Second Crown-63 Ultramax Delivered to Eagle Bulk

US-based operator of dry bulkers Eagle Bulk Shipping has taken delivery of MV Southport Eagle, the second ship from the recently acquired batch of nine Crown-63 Ultramax dry bulk sister vessels.

The 2013-built vessel, previously named JS Mississippi, was purchased earlier in 2017 from Greenship Bulk Trust. The bulker, which was constructed by China’s shipbuilder Dayang Shipbuilding, has a market value of USD 18.5 million, VesselsValue data shows.

Under the deal, which was first unveiled in late February 2017, Eagle Bulk Shipping reached an agreement to acquire six Crown-63 Ultramaxes, while an additional 3 ships were contingent upon final approval from Greenship’s unit holders. The approvals for the additional vessels were granted in March 2017.

“We are pleased to have been able to secure this fleet acquisition of 9 quality Ultramax vessels, and look forward to having them join Eagle’s fleet over the coming months,” Gary Vogel, Eagle Bulk’s CEO, earlier said.

Eagle Bulk acquired the nine ships, which would be renamed after Connecticut coastal towns, for a total of USD 153 million.

With the addition of the 63,500 dwt MV Southport Eagle, Eagle Bulk’s fleet currently consists of 42 vessels on the water, including 4 Ultramax vessels, with another 7 Ultramaxes set to be delivered over the coming months. The company’s pro-forma owned-fleet will consist of 49 Supramaxes/Ultramaxes.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >