The low numbers of bulker newbuildings bode well for the future, as supply is expected to be kept tight, with owners’ focus being container and LNG ships. In its latest weekly report, shipbroker Intermodal noted that “the newbuilding market activity has been significantly positive from a dry bulk owner perspective during the first half of .
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Eagle Bulk Shipping Inc. (NASDAQ:NASDAQ:EGLE) Q1 2022 Results Earnings Conference Call May 06, 2022, 08:00 AM ET Company Participants Gary Vogel - Chief Executive Officer Frank De Costanzo.
Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the midsize drybulk vessel segment, reported financial results for the quarter ended March 31, 2022. Quarter highlights: Generated Revenues, net of $184.4 million Achieved TCE(1) of $27,407/day basis TCE Revenue(1) of $121.6 million Realized net income of $53.1 million, or $4.09 per basic share .
Dry bulk carrier Eagle Bulk increased revenue by 91% in the first quarter, in which the profit was considerably higher than last year. Trade patterns have changed in the wake of the Ukraine war.