Eagle Bulk acquires Hamburg Eagle ultramax vessel
Published by Stephanie Roker,
Editor
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.
Read the article online at: https://www.drybulkmagazine.com/shipping/24102018/eagle-bulk-acquires-hamburg-eagle-ultramax-vessel/
You might also like
Cargill announces continued investment in wind-assisted propulsion, next generation fuels and digital solutions in effort to decarbonise shipping
Efforts include first dry bulk vessel equipped with BAR Technologies’ WindWings, rigid sails that use wind power to reduce fuel use and emissions.