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Eagle flies nest

US-listed Eagle Bulk Shipping has reportedly sold the 56,000-dwt bulker newbuilding Crested Eagle.


Eagle Bulk boss, Sophocles Zoullas.

The ship is set for delivery from IHI shipyard in February 2009 and is said to have gone to a Japanese buyer for $34m.

In November a similar ship the 54,000-dwt Pacific Island (built 2008) was sold to Nisshin Shipping for $33.5m.

Eagle Bulk ordered the supramax in 2007 for $33.6m.

A week ago the firm cancelled contracts for eight supramax bulkers at Yanghzou Dayang Shipbuilding in favour of options on the vessels. (Click here to read related article.)

Eagle Bulk had 33 supramaxes costing $1.4bn at IHI and Dayang for delivery by 2012.

Published: 11:40 GMT, 29 Dec 08 | updated: 11:49 GMT, 29 Dec 08
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