Eagle Bulk Shipping Inc. to Issue First Quarter 2006 Results and Hold Investor Conference Call


NEW YORK, May 2, 2006 (PRIMEZONE) -- Eagle Bulk Shipping, Inc. (Nasdaq:EGLE), a global marine transportation company specializing in the Handymax segment of the dry-bulk shipping industry, will report its financial results for the 2006 first quarter after the close of stock market trading on Monday, May 8th. Members of Eagle Bulk's senior management team will host a teleconference and webcast at 8:30 a.m. ET on Tuesday, May 9th, to discuss the results.

To participate in the teleconference, investors and analysts are invited to call 800-291-9234 in the U.S., or 617-614-3923 outside of the U.S., and reference participant code 96196041. 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 May 16th, 2006. To access the replay, call 888-286-8010 in the U.S., or 617-801-6888 outside of the U.S., and reference passcode 81802376.

About Eagle Bulk Shipping Inc.

Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in New York. The Company is the largest U.S. based owner of Handymax dry bulk vessels. Handymax vessels range in size from 35,000 to 60,000 deadweight tons and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.



            

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