Connecticut-based bulker owner Eagle Bulk Shipping has bought a 2014-built SDARI-64 Ultramax bulk carrier for US$21.2 million.

The vessel, constructed at Chengxi Shipyard, will be renamed M/V Hamburg Eagle. It is scheduled for delivery during the fourth quarter of 2018. By then, the company's fleet will be made up of 47 vessels.

The acquisition comes after Eagle Bulk returned to profit in the first quarter of 2018.