In the world of private equity's exit — nicknamed Prexit — from shipping, another big shoe has stepped out the door.

GoldenTree Asset Management is walking away completely from its investment in New York-listed Eagle Bulk Shipping, according to a filing with US securities regulators at the close of trading on Wednesday.

GoldenTree sold its final 1.08m shares on Tuesday in a block trade at $48.50 per share, bringing in more than $53m.

Steven Tananbaum-led GoldenTree had held about 8.1%