The average size of our ships has increased. Our operating performance, as represented by EBITDA, was significantly impacted by the market in the second quarter, reflecting the severe weakness in the underlying rate environment. So I'd like to thank everyone for joining us today, and wish everyone a good day. Please note that part of our discussion today will include forward-looking statements. in 2011, Ms.Justin A. Knowles graduated from the University of Edinburgh in 1990 with a MA Hons degree in Accounting and Economics before joining Ernst & Young where he trained and qualified as a Chartered Accountant. So there's additional commitment on time and flexibility and cost as well. We examined a group of similar sized companies, with market capitalizations of below US$200m. And secondly, I guess, kind of just related to that, can you talk to some of the differences? Is crew changes still extremely difficult and probably harder than where it was, say, a few weeks ago?Yes. And I think it takes a company -- you have to be nimble and be willing to move it last minute and things like that, and we're quarantining crews in advance, and obviously testing and things like that. Prior to founding Day & Partners, LLC. And so we don't move a lot of iron ore, just a couple of percent of our cargo book is iron ore, but it's definitely a positive. Eagle Bulk Shipping, Inc. (NASDAQ:EGLE) Q2 2020 Earnings Conference Call August 07, 2020, 08:00 ET Company Participants Gary Vogel - CEO & Director Frank De Costanzo - …

The decrease was primarily the result of lower OpEx, dry dock costs and G&A, in part offset by an increase in debt principal payments. I mean, no question. I mean, it's a great question. Members of

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Greetings, and welcome to the Eagle Bulk Shipping Second Quarter 2020 Results Conference Call. But if you look at the middle facility or the Shipco LLC, you have $184 million outstanding. And we've always believed that having that balance between the 2 is a real advantage, right, stability, because we're not relying on just 2 markets effectively in terms of iron ore and coal. After that, we will consider the growth in the business. But we're getting it done, but it's not just a one-way street, getting more and more open. And then they mentioned that basically, that window was basically shut and now it's become more complicated. CEO.CA members discuss high-risk penny stocks which can lose their entire value. But long term, I think there's a bias towards the newer ships. As discussed on our last earnings call, we believe the contraction is heavily weighted towards the first half of the year, implying the balance of the year to be in recovery mode. I will now turn the call back to Gary.Thank you, Frank. Let's now turn to Slide 10 for an overview of our balance sheet and liquidity. But even today, we're seeing October FFA is trading above $11,000. To put this into perspective, this equates to about $37 million of incremental EBITDA as compared with earnings just index rates.Please turn to Slide 6. The chart on the bottom-half of the slide displays the changes in the company's cash for the first 6 months of 2020.Let's now review Slide 13 for our cash breakeven per ship per day. I think it's important to note that scrapping was down significantly quarter-on-quarter as the outbreak of COVID-19 led to all of the major ship-breaking nations suspending operations. But as I talked about in my prepared remarks, we've generated over $20 million thus far. Real-time discussion about Eagle Bulk Shipping Inc. (EGLE) on CEO.CA, an investment chat community for Canada's small cap markets If we're looking at a smaller fleet available to trade that market we may end up having a tighter situation than currently.Yes. And as of today, our outperformance versus the index is almost $2,000 per ship per day over that period. So we feel good about the direction and the fundamentals behind it that are leading it. He started his career with Van Ommeren Shipping, a Dutch public shipping and storage company after which he joined DVB bank as a shipping banker working in both Rotterdam and Piraeus.Gary Weston has served as a Director of the Company since November 2014 and is the Chairman of the Company’s Compensation Committee.

And we're looking towards, hopefully, a cash build as we get into the fourth quarter.Absolutely. It was LIBOR plus 250. Gary Vogel, Eagle Bulk’s CEO, commented, “Over the years, we have developed and expanded on various ESG-related initiatives which I believe have made Eagle a better corporate citizen. I just wanted to ask just to get a sense. Eagle Bulk Shipping is a US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities. I'd like to welcome everyone to Eagle Bulk's Second Quarter 2020 Earnings Call.

This recovery reflects a normalization in trade demand and the general easing of port and trade restrictions.In addition, the market has been further supported in recent months by a robust grain trade. At this time, I am showing no further questions. You mentioned the grains have been much more promising and -- or at least more consistent. And as China started to come back online and the rest of the world started to enact its own port and trade restrictions, the ratio flipped the other way in Q2. Eagle Bulk Shipping zählt zum Segment "Marine". The single most important factor in a company's success is the team that's leading the company.