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Anemi Maritime Services News

10 Aug 2007

Eagle Bulk Shipping Completes Fleet Acquisition

Eagle Bulk Shipping has completed the fleet acquisition from the parent of Anemi Maritime Services, a private Greek shipping company. The company had previously reported this transaction on July 25, 2007.

25 Jul 2007

Eagle Doubles Fleet

Eagle Bulk Shipping Inc., operator of a fleet of dry bulk ships, agreed to buy 26 Supramax vessels for $1.1b from the parent of Anemi Maritime Services, a private Greek shipping company, more than doubling Eagle's fleet to 49. Eagle expects to receive the ships between 2008 and 2012. It said 21 of the 26 have long-term charters up to 2018, with minimum revenue from the charters of $1b Supramax dry bulk vessels range in size from 50,000 to 60,000 deadweight tons and transport a broad range of major and minor bulk cargoes; including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. Source: Forbes

25 Jul 2007

Eagle Bulk Shipping Acquires 26 Ships for $1.1B

Eagle Bulk Shipping, Inc. (Nasdaq:EGLE) has agreed to acquire a fleet of 26 Supramax vessels for $1.1 billion from the parent of Anemi Maritime Services, a private Greek shipping company. The transaction is subject to completion of customary documentation and closing conditions. "This accretive transaction leverages management's strong industry relationships and reaffirms our commitment to the Supramax asset class, which we believe is highly versatile and optimally aligned with global trade demands. With a total fleet size of 49 vessels after this transaction, Eagle Bulk will be strongly positioned to generate healthy and sustainable cash flows for shareholders over the long term, said Sophocles Zoullas, Chairman and CEO. - 26 Supramax expected to be delivered between 2008 and 2012.