NEW YORK (AP) ¿ Drybulk shipper Eagle Bulk Shipping Inc. said Friday it has taken delivery of a new vessel that is expected to generate a minimum of roughly $61 million in revenue from a 10-year charter contract.

Canary is a Supramax dry bulk vessel with a capacity of 58,000 deadweight tons.

The rate for the charter through January 2015 is $18,850 per day. After that, the contract converts to a profit-sharing charter with a base rate of $18,000 per day, Eagle Bulk Shipping said in a statement.

Shares of Eagle Bulk Shipping fell 14 cents, or 2.8 percent, to $4.94 in morning trading.

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