1、EAGLEBULKSHIPPINGINC.ANNUALREPORT2007DELIVERINGSUSTAINABLEGROWTHEAGLEBULKSHIPPINGINC.Annual Report 2007EAGLEBULKSHIPPINGINC.,HEADQUARTERED INNEWYORKCITY,IS A LEADING GLOBAL OWNER OFSUPRAMAX DRY BULK VESSELS THATRANGE IN SIZE FROM50,000TO60,000DEADWEIGHT TONS ANDTRANSPORT A BROAD RANGE OF MAJOR AND M
2、INOR BULK CARGOES,INCLUDING IRON ORE,COAL,GRAIN,CEMENT AND FERTILIZER,ALONGWORLDWIDE SHIPPING ROUTES.THROUGHAPRIL2008,EAGLEBULK HAS DECLARED DIVIDENDS OF$191.9MILLION OR$5.10PER SHARE TO OUR SHAREHOLDERS.FINANCIALHIGHLIGHTSIn thousands,except per share200720062005Financial Summary:Revenues$124,815$1
3、04,648$56,066EBITDA(a)99,41882,69543,075Net Income52,24433,8026,653Depreciation and Amortization26,43621,81210,412Net cash from operating activities82,88970,53526,616Vessels,at Depreciated Cost605,245502,142417,582Total Assets1,136,008568,791462,344Shareholders Equity514,971321,576315,793Share and P
4、er Share Data:Basic and Diluted Income per Share$1.24$0.98$0.30Cash Dividend Declared per Share$1.98$2.08$0.54Shares Outstanding at December 31 46,72735,90033,150Diluted Weighted Average Shares Outstanding 42,19634,54421,969Other Data:Number of Vessels(b)531813Average age of On-the-Water Fleet(in ye
5、ars)666Ratio of Net Debt to Total Capitalization41.2%40.9%30.7%(a)As defined in the Companys 2007 Annual Report on Form 10-K(b)Includes vessels contracted for construction1160143TI_Narr_R3 4/12/08 1:21 PM Page 12EXECUTING ONGROWTH,SECURING THEFUTUREWe are committed to building a young,high-qualityfl
6、eet that is optimally aligned with the realities of globaltrade.To that end,we deployed$1.5 billion during2007 to continue to build a fleet consisting almostexclusively of modern Supramax-class vessels,the onlyship type that regularly carries the full spectrum of drybulk commodities.Specifically,our