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Eagle Bulk Shipping Inc

 
Hoover's Profile:

Eagle Bulk Shipping Inc.

(NASDAQ (GS):EGLE)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Eagle Bulk Shipping Inc.
477 Madison Ave., Ste. 1405
New York, NY 10022
NY Tel. 212-785-2500
Fax 212-785-3311

Type: Public
On the web: http://www.eagleships.com
Employees: 495
Employee growth: 27.9%

Some eagles soar through the skies, but Eagle Bulk Shipping rides the waves. The company owns a fleet of about 20 Handymax dry bulk carriers that it charters to customers, typically on one- to three-year contracts. Most of its vessels are classified as Supramaxes -- large Handymaxes, essentially. The Supramaxes range in capacity from 50,000 to 60,000 deadweight tons (DWT) and feature on-board cranes for cargo loading and unloading. Overall, the company's fleet has a carrying capacity of more than 1.1 million DWT. Cargo carried by charterers of Eagle Bulk Shipping's vessels includes cement, coal, fertilizer, grain, and iron ore.

Key numbers for fiscal year ending December, 2008:
Sales: $185.4M
One year growth: 48.6%
Net income: $61.6M
Income growth: 18.0%

Officers:
Chairman and CEO: Sophocles N. Zoullas
COO, Eagle Shipping International (USA): Claude G. Thouret Jr.
CFO and Secretary: Alan S. Ginsberg

Competitors:
DryShips Inc.
Excel Maritime Carriers
Genco Shipping and Trading

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