Eagle Bulk Shipping management took a nominal cut in pay for 2019, while board compensation remained conservative, according to public filings.

Chief executive Gary Vogel received cash and shares worth $2.6m, down substantially from a stated figure of $3.5m in 2018.

However, the cash components were little changed. Vogel’s base salary of $675,000 was unchanged, and his cash bonus of $843,750 fell only slightly from $907,000 a year earlier.