EAGLE BULK SHIPPING

Eagle Bulk Shipping Inc. is the largest US-based owner of Handymax dry bulk vessels. This modern fleet is comprised principally of Supramax class vessels, a larger and more efficient Handymax design that enjoys strong demand from customers around the world. They believe that the cargo handling flexibility and cargo carrying capacity of the Supramax class vessels provides a distinct competitive advantage in the dry bulk marketplace. Eagle Bulk™’s New York-based management team has, on average, 20 years of experience in the Handymax market. The Company’s low cost structure and stable, medium to long term chartering strategy provide the foundation for growth in the dry bulk shipping market.