|EGLE (Common Stock)|
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Eagle Bulk Shipping Inc. (NASDAQ: EGLE) is a US-based owner and operator of dry bulk vessels, providing its customers with reliable and responsible global transportation services for the carriage of bulk commodities including: coal, grain, iron ore, steel, cement, and forest products, among others.
Our owned fleet currently totals 40 vessels, all of which are focused on the mid-size asset class, referred to as Supramax.These vessels are between 50,000 and 59,000 deadweight tons and are ‘geared’, meaning they are equipped with onboard cranes allowing for the self-loading and unloading of cargoes. This feature distinguishes them from the larger classes of bulk carriers and provides greatly enhanced flexibility and versatility – both with respect to cargo diversity and port accessibility. Eagle operates 39 Supramax, 1 Handymax (48,000 deadweight) and 1 Handysize logs-fitted bulk carrier (37,000 deadweight), both of which are also geared.
We operate out of three offices, Stamford (headquarters), Singapore, and Hamburg, and perform all aspects of vessel management in-house including: commercial, operational, technical, and strategic.
Eagle’s commercial team delivers reliable and cost effective freight solutions to our customers/partners while seeking to optimize revenue through the execution of a well-diversified and risk-adjusted hands-on approach to chartering. With offices in the Unites States and Singapore, our chartering and operation teams work with customers and engage the freight markets 24/7/365 while actively monitoring and operating the Eagle Bulk fleet.
Our technical management strategy is predicated on total goal alignment with the commercial team to maintain our vessels and deliver cargo in a timely, safe and responsible manner -- all while ensuring our vessels are operated using a cost-efficient practice over the long-term. For the last seven years, we have been growing our in-house technical management capabilities and currently manage all of our owned vessels in-house.