NEW YORK, Nov. 9, 2006 (PRIMEZONE) -- Eagle Bulk Shipping, Inc. (Nasdaq:EGLE), a global marine transportation company specializing in the Supramax segment of the dry-bulk shipping industry, announced today that the Company's Chairman and Chief Executive Officer, Sophocles M. Zoullas, will present at Citigroup's 21st Annual Transportation Conference on Tuesday, November 14th, 2006 at 3:30 p.m. ET, at Le Parker Meridien Hotel in New York City.
The presentation will be broadcast live over the Internet and can be accessed at http://www.veracast.com/webcasts/citigroup/transportation06/62113169.cfm. In addition, the accompanying slide presentation and webcast 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. is a Marshall Islands corporation headquartered in New York City. We are the largest U.S.-based owner of Handymax dry bulk vessels, which are dry bulk vessels that range in size from 35,000 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. Our strategy is to charter our modern fleet primarily pursuant to one- to three-year time charters to allow us to take advantage of the stable cash flow and high utilization rates that are associated with medium- to long-term time charters.