Eagle Bulk Shipping (EGLE) 8-K 7th Global Shipping Conference

EXHIBIT 99.1

EAGLE BULK SHIPPING INC.

EAGLE BULK SHIPPING INC.

Jefferies

7th Global Shipping Conference

8 September 2010

EAGLE BULK SHIPPING INC.

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Forward Looking Statements

This presentation contains certain statements that may be deemed to be “forward-looking statements” within the
meaning of the Securities Acts. Forward-looking statements reflect management’s current views with respect to
future events and financial performance and may include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other statements, which are other
than statements of historical facts. The forward-looking statements in this presentation are based upon various
assumptions, many of which are based, in turn, upon further assumptions, including without limitation,
management's examination of historical operating trends, data contained in our records and other data available
from third parties. Although Eagle Bulk Shipping Inc. believes that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant uncertainties and contingencies which
are difficult or impossible to predict and are beyond our control, Eagle Bulk Shipping Inc. cannot assure you that
it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could
cause actual results to differ materially from those discussed in the forward-looking statements include the
strength of world economies and currencies, general market conditions, including changes in charterhire rates
and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and
unscheduled drydocking, changes in our vessel operating expenses, including dry-docking and insurance costs,
or actions taken by regulatory authorities, ability of our counterparties to perform their obligations under sales
agreements, charter contracts, and other agreements on a timely basis, potential liability from future litigation,
domestic and international political conditions, potential disruption of shipping routes due to accidents and
political events or acts by terrorists. Risks and uncertainties are further described in reports filed by Eagle Bulk
Shipping Inc. with the US Securities and Exchange Commission.

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Agenda

§Investment Thesis

§Results and Highlights

§The Fleet

§Industry

§Financials

§Conclusion

Investment Thesis

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Eagle Bulk, Global Leader in the Supramax Class

Transformational Growth
		September, 2005	September, 2010	% Change
Fleet	Number of vessels	11	47	+327.3%
	Total DWT	540,456	2,552,800	+372.3%
	OTW Average Age (years)	5.8	4.6	-20.7%
Commercial Current Year Chartering Strategy	Fixed	100%	60%	-
	Indexed	0%	20%	-
	Open	0%	20%	-
Operational	Fleet Utilization	99.6%	99.9%	-
	Technical Managers	1	4 (including in-house)	-
Financial	Enterprise Value	$509m	$1,272m	+149.9%

Growth Delivered

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Eagle Bulk Establishes Trading Capabilities

Capturing value in all shipping cycles

Eagle Bulk Pte Ltd:

§Freight Trading division setup byEagle Bulk
Shipping Inc.

§Headed by Keith Denholm,
ex-Commercial Director at Pacific Carriers
Limited (Singapore) and Malaysian Bulk
Carriers Berhad.

§Objective:

§Leverage the Company’s growing scale in
order to generate excess-returns in all
shipping cycles.

§Strategy:

§Develop value-added relationships with
major industrial producers and users of
drybulk commodities.

§Capitalize on market opportunities for both
vessels (i.e. tonnage) and cargoes;
monitor global markets 24/7.

Eagle Bulk Pte Ltd Core Activities

§Trading spot

§Contracts of Affreightment

§Timecharter-In/Out

§Paper derivatives

§Risk Management

New York

Global Market Coverage 24/7

Results and Highlights

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1H 2010 Results and YTD Highlights

Results:

§Net Income of $15.6 million or $0.25 per share.

§Revenues, net of commissions, of $119.9 million.

§EBITDA* of $74.6 million.

§Fleet utilization of 99.5%.

Highlights:

§Took delivery of 12 newbuilding Supramaxes, expanding fleet by 44.4% to 39:

§1Q- 6 vessels

§2Q- 3 vessels

§3Q- 3 vessels to-date

*EBITDA, as defined by the Company’s credit agreement, is calculated as net income plus interest exp., depreciation, amortization, and exceptional items

The Fleet

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	Vessel	DWT	Year Built		Vessel	DWT	Year Built		Vessel	DWT	Year Built
1	Martin	57,776	2010	14	Bittern	57,809	2009	27	Kittiwake	53,146	2002
2	Kingfisher	57,776	2010	15	Stellar Eagle	55,989	2009	28	Goldeneye	52,421	2002
3	Jay	57,802	2010	16	Crested Eagle	55,989	2009	29	Osprey I	50,206	2002
4	Ibis Bulker	57,775	2010	17	Crowned Eagle	55,940	2008	30	Heron	52,827	2001
5	Grebe Bulker	57,809	2010	18	Woodstar	53,390	2008	31	Falcon	51,268	2001
6	Gannet Bulker	57,809	2010	19	Wren	53,349	2008	32	Peregrine	50,913	2001
7	Imperial Eagle	55,989	2010	20	Redwing	53,411	2007	33	Condor	50,296	2001
8	Avocet	53,462	2010	21	Cardinal	55,362	2004	34	Harrier	50,296	2001
9	Thrasher	53,360	2010	22	Jaeger	52,248	2004	35	Hawk I	50,296	2001
10	Golden Eagle	55,989	2010	23	Kestrel I	50,326	2004	36	Merlin	50,296	2001
11	Egret Bulker	57,809	2010	24	Skua	53,350	2003	37	Sparrow	48,225	2000
12	Crane	57,809	2010	25	Shrike	53,343	2003	38	Kite	47,195	1997
13	Canary	57,809	2009	26	Tern	50,200	2003	39	Griffon	46,635	1995

