Eagle Bulk Shipping Announces Acquisition of High-Specification Ultramax Vessel

By Vessels

Eagle Bulk Shipping Inc. (Nasdaq: EGLE) (Eagle Bulk) yesterday announced that it has acquired a 2016-built 61,000 deadweight NACKS-61 Ultramax drybulk vessel constructed at Nantong COSCO Kawasaki Heavy Industries Engineering Co., Ltd. (NACKS). The vessel is scheduled to be delivered to the Company in November and will be renamed the M/V Stamford Eagle.

Eagle Bulk Shipping Announces Acquisition of High-Specification Ultramax Vessel

This is the first vessel acquisition for Eagle Bulk in more than 6 years and reflects management's renewed commitment to invest in a high-quality fleet renewal and growth strategy within the Supramax/Ultramax segment.

Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in Stamford, Connecticut. The Company owns one of the largest fleets of Supramax dry bulk vessels in the world, which are constructed with on-board cranes and 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