Bulk

Greek shipowner buys major stake in Eagle Bulk

Shipowner Danaos has purchased close to 10 percent of Eagle Bulk’s shares. Neither party to the transaction has commented on the purchase.
Gary Vogel, CEO of Eagle Bulk, can look forward to having a new large shareholder for the company as Danaos Corp. bought its way into the bulk operator. | Photo: Pr / Eagle Bulk
Gary Vogel, CEO of Eagle Bulk, can look forward to having a new large shareholder for the company as Danaos Corp. bought its way into the bulk operator. | Photo: Pr / Eagle Bulk
by DAG HOLMSTAD

Danaos spent just about USD 60m on its purchase of a 10-percent stake in Eagle Bulk, which is headquartered in the US and has additional offices in Copenhagen and Singapore. 

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