AmericasDry Cargo

Eagle Bulk continues buying spree with three more supramaxes

US-based dry bulk owner Eagle Bulk has taken its fleet over the 50 mark with the acquisition of three supramaxes.

Eagle Bulk paid $21.15m in cash plus 329,583 common shares for three 2011-built (Yangzhou Dayang) supramaxes, which it will rename Montauk Eagle, Newport Eagle and Sankaty Eagle.

The vessels are set to be delivered between March and May, taking the Eagle Bulk fleet to 52 ships in total. The company has recently acquired five ultramaxes from Eneti, formerly Scorpio Bulkers.

Eagle Bulk did not reveal the seller of these latest ships, however data from VesselsValue points to Alterna Capital’s only three supramaxes Cooper, Texas and Wilton.

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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