Eagle Bulk Shipping will remain active as both a buyer and seller of dry cargo tonnage as the Gary Vogel-led owner looks to continue a fleet renewal programme.

US-listed Eagle has acquired 11 ultramaxes and sold eight supramaxes since Vogel took over as chief executive in 2015.

This week it confirmed the sale of the 53,000-dwt Wren and its sistership Woodstar (both built 2008) for $7.6m