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.”
Eagle Bulk receives ninth ultramax dry bulk vessel
