Subsequent Event

3 Months Ended

Mar. 31, 2012

Subsequent Events [Abstract]

Subsequent Events

Note 11.  Subsequent Event

On November 17, 2011, Eagle Bulk shareholders granted authority for the Company's Board of Directors to effect a reverse stock split of the Company's issued and outstanding common stock.  On May 9, 2012, the Company's Board of Directors approved a one-for-four reverse stock split, expected to be effective on May 22, 2012. Eagle Bulk's common stock is expected to begin trading on NASDAQ on a split-adjusted basis when the market opens on May 23, 2012. The number of issued and outstanding shares of Eagle Bulk common stock will reduce from approximately 63.00 million to approximately 15.75 million. The number of authorized shares of common stock will not change. The change in the number of shares will be applied retroactively in consolidated financial statements following the effective date. All common share and per-share amounts herein have not been adjusted for the effects of the Reverse Stock Split, other than below.

	Three Months Ended
	March 31, 2012			March 31, 2011
Net loss	$	(17,433,529	)	$	(5,810,281	)
Pre-split:
Weighted average shares outstanding - Basic and Diluted:		63,003,286			62,560,436
Per share net loss - Basic and Diluted:	$	(0.28	)	$	(0.09	)
Post-split:
Weighted average shares outstanding - Basic and Diluted:		15,750,821			15,640,109
Per share net loss - Basic and Diluted:	$	(1.11	)	$	(0.37	)