STAMFORD, Conn., May 9, 2022 (GLOBE NEWSWIRE) — Eagle Bulk Shipping Inc. (Nasdaq: EGLE) (“Eagle Bulk”, “Eagle”, or the “Company”) is one of the world’s largest owner-operators. One. today announced the publication of its third annual Environmental, Social and Governance (ESG) Sustainability Report.
Produced according to the Marine Shipping Framework established by the Sustainability Accounting Standards Board (SASB), this report provides an overview of Eagle’s strategic priorities and performance on a range of environmental, social and governance-related issues. .
Eagle Bulk CEO Gary Vogel commented: We are embedding these initiatives across the company, as demonstrated by the sustainability-related goals contained in the new credit facility we signed in the fourth quarter of 2021. Targets and investments in decarbonization initiatives. We are happy to report that we have achieved these goals for 2021. Also, from June this year he will benefit from a reduction in margins that in three months he will drop to 210 basis points on LIBOR. In addition, it improved its fuel efficiency profile by adding nine modern vessels to its fleet, completed the first-ever sustainable biofuel voyage, sailed the M/V Sydney Eagle across the Atlantic, and reduced net arousal CO2 emissions by about 90% during the voyage.
From a social perspective, our top priority is to ensure the health and safety of our employees, both onshore and onboard. COVID-19 continued to affect our business in 2021. Some colleagues had to personally deal with the illness while others had to deal with affected family members at home.
In recent times, tragic events in Ukraine have had a major impact on Ukrainian seafarers and we are doing what we can to ensure their safety and health by supporting temporary housing, transport and other needs. I’m here. “
Eagle’s ESG Sustainability Report can be accessed on the company’s website at www.eagleships.com/ESG.
contact
Company Contact:
Frank De Costanzo
CFO
Eagle Bulk Shipping Co., Ltd.
Phone +1 203-276-8100
Email: investor@eagleships.com
media:
rose and company
Phone +1 212-359-2228
