Eagle Bulk Shipping Inc. - EGLE STOCK NEWS

Eagle Bulk Shipping Inc. (NYSE: EGLE) announced that it will report its financial results for Q1 2023 on May 4, 2023, after market close. A conference call to discuss these results and market updates will occur on May 5, 2023, at 8:00 a.m. ET. Investors can access a live webcast on the Company's Investor Relations page. Eagle Bulk is a US-based shipowner-operator focusing on midsize drybulk vessels, leveraging an active management approach to optimize fleet revenue. The company operates one of the largest fleets of Supramax and Ultramax vessels globally, with strategic management services conducted in-house.

Eagle Bulk Shipping reported record net income of $248 million for the year ended December 31, 2022, a significant increase from $184.9 million in 2021. The fourth quarter saw revenues of $151.4 million with net income of $23.3 million, or $1.79 per share. The company declared a quarterly dividend of $0.60 per share, totaling $10.65 distributed since adopting a capital allocation strategy. Key developments include the acquisition of three high-specification Ultramaxes and the completion of its fleet renewal program. Despite a challenging rate environment, Eagle remains optimistic about market fundamentals due to a low order book.

Eagle Bulk Shipping Inc. (NYSE: EGLE) announced it will report its fourth-quarter financial results for the period ending December 31, 2022, on March 2, 2023, after market close. The senior management team will host a conference call on March 3, 2023, at 8:00 a.m. ET to discuss the results and provide market updates. Investors can access the live webcast on the company's Investor Relations page. Eagle Bulk Shipping is a major player in the midsize drybulk vessel segment, possessing one of the largest fleets of Supramax and Ultramax vessels.

Eagle Bulk Shipping has appointed A. Kate Blankenship to its Board of Directors, effective January 18, 2023. Blankenship is a member of the Institute of Chartered Accountants in England and Wales and has held senior management positions in various shipping and energy companies, including Frontline and Golar LNG. Chairman Paul Leand highlighted her extensive strategic and governance experience, expecting that her insight will drive the business forward and enhance stakeholder value. Eagle Bulk Shipping is a prominent player in the midsize drybulk vessel segment, focused on optimizing revenue through active management of its fleet.

Eagle Bulk Shipping (NYSE: EGLE) announced the acquisition of a high-specification Ultramax bulkcarrier for USD 24.3 million, reinforcing its growth strategy. The vessel, built in 2015 at Chengxi Shipyard, will be renamed M/V Gibraltar Eagle, with delivery expected in Q1 2023. This purchase aims to improve Eagle's fleet composition by enhancing age profile, increasing cargo capacity, and reducing emissions. Following this transaction, the fleet will include 54 ships with an average age of 9.5 years.

Eagle Bulk Shipping Inc. has successfully transferred its stock listing to the New York Stock Exchange (NYSE) from the Nasdaq Global Select Market.

The shares will begin trading on the NYSE under the existing ticker symbol EGLE starting January 4, 2023. This transition marks a significant milestone for Eagle, known for its robust fleet in the midsize drybulk vessel sector, catering to a diverse clientele worldwide. The company is headquartered in Stamford, Connecticut, and maintains offices in Singapore and Copenhagen.

Intercontinental Exchange (NYSE: ICE) announced that Eagle Bulk Shipping Inc. (NYSE: EGLE) has officially transferred its listing and commenced trading on the NYSE. This transition enables Eagle Bulk to access the NYSE's advanced market model, enhancing trading liquidity and brand visibility. CEO Gary Vogel expressed optimism about the listing, stating it aligns Eagle Bulk with leading maritime peers and can increase shareholder value. Notably, the NYSE has experienced a significant uptick in listing transfers, with over $1 trillion in market value since 2000.

Eagle Bulk Shipping (NASDAQ: EGLE) is set to transfer its stock listing from Nasdaq to the New York Stock Exchange (NYSE) on January 4, 2023. The company's shares will continue trading on Nasdaq until January 3. CEO Gary Vogel expressed excitement, highlighting that the NYSE listing is expected to enhance trading liquidity and elevate the company's status among U.S.-listed maritime peers. The move aims to maximize shareholder value and improve overall market standing.