Eagle Bulk Shipping Inc. Announces Date for Third Quarter 2007 Results and Investor Conference Call


NEW YORK, Oct. 29, 2007 (PRIME NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq:EGLE) announced today that it will report its financial results for the 2007 third quarter after the close of stock market trading on Wednesday, November 7th. Members of Eagle Bulk's senior management team will host a teleconference and webcast at 8:30 a.m. ET on Thursday, November 8th, to discuss the results.

To participate in the teleconference, investors and analysts are invited to call 800-295-4740 in the U.S., or 617-614-3925 outside of the U.S., and reference participant code 49478312. 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 telephonic replay will be available following the call until 12:00 a.m. ET on November 15th, 2007. To access the replay, call 888-286-8010 in the U.S., or 617-801-6888 outside of the U.S., and reference passcode 71632247.

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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