1、Eagle Bulk Shipping Inc.Eagle Bulk Shipping Inc.Annual Report 2010 Eagle Bulk Shipping Inc.Annual Report 2010In thousands,except per share 2010 2009 2008Financial Summary:Revenues$265,036$192,574$185,425EBITDA(a)148,663121,239127,683NetIncome26,84533,28761,633DepreciationandAmortization62,94544,3293
2、3,949Netcashfromoperatingactivities94,34090,525109,536Vessels,atDepreciatedCost1,509,7981,010,610874,675TotalAssets1,896,5731,608,2031,362,176ShareholdersEquity669,087619,729471,427Share and Per Share Data:BasicIncomeperShare$0.43$0.60$1.32DilutedIncomeperShare$0.43$0.60$1.31CashDividendDeclaredperS
3、hare$2.00SharesOutstandingatDecember3162,56062,12747,031DilutedWeightedAverageSharesOutstanding62,41755,92346,889Other Data:NumberofVessels(b)464747AverageageofOn-the-WaterFleet(inyears)566(a)AsdefinedintheCompanys2010AnnualReportonForm10-K(b)IncludesvesselscontractedforconstructionEagle Bulk Shippi
4、ng 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 shipping routes.Financ
5、ial HighlightsTo Our Shareholders:2010 was a transformational year for Eagle Bulk Shipping,as we grew our fleet by 46%amid ongoing volatility in the global shipping markets.Throughout,we maintained the hallmarks of our five years as a public company:stellar operating performance;profitability;and th
6、e continued build-out of the Eagle Bulk brand as among the finest in the dry bulk sector of the shipping industry.I am proud to share the following highlights from our performance during the past year:Gross time charter and freight revenues of$278.5 million.Fleet utilization rate was unchanged at 99