Eagle Bulk Shipping Inc. to Issue Fourth Quarter and Fiscal Year 2005 Results and Hold Investor Conference Call


NEW YORK, March 1, 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 fourth quarter and fiscal year ended December 31, 2005, after the close of stock market trading on Monday, March 6th. Members of Eagle Bulk's senior management team will host a teleconference and webcast at 8:30 a.m. ET on Tuesday, March 7th, to discuss the results.

To participate in the teleconference, investors and analysts are invited to call 866-203-3436 in the U.S., or 617-213-8849 outside of the U.S., and reference participant code 92017882. 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 March 14, 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 30362013.

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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