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.

STAMFORD, Conn., March 04, 2021 (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 segment, today reported financial results for the three months and year ended December 31, 2020.

Eagle Bulk Shipping Inc. Reports Fourth Quarter 2020 Results

STAMFORD, Conn., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world's largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that it has purchased three 2011-built CROWN-58 Supramax bulkcarriers for a total of USD 21.15 million and 329,583 common shares* of Eagle.

Eagle Bulk Shipping Inc. Acquires Three Supramaxes

STAMFORD, Conn., Feb. 08, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) will report its financial results for the fourth quarter and full year ended December 31, 2020, after the close of stock market trading on Thursday, March 4, 2021. Members of Eagle Bulk's senior management team will host a teleconference and webcast at 8:00 a.m. ET on Friday, March 5, 2021 to discuss the results.

Eagle Bulk Shipping Inc. to Issue Fourth Quarter and Full Year 2020 Results and Hold Investor Conference Call

STAMFORD, Conn., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world's largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that it has purchased a high-specification 2017-built SDARI-64 scrubber-fitted Ultramax bulkcarrier for USD 15 million and a warrant for 212,315 common shares of Eagle.

Eagle Bulk Shipping Inc. Acquires Modern Ultramax

STAMFORD, Conn., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world's largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that it has become a signatory to The Neptune Declaration on Seafarer Wellbeing and Crew Change, a global ‘call to action' initiative to help end the unprecedented crew change crisis affecting the maritime industry.

Eagle Bulk Shipping Inc. Becomes a Signatory to The Neptune Declaration on Seafarer Wellbeing and Crew Change

STAMFORD, Conn., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world's largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that it has become a signatory to the Sea Cargo Charter (the “Charter”).

Eagle Bulk Shipping Becomes a Signatory to the Sea Cargo Charter

STAMFORD, Conn., Dec. 18, 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 segment, today announced the pricing of its public offering of common stock and its concurrent registered direct offering. The offerings are being made pursuant to the Company's registration statement (including a prospectus and related prospectus supplements for the offerings). The Company agreed to sell 290,055 shares of its common stock to the underwriters in the underwritten public offering and 1,091,160 shares of its common stock to certain funds and accounts for which GoldenTree Asset Management LP, an investment manager of current shareholders of the Company, serves as investment manager, in the concurrent registered direct offering, each at a public offering price of $18.10 per share. Total gross proceeds from the offerings will be approximately $25 million. The offerings are expected to close on December 22, 2020, each subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offerings to finance the acquisition of modern Ultramax vessels and/or general corporate purposes.

Eagle Bulk Shipping Inc. Prices Common Stock Offering and Concurrent Registered Direct Offering

STAMFORD, Conn., Dec. 17, 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 segment, today announced that it has commenced an underwritten public offering of its common stock. Concurrently with this offering of common stock and by means of a prospectus supplement and accompanying prospectus, the Company is offering to sell its common stock directly to an institutional investor that is a current shareholder, in a registered direct offering in an aggregate amount equal to what is not sold in this offering. The Company intends to use the net proceeds from the offerings to finance the acquisition of modern Ultramax vessels and/or general corporate purposes. In connection with the underwritten public offering, the Company expects to grant the underwriters a 30-day option to purchase additional shares of the Company's common stock.

Eagle Bulk Shipping Inc. Announces Common Stock Offering and Concurrent Registered Direct Offering

After several tireless days we have finished crunching the numbers from nearly 817 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of September 30th. The results of that effort will be put on display in this article, as we share valuable insight into the smart money sentiment towards Eagle Bulk Shipping Inc. (NASDAQ:EGLE).

Hedge Funds Are Dumping Eagle Bulk Shipping Inc. (EGLE)

Eagle Bulk Shipping, Inc. (EGLE) CEO Gary Vogel on Q3 2020 Results - Earnings Call Transcript

Eagle Bulk Shipping (EGLE) delivered earnings and revenue surprises of -43.42% and 2.11%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Eagle Bulk Shipping (EGLE) Reports Q3 Loss, Tops Revenue Estimates

STAMFORD, Conn., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world's largest owner-operators within the Supramax / Ultramax drybulk segment, today reported financial results for the three and nine months ended September 30, 2020.

Eagle Bulk Shipping Inc. Reports Third Quarter 2020 Results

Eagle Bulk Shipping (EGLE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Eagle Bulk Shipping (EGLE) to Report a Decline in Earnings: What to Look Out for

STAMFORD, Conn., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) will report its financial results for the third quarter ended September 30, 2020, after the close of stock market trading on Thursday, November 5, 2020. Members of Eagle Bulk's senior management team will host a teleconference and webcast at 8:00 a.m. ET on Friday, November 6, 2020 to discuss the results.

Eagle Bulk Shipping Inc. to Issue Third Quarter 2020 Results and Hold Investor Conference Call

STAMFORD, Conn., Sept.  15, 2020  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, today announced the effectiveness, as of 9:00 a.m. Eastern time, of the previously announced 1-for-7 reverse stock split of the Company’s issued common stock.

Eagle Bulk Shipping Inc. Announces Effectiveness of Previously Announced Reverse Stock Split

STAMFORD, Conn., Sept.  14, 2020  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that it has resolved to effect a reverse stock split of the Company’s issued common stock and has determined the ratio to be 1-for-7. The Company’s shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Company’s Annual Meeting of Shareholders held on June 19, 2020.

Eagle Bulk Shipping Inc. Announces Reverse Stock Split

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Dry cargo shipping is a highly fragmented, commodity-type business with little differentiation between ships of similar type, size, or age.

Survey Of Operating Costs In Dry Cargo Shipping

Eagle Bulk Shipping, Inc. (EGLE) CEO Gary Vogel on Q2 2020 Results - Earnings Call Transcript

STAMFORD, Conn., July  31, 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 segment, today reported that it has successfully resolved a security incident on board the vessel M/V Jaeger involving an armed security guard.

Eagle Bulk Reports the Successful Resolution of Security Incident Onboard Vessel

Earnings Preview: Eagle Bulk Shipping (EGLE) Q2 Earnings Expected to Decline

STAMFORD, Conn., July  21, 2020  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) will report its financial results for the second quarter ended June 30, 2020, after the close of stock market trading on Thursday, August 6, 2020. Members of Eagle Bulk’s senior management team will host a teleconference and webcast at 8:00 a.m. ET on Friday, August 7, 2020 to discuss the results.

Eagle Bulk Shipping Inc. to Issue Second Quarter 2020 Results and Hold Investor Conference Call

STAMFORD, Conn., June  15, 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 announced that Eagle Bulk Ultraco LLC, a wholly-owned subsidiary of the Company, closed on a USD 22.6 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 two Ultramaxes the Company already owned, the M/V Hong Kong Eagle and M/V Santos Eagle.

Eagle Bulk Shipping Inc. Closes on USD 22.6 Million Term Facility Increase

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To the growing bewilderment of skeptics, equities continue their rally, trading as if the recovery is nigh, there will be no second-wave lockdowns, and government largesse will offset unemployment.

Can Shipping Shares Catch Wave Of (Ir)rational Exuberance?

STAMFORD, Conn., May  20, 2020  (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax segment, today announced that it has issued its inaugural Environmental, Social, and Governance (ESG) Sustainability Report.

Eagle Bulk Shipping Inc. Issues ESG Sustainability Report

Eagle Bulk Shipping Inc. (EGLE) CEO Gary Vogel on Q1 2020 Results - Earnings Call Transcript

News for Eagle Bulk Shipping Stock (EGLE)