AmericasDry Cargo

Eagle Bulk confirms ultramax swoop

Photo of Grant Rowles Grant RowlesJuly 24, 2018
5 Less than a minute

Stamford-headquarted dry bulk owner Eagle Bulk Shipping has announced the acquisition of a 2014-built ultramax bulker for $21.2m.

Splash reported the deal last week, identifying the vessel as the Chengxi-built Bao Tong from HTM Shipping, a unit of steel trader Baoyuan International.

According to MSI, the fair market value of the ship is currently $22.4m and likely to increase in future.

The vessel will be renamed Hamburg Eagle, and is scheduled for delivery during the fourth quarter of 2018.

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Photo of Grant Rowles Grant RowlesJuly 24, 2018
5 Less than a minute
Photo of Grant Rowles

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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