New ultramax vessel for Eagle Bulk Shipping
Published by Claire Cuddihy,
Assistant Editor
Dry Bulk,
Eagle Bulk Shipping Inc. has received 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 US$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 31 October 2022.
With this new addition, Eagle Bulk Shipping’s fleet now consists of 47 vessels, including 12 ultramaxes acquired over the last 14 months.
Read the article online at: https://www.drybulkmagazine.com/shipping/10012018/new-ultramax-vessel-for-eagle-bulk-shipping/
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