Eagle Bulk Takes Delivery of M/V Southport Eagle

Stamford, Conn. - May 08, 2017

Eagle Bulk Shipping, Inc. (Nasdaq:EGLE) today announced that it has taken delivery of the M/V Southport Eagle, the second of 9 Crown-63 Ultramax dry bulk sister vessels the Company has acquired from Greenship Bulk Trust, as reported on March 27, 2017.

With the addition of the M/V Southport Eagle, the current Eagle Bulk fleet consists of 42 vessels on the water, including 4 Ultramax vessels, with another 7 Ultramaxes set to be delivered over the coming months. The Company’s pro-forma owned-fleet will consist of 49 Supramaxes/Ultramaxes.

About Eagle Bulk Shipping
Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in Stamford, Connecticut. Eagle Bulk owns one of the largest fleets of Supramax/Ultramax dry bulk vessels in the world. Supramax/Ultramax vessels, which are constructed with on-board cranes, range in size from approximately 50,000 to 65,000 dwt. The Company transports a broad range of major and minor bulk cargoes, including but not limited to coal, grain, ore, pet coke, cement and fertilizer, along worldwide shipping routes.

Eagle Bulk Shipping Inc. press release