Eagle Bulk Shipping announced that it has acquired a high-specification 2014-built SDARI-64 Ultramax bulkcarrier for a purchase price of USD 21.2 million.

The ship was constructed at Chengxi Shipyard Co. Ltd, the same yard as the M/V Singapore Eagle. The vessel, which will be renamed M/V Hamburg Eagle, is scheduled to be delivered to the Company during the fourth quarter of 2018.

Upon delivery of the M/V Hamburg Eagle, the Company’s fleet will consist of 47 vessels, including 13 Ultramax dry bulk vessels acquired over the last 20 months.