{"id":2917,"date":"2019-09-12T12:10:54","date_gmt":"2019-09-12T09:10:54","guid":{"rendered":"https:\/\/www.al-sindbad.net\/?p=2917"},"modified":"2019-09-12T12:10:57","modified_gmt":"2019-09-12T09:10:57","slug":"eagle-bulk-adds-first-of-six-ultramaxes-to-its-fleet","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/eagle-bulk-adds-first-of-six-ultramaxes-to-its-fleet\/2917\/","title":{"rendered":"Eagle Bulk Adds First of Six Ultramaxes to Its Fleet"},"content":{"rendered":"\n<p><strong>The U.S.-based ship owner and operator Eagle Bulk Shipping has taken delivery of the first of six Ultramax drybulk vessels purchased earlier this year.<\/strong><\/p>\n\n\n\n<p>The 2015-built ship has been renamed the M\/V Dublin Eagle. The high specification SDARI-64 Ultramax vessel, fitted with a scrubber, was built at Jiangsu New Hantong Ship Heavy Industry.<\/p>\n\n\n\n<p>Four of the six bulkers, acquired through two separate deals, will be delivered&nbsp;<a href=\"https:\/\/worldmaritimenews.com\/archives\/280941\/challenging-market-pushes-eagle-bulk-into-loss\/\" target=\"_blank\" rel=\"noreferrer noopener\">with scrubbers<\/a>. The additions are a part of Eagle Bulk Shipping\u2019s fleet renewal strategy.<\/p>\n\n\n\n<p><em>\u201c<\/em><em>Coupled with our existing scrubber initiative, we believe these acquisitions increase our leverage to the opportunities IMO 2020 will present,\u201d&nbsp;<\/em>Gary Vogel, Eagle Bulk\u2019s CEO, earlier noted.<\/p>\n\n\n\n<p>In July 2019, the company said it&nbsp;<a href=\"https:\/\/worldmaritimenews.com\/archives\/280606\/eagle-bulk-eyes-usd-100-mn-offering-to-fund-ship-purchase\/\" target=\"_blank\" rel=\"noreferrer noopener\">would offer<\/a>&nbsp;USD 100 million aggregate principal amount of Convertible Senior Notes due 2024 in a private placement, in a move to secure funds to finance a portion of the total price of the six Ultramaxes.<\/p>\n\n\n\n<p>Once it takes delivery of the five remaining units, Eagle Bulk Shipping, one of the world\u2019s largest owner-operators within the Supramax\/Ultramax segment, will have a fleet of 50 ships, including 20 Ultramax drybulk vessels acquired over the last 36 months.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S.-based ship owner and operator Eagle Bulk Shipping has taken delivery of the first of six Ultramax drybulk vessels purchased earlier this year. The 2015-built ship has been renamed the M\/V Dublin Eagle. The high specification SDARI-64 Ultramax vessel, fitted with a scrubber, was built at Jiangsu New Hantong Ship Heavy Industry. Four of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,57],"tags":[234,62,491,428],"class_list":["post-2917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-shipping-news","tag-eagle-bulk","tag-shipping","tag-ultramax","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/2917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=2917"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/2917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/2918"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=2917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=2917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=2917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}