{"id":400751,"date":"2020-12-16T07:33:35","date_gmt":"2020-12-16T12:33:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400751"},"modified":"2020-12-16T07:33:35","modified_gmt":"2020-12-16T12:33:35","slug":"eagle-bulk-shipping-inc-acquires-modern-ultramax","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eagle-bulk-shipping-inc-acquires-modern-ultramax\/","title":{"rendered":"Eagle Bulk Shipping Inc. Acquires Modern Ultramax"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">STAMFORD, Conn., Dec.  16, 2020  (GLOBE NEWSWIRE) &#8212; Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (\u201cEagle Bulk\u201d, \u201cEagle\u201d or the \u201cCompany\u201d), one of the world\u2019s largest owner-operators within the Supramax \/ Ultramax drybulk segment, today announced that it has purchased a high-specification 2015-built SDARI-64 scrubber-fitted Ultramax bulkcarrier for a purchase price of USD 16 million. The ship, which will be renamed the M\/V Oslo Eagle, was constructed at Chengxi Shipyard Co. Ltd and is expected to be delivered into the fleet during the first quarter of 2021.<\/p>\n<p align=\"justify\">Proforma for this acquisition, the Company\u2019s fleet totals 48 ships, including 21 Ultramaxes acquired over the past few years.<\/p>\n<p align=\"justify\">\n        <strong>About Eagle Bulk Shipping Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Eagle Bulk Shipping Inc. (\u201cEagle\u201d or the \u201cCompany\u201d) is a U.S. based fully integrated shipowner-operator providing global transportation solutions to a diverse group of customers including miners, producers, traders, and end users. Headquartered in Stamford, Connecticut, with offices in Singapore and Copenhagen, Denmark, Eagle focuses exclusively on the versatile mid-size drybulk vessel segment and owns one of the largest fleets of Supramax\/Ultramax vessels in the world. The Company performs all management services in-house (including strategic, commercial, operational, technical and administrative) and employs an active management approach to fleet trading with the objective of optimizing revenue performance and maximizing earnings on a risk-managed basis. For further information, please visit our website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0KSzJRciCKQ2PvqzTY0Fkfec2UxyCs8TGBWIlzBIGbo72nSZf4mPqqxuYm1jaDA-Rv9tIEF52RNBsuoETBfj6h0MCL0mJzEEwmxVXaVK7kQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.eagleships.com<\/a>.<\/p>\n<p align=\"justify\">CONTACT<\/p>\n<p align=\"justify\">Company Contact:<br \/>Frank De Costanzo<br \/>Chief Financial Officer<br \/>Eagle Bulk Shipping Inc.<br \/>Tel. +1 203-276-8100<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4oZ93dKHnzEumtwnyUfNloyuZw5aVZQokpMQFe_3zp1sZbfdhcvNBVWwqv8FeArZ8GQeiQd0oVa0U7qXIH7Ob2CJd-zRwbwzGBtbzE1DKhc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investor@eagleships.com<\/a><\/p>\n<p align=\"justify\">Media:<br \/>Rose and Company<br \/>Tel. +1 212-359-2228<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzA4NSMzODgzODkwIzIwMDY3OTY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/f2f78014-9140-4f33-944f-0132301dbdb9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>STAMFORD, Conn., Dec. 16, 2020 (GLOBE NEWSWIRE) &#8212; Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (\u201cEagle Bulk\u201d, \u201cEagle\u201d or the \u201cCompany\u201d), one of the world\u2019s largest owner-operators within the Supramax \/ Ultramax drybulk segment, today announced that it has purchased a high-specification 2015-built SDARI-64 scrubber-fitted Ultramax bulkcarrier for a purchase price of USD 16 million. The ship, which will be renamed the M\/V Oslo Eagle, was constructed at Chengxi Shipyard Co. Ltd and is expected to be delivered into the fleet during the first quarter of 2021. Proforma for this acquisition, the Company\u2019s fleet totals 48 ships, including 21 Ultramaxes acquired over the past few years. About Eagle Bulk Shipping Inc. Eagle Bulk Shipping Inc. (\u201cEagle\u201d or the \u201cCompany\u201d) is a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eagle-bulk-shipping-inc-acquires-modern-ultramax\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eagle Bulk Shipping Inc. Acquires Modern Ultramax&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-400751","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eagle Bulk Shipping Inc. Acquires Modern Ultramax - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eagle-bulk-shipping-inc-acquires-modern-ultramax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eagle Bulk Shipping Inc. Acquires Modern Ultramax - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"STAMFORD, Conn., Dec. 16, 2020 (GLOBE NEWSWIRE) &#8212; Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (\u201cEagle Bulk\u201d, \u201cEagle\u201d or the \u201cCompany\u201d), one of the world\u2019s largest owner-operators within the Supramax \/ Ultramax drybulk segment, today announced that it has purchased a high-specification 2015-built SDARI-64 scrubber-fitted Ultramax bulkcarrier for a purchase price of USD 16 million. The ship, which will be renamed the M\/V Oslo Eagle, was constructed at Chengxi Shipyard Co. Ltd and is expected to be delivered into the fleet during the first quarter of 2021. Proforma for this acquisition, the Company\u2019s fleet totals 48 ships, including 21 Ultramaxes acquired over the past few years. About Eagle Bulk Shipping Inc. Eagle Bulk Shipping Inc. (\u201cEagle\u201d or the \u201cCompany\u201d) is a &hellip; Continue reading &quot;Eagle Bulk Shipping Inc. Acquires Modern Ultramax&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/eagle-bulk-shipping-inc-acquires-modern-ultramax\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-16T12:33:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzA4NSMzODgzODkwIzIwMDY3OTY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eagle-bulk-shipping-inc-acquires-modern-ultramax\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eagle-bulk-shipping-inc-acquires-modern-ultramax\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Eagle Bulk Shipping Inc. 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Ltd and is expected to be delivered into the fleet during the first quarter of 2021. Proforma for this acquisition, the Company\u2019s fleet totals 48 ships, including 21 Ultramaxes acquired over the past few years. About Eagle Bulk Shipping Inc. Eagle Bulk Shipping Inc. (\u201cEagle\u201d or the \u201cCompany\u201d) is a &hellip; Continue reading \"Eagle Bulk Shipping Inc. 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