Eagle Bulk Shipping is being linked to the purchase of a scrubber-fitted ultramax bulker for a price that suggests further confirmation of values sagging off their market peaks of May and June.

The New York-listed Connecticut shipowner is paying less than $28m for the 61,200-dwt Ultra Trust (built 2015), according to sources in the dry bulk market.

The buy would mark Eagle’s return to the sale-and-purchase market for the first time since June 2021 and suggests the owner has acted at a time when values are 10% to 15% lower than the early-summer apex.