Eagle Bulk Shipping Buys Ultramax Dry Bulker

  • Business & Finance

Nasdaq-listed bulker owner and operator Eagle Bulk Shipping Inc. has bought a 61,000 dwt Ultramax dry bulk vessel constructed at Nantong COSCO Kawasaki Heavy Industries Engineering Co., Ltd. (NACKS).

The 2016-built bulker, scheduled to be delivered to the company in November, will be renamed the M/V Stamford Eagle.

Eagle Bulk said that this is the first vessel acquisition for the company 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.”

Featuring a length of 200 meters and a width of 32.2 meters, the 34,447 gross ton ship has a capacity of 77,546 cubic meters.

The vessel, which has a market value of USD 19.7 million, was previously named Port Belavista, according to data provided by VesselsValue.

World Maritime News Staff

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