Skua News

Eagle Bulk Shipping, Inc. (Nasdaq:EGLE) has taken delivery of the Skua, a 2003 built 53,350 dwt Supramax dry bulk vessel. Skua was acquired as part of a three vessel transaction announced on February 28, 2007. Skua will immediately commence a 23-25 month charter at a rate of $24,200/day. The charterer has an option to extend the charter period by 11-13 months at a rate of $25,200/day. The Eagle Bulk Shipping, Inc. fleet consists of 23 vessels, including 20 Supramaxes, five of which are newbuilds, and three Handymax bulk carriers. The average age of the fleet is approximately five and a half years.

Stolt-Nielsen S.A. announced that its wholly owned subsidiary, Stolt-Nielsen Transportation Group (SNTG), has acquired two parcel tankers, each of approximately 8,600 deadweight tons, to meet growing customer demand in the Company's inter-European service. The sisterships M/T Bow Wave and M/T Bow Wind, previously on time charter to Odfjell ASA, were purchased from Iino Lines for $18.5m each. SNTG expects to take delivery of the ships between July and November of this year. Both ships were built to IMO II standards in 1999 by the Usuki Shipyard Co. Ltd. of Japan. Features include double hulls, fully stainless steel tanks, and 20 segregations per ship. M/T Bow Wave and M/T Bow Wind will be renamed M/T Stolt Skua and M/T Stolt Teal, respectively.