On-the-water Fleet

TOTAL VESSEL COUNT 39 TOTAL DWT 2,093,700 AVERAGE AGE (by DWT) 4.6yrs

One of the largest and most modern Supramax fleets in the world

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Fleet Expansion Contributing to Cash Flow

2010 Newbuilding Charters
	Vessel	Delivery	TC Expiration	TC Rate	MinimumContracted Revenue
1	Crane	1Q10	2019	$18,850	$60m*
2	Egret Bulker	1Q10	2013	$17,650	$19m*
3	Golden Eagle	1Q10	2011	indexed to BSI	market
4	Thrasher	1Q10	2019	$18,400	$59m*
5	Avocet	1Q10	2019	$18,400	$59m*
6	Imperial Eagle	1Q10	2011	indexed to BSI	market
7	Gannet Bulker	2Q10	2013	$17,650	$19m*
8	Grebe Bulker	2Q10	2013	$17,650	$19m*
9	Ibis Bulker	2Q10	2013	$17,650	$19m*
10	Jay	3Q10	2018	$18,500	$56m*
11	Kingfisher	3Q10	2018	$18,500	$56m*
12	Martin	3Q10	2017	$18,400	$44m
TOTAL					$410m**

*Excludes profit-sharing revenue- Egret Bulker, Gannet Bulker, Grebe Bulker, Ibis Bulker, Jay, and Kingfisher profit shares are in effect.

**Excludes both profit-sharing and indexed revenue.

Long-term Visibility

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§One vessel to be delivered in 4Q 2010
charter-free.

§Seven additional vessels to be
delivered in 2011.

§All have fixed charters which are
expected to generate combined
minimum contracted revenues of
$200m.

Eagle vessel-owned days, CAGRe > 25%

Newbuildings funded from existing cash, facility, and operations

Fleet Expansion Contributing to Cash Flow

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Supramax Versatility

*Includes alumina, copper, fertilizers, salt, and other.

65% of cargoes carried in 2Q 2010 were “Capesize and Panamax cargoes”

Eagle Bulk 2Q10 Cargoes

§3.4m MT carried in the quarter, +47.1% y/y.

Drybulks		Cargoes Carried by Asset Class
		Handymax / Supramax	Panamax	Capesize
1	Iron Ore	yes	yes	yes
2	Coal	yes	yes	yes
3	Grains / Soybeans	yes	yes
4	Other Ores	yes
5	Cement	yes
6	Coke	yes
7	Steels	yes
8	Scrap Iron	yes
9	Aggregates	yes
10	Sugar	yes
11	Miscellaneous*	yes

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Eagle Bulk Historic Cargoes

CAGR= 58.2%

Industry

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Power Generation to Dominate Drybulk Trade

Source: CNEA, Peabody

Electricity Usage per Capita

Coal-fueled plants coming online in 2010
Region	Coal required (mMT)	%
China	212	58.1%
India	80	21.9%
Other Asia	34	9.3%
U.S.	25	6.9%
Other	14	3.8%
Total	365	100.0%

§Met coal seaborne trade expected to reach
265m MT in 2010, representing a 17%
increase y/y.

§Steel production to increase 50%by
2020.

§Thermal coal seaborne trade expected to
reach 713m MT in 2010, representing a 4%
increase y/y.

§Coal-fired power generation to grow
60% by 2020 to reach 1.4k GW.

Seaborne trade to reach 1.2B MT by 2015,

+40% from current levels

Coal to Increase Ton-miles

5yr Import/Export Growth Projection (incremental trade)

Canada:
5m

U.S.A.:
5m

Colombia:
25m

Atlantic:
(50m)

Russia:
15m

South Africa:
15m

Australia:
170m

India:
(150m)

China:
(150m)

Korea:
(40m)

Japan:
(30m)

Indonesia:
80m

EXPORTS

IMPORTS

Demand to outstrip supply

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Grains to contribute to 2H 2010 Supramax Earnings

§China’s improving standard of living is leading to
increased demand for meat and dairy products:

§Urban household incomes up 10% y/y.
Leading to:

§Meat product and dairy demand expected to
grow at 7% and 10% per annum,
respectively, for the next 5 years.

