Eagle Bulk Snaps 6-year Order Drought

U.S. based ship owner and operator Eagle Bulk Shipping Inc. has bought its first vessel in more than six years, acquiring a 2016-built dry bulk vessel constructed in China at Nantong COSCO Kawasaki Heavy Industries Engineering Co., Ltd. (NACKS), the shipper said in a statement.

The new ship, a 61,000 deadweight NACKS-61 Ultramax vessel, will be the largest in Eagle Bulk’s fleet of more than 40 vessels. It will be renamed the M/V Stamford Eagle and is scheduled for a November 2016 delivery. 

The order is Eagle Bulk’s first in more than six years and “reflects management's renewed commitment to invest in a high-quality fleet renewal and growth strategy within the Supramax/Ultramax segment,” according to the shipper.