Filed Pursuant to Rule 424(b)(7)
Registration No. 333-135708
Prospectus Supplement
(to Prospectus dated July 11, 2006)
EAGLE BULK SHIPPING INC.
215,000 SHARES OF COMMON STOCK
This Prospectus Supplement is related to 215,000 shares of our Common Stock
which may be sold from time to time by Portside Growth and Opportunity Fund.
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 Percentage
Name of Common Stock Total Common Stock to be of Class
Selling Owed Before Stock Hereby owned after the owned after
Stockholder Offering Offered Offering the Offering
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Portside
Growth and
Opportunity
Fund 215,000 215,000 0 0%
The date of this Prospectus Supplement is July 24, 2006
SK 25083 0001 687996 v3