GlobeNewswire Inc | Sep 17, 2021 08:00AM EDT

September 17, 2021

STAMFORD, Conn., Sept. 17, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (Eagle Bulk, Eagle or the Company), one of the worlds largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that it has taken delivery of its previously announced vessel acquisition, the M/V Antwerp Eagle.

The ship, which was acquired this past May, is a 2015-built, high specification scrubber-fitted SDARI-64 Ultramax vessel built at Jiangsu Hantong Ship Heavy Industry Co.

Proforma for the one pending vessel acquisition, the Companys fleet totals 53 ships with an average age of 8.8 years.

AboutEagle Bulk Shipping Inc.

Eagle Bulk Shipping Inc. (Eagle or the Company) is a US-based fully integrated shipowner-operator providing global transportation solutions to a diverse group of customers including miners, producers, traders, and end users. Headquartered in Stamford, Connecticut, with offices in Singapore and Copenhagen, Eagle focuses exclusively on the versatile mid-size drybulk vessel segment and owns one of the largest fleets of Supramax / Ultramax vessels in the world. The Company performs all management services in-house (including: strategic, commercial, operational, technical, and administrative) and employs an active management approach to fleet trading with the objective of optimizing revenue performance and maximizing earnings on a risk-managed basis. For further information, please visit our website: www.eagleships.com.

Company ContactFrank De CostanzoChief Financial OfficerEagle Bulk Shipping, Inc.Tel. +1 203-276-8100Email: investor@eagleships.com

Media ContactRose & CompanyTel. +1 212-359-2228

Source: Eagle Bulk Shipping Inc.