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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 NoRHeH9jtN4gA6qGyETvesZN24Lqqg/pcQSXMGav3jXcQR8Cz/K6wEg7yCC6y6py
 i2UxYlbF4F4s8y6lFrP6dA==

<SEC-DOCUMENT>0000919574-10-003725.txt : 20100525
<SEC-HEADER>0000919574-10-003725.hdr.sgml : 20100525
<ACCEPTANCE-DATETIME>20100525105158
ACCESSION NUMBER:		0000919574-10-003725
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100520
FILED AS OF DATE:		20100525
DATE AS OF CHANGE:		20100525

ISSUER:		

	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
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		477 MADISON AVENUE
		STREET 2:		SUITE 1405
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-785-2500

	MAIL ADDRESS:	
		STREET 1:		477 MADISON AVENUE
		STREET 2:		SUITE 1405
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WINMILL THOMAS BASSETT
		CENTRAL INDEX KEY:			0001018500

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33831
		FILM NUMBER:		10855937

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 4
		CITY:			WALPOLE
		STATE:			NH
		ZIP:			03608
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>p768441.xml
<DESCRIPTION>WINMILL/EAGLE BULK
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2010-05-20</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001322439</issuerCik>
        <issuerName>Eagle Bulk Shipping Inc.</issuerName>
        <issuerTradingSymbol>EGLE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001018500</rptOwnerCik>
            <rptOwnerName>WINMILL THOMAS BASSETT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>477 MADISON AVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Non-Qualified Stock Option (Right to Purchase)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>4.92</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2010-05-20</value>
            </exerciseDate>
            <expirationDate>
                <value>2015-05-20</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <ownerSignature>
        <signatureName>/s/ Thomas Winmill</signatureName>
        <signatureDate>2010-05-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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