Eagle Bulk receives ninth ultramax dry bulk vessel

Connecticut-based Eagle Bulk Shipping has taken delivery of the M/V Westport Eagle, the ninth and final Crown-63 Ultramax dry bulk vessel that it acquired from Greenship Bulk Trust.    Connecticut-based Eagle Bulk Shipping, which owns one of the largest fleets of Supramax/Ultramax dry bulk vessels in the world, has once again added to its fleet, the company said in a statement Sept. 5.
   Eagle Bulk says it has taken delivery of the M/V Westport Eagle, the ninth and final Crown-63 Ultramax dry bulk vessel that it acquired from Greenship Bulk Trust, the Singapore-based entity that announced in June that it would close its doors for good later this year.
   With the addition of the M/V Westport Eagle, the Eagle Bulk fleet currently consists of 48 vessels on the water, comprised exclusively of Supramax/Ultramax vessels, weighing 50,000 to 65,000 DWT.
   “The successful conclusion of the nine-vessel fleet acquisition from Greenship Bulk provides clear and unambiguous benefits for Eagle, chief among them a significantly expanded commercial footprint and a more modern and efficient fleet,” Eagle Bulk CEO Gary Vogel explained in a statement. “These positive developments, in conjunction with the successful buildout of our active management model, should help ensure we generate both higher time charter equivalent (“TCE”) earnings and incremental shareholder value.”