The vessel is scheduled to be delivered to the company in November and will be renamed the M/V Stamford Eagle.

This is the first vessel acquisition for Eagle Bulk in more than six years. According to the company, this reflects the management's renewed commitment to invest in a high-quality fleet renewal and growth strategy within the supramax/ultramax segment.

Eagle Bulk Shipping owns one of the largest fleets of supramax dry bulk vessels in the world, which are constructed with onboard cranes and range in size from approximately 50 000 – 65 000 DWT. The company transports a broad range of major and minor bulk cargoes, including but not limited to coal, grain, ore, pet coke, cement and fertilizer, along worldwide shipping routes.