-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M+c0N5K06UlUfCCXkvaBilQNe8P9YYqgeDM8frLSkoBIfGn8qbPwEHDjupvFR8Or ulZfFAbMI2Q/SFnOe+9JqQ== 0000919574-05-003176.txt : 20050901 0000919574-05-003176.hdr.sgml : 20050901 20050901143344 ACCESSION NUMBER: 0000919574-05-003176 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050831 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20050901 DATE AS OF CHANGE: 20050901 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Eagle Bulk Shipping Inc. CENTRAL INDEX KEY: 0001322439 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 980450435 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51366 FILM NUMBER: 051064376 BUSINESS ADDRESS: STREET 1: 29 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10006 BUSINESS PHONE: 212-785-2500 MAIL ADDRESS: STREET 1: 29 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10006 8-K 1 d598468_8-k.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 31, 2005 EAGLE BULK SHIPPING INC. (Exact name of each Registrant as specified in its Charter) Marshall Islands 000-51366 98-0453513 - ------------------------------- ------------------------- ------------------- (State or other jurisdiction (Commission File Number) (IRS employer of incorporation or organization) identification no.) 29 Broadway, New York, New York 10006 - ----------------------------------------- ----------------- (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code): (212) 785-2500 Item 7.01. Regulation FD On August 31, 2005, the Registrant issued a press release announcing the delivery of its eleventh vessel. A copy of the press release is attached hereto as Exhibit 99.1. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. September 1, 2005 EAGLE BULK SHIPPING INC. By: /s/ Sophocles N. Zoullas ---------------------------- Sophocles N. Zoullas Chief Executive Officer and President 25083.0001 #598468 EX-99 2 d598474_ex99-1.txt Exhibit 99.1 Investor Contact Media Contact - ---------------- ------------- Alan Ginsberg Jon Morgan Chief Financial Officer Kekst and Company 212-785-2500 212-521-4800 EAGLE BULK SHIPPING, INC. TAKES DELIVERY OF ELEVENTH VESSEL -- Supramax Bulker Osprey I Joins Eagle Bulk Fleet -- New York, NY, August 31, 2005 -- Eagle Bulk Shipping Inc. (NASD: EGLE), the largest U.S. based owner of Handymax dry bulk vessels, today announced that it has taken delivery of its eleventh vessel, the Osprey I, a 50,206 dwt Supramax dry bulk carrier built 2002. The vessel, which is the seventh Supramax bulk carrier to join the Eagle fleet, will immediately begin service under a time charter at the rate of $21,000 per day, expiring between July 2008 and November 2008. Sophocles N. Zoullas, Chairman and Chief Executive Officer, commented, "Eagle Bulk has met its stage one vessel acquisition goals by adding the Osprey I, the third vessel Eagle has taken delivery of since our initial public offering, and the eleventh vessel to join the Eagle fleet overall. Moreover, as a sister-ship to four existing Eagle vessels, the Osprey I provides both scheduling and operating efficiencies. "The delivery of the Osprey I further enhances the Company's ability to benefit from the growing global demand for dry bulk shipping, and is consistent with management's confidence in the operating superiority of Supramax bulk carriers," Mr. Zoullas concluded. About Eagle Bulk Shipping Inc. - ------------------------------ Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in New York City. We are the largest U.S. based owner of Handymax dry bulk vessels, which are dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. Our strategy is to charter our modern fleet primarily pursuant to one- to three-year time charters to allow us to take advantage of the stable cash flow and high utilization rates that are associated with medium- to long-term time charters. Forward-Looking Statement - ------------------------- Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our 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 release 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 and charter contracts 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. Visit our website at www.eagleships.com 25083.0001 #598474 -----END PRIVACY-ENHANCED MESSAGE-----