Separately, and as part of the company's ongoing fleet renewal programme, Eagle announced it has sold the M/V Condor and M/V Merlin, both 2001-built 50 000 DWT vessels, for an aggregate gross price of US$13.2 million. Both sales were concluded in advance of vessels' statutory drydocks, which would have included the installation of ballast water treatment systems, resulting in total CAPEX savings of over US$2 million.

After the delivery of the M/V Cape Town Eagle and sale of the two vessels, the company's fleet will consist of 46 ships, including 14 ultramax dry bulk vessels acquired over the last 24 months.

Finally, the company announced that is has declared the three remaining options it held for exhaust gas cleaning systems, or scrubbers, bringing the total on order to 37 units.