Connecticut-based owner of dry bulkers Eagle Bulk Shipping has acquired a 2014-built SDARI-64 Ultramax bulk carrier for USD 21.2 million.
The purchase comes after Eagle Bulk returned to profit in the first quarter of 2018, reversing from a net loss of USD 11 million in the same quarter in 2017. The company said that its net profit for the period stood at USD 0.1 million. Generated net revenues for the period were USD 79.4 million, representing an increase of 73 pct year-on-year.