Private company

Eagle Bulk Shipping Inc.

Eagle Bulk Shipping Inc. is a Deep Sea Foreign Transportation of Freight company based in Stamford.1

Last updated Oct 20, 2026.

Overview

  • IndustryDeep Sea Foreign Transportation of Freight1
  • HeadquartersStamford, Connecticut1
  • Business address300 First Stamford Place, 5Th Floor, Stamford, Ct 069022
  • Filer categoryAccelerated filer2

The Company is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to a diverse group of customers including miners, producers, traders and end users. Headquartered in Stamford, Connecticut, with offices in Singapore and Copenhagen, the Company focuses exclusively on the versatile midsize drybulk vessel segment and owns one of the largest fleets of Supramax/Ultramax vessels in the world. The Company performs all management services in-house (strategic, commercial, operational, technical, and administrative) and employs an active management approach to fleet trading with the objective of optimizing revenue performance and maximizing earnings on a risk-managed basis. Typical cargoes we transport include both major bulk cargoes, such as iron ore, coal and grain and minor bulk cargoes such as fertilizer, steel products, petcoke and cement.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

9.6%Operating margin5
5.8%Net margin5
-45.3%Revenue growth, 20235
3.8%Return on equity5
0.55×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs88¢$347.5M
  • Interest6¢$23.6M
  • Profit6¢$22.7M

Out of $393.8M in revenue.5

Where each dollar of operating cash went, fiscal 2023

  • Dividends paid7¢$16.8M
  • Share buybacks93¢$222.9M

Out of $55.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue67895$393.8M in 2023+66% since 2017
0$200.0M$400.0M$600.0M$800.0M2017: $236.8M$236.8M20172018: $310.1M$310.1M2018+31%2019: $292.4M$292.4M2019−6%2020: $275.1M$275.1M2020−6%2021: $594.5M$594.5M2021+116%2022: $719.8M$719.8M2022+21%2023: $393.8M$393.8M2023−45%
Operating income67895$37.7M in 2023
-$100.0M0$100.0M$200.0M$300.0M2017: -$140.1K-$140.1K20172018: $37.6M$37.6M20182019: $9.4M$9.4M2019−75%2020: -$4.8M-$4.8M20202021: $261.4M$261.4M20212022: $252.4M$252.4M2022−3%2023: $37.7M$37.7M2023−85%
Net income67895$22.7M in 2023
-$100.0M0$100.0M$200.0M$300.0M2017: -$43.8M-$43.8M20172018: $12.6M$12.6M20182019: -$21.7M-$21.7M20192020: -$35.1M-$35.1M2020+62%2021: $184.9M$184.9M20212022: $248.0M$248.0M2022+34%2023: $22.7M$22.7M2023−91%
Fiscal year2017201820192020202120222023
Revenue$236.8M6$310.1M7$292.4M8$275.1M9$594.5M9$719.8M9$393.8M5
Operating expenses$333.1M5$467.5M5$356.1M5
Operating income-$140.1K6$37.6M7$9.4M8-$4.8M9$261.4M5$252.4M5$37.7M5
Interest$29.4M6$25.7M7$30.6M8$35.4M9$32.3M5$17.0M5$23.6M5
Income tax
Net income-$43.8M6$12.6M7-$21.7M8-$35.1M9$184.9M5$248.0M5$22.7M5
Earnings per share-$0.636$1.257-$2.138-$3.409$14.915$19.095$2.055
Earnings per share (diluted)-$0.636$1.237-$2.138-$3.409$11.795$15.575$1.965
Shares (weighted, basic)12.4M shares513.0M shares511.1M shares5
Shares (weighted, diluted)15.7M shares516.3M shares514.5M shares5

Compare Eagle Bulk Shipping Inc. with another company

Corporate structure

Eagle Bulk Shipping Inc. sits at the top of its group. 71 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Eagle Bulk Shipping Inc.

