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): December 2, 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                                         10006
- --------------------------------------                     ---------------------
             New York, New York                                  (Zip Code)
(Address of principal executive offices)


(Registrant's telephone number, including area code): (212) 785-2500







Item 7.01. Regulation FD

On December 2, 2005, the Registrant issued a press release announcing the
acquisition of a Supramax drybulk vessel. A copy of the press release is
attached hereto as Exhibit 99.1.






Exhibit 99.1


Eagle Bulk Shipping, Inc. Announces Delivery of Supramax Drybulk Vessel

NEW YORK,  NY, Dec. 2, 2005 -- Eagle Bulk  Shipping  Inc.  (Nasdaq:  EGLE),  the
largest U.S.  based owner of Handymax dry bulk  vessels,  announced  that it has
taken  delivery  of the m/v Heron,  a 2001 built  52,827 dwt  Supramax  dry bulk
vessel.  The Company has employed the vessel on a 24 to 26 month time charter at
a rate of $24,000 per day.

The Eagle Bulk Shipping Inc fleet now consists of 13 dry bulk vessels  including
9 Supramax and 4 Handymax  vessels,  with a cargo  carrying  capacity of 643,890
deadweight tons, and a fleet average age of 5.5 years.

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  that 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 http://www.eagleships.com

    Investor Contact                    Media Contact
     Alan Ginsberg                      Jon Morgan
     Chief Financial Officer            Kekst and Company
     212-785-2500                       212-521-4800

SOURCE Eagle Bulk Shipping Inc.

CONTACT: Investors: Alan Ginsberg, Chief Financial Officer, +1-212-785-2500,  or
Media:  Jon  Morgan,  of Kekst and  Company,  +1-212-521-4800,  for  Eagle  Bulk
Shipping Inc.







                                   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.


December 2, 2005
                                    EAGLE BULK SHIPPING INC.


                                    By:  /s/ Sophocles N. Zoullas
                                         ---------------------------
                                             Sophocles N. Zoullas
                                         Chief Executive Officer and President






25083.0001 #623118