Eagle Bulk acquires ultramax from Lomar Shipping

Eagle Bulk acquires ultramax from Lomar Shipping

US bulker operator Eagle Bulk has acquired the 2015-built ultramax bulker Queen Cuki from UK-based Lomar Shipping.

Shipbroking sources confirmed that the 63,800 dwt vessel has been sold for $20.4m and renamed Cape Town Eagle.

The sale includes a balance time charter for 12-18 months at index rate with a floor.

The latest purchase has expand the company’s owned fleet to 48 vessels, made up of 14 ultramaxes and 34 supramaxes.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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