Eagle Bulk Shipping Inc. to Issue Fourth Quarter and Year End 2007 Results and Hold Investor Conference Call


NEW YORK, Feb. 21, 2008 (PRIME NEWSWIRE) -- Eagle Bulk Shipping, Inc. (Nasdaq:EGLE) will report its financial results for the fourth quarter and fiscal year ended December 31, 2007, after the close of stock market trading on Wednesday, February 27. Members of Eagle Bulk's senior management team will host a teleconference and webcast at 8:30 a.m. ET on Thursday, February 28, to discuss the results.

To participate in the teleconference, investors and analysts are invited to call 800-561-2813 in the U.S., or 617-614-3529 outside of the U.S., and reference participant code 32085525. A simultaneous webcast of the call, including a slide presentation for interested investors and others, may be accessed by visiting http://www.eagleships.com.

A replay will be available following the call until 12:00 a.m. ET on March 5, 2008. To access the replay, call 888-286-8010 in the U.S., or 617-801-6888 outside of the U.S., and reference passcode 90615436.

About Eagle Bulk Shipping Inc.

Eagle Bulk Shipping, Inc., headquartered in New York City, is a leading global owner of Supramax dry bulk vessels, which are dry bulk vessels that range in size from 50,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. Our strategy is to charter our modern fleet on medium to long-term time charters which allow us to take advantage of the stable cash flow and high utilization rates that are associated with such charters.



            

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