Fourth Crown-63 Ultramax Handed Over to Eagle Bulk

  • Business & Finance

Connecticut-based operator of dry bulkers Eagle Bulk Shipping has taken delivery of M/V Greenwich Eagle, the fourth of nine Crown-63 Ultramax dry bulk sister vessels the company acquired from Greenship Bulk Trust.

The 63,500 dwt Greenwich Eagle, previously named JS Yukon, was built by Chinese shipbuilder Dayang Shipbuilding in 2013. Currently, the bulker has a market value of USD 18.06 million, according to information provided by VesselsValue.

The bulk carrier joins Eagle Bulk’s fleet of 44 vessels on the water, including six Ultramaxes.

The remaining five Ultramax ships are slated for delivery over the coming months, the company said.

Once all of the vessels are delivered, Eagle Bulk’s fleet will comprise a total of 49 bulkers.

Earlier this year, Eagle Bulk reached an agreement to buy six Crown-63 Ultramaxes, while an additional three ships were contingent upon final approval from Greenship’s unit holders. The approvals were granted in March.

The nine vessels, to be renamed after Connecticut coastal towns, were purchased for USD 153 million.

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