Lomar Shipping

London-based Lomar Shipping sold ultramax dry bulk carier to Nasdaq-listed Eagle Bulk Shipping. Shipowner and operator Eagle Bulk Shipping acquired 2015 built ultramax dry bulk carier 63K DWT MV Queen Cuki from Lomar Shipping. Eagle Bulk Shipping continue fleet renewal efforts which have seen modern tonnage replace older ships with a smaller capacity. According to market players, Lomar Shipping sold Cosco Zhoushan Shipyard built MV Queen Cuki for around $20 million. MV Queen Cuki deal would mark the 14th modern ship purchased by Gary Vogel led Eagle Bulk Shipping since late 2016 when company started renewal programme. In the past few years, Eagle Bulk Shipping has acquired bulk carriers that were built at at top-tier Chinese shipyards and MV Queen Cukii fits this profile.