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Eagle Bulk Shipping

OverviewSuggest Edit

Eagle Bulk Shipping engages in the ocean transportation of dry bulk cargoes worldwide. The Company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including coal, grain, ore, pet coke, cement, and fertilizers.

TypePublic
Founded2005
HQStamford, CT, USMap
Websiteeagleships.com

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)1,004(-1%)
Revenue (FY, 2019)$292.4 M(-5%)
Share Price (Jan 2021)$22.8 (-5%)
Cybersecurity ratingBMore

Key People/Management at Eagle Bulk Shipping

Paul Leand

Paul Leand

Chairman
Randee Day

Randee Day

Director
Bo Westergaard

Bo Westergaard

Chief Commercial Officer
Justin A. Knowles

Justin A. Knowles

Director
Michael J. Mitchell

Michael J. Mitchell

General Counsel
Bart Veldhuizen

Bart Veldhuizen

Director
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Eagle Bulk Shipping Office Locations

Eagle Bulk Shipping has offices in Stamford, København, Hamburg and Singapore
Stamford, CT, US (HQ)
300 First Stamford Pl
København, DK
Bredgade 30
Hamburg, DE
Zippelhaus 2
Singapore, SG
9 Raffles Place
Show all (4)

Eagle Bulk Shipping Financials and Metrics

Eagle Bulk Shipping Revenue

Eagle Bulk Shipping's revenue was reported to be $292.38 m in FY, 2019
USD

Revenue (Q3, 2020)

68.2m

Net income (Q3, 2020)

(11.2m)

EBIT (Q3, 2020)

742.6k

Market capitalization (15-Jan-2021)

283.0m

Closing stock price (15-Jan-2021)

22.8

Cash (30-Sept-2020)

83.4m

EV

715.7m
Eagle Bulk Shipping's current market capitalization is $283 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

313.4m190.8m202.4m103.9m124.5m236.8m310.1m292.4m

General and administrative expense

37.6m32.1m16.0m19.4m22.9m33.1m36.2m35.0m

Operating expense total

37.6m32.1m16.0m239.4m325.7m33.1m36.2m36.2m

Depreciation and amortization

76.9m43.0m38.9m33.7m37.7m40.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

76.4m80.3m52.6m48.5m46.9m72.2m44.2m39.0m45.8m42.4m29.1m21.3m25.6m35.8m45.9m53.6m62.7m79.4m74.9m69.1m77.4m69.4m74.1m74.4m57.4m68.2m

General and administrative expense

8.0m8.3m10.6m9.4m6.5m3.1m4.8m2.9m3.1m3.1m6.6m4.9m4.4m4.4m5.3m4.9m5.2m7.8m8.6m8.6m9.9m8.9m8.9m8.4m8.0m8.5m8.0m6.8m8.0m

Operating expense total

8.0m8.3m10.6m9.4m6.5m3.1m4.8m2.9m3.1m11.3m56.1m4.9m47.0m4.4m5.3m4.9m5.2m7.8m8.6m8.6m9.9m8.9m8.9m8.4m8.0m8.5m8.0m6.8m8.0m

Depreciation and amortization

19.4m19.1m19.4m19.6m10.9m11.3m9.4m9.7m9.9m7.5m8.0m9.0m9.3m9.3m9.5m9.4m9.8m10.1m12.5m12.5m12.6m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

25.1m18.1m19.7m76.5m56.3m67.2m53.6m

Accounts Receivable

14.0m9.3m11.2m5.1m17.2m19.8m20.0m

Prepaid Expenses

4.0m3.5m5.5m3.0m4.6m4.6m

Inventories

11.1m12.1m9.6m10.9m14.1m16.1m15.8m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

51.1m27.3m28.1m17.1m18.6m19.3m19.6m19.9m19.8m20.1m32.5m16.8m11.9m98.6m145.8m68.7m64.3m57.9m76.9m80.7m60.7m38.6m71.5m69.2m98.5m83.4m

Accounts Receivable

17.7m22.5m13.0m10.3m13.8m10.8m13.0m11.1m13.7m15.7m12.2m7.1m5.6m6.5m8.8m11.3m10.2m14.0m13.1m16.1m19.0m17.7m19.9m18.2m19.0m13.0m

Prepaid Expenses

2.5m3.7m3.4m5.0m3.3m4.3m4.1m3.3m7.8m4.1m3.9m2.6m2.8m2.6m2.6m3.1m2.1m3.7m2.8m2.3m3.9m4.0m3.5m4.0m3.4m2.7m

Inventories

8.5m8.3m11.6m12.6m10.8m12.7m11.8m12.1m6.7m8.7m10.6m5.6m6.8m7.0m8.7m12.6m12.6m13.6m11.9m13.3m13.1m13.0m14.3m15.4m10.1m11.7m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(14.8m)(102.8m)(70.5m)(11.5m)(148.3m)(223.5m)(43.8m)12.6m(21.7m)

Depreciation and Amortization

73.1m77.6m75.0m8.8m41.0m35.6m29.4m32.4m34.3m

Inventories

(7.9m)(999.8k)2.5m2.9m174.9k(5.3m)(3.2m)(2.0m)313.5k

Accounts Payable

4.6m(407.8k)(3.8m)(1.9m)(3.4m)(1.1m)335.7k993.6k3.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(7.2m)(13.1m)(17.4m)(40.5m)(70.4m)1.4m(1.7m)(39.3m)(22.6m)(67.2m)(113.1m)(20.7m)(48.2m)(68.6m)(39.3m)(61.8m)(81.1m)(11.1m)(17.0m)(27.2m)52.7k3.5m6.1m29.5k(6.0m)(10.5m)(3.5m)(24.0m)(35.2m)

