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Eagle Bulk acquires Hamburg Eagle ultramax vessel

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Dry Bulk,

Eagle Bulk Shipping Inc., one of the world’s largest owner-operators in the supramax/ultramax segment, has announced that it has taken delivery of its newly acquired vessel, the M/V Hamburg Eagle, a 2014-built SDARI-64 ultramax.

The acquisition has been funded by cash on-hand and new debt equating to US$12.8 million. This new loan represents an upsize to the existing Eagle Bulk Ultraco LLC loan facility, which carries an interest rate of LIBOR plus 2.95% and has a maturity of 31 October 2022.

With the addition of the M/V Hamburg Eagle, the company’s fleet is now comprised of 47 vessels, including 13 ultramaxes acquired over the last 24 months.

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