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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,
 IvGQuCVYdDTE2A1qH4BKIEeYZiQApqIDWJDi2ucdMs1vTULM/vBhdQ1zpeBcEVkz
 1KfhrlfyC8ssnYtRTV5v1A==

<SEC-DOCUMENT>0000919574-05-004046.txt : 20051123
<SEC-HEADER>0000919574-05-004046.hdr.sgml : 20051123
<ACCEPTANCE-DATETIME>20051123160546
ACCESSION NUMBER:		0000919574-05-004046
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20051122
FILED AS OF DATE:		20051123
DATE AS OF CHANGE:		20051123

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GINSBERG ALAN S
		CENTRAL INDEX KEY:			0001331365

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51366
		FILM NUMBER:		051225074

	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>4
<SEQUENCE>1
<FILENAME>p621148_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-11-22</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001331365</rptOwnerCik>
            <rptOwnerName>GINSBERG ALAN S</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 Financial Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.01</value>
            </securityTitle>
            <transactionDate>
                <value>2005-11-22</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>31</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>14.50</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>47308</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Eagle Ventures LLC</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Before underwriting discounts and commissions of $0.725</footnote>
        <footnote id="F2">The amount reported represents the pecuniary interest of Mr. Ginsberg in the shares of common stock of Eagle Bulk Shipping
Inc. owned of record by Eagle Ventures LLC, by virtue of Mr. Ginsberg 's status as a member of Eagle Ventures LLC. Mr.
Ginsberg 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. Ginsberg 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/ Alan S. Ginsberg</signatureName>
        <signatureDate>2005-11-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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