  • LAZARD ASSET MANAGEMENT LLC Filed SCHEDULE 13G on Eagle Bulk Shipping Inc., latest Nov 14, 2024 (5 filings since Mar 8, 2023)
  • Walleye Capital LLC Filed SC 13G/A on Eagle Bulk Shipping Inc., latest Feb 20, 2024 (2 filings since Feb 14, 2024)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on Eagle Bulk Shipping Inc., latest Feb 9, 2024 (2 filings since Feb 10, 2023)
  • Oaktree Capital Group Holdings GP, LLC Filed SC 13G on Eagle Bulk Shipping Inc., latest Feb 8, 2024
  • Brookfield OCM Holdings, LLC Filed SC 13D/A on Eagle Bulk Shipping Inc., latest Jun 23, 2023 (2 filings since Jan 13, 2023)
  • FMR LLC Filed SC 13G/A on Eagle Bulk Shipping Inc., latest Feb 9, 2023 (2 filings since Feb 9, 2022)
  • Pilgrim Global ICAV Filed SC 13G/A on Eagle Bulk Shipping Inc., latest Feb 11, 2022
  • GOLDENTREE ASSET MANAGEMENT LP Filed SC 13D/A on Eagle Bulk Shipping Inc., latest Oct 6, 2021
  • Eagle Bulk Shipping Inc. Stamford, Connecticut
    • Antwerp Eagle LLC Subsidiary · Marshall Islands
    • Avocet Shipping LLC Subsidiary · Marshall Islands
    • Bittern Shipping LLC Subsidiary · Marshall Islands
    • Canary Shipping LLC Subsidiary · Marshall Islands
    • Cape Town Eagle LLC Subsidiary · Marshall Islands
    • Cardinal Shipping LLC Subsidiary · Marshall Islands
    • Copenhagen Eagle LLC Subsidiary · Marshall Islands
    • Crane Shipping LLC Subsidiary · Marshall Islands
    • Crested Eagle Shipping LLC Subsidiary · Marshall Islands
    • Crowned Eagle Shipping LLC Subsidiary · Marshall Islands
    • Dublin Eagle LLC Subsidiary · Marshall Islands
    • Eagle Bulk Delaware LLC Subsidiary · Delaware, United States
    • Eagle Bulk Europe A/S Subsidiary · Denmark
    • Eagle Bulk Holdco LLC Subsidiary · Marshall Islands
    • Eagle Bulk Management LLC Subsidiary · Marshall Islands
    • Eagle Bulk Pte. Ltd. Subsidiary · Singapore
    • Eagle Bulk Ship Management (Singapore) Pte. Ltd. Subsidiary · Singapore
    • Eagle Bulk Shipco LLC Subsidiary · Marshall Islands
    • Eagle Bulk Ultraco LLC Subsidiary · Marshall Islands
    • Eagle Ship Management LLC Subsidiary · Delaware, United States
    • Eagle Shipping International (USA) LLC Subsidiary · Marshall Islands
    • Egret Shipping LLC Subsidiary · Marshall Islands
    • Fairfield Eagle LLC Subsidiary · Marshall Islands
    • Gannet Shipping LLC Subsidiary · Marshall Islands
    • Gibraltar Eagle LLC Subsidiary · Marshall Islands
    • and 45 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Eagle Bulk Shipping Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$301.7M5 Dec 31, 2023$261.7M5 Dec 31, 2022+15.3%
Property and equipment, net$1.1M5 Dec 31, 2023$310.0K5 Dec 31, 2022+250.3%
Operating-lease assets (leased space)$7.2M5 Dec 31, 2023$23.0M5 Dec 31, 2022−68.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$118.6M5 Dec 31, 2023$187.2M5 Dec 31, 2022−36.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$25.0M5 Dec 31, 2023$28.1M5 Dec 31, 2022−11.0%

