Eagle Bulk Shipping Inc. (NASDAQ:EGLE) announced Tuesday that it has acquired a high-specification 2014-built SDARI-64 Ultramax bulk carrier for a purchase price of USD 21.2 million. The ship was constructed at Chengxi Shipyard Co. Ltd, the same yard as the M/V Singapore Eagle.

Eagle Bulk Shipping Inc. Announces Purchase of Ultramax Bulk Carrier

The vessel, which will be renamed M/V Hamburg Eagle, is scheduled to be delivered to the Company during the fourth quarter of 2018.

Upon delivery of the M/V Hamburg Eagle, the Company’s fleet will consist of 47 vessels, including 13 Ultramax dry bulk vessels acquired over the last 20 months.

About Eagle Bulk Shipping Inc.

Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in Stamford, Connecticut. Eagle Bulk owns one of the largest fleets of Supramax/Ultramax dry bulk vessels in the world. Supramax/ Ultramax vessels, which are constructed with on-board cranes, range in size from approximately 50,000 to 65,000 dwt. The Company transports a broad range of major and minor bulk cargoes, including but not limited to coal, grain, ore, pet coke, cement and fertilizer, along worldwide shipping routes.

Source: Eagle Bulk