STAMFORD, Conn., Nov. 14, 2016 /PRNewswire/ -- Eagle Bulk
Shipping Inc. (Nasdaq: EGLE) (the "Company" or "Eagle Bulk") today
announced that it has acquired a resale 2017-built 64,000
deadweight SDARI-64 Ultramax dry bulk vessel constructed at Chengxi
Shipyard Co., Ltd. The vessel is scheduled to be delivered to
the Company in January 2017, and will
be named the M/V Singapore Eagle.
Including the acquisition of the M/V Stamford Eagle, which was
announced last week, the Eagle Bulk fleet will consist of 42 owned
vessels.
About Eagle Bulk Shipping
Eagle Bulk Shipping Inc. is a Marshall
Islands corporation headquartered in Stamford, Connecticut. Eagle owns one of the
largest fleets of Supramax dry bulk vessels in the world. Supramax
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.
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. 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.
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SOURCE Eagle Bulk Shipping Inc.