Eagle Bulk Shipping, Inc. to Present at Jefferies Second Annual Shipping Conference in New York.

NEW YORK, Sept. 8 /PRNewswire-FirstCall/ -- Eagle Bulk Shipping Inc. announced today that the Company's Chief Executive Officer Sophocles Zoullas and Chief Financial Officer Alan Ginsberg will be presenting at the Jefferies Second Annual Shipping Conference at the Mandarin Oriental Hotel in New York on Thursday, September 15, 2005 at 8:15 a.m. Eastern Daylight Time.

The presentation will be broadcast live over the Internet and can be accessed at http://www.jefferies.com/0905shipping. In addition the accompanying slide presentation will be available in the Investor Relations section of Eagle's website at http://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 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.

    Investor Contact                   Media Contact    Alan Ginsberg                      Jon Morgan    Chief Financial Officer            Kekst and Company    212-785-2500                       212-521-4800  

CONTACT: Investors - Alan Ginsberg, Chief Financial Officer of Eagle Bulk Shipping Inc., +1-212-785-2500; Media - Jon Morgan of Kekst and Company, +1-212-521-4800