Kelso Forms Delphin Shipping

Kelso & Co. has formed Delphin Shipping LLC, a Marshall Islands-based acquisition platform focused on the dry bulk and other shipping sectors. No financial terms were disclosed.

Delphin also has signed an agreement with Eagle Bulk Shipping (Nasdaq: EGLE), whereby Eagle “will have the initial opportunity to acquire any dry bulk vessels being evaluated for purchase by Delphin and will have a right of first offer on the sale of any drybulk vessel by Delphin.”