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Read all the latest news about Eagle Bulk Shipping. ShippingWatch gives you independent, credible, critical and fair news.

Eagle Bulk reports new deficit

US-based shipping company Eagle Bulk defied the weak market conditions in the first quarter and reported a slight profit. This was not the case in the second quarter.

Eagle Bulk to acquire six vessels

Dry bulk shipping company Eagle Bulk is to buy six new ultramax ships, and to prepare, the company will now issue bonds worth over USD 100 million over the next four years.

Eagle Bulk defies dry bulk crisis

Eagle Bulk books a slight profit even though several competitors have reported an unusually tough start to the year. However, revenue as well as profit are down compared to last year.

Dry bulk carriers still believe in 2019 upturn

Although 2019 got off to a rocky start, in part due to January's dam catastrophe in Brazil, several prominent dry bulk shipping companies maintain their belief that the market will improve in the second half of 2019 and in 2020.

Eagle Bulk replaced deficit with profit in 2018

Higher rates and new ships helped boost US-based Eagle Bulk's earnings in the fourth quarter and 2018 overall. The ship operator has replaced a large deficit in 2017 with a positive result this year.

Eagle Bulk expands scrubber investment

Eagle Bulk exercises an option for an additional 15 scrubbers. This brings the shipping company's total number of ships with scrubbers to 34, says the company in a press release.

Eagle Bulk får godkendt finansiering af scrubbere

Det amerikanske tørlastrederi holdt fast i de positive takter og gik frem på både omsætning og bundlinje. Samtidig har obligationsejere godkendt ændringer til et lån, der frigør penge til installation af scrubbers.

Last week's top stories on ShippingWatch

Two bulk operators find themselves in trouble due to the contaminated bunker, which has spread to several major ports. Disappointing results and downgrades for container carriers. Low tanker rates, and DP World, in a surprise move, acquired Denmark's Unifeeder. Read this week's top stories.

Eagle Bulk maintained growth in Q2

Eagle Bulk turned a deficit into a profit in the second quarter due to higher rates in a stronger bulk market. A satisfied CEO points to an improving market.

Eagle Bulk reduced its losses in Q2

US-based dry bulk carrier Eagle Bulk reduced its deficit in the second quarter of the year with a net loss of USD 5.9 million. Revenue more than doubled, shows interim report.

"An industry downturn is exactly what we need"

The dry bulk carriers, sore after several tough years, are becoming increasingly optimistic about the future. But Herman Billung, who recently established dry bulk investor Songa Bulk, praises the slowdown in the sector. "Another six months and we'll be home free," he says.

Eagle Bulk goes red with major impairment

The US-based dry bulk carrier impairs close to USD 123 million on 16 vessels which are planned to be sold in the years to come. This gave the carrier a negative result for the fourth quarter 2016.

The dry bulk carriers lost billions again in 2016

An review of losses across several leading bulk carriers, carried out by Alphabulk, shows that the bulk crisis struck the industry hard again last year. The research firm has also put a figure on total accumulated losses since 2010 – and it is big.

Eagle Bulk buys Ultramax vessels from Norwegian carrier

Listed carrier Eagle Bulk has made a deal with a Norwegian carrier to acquire as many as nine Ultramax vessels for a combined price of USD 153 million. The money comes from the capital expansion Eagle Bulk completed last year.

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