Vmbook Online ordering

Eagle Bulk Shipping Inc

Sure, here's some general information about Eagle Bulk Shipping Inc. (EGLE)

Eagle Bulk Shipping Inc. is a US-based company that owns and operates a fleet of dry bulk vessels. The company was founded in 2005 and is headquartered in Stamford, Connecticut. The company is listed on the NASDAQ stock exchange under the ticker symbol "EGLE".

As of March 2023, Eagle Bulk Shipping Inc. operates a fleet of 51 dry bulk vessels, ranging from Handymax to Capesize vessels. The company's vessels are employed mainly on spot and period charters, and it operates worldwide, focusing on the major bulk shipping routes.

The company has a long history, and in 2018, Eagle Bulk Shipping Inc. completed a reverse merger with a publicly traded company, Timmins Gold Corp.

Eagle Bulk Shipping Inc. has been expanding its fleet over the years through vessel purchases and charters. The company has also been focused on reducing its environmental impact and has implemented several sustainability initiatives.

The company reported a net income of $38.1 million in the third quarter of 2022, with total revenue of $155.6 million. Also, net vessel profit was $81.7 million.

EGLE has had a strong run in recent years due to factors such as increased demand for dry bulk commodities like iron ore and coal. However, like other shipping stocks, the company faces challenges such as fluctuating charter rates and fuel costs, environmental regulations, and global trade tensions.

As with any stock, Eagle Bulk Shipping Inc.'s performance can be affected by various market and industry factors, and investors should conduct thorough research before making investment decisions.