§Increasing feedstock required to meet
this growing demand.

§China imports over 50% of the world’s
soybean exports, demand growth
expected at 8% per annum for the next
three years.

§Corn demand expected to grow 5% per
annum for the next five years.

2010 Wheat Trade

Source: Cargill, Clarksons, JPM

§Severe drought in the Baltic Sea region
has forced Russia to ban wheat exports
until December 31 2010.

§U.S.D.A. predicts record harvest
for the year.

§Supply substitution will result in
increased ton-mile demand.

§Supramaxes have replaced
Panamaxes as prime beneficiary
on U.S. grain trade.

§BHP Billiton’s bid for Potash
Corporation highlights the positive long-
term fundamentals for fertilizer, a key
requirement for meat and plant
production.

Fertilizers

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Other Factors Affecting Drybulk

Congestion:

§Inadequate port and in-land
infrastructure will continue to soak-up
tonnagein the market.

§Increasing global fleet will compete
for drydock services resulting in
bottlenecks/delays which will in-turn
affect utilization.

Source: Clarksons, Peabody

Intra-China Seaborne Coal Trade Routes

Supramax Congestion Calculator

-One vessel > 9 voyages per year.

-Nine voyages = 18 ports of call.

-Assume 3 days delay per vessel for load/discharge

-18 ports of call * 3 delay days= 54 delay days

-54 delay days *755 vessels= 40,770 total delay days

-40,770 delay days / 365 =

= 111 vessels (14.8% of fleet) per annum

§This hidden demand is expected to reach 480m MT
in 2010, representing an additional 50% to reported
international seabornecoal trade volumes.

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Sub-Panamax: Oldest Fleet / Greatest Slippage

Source: Clarksons, ICAP, SSY

Drybulk Fleet Over 25yrs of Age

Scrapping, currently at low levels, can positively impact the market

2010e Newbuilding Delivery Slippage

1,572
vessels

70
vessels

262
vessels

Financials

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1H 2010 Earnings

Period ending June 30th   (in $000’s,except per share data)
		1H 2010	1H 2009
REVENUES, net of commissions		$119,856	$108,999
EXPENSES
	Vessel expenses	31,530	26,005
	Depreciation and amortization	29,243	21,234
	General and administrative expenses	19,852	17,944
	Total operating expenses	80,625	65,183
OPERATING INCOME		$39,231	$43,816
	Interest expense	23,785	13,302
	Interest income	(140)	(70)
	Net interest expense	23,645	13,232
NET INCOME		$15,586	$30,584
EBITDA		$68,474	$65,050
EPS (Basic and Diluted)		$0.25	$0.62
Weighted average shares outstanding
Basic		62,215,915	49,656,431
Diluted		62,366,183	49,626,359

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Balance Sheet

As of: June 30, 2010
(in $000’s)

Cash and Restricted Cash

$120,410

Other current assets

14,702

Vessels, net

1,409,038

Advances for vessel construction

240,592

Other assets

28,023

Total assets

$1,812,765

Current liabilities

$33,714

Long-term debt

1,080,241

Other liabilities

54,708

Stockholder’s equity

644,102

Total liabilities and stockholder’s equity

$1,812,765

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2010 Estimated Cash Break-Even Levels

Daily Cash Expenses
Vessel	$5,116
Technical Management	307
G&A	1,521
Cash Interest (net)	3,850
Drydocking	603
Break-Even	$11,397

$11,397 per day cash break-even cost for 2H 2010

Vessel expenses are comprised of the following items: crew wages and related, insurance, repair and maintenance, stores, spares, and
related inventory, tonnage taxes, newbuilding pre-operating costs (associated with taking delivery of vessels).Eagle anticipates higher
costs relating to crewing and oil based supplies, including lubes and paints. The Company makes an allowance for drydocking
constraints (i.e. decreased drydock capacity drives up costs).

Conclusion

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Supramax: Best Asset Class	§Most versatile and flexible vessels in drybulk. §Stable earnings.
Fleet	§One of the largest and most modern Supramax fleets in the world. §Average age of 4.6 years.
Commercial	§Fixed charter coverage on existing fleet and newbuilds provide for strong and long-term cash flow visibility. §Open/Indexed exposure allow for upside to earnings. §Trading activities to capture value in all shipping cycles.
Operational	§In-house technical management allows for benchmarking (of third-party managers) and improved control/costs. §Superior fleet utilization, almost 100% for 2Q 2010.
Company	§Headquartered in New York City

Key Takeaways