Eagle Bulk Shipping signs up to Sea Cargo Charter

23 December 2020 (Last Updated December 23rd, 2020 12:18)

US-based fully integrated shipowner-operator Eagle Bulk Shipping has announced that it has become a signatory to the Sea Cargo Charter.

Eagle Bulk Shipping signs up to Sea Cargo Charter
To promote international shipping’s decarbonisation, the Charter provides a global framework for lining up chartering undertakings with responsible environmental conduct. Credit: Ian Simmonds on Unsplash.

US-based fully integrated shipowner-operator Eagle Bulk Shipping has announced that it has become a signatory to the Sea Cargo Charter.

Launched in October, the Charter provides a global framework for aligning chartering undertakings with responsible environmental conduct to promote international shipping’s decarbonisation.

Furthermore, the Charter is consistent with the International Maritime Organization’s (IMO) ambition to reduce greenhouse gas (GHG) emissions by at least 50% by 2050 compared with 2008 levels.

Eagle Bulk CEO Gary Vogel said: “In a continuation of our efforts to help drive transparency to emissions reporting and decarbonisation within shipping, we are excited to join the Sea Cargo Charter.

“We believe the Charter, along with other global green initiatives we are involved with, including Poseidon Principles and the Getting to Zero Coalition, will help our industry reach IMO 2030 and IMO 2050 emissions reduction targets.

“At Eagle, we continue to execute on both strategic and operational efficiency initiatives in order to improve our carbon footprint, such as fleet renewal, installing energy saving devices, applying low-friction hull coatings, and leveraging data to optimise voyage execution.”

On 16 December, Eagle Bulk Shipping announced the $16m acquisition of a 2015-built SDARI-64 scrubber-fitted Ultramax bulk carrier.

The ship was built at Chengxi Shipyard and is expected to be delivered during the first quarter of 2021.

The company said that the vessel will be renamed as M/V Oslo Eagle.

After this acquisition, the company’s fleet stands at a total of 48 ships, including 21 Ultramaxes acquired over the past few years.