Eagle Bulk Shipping Inc. Takes Delivery of M/V Santos Eagle
October 10 2019 - 7:30AM
Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the
“Company”), one of the world’s largest owner-operators within the
Supramax / Ultramax segment, today announced that it has taken
delivery of the fourth of six Ultramax drybulk vessels, it has
recently agreed to acquire.
The ship, which has been renamed the M/V Santos Eagle, is a
2015-built, high specification scrubber-fitted SDARI-64 Ultramax
vessel built at Jiangsu New Hantong Ship Heavy Industry Co.,
Ltd.
Proforma for the two remaining acquisition vessels, which have
yet to be delivered, the Company’s fleet will total 50 ships,
including 20 Ultramax drybulk vessels acquired over the last 36
months.
About Eagle Bulk Shipping Inc.
Eagle Bulk Shipping Inc. (“Eagle” or the “Company”) is a
US-based fully integrated shipowner-operator providing global
transportation solutions to a diverse group of customers including
miners, producers, traders, and end users. Headquartered in
Stamford, Connecticut, with offices in Singapore and Copenhagen,
Eagle focuses exclusively on the versatile mid-size drybulk vessel
segment and owns one of the largest fleets of Supramax / Ultramax
vessels in the world. The Company performs all management services
in-house (including: strategic, commercial, operational, technical,
and administrative) and employs an active management approach to
fleet trading with the objective of optimizing revenue performance
and maximizing earnings on a risk-managed basis. For further
information, please visit our website: www.eagleships.com.
Forward-Looking Statements
Matters discussed in this release may constitute forward-looking
statements. Forward-looking statements reflect management's current
expectations and observations with respect to future events and
financial performance. Where the Company expresses an expectation
or belief as to future events or results, such expectation or
belief is expressed in good faith and believed to have a reasonable
basis. However, the Company's forward-looking statements are
subject to risks, uncertainties, and other factors, which could
cause actual results to differ materially from future results
expressed, projected, or implied by those forward-looking
statements. The Company's actual results may differ materially from
those anticipated in these forward-looking statements as a result
of certain factors, including changes in the Company’s financial
resources and operational capabilities and as a result of certain
other factors listed from time to time in the Company's filings
with the U.S. Securities and Exchange Commission. Furthermore,
there can be no assurance that the syndication of the Facility will
be successful or that the Facility will be obtained on the terms
described above or ultimately entered into. The Company disclaims
any intent or obligation to update publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required under applicable securities
laws.
Company Contact:Frank De CostanzoChief Financial OfficerEagle
Bulk Shipping, Inc.Tel. +1 203-276-8100
Media Contact:Rose & CompanyTel. +1 212-359-2228
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