Eagle Bulk Shipping Inc. is a fully integrated shipowner-operator. The Company provides transportation solutions to a diverse group of customers, including miners, producers, traders and end users. It focused on the versatile midsize dry bulk vessel segment and owns fleets of Supramax/Ultramax vessels in the world. The Company performs all management services in-house (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. The Company owns fleet totaled approximately 53 vessels or 3.20 million dwt, with an average age of 9.6 years. In addition, it has charters in five Ultramax vessels on a long-term charter-in basis, each with a remaining lease term of less than one year. The Company also charters-in third-party vessels on a short-to medium-term basis.