More Newbuilds for Eagle Bulk Shipping

Friday, February 12, 2010

Eagle Bulk Shipping Inc. (Nasdaq:EGLE) announced that it has taken delivery of two additional vessels, Thrasher and Avocet, from its newbuild program. The addition of these two vessels brings Eagle Bulk's total on-the-water fleet to 32 vessels.

The Thrasher and Avocet have each entered into nine year time charters. The rate for each charter is $18,400 per day through February 2016 and March 2016 respectively; thereafter the contracts convert to a profit-sharing charter with a base rate of $18,000 per day. In aggregate, the Thrasher and Avocet will each contribute approximately $59m in minimum contracted revenue.
 


Shipbuilding

COSCO Delivers PSV and Two Jack-up Rigs

Cosco (Dalian) Shipyard Co., Ltd., a subsidiary of its 51 percent owned Cosco Shipyard Group Co., Ltd., has delivered two jackups to the Foresight Group of companies

MN100: All American Marine, Inc.

The Company: All American Marine Inc. was founded in 1987 and specializes in the construction of custom tailored aluminum boats from 30 to 150 feet LOA. Today,

ACE Winches Bags Order from Vard

Deck machinery specialist ACE Winches said it has been awarded a spooling contract with Vard Group AS for Norway’s largest construction vessel.   The scope of work includes the spooling of two 3,

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pipelines Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0782 sec (13 req/sec)