Eagle Bulk Shipping Inc. Takes Delivery
of 43rd and 44th Vessels

One Remaining Newbuilding Vessel to Take Delivery of

NEW YORK, Sep 6, 2011 (GlobeNewswire via COMTEX)

Eagle Bulk Shipping Inc. (Nasdaq:EGLE) today announced that it has taken delivery of two additional Supramax newbuildings, Puffin and Roadrunner, bringing Eagle Bulk's total on the water fleet to 44 vessels. The Puffin and the Roadrunner are 58,000 dwt Supramax dry bulk vessels.

Upon commencement of their contracted charters, the Puffin and Roadrunner are expected to contribute in excess of $35.4M of minimum contracted revenue.

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.

Eagle Bulk Shipping Inc. press release