updated 5/3/2011 10:47:01 AM ET 2011-05-03T14:47:01

NEW YORK, May 3, 2011 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq:EGLE) will report its financial results for the first quarter ended March 31, 2011, after the close of stock market trading on Monday, May 9th. Members of Eagle Bulk's senior management team will host a teleconference and webcast at 8:30 a.m. ET on Tuesday, May 10th to discuss the results.

To participate in the teleconference, investors and analysts are invited to call 800-510-0178 in the U.S., or 617-614-3450 outside of the U.S., and reference participant code 45795794. 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 11:59 PM ET on May 17, 2011. To access the replay, call 888-286-8010 in the U.S., or 617-801-6888 outside of the U.S., and reference passcode 12542187.

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.

CONTACT: Eagle Bulk Shipping Inc.
         Investor Contact
         Alan Ginsberg, Chief Financial Officer
         (212) 785-2500
         
         Perry Street Communications
         Media Contact
         Jonathan Morgan
         (212) 741-0014

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