rss icon Subscribe
desktop mobile

Eagle Bulk Shipping Adds New Ultramax

Image: Eagle Bulk Shipping Inc

By Aiswarya Lakshmi

U.S. based owner of Handymax dry bulk vessels Eagle Bulk Shipping has announced that it has taken delivery of its newly acquired vessel, the M/V New London Eagle, a 2015-built CROWN-63 Ultramax.

The acquisition has been funded by cash on-hand and new debt of USD 8.6 million. This loan, which equates to approximately 40% of the purchase price, represents an upsize to the existing Eagle Bulk Ultraco LLC Debt Facility which carries an interest rate of LIBOR plus 2.95% and has a maturity of October 31, 2022.
With the addition of the M/V New London Eagle, the Company's fleet is now comprised of 47 vessels, including 12 Ultramaxes acquired over the last 14 months.
Eagle Bulk Shipping is a Marshall Islands corporation headquartered in Stamford, Connecticut. Eagle Bulk owns one of the largest fleets of Supramax/Ultramax dry bulk vessels in the world.
Supramax/Ultramax vessels, which are constructed with on-board cranes, range in size from approximately 50,000 to 65,000 dwt. The Company transports a broad range of major and minor bulk cargoes, including but not limited to coal, grain, ore, pet coke, cement and fertilizer, along worldwide shipping routes.

Jan 10, 2018

 

Bulk Carriers

Chinese Steel Mills Chase Iron Ore Contracts with Brazil's Vale

© Fotosenmeer / Adobe Stock

Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron

WE Tech Equips World’s First Dual-fuel Handysize Bulker

The first LNG dual-fueled handysize bulk carrier in the world, M/V Haaga, features a range of energy efficiency solutions on board (Photo: ESL Shipping)

The world’s first liquefied natural gas (LNG) dual-fueled handysize bulk carrier, M/V Haaga

Olmsted: Online & Open

A USACE rendering of the Olmsted lock area infrastructure (Credit: US GAO)

After more than 30 years of frustratingly slow progress, cost overruns and more than a few mistakes

People & Company News

C-Job Researching Ammonia as Marine Fuel

(Image: C-Job Naval Architects)

C-Job Naval Architects based in the Netherlands announced it has joined the Ammonia Energy

Odfjell Finalizes Sale of Rotterdam Tank Terminal

(Photo: Odfjell)

Norwegian shipping and tank terminal company Odfjell SE announced on Thursday that it has

MOL Launches Sunflower Kirishima

The Sunflower Kirishima goes into service. Photo: MOL

Mitsui O.S.K. Lines (MOL) announced that the newly built large-scale ferry Sunflower Kirishima

Maritime Apps