Leadership

Who has led Eagle Bulk Shipping Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (20)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Antwerp Eagle LLC Marshall Islands3
  • Avocet Shipping LLC Marshall Islands3
  • Bittern Shipping LLC Marshall Islands3
  • Canary Shipping LLC Marshall Islands3
  • Cape Town Eagle LLC Marshall Islands3
  • Cardinal Shipping LLC Marshall Islands3
  • Copenhagen Eagle LLC Marshall Islands3
  • Crane Shipping LLC Marshall Islands3
  • Crested Eagle Shipping LLC Marshall Islands3
  • Crowned Eagle Shipping LLC Marshall Islands3
  • Dublin Eagle LLC Marshall Islands3
  • Eagle Bulk Delaware LLC Delaware3
  • Eagle Bulk Europe A/S Denmark3
  • Eagle Bulk Holdco LLC Marshall Islands3
  • Eagle Bulk Management LLC Marshall Islands3
  • Eagle Bulk Pte. Ltd. Singapore3
  • Eagle Bulk Ship Management (Singapore) Pte. Ltd. Singapore3
  • Eagle Bulk Shipco LLC Marshall Islands3
  • Eagle Bulk Ultraco LLC Marshall Islands3
  • Eagle Ship Management LLC Delaware3
  • Eagle Shipping International (USA) LLC Marshall Islands3
  • Egret Shipping LLC Marshall Islands3
  • Fairfield Eagle LLC Marshall Islands3
  • Gannet Shipping LLC Marshall Islands3
All 70 listed subsidiaries
  • Gibraltar Eagle LLC Marshall Islands3
  • Golden Eagle Shipping LLC Marshall Islands3
  • Grebe Shipping LLC Marshall Islands3
  • Greenwich Eagle LLC Marshall Islands3
  • Groton Eagle LLC Marshall Islands3
  • Halifax Eagle LLC Marshall Islands3
  • Hamburg Eagle LLC Marshall Islands3
  • Helsinki Eagle LLC Marshall Islands3
  • Hong Kong Eagle LLC Marshall Islands3
  • Ibis Shipping LLC Marshall Islands3
  • Imperial Eagle Shipping LLC Marshall Islands3
  • Jaeger Shipping LLC Marshall Islands3
  • Jay Shipping LLC Marshall Islands3
  • Kingfisher Shipping LLC Marshall Islands3
  • Madison Eagle LLC Marshall Islands3
  • Martin Shipping LLC Marshall Islands3
  • Montauk Eagle LLC Marshall Islands3
  • Mystic Eagle LLC Marshall Islands3
  • New London Eagle LLC Marshall Islands3
  • Newport Eagle LLC Marshall Islands3
  • Nighthawk Shipping LLC Marshall Islands3
  • Oriole Shipping LLC Marshall Islands3
  • Oslo Eagle LLC Marshall Islands3
  • Owl Shipping LLC Marshall Islands3
  • Petrel Shipping LLC Marshall Islands3
  • Puffin Shipping LLC Marshall Islands3
  • Roadrunner Shipping LLC Marshall Islands3
  • Rotterdam Eagle LLC Marshall Islands3
  • Rowayton Eagle LLC Marshall Islands3
  • Sandpiper Shipping LLC Marshall Islands3
  • Sankaty Eagle LLC Marshall Islands3
  • Santos Eagle LLC Marshall Islands3
  • Shanghai Eagle LLC Marshall Islands3
  • Singapore Eagle LLC Marshall Islands3
  • Skua Shipping LLC Marshall Islands3
  • Southport Eagle LLC Marshall Islands3
  • Stamford Eagle LLC Marshall Islands3
  • Stellar Eagle Shipping LLC Marshall Islands3
  • Stockholm Eagle LLC Marshall Islands3
  • Stonington Eagle LLC Marshall Islands3
  • Sydney Eagle LLC Marshall Islands3
  • Tern Shipping LLC Marshall Islands3
  • Tokyo Eagle LLC Marshall Islands3
  • Valencia Eagle LLC Marshall Islands3
  • Vancouver Eagle LLC Marshall Islands3
  • Westport Eagle LLC Marshall Islands3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Apr 9, 20248-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation36
  2. Apr 5, 20248-K Shareholder vote; Regulation FD disclosure37
  3. Mar 1, 20248-K Results of operations38
  4. Jan 18, 20248-K Executive or director change39
  5. Dec 14, 20238-K Entered a material agreement; Executive or director change40
  6. Dec 11, 20238-K Other events41
  7. Nov 2, 20238-K Results of operations42
  8. Aug 7, 20238-K Regulation FD disclosure43
  9. Aug 3, 20238-K Results of operations44
  10. Jun 30, 20238-K Regulation FD disclosure45
  11. Jun 23, 20238-K Entered a material agreement; New debt or obligation; Change to shareholders' rights46
  12. Jun 16, 20238-K Shareholder vote47
  13. Sep 2, 2015New chief executive Gary Vogel becomes CEO13
  14. Jan 10, 2007New chief executive Sophocles N. Zoullas becomes CEO14

Calendar

When it reported results

  1. Mar 1, 2024Reported quarterly or annual results38
  2. Nov 2, 2023Reported quarterly or annual results42
  3. Aug 3, 2023Reported quarterly or annual results44
  4. May 4, 2023Reported quarterly or annual results48
  5. Mar 2, 2023Reported quarterly or annual results49
  6. Nov 3, 2022Reported quarterly or annual results50
  7. Aug 4, 2022Reported quarterly or annual results51
  8. May 5, 2022Reported quarterly or annual results52

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

160 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 33 major events, 63 insider forms, 19 large holders, 35 other. The latest 20:

  1. Nov 14, 2024SCHEDULE 13G EDGAR
  2. Apr 22, 202415-12G CERTIFICATION AND NOTICE OF TERMINATION EDGAR
  3. Apr 19, 2024EFFECT EDGAR
  4. Apr 18, 2024POS AM POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
  5. Apr 11, 20244 EDGAR
  6. Apr 11, 20244 EDGAR
  7. Apr 11, 20244 EDGAR
  8. Apr 11, 20244 EDGAR
  9. Apr 11, 20244 EDGAR
  10. Apr 11, 20244 EDGAR
  11. Apr 11, 20244 EDGAR
  12. Apr 9, 2024S-8 POS EDGAR
  13. Apr 9, 2024S-3DPOS EDGAR
  14. Apr 9, 20248-K EDGAR
  15. Apr 5, 20248-K EDGAR
  16. Apr 5, 20244 EDGAR
  17. Mar 20, 2024425 EDGAR
  18. Mar 4, 202410-K EDGAR
  19. Mar 4, 2024425 EDGAR
  20. Mar 4, 2024425 EDGAR

The 160 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 6 buys and 12 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 4, 2024Castor Maritime Inc.10% ownerBuy100,000$62.92$6.3MForm 4
Apr 3, 2024Castor Maritime Inc.10% ownerBuy69,635$62.65$4.4MForm 4
Aug 15, 2023Knowles Justin A.DirectorBuy1,450$44.68$64.8KForm 4
Aug 15, 2023Knowles Justin A.DirectorSale1,450$44.27$64.2KForm 4
Jun 23, 2023Vogel GaryChief Executive OfficerSale6,503$50.09$325.7KForm 4
Jun 22, 2023Danaos Corp10% ownerBuy136,622$47.88$6.5MForm 4
Jun 22, 2023BROOKFIELD Corp /ON/10% ownerSale3,781,561$58.00$219.3MForm 4
Jun 20, 2023Danaos Corp10% ownerBuy44,800$45.44$2.0MForm 4
Mar 21, 2023Knowles Justin A.DirectorBuy1,700$47.27$80.4KForm 4
Mar 21, 2023Knowles Justin A.DirectorSale1,700$47.24$80.3KForm 4
Dec 21, 2022Vogel GaryChief Executive OfficerSale15,000$50.79$761.8KForm 4
Jun 6, 2022De Costanzo FrankChief Financial OfficerSale3,022$78.06$235.9KForm 4
May 16, 2022Day Randee EDirectorSale400$67.22$26.9KForm 4
May 13, 2022Day Randee EDirectorSale400$65.22$26.1KForm 4
Apr 19, 2022Vogel GaryChief Executive OfficerSale29,441$67.66$2.0MForm 4
Mar 23, 2022Vogel GaryChief Executive OfficerSale501$64.93$32.5KForm 4
Mar 22, 2022Vogel GaryChief Executive OfficerSale15,000$63.75$956.2KForm 4
Mar 17, 2022Day Randee EDirectorSale1,000$60.49$60.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Eagle Bulk Shipping Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREagle Bulk Shipping Inc.1
  • CIK0001322439
  • Employer ID (EIN)98-04535131
  • Filer statusAccelerated filer1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address300 First Stamford Place, 5Th Floor, Stamford, CT 069021
  • Phone203-276-81001
  • Shares outstanding11,072,851 as of Mar 1, 20245
  • Public float$295.8M as of Jun 30, 20235
  • On EDGAR sinceApr 4, 20051
  • Filings1,032 in all: 8-K (306), 4 (265), 10-Q (56), CORRESP (40), SC 13G/A (33), UPLOAD (33), 3 (32), SC 13D/A (27)1
    All 56 form types

    SC 13G (26), DEF 14A (21), 10-K (19), DEFA14A (16), 424B3 (14), 425 (14), EFFECT (14), S-3 (14), 10-K/A (8), S-1/A (8), 424B7 (7), S-3/A (7), 4/A (6), 424B5 (6), 8-K/A (6), 3/A (4), ARS (4), PRE 14A (4), S-8 (4), 8-A12B (3), SC 13D (3), CERT (2), D (2), NT 10-K (2), PRER14A (2), S-1 (2), 10-Q/A (1), 144 (1), 15-12G (1), 25 (1), 25-NSE (1), 424B1 (1), 424B2 (1), 424B4 (1), 8-A12B/A (1), 8-A12G (1), DEFM14A (1), FWP (1), IRANNOTICE (1), POS AM (1), POSASR (1), REGDEX/A (1), RW (1), S-3ASR (1), S-3DPOS (1), S-3MEF (1), S-8 POS (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 4, 2024
    Quarterly report (10-Q) Nov 3, 2023
    Proxy statement (DEF 14A) Apr 27, 2023
    Latest 8-K (8-K) Apr 9, 2024

Sources

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    SEC EDGAROther events
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