Eagle Bulk Shipping confirmed acquiring a secondhand ultramax bulker for $27.5m on Tuesday, a week after TradeWinds reported the sale.

TradeWinds reported on 6 September that the Gary Vogel-led owner of ultramaxes and supramaxes had bought a seven-year-old ultramax for less than $28m from Ultrabulk of Denmark.

Eagle Bulk declined to comment on reports of the sale at the time but then said on Tuesday that it had bought a vessel of those characteristics for the same price.