Eagle Bulk Shipping

What Eagle Bulk Shipping does

Eagle Bulk Shipping Inc. was a US-based dry bulk shipping company founded in 2005 and headquartered in New York. Historically the largest US-based owner of Handymax dry bulk vessels, the company provided worldwide seaborne transportation of major bulks (iron ore, minerals, grain) and minor bulks (bauxite, fertilizers, steel products). Its customer base comprised mining companies, steel producers, agricultural commodity traders, and industrial manufacturers, served through time charter and voyage charter contracts negotiated directly with commodity producers, trading houses, and shipping brokers.

The company operated a fleet of Supramax to Newcastlemax class vessels. Following its April 2024 acquisition by Greece-based Star Bulk Carriers Corp. for $2.1 billion, Eagle Bulk ceased to operate as an independent publicly traded entity (previously NASDAQ: EGLE) and became a subsidiary within Star Bulk's consolidated fleet. The combined Star Bulk fleet now comprises 141 owned vessels with aggregate capacity exceeding 14.0 million DWT, spanning Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, Ultramax, and Supramax classes with carrying capacities between 55,569 and 209,537 DWT. Revenue mechanics are driven by charter rates (both time and voyage charter), which fluctuate based on vessel class, route, duration, and prevailing dry bulk market conditions rather than fixed pricing.

As an absorbed subsidiary within Star Bulk's operating structure, Eagle Bulk no longer publishes standalone financials or maintains independent corporate governance. Its vessels now contribute to Star Bulk's broader operational platform, which leverages scale across vessel management, fuel procurement, and charter negotiations across global shipping routes connecting commodity producers in Asia-Pacific, Europe, and the Americas.

Name

Eagle Bulk Shipping

Legal name

Eagle Bulk Shipping Inc.

Website

https://eagleships.com

Company type

Private

Founded year

2005

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

Eagle Bulk Shipping was a US-based dry bulk shipping company and largest owner of Handymax vessels, transporting iron ore, grain, minerals, and other commodities globally. Acquired by Star Bulk Carriers in April 2024 for $2.1 billion, it now operates as a private subsidiary.

Ownership category

akta.pro rank

Product category

Dry Bulk Shipping Services

NAICS

Deep Sea Freight Transportation (483111), Deep Sea, Coastal, and Great Lakes Water Transportation (48311)

SIC

Deep Sea Foreign Transportation Of Freight (4412)

akta.pro industry

PRIMARYTLADABAC

Bulk Dry Cargo Carriers (Capesize/Panamax/Supramax/Handysize)

Transportation & Logistics/Freight Transportation (Air, Maritime, Rail, Trucking)/Ocean Freight Carriers (Container, Bulk, Tanker)

SECONDARYTLADAKAA

Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize)

Transportation & Logistics/Freight Transportation (Air, Maritime, Rail, Trucking)/Dry Bulk & Commodities Freight Transport

SECONDARYTLAHABAN

Bulk Transloading & Intermodal Bulk Transfer Facilities (Rail/Truck/Conveyor/Barge)

Transportation & Logistics/Ports, Terminals & Maritime Services/Bulk Cargo Terminals (Dry & Liquid Bulk)

Keywords

• Dry bulk shipping
• Seaborne transportation
• Handymax vessels
• Charter services
• Bulk cargo transport

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Others

Distribution channels1 record

Core offering

Eagle Bulk Shipping provides worldwide seaborne transportation of dry bulk commodities through its owned fleet of vessels. The company transports major bulks including iron ore, minerals, and grain, as well as minor bulks including bauxite, fertilizers, and steel products. Its fleet ranges from Supramax to Newcastlemax vessels, offering transport capacity to mining companies, steel producers, agricultural commodity traders, and industrial manufacturers under time and voyage charter arrangements.

Differentiator

Problem solved

Functional benefit

Products and services

• Dry Bulk Seaborne Transportation
• Time Charter Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Star Bulk Carriers Corp.coreStrategic or Co-development PartnerStar Bulk Carriers Corp., a Greece-based global shipping company, acquired Eagle Bulk Shipping Inc. in April 2024 for $2.1 billion. The acquisition strengthened Star Bulk's fleet capacity and operational efficiency in the dry bulk sector, combining Eagle Bulk's vessel fleet with Star Bulk's existing operations to create one of the largest dry bulk shipping companies globally.

Scale indicators1 record

Recent moves1 record

Direct peers

• Star Bulk Carriers Corp. Acquirer of Eagle Bulk and operator of the combined 141-vessel dry bulk fleet. Operates the same Newcastlemax-through-Supramax vessel classes across identical dry bulk commodity flows (iron ore, grain, bauxite, fertilizers), making it the closest functional and strategic peer.
• Genco Shipping & Trading Limited: US-listed pure-play dry bulk owner operating Capesize, Ultramax, and Supramax vessels transporting iron ore, coal, grain, and minor bulks globally. Highly comparable in fleet composition, customer base, and listing geography to Eagle Bulk's pre-acquisition profile.
• Diana Shipping Inc. Global dry bulk owner with a fleet of Capesize, Kamsarmax, Panamax, and Ultramax vessels serving the same commodity trades (iron ore, coal, grain). Star Bulk is acquiring 16 of its vessels, underscoring direct comparability on vessel classes and customer profile.
• Safe Bulkers Inc. Dry bulk shipowner operating Panamax, Kamsarmax, Post-Panamax, and Capesize vessels transporting coal, grain, iron ore, and minor bulks. Closely comparable vessel mix and global chartering model to Eagle Bulk's pre-acquisition fleet.
• Golden Ocean Group Limited: John Fredriksen-controlled dry bulk owner with a large fleet of Capesize and Panamax vessels. Competes directly for the same iron ore, coal, and grain charter flows that Eagle Bulk's vessels historically served.
• Pangaea Logistics Solutions Ltd. Dry bulk and ice-class vessel operator specializing in niche bulk trades (specialized minor bulks, project cargo). Comparable in business model (charter-based seaborne dry bulk) though tilted toward smaller / specialized vessel classes.
• Eurodry Ltd: Greek-based dry bulk owner operating Kamsarmax, Panamax, Ultramax, and Supramax vessels across the same dry bulk trades. Highly comparable vessel class mix and customer overlap with Eagle Bulk's pre-acquisition Supramax/Handymax focus.
• Seanergy Maritime Holdings Corp. Pure-play Capesize dry bulk owner listed in the US, transporting iron ore and coal globally. Comparable on charter-based dry bulk model and US listing profile, though skewed toward larger vessel classes.

Regional players

• Grindrod Shipping Holdings Ltd: Dry bulk and product tanker owner with a strong regional focus on Africa-related trade flows. Operates supramax/ultramax handysize bulk carriers serving similar commodities but with geographic concentration that differentiates it from Eagle Bulk's global deployment.

Broad incumbents

• Navios Maritime Partners L.P. Diversified Greek-based shipping partnership with exposure across dry bulk, containerships, and bulkers. Operates in the same dry bulk markets but with a broader vessel portfolio than Eagle Bulk's pure-play mid-size dry bulk focus.

Market position

Strengths4 records

Weaknesses4 records

Key risks2 records

Key highlights6 records

Customer concentration

• Xx.com/eaglebulk
• LinkedInlinkedin.com/company/eagle-bulk-shipping-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eagle Bulk Shipping