Eagle Bulk Shipping
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Eagle Bulk Shipping - overview
Established
2005
Location
New York, NY, US
Primary Industry
Logistics & Distribution
About
Eagle Bulk Shipping is a prominent global maritime logistics provider, specializing in the transportation of bulk commodities via its extensive fleet of dry bulk carriers. Founded in 2005, Eagle Bulk Shipping is based in New York, US, and operates in the dry bulk shipping sector. The company has executed 5 deals, with its most recent deal on June 22, 2023, marking an IPO where it raised USD 250. 00 mn, which constitutes the total amount raised.
The leadership team includes CEO Bernt Pedersen, along with Gary Vogel, Rajesh Rajendran, and Steven Ironside. Eagle Bulk Shipping provides comprehensive seaborne transportation solutions tailored to the dry bulk sector. Their fleet of 150 vessels, including Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax classes, efficiently transports major bulk commodities such as iron ore and grain, as well as minor bulk goods like fertilizers. The company caters to a diverse clientele across Asia, Europe, and the Americas, facilitating essential logistics for industries reliant on bulk materials.
In 2023, Eagle Bulk Shipping generated revenue of USD 393. 8 mn and achieved an EBITDA of USD 106. 92 mn. The company’s revenue primarily stems from long-term charters and spot agreements with clients ranging from commodity traders to industrial manufacturers, with pricing influenced by market dynamics.
Moving forward, Eagle Bulk Shipping aims to expand its operations by launching new shipping services and exploring opportunities in emerging markets. Recent funding from the IPO will be strategically allocated to enhance its fleet and infrastructure, supporting its growth initiatives. The exit of Oaktree Capital Management in June 2022 reflects a shift in ownership structure, potentially influencing future strategic decisions.
Current Investors
Oaktree Capital Management
Primary Industry
Logistics & Distribution
Sub Industries
Equipment Rental & Leasing, Dermatology, Logistics & Distribution
Website
http://www.eagleships.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Eagle Bulk Shipping - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Eagle Bulk Shipping | - | ||||||||
| Trade Sale | Completed | MV Stonington Eagle Vessel | - | ||||||||
| Restructuring | Completed | Eagle Bulk Shipping | - | ||||||||
| Bankruptcy/Write-off | Completed | Eagle Bulk Shipping | - | ||||||||
| IPO | Completed | Eagle Bulk Shipping | - |
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