updated 5/5/2011 12:47:17 PM ET 2011-05-05T16:47:17

NEW YORK, May 5, 2011 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq:EGLE) announced today that the Company's Chief Financial Officer, Alan S. Ginsberg, will present at the Wells Fargo Securities Industrial and Construction Conference in New York on May 10th at 11:30 AM Eastern Time.

The presentation will be broadcast live over the internet by accessing http://cc.talkpoint.com/well001/051011a_cy/?entity=26_WVTV043 . In addition, the accompanying slide presentation will be available in the Investor Relations section of Eagle Bulk's website at www.eagleships.com.

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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