The following is a list of subsidiaries of Eagle Bulk Shipping Inc. as of the date of the registration statement of which it forms an exhibit.

Entity		Jurisdiction of Incorporation or Formation
Agali Shipping S.A.		Marshall Islands
Anemi Maritime Services S.A.		Liberia
Avalona Shipping S.A.		Marshall Islands
Cardinal Shipping LLC		Marshall Islands
Condor Shipping LLC		Marshall Islands
Crested Eagle Shipping LLC		Marshall Islands
Crowned Eagle Shipping LLC		Marshall Islands
Delfini Shipping S.A.		Marshall Islands
Drosato Shipping S.A.		Marshall Islands
Eagle Bulk (Delaware) LLC		Delaware
Eagle Shipping International (USA) LLC		Marshall Islands
Falcon Shipping LLC		Marshall Islands
Fountana Shipping S.A.		Marshall Islands
Golden Eagle Shipping LLC		Marshall Islands
Griffon Shipping LLC		Marshall Islands
Harrier Shipping LLC		Marshall Islands
Hawk Shipping LLC		Marshall Islands
Heron Shipping LLC		Marshall Islands
Imperial Eagle Shipping LLC		Marshall Islands
Jaeger Shipping LLC		Marshall Islands
Kampia Shipping S.A.		Marshall Islands
Kestrel Shipping LLC		Marshall Islands
Kite Shipping LLC		Marshall Islands
Kittiwake Shipping LLC		Marshall Islands
Kofina Shipping S.A.		Marshall Islands
Marmaro Shipping S.A.		Marshall Islands
Merlin Shipping LLC		Marshall Islands
Mesta Shipping S.A.		Marshall Islands
Mylos Shipping S.A.		Marshall Islands
Nagos Shipping S.A.		Marshall Islands
Nenita Shipping S.A.		Marshall Islands
Olympi Shipping S.A.		Marshall Islands
Oriole Shipping LLC		Marshall Islands
Osprey Shipping LLC		Marshall Islands
Pelineo Shipping S.A.		Marshall Islands
Peregrine Shipping LLC		Marshall Islands
Petrel Shipping LLC		Marshall Islands
Puffin Shipping LLC		Marshall Islands