Deal Snapshot
EAGLE BULK SHIPPING CLOSES USD 153M GREENSHIP BULK FLEET ACQUISITION
Wednesday 13 September 2017

US-based dry bulk shipping company Eagle Bulk Shipping Inc.'s (NASDAQ: EGLE) has taken delivery of the M/V Westport Eagle, the ninth and final Crown-63 Ultramax dry bulk vessel the company acquired from Greenship Bulk Trust, the company said.
As originally announced on 28 February 2017, the company reached a definitive agreement to purchase a minimum of six and up to nine Crown-63 Ultramax dry bulk sister vessels for an aggregate price of USD 153m. With the addition of these nine vessels, the Eagle Bulk fleet will consist of 50 owned vessels. Eagle Bulk Shipping is a Marshall Islands corporation headquartered in Stamford, Connecticut. Eagle Bulk owns one of the largest fleets of Supramax/Ultramax dry bulk vessels in the world.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 13/09/2017
Target: 9 Crown-63 Ultramax dry bulk vessels
Country: USA
Deal Size: 153m (USD)
Sector: Water Transport
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor: Greenship Bulk
Buyer: Eagle Bulk Shipping
Comment:
Company takes delivery of ninth and final Crown-63 Ultramax dry bulk vessel in deal.

Options