Eagle Bulk Shipping Inc. Announces Resignation of Stanley H. Ryan from Board of Directors

Eagle Bulk Shipping Inc. is a fully integrated shipowner-operator. The Company provides global transportation solutions to a diverse group of customers, including miners, producers, traders and end users. The Company focuses on the versatile midsize dry bulk vessel segment and owns fleets of Supramax/Ultramax vessels in the world. Typical cargoes it transports include both bulk cargoes, such as iron ore, coal and grain, and minor bulk cargoes, such as fertilizer, steel products, petcoke and cement. It owns and operates a modern fleet of approximately 52 Supramax/Ultramax vessels, with an aggregate carrying capacity of 3.16 million deadweight tons (dwt) and an average age of 10 years. In addition to its owned fleet, the Company charters-in third party vessels on both a short-term and long-term basis. Its vessels include Antwerp Eagle, Bittern, Canary, Cape Town Eagle, Copenhagen Eagle, Crowned Eagle, Gibraltar Eagle, Greenwich Eagle and others.