Sophocles N Zoullas News

Eagle Bulk Shipping Inc. (Nasdaq: EGLE) announce its results for the second quarter ended June 30, 2013. Net reported loss of $3.0 million or $0.18 per share (based on a weighted average of 16,968,750 diluted shares outstanding for the quarter), compared with net loss of $23.1 million, or $1.46 per share, for the comparable quarter of 2012. Net revenues of $44.2 million, compared to $48.5 million for the comparable quarter in 2012. Gross time charter and freight revenues of $45.8 million, compared with $50.5 million for the comparable quarter of 2012.

Eagle Bulk Shipping Inc. million. delivery. Sophocles N. class. market. and borrowings from our $1.6 billion revolving credit facility. revenues in excess of $1 billion.

carriers for $105 million. charter at a rate of $18,750 per day. time charter at a rate of $19,000 per day. $18,500 per day. from the Company's $330 million revolving credit facility. Company's dividend policy. Sophocles N. for today's global trade of dry bulk cargoes. by 24% to 789,750 deadweight tons. half years. from six to eight," Mr. Zoullas concluded.