32.24
+1.93%
Close of 9 Nov 2026, in USD
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About Eagle Bulk Shipping
Its shares trade under the ticker EGLE. It has been listed since 23 June 2005. In the fiscal year to 31 December 2023, it reported revenue of $393.8m and net income of $22.7m. At that date it held total assets of $1.15bn and shareholders' equity of $600.2m.
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. The company is headquartered in Stamford, Connecticut. The company went IPO on 2005-06-23. The firm offers transportation solutions to a diverse group of customers, including miners, producers, traders, and end users. The firm owns and operates a fleet of vessels which includes Supramax and Ultramax dry bulk vessels, with an aggregate carrying capacity of around 2,790,211 deadweight (dwt) and an average age of approximately 9.1 years. Its Supramax and Ultramax drybulk vessels are equipped with cargo-handling cranes that range in size from approximately 50,000 to 65,000 dwt. The firm transports a range of cargoes, including both bulk cargoes, such as coal, grain, and iron ore, and minor bulk cargoes such as fertilizer, steel products, petcoke, cement, and forest products. The firm carries out commercial and strategic management of its fleet through its subsidiary, Eagle Bulk Management LLC.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Marine
- Listed since
- 23 Jun 2005
- Employees
- 974
- Website
- eagleships.com ↗
Leadership
Pay as last reported
- Mr. Paul LeandIndependent Chairman of the Board$283,248
- Mr. Gary VogelChief Executive Officer, Director, since 2015$7.0m
- Mr. Constantine TsoutsoplidesChief Financial Officer
- Ms. A. Kate BlankenshipIndependent Director
- Mr. Justin KnowlesIndependent Director$194,406
- Mr. Bart VeldhuizenIndependent Director$189,406
- Mr. Gary WestonIndependent Director$199,406
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 42
- Environment
- 23
- Social
- 47
- Governance
- 56
- Direct emissions (scope 1)
- 895,060 t
- Energy emissions (scope 2)
- 35 t
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Eagle Bulk Shipping Inc operates one of the largest fleets of supramax dry bulk carriers in the world. This extensive fleet enables the company to provide efficient and reliable shipping services to its customers.
- The company has a strong global presence and a well-established reputation in the shipping industry. It has built strong relationships with customers and suppliers, which contributes to its competitive advantage.
- Eagle Bulk Shipping Inc has a skilled and experienced workforce. Its employees possess the necessary expertise and knowledge to effectively manage and operate its fleet, ensuring high-quality shipping services.
Weaknesses
- The shipping industry is highly cyclical and sensitive to changes in global economic conditions. Eagle Bulk Shipping Inc is exposed to market fluctuations, which can impact its financial performance and profitability.
- The company relies heavily on charter hire revenues, which are subject to market rates. If charter rates decrease, it could negatively affect the company's earnings.
- Eagle Bulk Shipping Inc may face challenges related to compliance with international regulations and environmental standards. Failure to meet these requirements could result in penalties and damage to its reputation.
Opportunities
- Increasing global demand for dry bulk commodities presents opportunities for Eagle Bulk Shipping Inc to expand its customer base and revenue streams. The company can target emerging markets and diversify its operations to capitalize on these growth opportunities.
- Advancements in technology and digitalization are transforming the shipping industry. Eagle Bulk Shipping Inc can leverage these innovations to enhance its operational efficiency, improve supply chain management, and reduce costs.
- Changes in global trade patterns and the opening of new trade routes, such as the Arctic and the expanded Panama Canal, provide avenues for growth for Eagle Bulk Shipping Inc. The company can explore these routes to expand its service offerings and gain a competitive edge.
Threats
- Intense competition within the shipping industry poses a threat to Eagle Bulk Shipping Inc. Competitors may offer similar services at lower prices, potentially eroding the company's market share.
- Fluctuations in fuel prices can significantly impact the company's operating costs. Volatile fuel prices make it difficult for Eagle Bulk Shipping Inc to accurately forecast and manage its expenses.
- Geopolitical tensions, trade disputes, or changes in trade policies can disrupt global shipping routes and negatively affect the company's operations. These external factors are beyond the company's control and present risks to its business continuity.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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