NEW YORK, July 15, 2008 (PRIME NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq:EGLE) will report its financial results for the second quarter ended June 30, 2008, after the close of stock market trading on Wednesday, August 6th. Members of Eagle Bulk's senior management team will host a teleconference and webcast at 8:30 a.m. ET on Thursday, August 7th, to discuss the results.

To participate in the teleconference, investors and analysts are invited to call 866-770-7146 in the U.S., or 617-213-8068 outside of the U.S., and reference participant code 25570315. 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 p.m. ET on August 14th, 2008. To access the replay, call 888-286-8010 in the U.S., or 617-801-6888 outside of the U.S., and reference passcode 62102410.

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