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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JR/SAh2Dqul7OLHEZsFI73eJMZVseQ5ThEeP8KQLpfJ5LOgjwtzy8zIRtx8BqGRu
 y8lAmj2RsOy6QWvZ+vzoDw==

<SEC-DOCUMENT>0000919574-05-002196.txt : 20050624
<SEC-HEADER>0000919574-05-002196.hdr.sgml : 20050624
<ACCEPTANCE-DATETIME>20050624210156
ACCESSION NUMBER:		0000919574-05-002196
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050623
FILED AS OF DATE:		20050624
DATE AS OF CHANGE:		20050624

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ZOULLAS SOPHOCLES N
		CENTRAL INDEX KEY:			0001331245

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51366
		FILM NUMBER:		05916118

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		212-785-2500

	MAIL ADDRESS:	
		STREET 1:		29 BROADWAY, SUITE 1610
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10006

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

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>p582042_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-06-23</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001331245</rptOwnerCik>
            <rptOwnerName>ZOULLAS SOPHOCLES N</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>29 BROADWAY, SUITE 1610</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10006</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>854882</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Eagle Ventures LLC</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The amount reported represents the pecuniary interest of Mr. Zoullas in the shares of Common Stock of Eagle Bulk Shipping
Inc. owned of record by Eagle Ventures LLC by virtue of Mr. Zoullas's status as a member of Eagle Ventures LLC. Mr. Zoullas
disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and
the inclusion of these securities in this report shall not be deemed to be an admission that Mr. Zoullas has beneficial
ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other
purposes.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>By: /s/ Sophocles N. Zoullas</signatureName>
        <signatureDate>2005-06-24</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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