Eagle Bulk Shipping has taken advantage of rising liquidity in the sale-and-purchase market to offload one of its older vessels, sources said.
The move extends a long-running fleet renewal effort at a time when the Connecticut shipowner is preparing to install scrubbers on modern assets to meet IMO 2020 rules.
Nasdaq-listed Eagle is believed to be selling the 50,300-dwt Kestrel I (built 2004) in a transaction pegged at $7.25m.
