| Code: 131219 |

TINNews |

TIN news:  Eagle Bulk Shipping, Inc. (Nasdaq:EGLE) today announced that it has taken delivery of the M/V Stonington Eagle, the third of 9 Crown-63 Ultramax dry bulk sister vessels the Company has acquired from Greenship Bulk Trust, as reported on March 27, 2017.

With the addition of the M/V Stonington Eagle, the current Eagle Bulk fleet consists of 43 vessels on the water, including 5 Ultramax vessels, with another 6 Ultramaxes set to be delivered over the coming months. The Company’s pro-forma owned-fleet will consist of 49 Supramaxes/Ultramaxes.

Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in Stamford, Connecticut. Eagle Bulk owns one of the largest fleets of Supramax/Ultramax dry bulk vessels in the world. Supramax/Ultramax vessels, which are constructed with on-board cranes, range in size from approximately 50,000 to 65,000 dwt. The Company transports a broad range of major and minor bulk cargoes, including but not limited to coal, grain, ore, pet coke, cement and fertilizer, along worldwide shipping routes.


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