delivery of the sixth and final Ultramax drybulk vessel it agreed to acquire in July.

Eagle Bulk Shipping Inc. Takes Delivery of M/V Hong Kong Eagle

STAMFORD, Conn., Nov.  26, 2019  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax segment, today announced that is has taken delivery of the fifth of six Ultramax drybulk vessels it has recently agreed to acquire.

Eagle Bulk Shipping Inc. Takes Delivery of M/V Shanghai Eagle

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In the recent flood of earnings reports by U.S.-listed ocean shipping companies, common themes have risen to the surface: Third-quarter results are still in the red and weaker than expected, earnings are being impaired by out-of-service time due to exhaust-gas scrubber installations, rates are up sharply in the fourth quarter – and most importantly, as sentiment brightens, dividends are now back in vogue.

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Eagle Bulk Shipping's (EGLE) CEO Gary Vogel on Q3 2019 Results - Earnings Call Transcript

STAMFORD, Conn., Oct.  10, 2019  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax segment, today announced that it has taken delivery of the fourth of six Ultramax drybulk vessels, it has recently agreed to acquire.

Eagle Bulk Shipping Inc. Takes Delivery of M/V Santos Eagle

STAMFORD, Conn., Oct.  07, 2019  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax segment, today announced that Eagle Bulk Ultraco LLC, a wholly-owned subsidiary of the Company, closed on a USD 34.3 million incremental term loan under its existing five-year senior secured term loan facility, which bears an interest rate of LIBOR plus 2.50% and matures in 2024. The incremental amount of the facility is secured by the three Ultramaxes the Company recently acquired and took delivery of — M/V Copenhagen Eagle, M/V Dublin Eagle, and M/V Sydney Eagle.

Eagle Bulk Shipping Inc. Closes on USD 34 Million Term Facility Increase

Eagle Bulk Shipping could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

Moving Average Crossover Alert: Eagle Bulk Shipping

STAMFORD, Conn., Sept.  16, 2019  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax segment, today announced that is has taken delivery of the second of six Ultramax drybulk vessels, it has recently agreed to acquire.

Eagle Bulk Shipping Inc. Takes Delivery of M/V Sydney Eagle

STAMFORD, Conn.,, Sept.  11, 2019  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax segment, today announced that it has taken delivery of the first of six modern Ultramax drybulk vessels the Company has previously agreed to acquire.

Eagle Bulk Shipping Inc. Takes Delivery of M/V Dublin Eagle

Eagle Bulk Shipping's (EGLE) CEO Gary Vogel on Q2 2019 Results - Earnings Call Transcript

Eagle Bulk Shipping (EGLE) delivered earnings and revenue surprises of -14.29% and -2.95%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Eagle Bulk Shipping (EGLE) Reports Q2 Loss, Misses Revenue Estimates

Eagle Bulk Shipping Inc. (EGLE) CEO Gary Vogel on Q1 2019 Results - Earnings Call Transcript

News for Eagle Bulk Shipping Stock (EGLE)