Shares of Eagle Bulk Shipping (NASDAQ: EGLE) rose 1% this morning after the owner and operator of a fleet of dry bulk vessels said that it has taken delivery of the M/V Madison Eagle. The M/V Madison Eagle marks the eighth out of nine Crown-63 Ultramax dry bulk sister vessels Eagle Bulk has acquired from Greenship Bulk Trust. With the addition of the M/V Madison Eagle, the Eagle Bulk fleet currently entails of 47 vessels on the water including 10 Ultramax vessels, with one additional vessel to be delivered by the end of September.
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About Eagle Bulk Shipping
Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in Stamford, Connecticut. Eagle Bulk owns one of the largest fleets of Supramax/Ultramax dry bulk vessels in the world. Supramax/Ultramax vessels, which are constructed with on-board cranes, range in size from approximately 50,000 to 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. For more information, visit www.eagleships.com.
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