Filed Pursuant to Rule 424(b)(7)
Registration No. 333-135708
Prospectus Supplement
(to Prospectus dated July 11, 2006)
EAGLE BULK SHIPPING INC.
333,333 SHARES OF COMMON STOCK
This Prospectus Supplement is related to 333,333 shares of our Common Stock
which may be sold from time to time by Highbridge International LLC.
This Prospectus Supplement supplements the information contained in our
Prospectus dated July 11, 2006 (as amended or supplemented, the "Prospectus"),
relating to the potential sale from time to time of up to 2,750,000 shares of
Common Stock of Eagle Bulk Shipping Inc. by certain of our stockholders who
acquired the shares in connection with a private placement completed on June 28,
2006. This Prospectus Supplement is not complete without, and may not be
delivered or utilized except in connection with, the Prospectus. Capitalized
terms used herein but not defined have the meanings assigned to such terms in
the Prospectus.
The following information supplements the information set forth in the
Prospectus under the caption "Selling Stockholders" with respect to the Selling
Stockholders, the number of Shares being offered by the Selling Stockholders and
the number and percentage of shares of Common Stock beneficially owned by the
Selling Stockholders before and after the offering of shares of Common Stock
pursuant to the Prospectus:
Selling Stockholder
Common Stock to be Percentage of Class
Name of Selling Common Stock Owned Total Common Stock owned after the owned after the
Stockholder Before Offering Hereby Offered Offering Offering
---------------------- -------------------- --------------------- --------------------- ---------------------
Highbridge 333,333 333,333 0 0%
International LLC
The date of this Prospectus Supplement is July 19, 2006