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b"G\\ufeffary Vogel, CEO of Eagle Bulk Shipping (EGLE), a dry bulk shipping company focused on the mid-sized segments, joined J\\xa0Mintzmyer's\\xa0Value Investor's Edge Live\\xa0on 9 June 2021 to discuss the rapidly improving market outlook and company specific plans.
EGLE is benefiting from surging rates and is expected to report a blow out Q2 earnings report followed by an even stronger showing in Q3. Although market conditions can change and dry bulk is notoriously volatile, the supply side is the most bullish we have seen in\\xa020+ years\\xa0and the signals from demand are also encouraging. Gary talks through the markets in our interview as well as about capital allocation specifics and strategy for Eagle Bulk in particular.\\xa0
This interview contains relevant insights for investors in all other dry bulk companies, including: 2020 Bulkers (Oslo: 2020), Diana Shipping (DSX), Eagle Bulk (EGLE),\\xa0Eurodry\\xa0(EDRY)\\xa0Genco Shipping (GNK), Golden Ocean (GOGL), Grindrod Shipping (GRIN), Navios Partners (NMM), Pangaea Logistics (PANL), Safe Bulkers (SB), Seanergy Maritime (SHIP), and Star Bulk Carriers (SBLK).
Topics Covered

(0:00)\\xa0Introductions and disclosures


(1:40)\\xa0What is driving the steady strength in\\xa0midsize\\xa0dry bulk markets?


(4:15)\\xa0What is the impact of the Australia-China coal shifts?


(5:30)\\xa0Why are\\xa0Capesizes\\xa0far more volatile at this time?


(7:15)\\xa0Why are 2022\\xa0FFAs\\xa0still considerably below current market levels?


(9:30)\\xa0Any activity or inquiries in the longer-term charter market?


(12:15)\\xa0Discussion on rate hedging via derivatives.


(13:45)\\xa0Capital allocation priorities? Target leverage?


(16:30)\\xa0Commentary on ATM facility? Usage here?


(19:00)\\xa0Potential for a dividend policy/program?


(21:00)\\xa0Improving share liquidity? Lack of options trading?


(23:00)\\xa0Potential for further sector consolidation?


(24:45)\\xa0Impact from EEXI or tonnage tax?


(28:30)\\xa0Current scrubber spreads? Plans to hedge savings?


(32:00)\\xa0Discussion on proper benchmark for rates.


(34:15)\\xa0What are the major risk factors at this point?


(38:30)\\xa0When are potential\\xa0newbuild\\xa0yard slots available?


(40:30)\\xa0Any desire to lock in 1-year rates yet?


(42:30)\\xa0Why choose to invest in EGLE vs. peers?


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