Eagle Bulk Shipping Inc. (NASDAQ:EGLE) engages in the ocean transportation of various bulk cargoes worldwide. The company owns a fleet of 45 oceangoing vessels comprised of 43 Supramax and 2 Handymax vessels with a combined carrying capacity of 2,451,259 deadweight tons. Currently, the company has a market capitalization of just under $77 million and an average daily volume of 1.3 million shares. It would be fair to say that the shipping sector has been beaten down for the past few years. However, due a rise in shipment volume of iron ore to China, shipping rates have recently recovered to some…
On This Page
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
