Eagle Bulk Shipping Inc EGLE

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Eagle Bulk Shipping Inc. is a fully integrated shipowner-operator. The Company provides global transportation solutions to a diverse group of customers, including miners, producers, traders and end users. The Company focuses on the versatile midsize dry bulk vessel segment and owns fleets of Supramax/Ultramax vessels in the world. Typical cargoes it transports include both bulk cargoes, such as iron ore, coal and grain, and minor bulk cargoes, such as fertilizer, steel products, petcoke and cement. It owns and operates a modern fleet of approximately 52 Supramax/Ultramax vessels, with an aggregate carrying capacity of 3.16 million deadweight tons (dwt) and an average age of 10 years. In addition to its owned fleet, the Company charters-in third party vessels on both a short-term and long-term basis. Its vessels include Antwerp Eagle, Bittern, Canary, Cape Town Eagle, Copenhagen Eagle, Crowned Eagle, Gibraltar Eagle, Greenwich Eagle and others.

NYSE:EGLE - Post by User

Eagle Bulk Shipping Inc

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Post by schoolofrockon Sep 15, 2020 10:46am

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Post# 31559616

Reverse stock split effective today, September 15th

Recent CEO Interview focused on the active fleet management strategy, fleet renewal program and solid financial position. Active fleet management strategy has generated above average TCE rates and created ~$37 million of incremental EBITDA over the past year. Reverse stock split effective today, September 15th. The reverse stock split, which was approved at the last shareholder meeting, will reduce the share count from ~77.1 million shares to ~11.0 million shares.

More at:

https://www.channelchek.com/news-channel/Eagle_Bulk_Shipping__EGLE____CEO_Interview_Highlights_Active_Management_Strategy_and_Fleet_Renewal_Program

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