1、EAglE Bulk ShIppINg INc.ANNuAl REpoRt 2012In thousands,except per share 2012 2011 2010Financial Summary:Revenues$190,811$313,432$265,036EBITDA(a)46,034 108,853 148,663Net Income(Loss)(102,801)(14,820)26,845Depreciation and Amortization 77,588 73,084 62,945 Net cash from operating activities 4,778 58
2、,296 94,340 Vessels,at Depreciated Cost 1,714,308 1,789,381 1,509,798Total Assets 1,789,144 1,867,257 1,896,573Shareholders Equity 594,195 674,176 669,087Share and Per Share Data:Basic Income(Loss)per Share$(6.30)$(0.95)$1.73Diluted Income(Loss)per Share$(6.30)$(0.95)$1.72Shares Outstanding at Decem
3、ber 31 16,328 15,655 15,551Diluted Weighted Average Shares Outstanding 16,328 15,655 15,604 Other Data:Number of Vessels 45 45 46Average age of Fleet(in years)6 5 5 (a)As defined in the Companys 2012 Annual Report on Form 10-KEagle Bulk Shipping Inc.,headquartered in New York city,is a leading globa
4、l owner of Supramax dry bulk vessels that range in size from 50,000 to 60,000 deadweight tons.We transport a broad range of major and minor bulk cargoes,including iron ore,coal,grain,cement and fertilizer,along worldwide shipping routes.Financial highlights EAGLE BULK SHIPPING INC.ANNUAL REPORT 2012
5、 This page is intentionally left blank.To Our Shareholders:Eagle Bulks 2012 performance reflected ongoing challenges in the global dry bulk market,as characterized by freight market weakness due to both persistent high vessel supply growth and global economic sluggishness.Throughout the year,the Com
6、pany sought to manage through these adverse conditions with an opportunistic and dynamic approach to chartering,utilizing a mixture of long-term time charters,short-term voyages,and index charters.Moreover,we are pleased to have made notable progress achieving operational efficiencies that,we believ