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Eagle Bulk Shipping Takes Delivery of MV Shanghai Eagle

Logistic News - Published on Thu, 28 Nov 2019

Image Source: Eagle Bulk Shipping
Eagle Bulk Shipping Inc announced that is has taken delivery of the fifth of six Ultramax drybulk vessels it has recently agreed to acquire. The ship, which has been renamed the MV Shanghai Eagle, is a 2016-built, high specification SDARI-64 Ultramax vessel built at Jiangsu Yangzijiang Shipbuilding Co Ltd. The acquisition was made by the Company’s wholly-owned subsidiary, Eagle Bulk Shipco LLC and was fully funded by restricted cash generated from previous vessel sale proceeds; the M/V Shanghai Eagle will form part of the security for the Subsidiary’s outstanding bond due in 2022.

Proforma for the remaining acquisition vessel, which has yet to be delivered, the Company’s fleet will total 50 ships, including 20 Ultramax drybulk vessels acquired over the last 36 months.

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Posted By : Yogender Pancholi on Thu, 28 Nov 2019
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