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Management call highlighted global refinancing, variable dividend and buy back program. Catalyst for new capital allocation strategy was the global refinancing. Refinancing of high cost 8.25% bonds and all other debt with a new five-year term $300 million loan and a $100 million revolver saves...
October 4th saw a massive selloff in the shipping industry. This seems to have primarily been in line with broader market trends and short term fluctuations in container rates. Given the season nature of the rate selloff and insulation of many companies from these fluctuations, th...
Call with management today at 8:30am EST to discuss debt refinancing and capital allocation strategy. The call number is 844-282-4411 and code is 3666878. Global refinancing closed sooner than expected. The Eagle Bulk Shipco 8.25% bonds due in November 2022 and all other debt will be refinance...
STAMFORD, Conn., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, announced today th...
Hedging program update. Added FFA losses expected in 3Q2021 operating results. Based on September 30th levels, we expect 3Q2021 FFA hedge losses of ~$10 million, including net realized losses of Read More >>
Small, Greece-based dry bulk shipper's shares sell off following weaker-than-expected second quarter results. Company announces acquisition of an additional, 2015-built Kamsarmax vessel for $28.4 million. Discussing recent equity offerings and updating estimated net asset value pe...
Company's efforts to address its short-term debt issues likely getting support from CEO and Chairman Angeliki Frangou. While remaining a standalone entity has become an option, a merger with former subsidiary Navios Maritime Partners looks like the most likely outcome at this point. ...
Gainers: Li-Cycle (NYSE:LICY) +11%. BEST (NYSE:BEST) +10%. Astronics (NASDAQ:ATRO) +8%. Flux Power (NASDAQ:FLUX) +5%. Losers: Golden Ocean Group Limited (NASDAQ:GOGL) -14%. Xos (NASDAQ:XOSWW) -14%. EuroDry (NASDAQ:EDRY) -14%. Diana Shipping (NYSE:DSX) -12%. Eagle (NASDAQ:EGLE) -12%....
STAMFORD, Conn., Sept. 17, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, today announced t...
Blink Charging (BLNK -0.9%) announced the deployment of 27 charging ports at six locations across Traverse City, Michigan as part of Traverse City Light & Power’s ((TCL&P)) efforts to reduce the City’s carbon footprint. In May, TCL&P was awarded a $173,763 ...
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ATHENS, Greece, May 22, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter of 2024. Unles...
STAMFORD, Conn., April 05, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”) today announced that its shareholders voted in favor of (1) a proposal to approve and authorize the previously announced Agreement and Plan of Merger, d...
STAMFORD, Conn., March 01, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”), one of the world’s largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter and year ...