Eagle Bulk Shipping takes delivery of supramax vessel

Jul 01, 2008 (Datamonitor via COMTEX) -- EGLE | Quote | Chart | News | PowerRating -- Eagle Bulk Shipping has taken the delivery of the Goldeneye, a 2002-built 52,421dwt supramax dry bulk vessel.

The Goldeneye, which was acquired as part of a two vessel transaction will commence a one year charter at a rate of $61,000 per day. The second vessel, the Redwing, which was also acquired charter-free, will be delivered in September 2008.

Sophocles Zoullas, chairman and CEO of Eagle Bulk, said: "We expect to take delivery of three additional vessels during 2008 and nine vessels in 2009. The larger fleet allows us to pursue a strategy for our shareholders that maximizes cash flows, supports our dividend, and secures future growth."

http://www.datamonitor.com

Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

Morning Coffee with TradingMarkets -- Free Newsletter

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index