Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with emphasis on the Supramax class of vessels. Supramax dry bulk vessels range in size from 50,000 to 60,000 deadweight tons (dwt). As of December 31, 2014, the Company owned and operated a fleet of 45 oceangoing vessels, 43 Supramax and 2 Handymax, with a combined carrying capacity of 2,451,259 deadweight tons and an average age of approximately 7.6 years. The Company carries out the commercial and strategic management of its fleet through its wholly owned subsidiary, Eagle Shipping International (USA) LLC and Eagle Bulk Pte. Ltd.