1、 Eagle Bulk Shipping Inc.Annual Report 2009In thousands,except per share 2009 2008 2007Financial Summary:Revenues$192,574$185,425$124,815EBITDA(a)121,239 127,683 99,418Net Income 33,287 61,633 52,244Depreciation and Amortization 44,329 33,949 26,436Net cash from operating activities 90,525 109,536 8
2、2,889Vessels,at Depreciated Cost 1,010,610 874,675 605,245Total Assets 1,608,203 1,362,176 1,136,008Shareholders Equity 619,729 471,427 514,971Share and Per Share Data:Basic Income per Share$0.60$1.32$1.24Diluted Income per Share$0.60$1.31$1.24Cash Dividend Declared per Share$2.00$1.98Shares Outstan
3、ding at December 31 62,127 47,031 46,727Diluted Weighted Average Shares Outstanding 55,923 46,889 42,196Other Data:Number of Vessels(b)47 47 53Average age of On-the-Water Fleet(in years)6 6 6(a)As defi ned in the Companys 2009 Annual Report on Form 10-K(b)Includes vessels contracted for construction
4、Eagle Bulk Shipping Inc.,headquartered in New York City,is a leading global 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 shipp
5、ing routes.Financial HighlightsTo Our Shareholders:Last year,I shared my view that our Company despite ongoing headwinds in the global commodities market was poised to solidify our leadership position in the dry bulk shipping market.I am pleased to report that our 2009 performance has validated this
6、 outlook.Eagle Bulk remained profitable for the full year,expanded its fleet,and emerged with increased financial strength and flexibility.Specific 2009 highlights included:Gross time charter revenues of$199.9 million,achieved with a fleet utilization rate of 99.6%.Net income was$33.3 million,or$0.6