Eagle Bulk Shipping Inc.

We are thrilled to share that we have officially merged with Star Bulk! As part of this transition, we will no longer be posting on this page. But don't worry, you can continue following our journey by connecting with Star Bulk. A huge thank you to our incredible teams in the US, Singapore, and Denmark offices. Your dedication and hard work have made this merger possible! In the waves of change, we have found our direction. We thank you for your continued support, and we look forward to sailing into the future with you all! Fair winds and following seas!    

We are pleased to announce that our anticipated merger with Star Bulk has been approved!   Please click the link provided below for more information: https://lnkd.in/e8JUZVKq   Highlights: - Approximately 65% of the Company’s outstanding shares were voted in favor of the Merger Proposal. - The Company now expects to complete the merger on or about April 9, 2024, subject to the satisfaction of the remaining closing conditions. - Each share of the Common Stock issued and outstanding immediately prior to the effective time (excluding Common Stock owned by Eagle, Star Bulk, Merger Sub or any of their respective direct or indirect wholly owned subsidiaries) will be cancelled in exchange for the right to receive 2.6211 shares of common stock of Star Bulk, par value $0.01 per share, and any cash payable in respect of fractional shares.

Another successful team building event from our Singapore office! Strengthening bonds, fostering collaboration, and creating unforgettable memories together. Here's to the amazing team spirit that drives us forward! #EGLE #EagleBulk #DryBulk #TeamBuilding

Strong ending to an incredible year!   4Q Highlights: TCE Revenue of $74.8M TCE: $16,169 / day Adj. Net Income of $12.9M Adj. EPS of $1.39   Q4 Dividend: Declared of $0.60 per share Payable on March 21st to shareholders of record as of March 13th    Recent Developments: Converted $34.75 million of Convertible Bond Debt into 1.1 million shares of Common Stock   Executed agreement to sell a 2009-built scrubber-fitted Supramax bulkcarrier (Crested Eagle) for $14.4 million - Sale is expected to close in the second quarter   Executed agreement to sell a 2009-built scrubber-fitted Supramax bulkcarrier (Stellar Eagle) for $14.7 million - Sale is expected to close in the second quarter   Coverage position for the first quarter of 2024 is as follows: 90% of owned available days fixed at an average TCE of $15,000

Appreciating the excellent collaboration at the 2024 Eagle Bulk Officer’s Conference in Manila, Philippines. A special thanks to our team for their productive participation and a heartfelt thank you to the Twin Lakes Hotel for hosting this exceptional event! #EGLE #EagleBulk #DryBulk #Teamwork

Eagle has received certificates and plaques in honor of our 10-year partnership with ChartWorld for six vessels: Petrel Bulker, Kingfisher, Ibis Bulker, Roadrunner Bulker, Jay, and Grebe Bulker. As Chartworld's navigation partner, these vessels will now benefit from premium support for ENC and e-Navigation solutions. We extend our gratitude to Chartworld for their recognition and exceptional service throughout our enduring collaboration. Thank you Capt. Gurtejpal Singh Somal for accepting these awards on behalf of the Eagle Bulk team, and Chartworld’s Kim Moh Lee 李金茂 for presenting our awards for this milestone.

Sending heartfelt wishes for a joyous Lunar New Year!   #EGLE #EagleBulk #LunarNewYear 

At Eagle, we consistently work to guarantee the flawless operation of our fleet, ensuring that every ship runs optimally.   Enjoy this photo of MV Stamford Eagle sporting a sleek new paint job and polished propeller as she prepares to sail out of drydock and back into service.   #EGLE #EagleBulk #Drybulk 

Check this out! Experience the intricate dance of maritime precision as the MV Westport Eagle is guided into the harbor by the assisting tugboats. Excellent ship handling by our first-class crew and local pilots. We appreciate your expertise and commitment to keep the operations running smoothly each day!   #EGLE #EagleBulk #DryBulk

Earlier today, the M/V GIBRALTAR EAGLE was hit by an unidentified projectile while approximately 100 miles offshore in the Gulf of Aden. As a result of the impact, our vessel suffered limited damage to a cargo hold, but is stable and is heading out of the area. All our seafarers onboard the vessel are confirmed to be uninjured. The vessel is carrying a cargo of steel products. We remain in close contact with all relevant authorities concerning this matter.