Eagle Bulk Shipping Inc. Reports Second Quarter 2007 Results

Second quarter 2007 highlights included: Net income increased by $2.5 million, or 27%, to $11.9 million ($0.29 per share based on a weighted average of 41,811,854 diluted shares) for the second quarter of 2007, from $9.4 million ($0.28 per share) for the second quarter of 2006.