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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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