Eagle Bulk Shipping Inc. to Issue First Quarter 2013 Results and Hold Investor Conference Call

Eagle Bulk Shipping Inc. to Issue First Quarter 2013 Results and Hold Investor
Conference Call

NEW YORK, May 13, 2013 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc.
(Nasdaq:EGLE) will report its financial results for the first quarter ended
March 31, 2013, after the close of stock market trading on Wednesday, May
15^th. Members of Eagle Bulk's senior management team will host a
teleconference and webcast at 8:30 a.m. ET on Thursday, May 16^th to discuss
the results.

To participate in the teleconference, investors and analysts are invited to
call 866-510-0707 in the U.S., or 617-597-5376  outside of the U.S., and
reference participant code 49839481. 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 PM ET on May 23,
2013. To access the replay, call 888-286-8010 in the U.S., or 617-801-6888
outside of the U.S., and reference passcode 43657265.

About Eagle Bulk Shipping Inc.

Eagle Bulk Shipping, Inc., headquartered inNew 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: Company Contact:
         Adir Katzav
         Chief Financial Officer
         Eagle Bulk Shipping Inc.
         Tel. +1 212-785-2500
        
         Investor Relations / Media:
         Jonathan Morgan
         Perry Street Communications, New York
         Tel. +1 212-741-0014
 
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