Eagle Bulk Buys Ultramax Bulk Carrier

Eagle Bulk Shipping Inc. continues its fleet renewal strategy with today’s announcement that it has acquired a secondhand bulk carrier for a purchase price of $21.2 million.

The ship, a SDARI-64 Ultramax bulk carrier, was constructed at Chengxi Shipyard Co. Ltd. in 2014.

Eagle Bulk plans to rename the vessel M/V Hamburg Eagle and said it expects to take delivery in the fourth quarter of 2018.

Upon delivery, the company’s fleet will consist of 47 vessels, including 13 Ultramax dry bulk vessels acquired over the last 20 months.