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Eagle Bulk Shipping Inc. acquires three Supramaxes

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Dry Bulk,

Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the Supramax/Ultramax dry bulk segment, has announced that it has purchased three 2011-built CROWN-58 Supramax bulk carriers for a total of US$21.15 million and 329 583 common shares of Eagle.

The ships, which will be renamed the M/V Montauk Eagle, M/V Newport Eagle, and M/V Sankaty Eagle, were all constructed at Yangzhou Dayang Shipbuilding Co., Ltd and are sister ships to 17 CROWN-58 Supramax bulk carriers in Eagle’s existing fleet. The vessels are all expected to be delivered into the Company’s fleet between March and May of this year.

Inclusive of all recently reported acquisitions, Eagle’s fleet totals 52 ships, including 27 which have been acquired over the last four years.

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