Depreciation and Amortization

34.8m53.5m19.4m38.9m58.3m18.9m38.1m56.1m18.4m37.0m55.7m10.3m20.5m30.8m8.9m17.7m26.6m6.5m13.5m21.4m8.1m16.0m24.1m8.2m16.4m24.8m10.6m21.3m32.1m

Inventories

5.3m5.1m(533.9k)(1.5m)269.7k(636.2k)268.0k(27.9k)2.9m935.1k(972.8k)(673.0k)(548.4k)(798.2k)(21.9k)(1.3m)(1.4m)2.1m(1.7m)(1.7m)490.7k2.2m836.6k3.0m3.1m1.9m463.4k5.7m4.1m

Accounts Payable

2.4m3.3m(138.5k)(4.0m)(1.2m)(2.1m)(2.0m)703.0k(1.8m)(966.4k)(826.8k)(3.9m)(2.2m)(3.3m)3.2m(319.6k)(1.8m)(249.2k)705.9k97.9k1.5m652.9k1.4m1.5m(4.4m)(1.8m)(3.4m)(4.5m)(4.1m)
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USDQ2, 2011

Financial Leverage

2.8 x
Show all financial metrics

Eagle Bulk Shipping Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

Learn more about our premium products
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Eagle Bulk Shipping Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
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Eagle Bulk Shipping Online and Social Media Presence

Eagle Bulk Shipping's Trends

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Eagle Bulk Shipping News and Updates

December 29, 2020

Eagle Bulk Shipping Inc. Acquires Two Modern Ultramax Bulkcarriers

STAMFORD, Conn., Dec. 29, 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 purchased two modern high-specification SDARI-…
December 17, 2020

Eagle Bulk Shipping Inc. Announces 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…
December 16, 2020

Eagle Bulk Shipping Inc. Acquires Modern Ultramax

STAMFORD, Conn., Dec. 16, 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 purchased a high-specification 2015-built SDAR…
November 05, 2020

Eagle Bulk Shipping Inc. Reports Third Quarter 2020 Results

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 Septe…
October 20, 2020

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

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 ho…
September 15, 2020

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

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 p…
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Eagle Bulk Shipping Blogs

December 22, 2020

Eagle Bulk Shipping Becomes a Signatory to the Sea Cargo Charter

Eagle Bulk Shipping Becomes a Signatory to the Sea Cargo Charter Content Import Tue, 12/22/2020 - 08:12 Eagle Bulk Shipping Becomes a Signatory to the Sea Cargo Charter December 22, 2020 at 8:12 AM EST This release is a backfill from a News Wire …
September 14, 2020

Eagle Bulk Shipping Inc. Announces Reverse Stock Split

Eagle Bulk Shipping Inc. Announces Reverse Stock Split Content Import Mon, 09/14/2020 - 11:45 Eagle Bulk Shipping Inc. Announces Reverse Stock Split September 14, 2020 at 11:45 AM EDT This release is a backfill from a News Wire General …
August 12, 2020

Clarksons Platou Securities AS - Hans Lund - Debt

Clarksons Platou Securities AS - Hans Lund - Debt kenneth.clark@… Wed, 08/12/2020 - 09:45 Hans Lund Clarksons Platou Securities AS Hans.Lund@clarksons.com
July 31, 2020

Eagle Bulk Reports the Successful Resolution of Security Incident Onboard Vessel

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
May 20, 2020

Eagle Bulk Shipping Inc. Issues ESG Sustainability Report

Eagle Bulk Shipping Inc. Issues ESG Sustainability Report Content Import Wed, 05/20/2020 - 08:03 Eagle Bulk Shipping Inc. Issues ESG Sustainability Report May 20, 2020 at 8:03 AM EDT This release is a backfill from a News Wire General …
May 07, 2020

Eagle Bulk Shipping Inc. Reports First Quarter 2020 Results

Eagle Bulk Shipping Inc. Reports First Quarter 2020 Results Content Import Thu, 05/07/2020 - 17:08 Eagle Bulk Shipping Inc. Reports First Quarter 2020 Results May 7, 2020 at 5:08 PM EDT This release is a backfill from a News Wire Earnings …
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 Eagle Bulk Shipping Frequently Asked Questions

  • When was Eagle Bulk Shipping founded?

    Eagle Bulk Shipping was founded in 2005.

  • Who are Eagle Bulk Shipping key executives?

    Eagle Bulk Shipping's key executives are Paul Leand, Randee Day and Bo Westergaard.

  • How many employees does Eagle Bulk Shipping have?

    Eagle Bulk Shipping has 1,004 employees.

  • What is Eagle Bulk Shipping revenue?

    Latest Eagle Bulk Shipping annual revenue is $292.4 m.

  • What is Eagle Bulk Shipping revenue per employee?

    Latest Eagle Bulk Shipping revenue per employee is $291.2 k.

  • Who are Eagle Bulk Shipping competitors?

    Competitors of Eagle Bulk Shipping include Matson, Foss Maritime and Golden Ocean Group.

  • Where is Eagle Bulk Shipping headquarters?

    Eagle Bulk Shipping headquarters is located at 300 First Stamford Pl, Stamford.

  • Where are Eagle Bulk Shipping offices?

    Eagle Bulk Shipping has offices in Stamford, København, Hamburg and Singapore.

  • How many offices does Eagle Bulk Shipping have?

    Eagle Bulk Shipping has 4 offices.