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Eagle Bulk acquires scrubber-fitted Ultramax pair June 3, 2021, by Fatima Bahtić
US-based shipowner Eagle Bulk Shipping has purchased two 2015-built scrubber-fitted Ultramax bulk carriers from Nautical Bulk Holdings for total of $44 million.
As disclosed, the vessels, which will be renamed the M/V Antwerp Eagle and M/V Valencia Eagle, are of the SDARI-64 design and were constructed at Jiangsu Hantong Ship Heavy Industry Co.
According to the VesselsValue, Liberia-flagged bulkcarriers have the capacity of 78,500 cbm and feature 63,600 dwt and 63,500 dwt, respectively.
“Given recent market developments, and our positive view on supply-demand fundamentals and asset prices, we continue to seek accretive growth opportunities. In this regard, we are pleased to have been able to secure two modern scrubber-fitted Ultramaxes in conjunction with an equity raise under our ATM program,”
Eagle Bulk Shipping buys two 2015-built Ultramax bulkcarriers 03 Jun 2021 (Last Updated June 3rd, 2021 12:34)
The two Ultramax bulkcarriers will be delivered in Q3 2021.
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After the completion of these transactions, the company will own roughly 53 vessels, with an average lifespan of 8.7 years. Credit: Paul Brennan from Pixabay.
US-based shipowner-operator Eagle Bulk Shipping has acquired two high-specification scrubber-fitted Ultramax bulkcarriers for $44m.
The 2015-built vessels, set to be delivered in Q3 2021, will be rechristened as the M/V Antwerp Eagle and M/V Valencia Eagle.
Featuring a SDARI-64 design, the vessels were built at China’s Jiangsu Hantong Ship Heavy Industry.