EXHIBIT 21.1



The following is a list of the subsidiaries of Eagle Bulk Shipping Inc. as of March 30, 2016.



|Name of Significant Subsidiary         | Jurisdiction of Incorporation
|-------------------------------------- | -----------------------------
|Eagle Shipping LLC                     | Marshall Islands             
|Eagle Shipping International (USA) LLC | Marshall Islands             
|Eagle Ship Management LLC              | Delaware                     
|Eagle Management Consultants LLC       | Delaware                     
|Eagle Bulk Pte. Ltd.                   | Singapore                    
|Eagle Bulk Shipping Pte. Ltd           | Singapore                    
|Eagle Bulk (Delaware) LLC              | Delaware                     
|Avocet Shipping LLC                    | Marshall Islands             
|Bittern Shipping LLC                   | Marshall Islands             
|Canary Shipping LLC                    | Marshall Islands             
|Cardinal Shipping LLC                  | Marshall Islands             
|Condor Shipping LLC                    | Marshall Islands             
|Crane Shipping LLC                     | Marshall Islands             
|Crested Eagle Shipping LLC             | Marshall Islands             
|Crowned Eagle Shipping LLC             | Marshall Islands             
|Egret Shipping LLC                     | Marshall Islands             
|Falcon Shipping LLC                    | Marshall Islands             
|Gannet Shipping LLC                    | Marshall Islands             
|Golden Eagle Shipping LLC              | Marshall Islands             
|Goldeneye Shipping LLC                 | Marshall Islands             
|Grebe Shipping LLC                     | Marshall Islands             
|Griffon Shipping LLC                   | Marshall Islands             
|Harrier Shipping LLC                   | Marshall Islands             
|Hawk Shipping LLC                      | Marshall Islands             
|Heron Shipping LLC                     | Marshall Islands             
|Ibis Shipping LLC                      | Marshall Islands             
|Imperial Eagle Shipping LLC            | Marshall Islands             
|Jaeger Shipping LLC                    | Marshall Islands             
|Jay Shipping LLC                       | Marshall Islands             
|Kestrel Shipping LLC                   | Marshall Islands             
|Kingfisher Shipping LLC                | Marshall Islands             
|Kite Shipping LLC                      | Marshall Islands             
|Kittiwake Shipping LLC                 | Marshall Islands             
|Martin Shipping LLC                    | Marshall Islands             
|Merlin Shipping LLC                    | Marshall Islands             
|Nighthawk Shipping LLC                 | Marshall Islands             
|Oriole Shipping LLC                    | Marshall Islands             
|Osprey Shipping LLC                    | Marshall Islands             
|Owl Shipping LLC                       | Marshall Islands             
|Peregrine Shipping LLC                 | Marshall Islands             
|Petrel Shipping LLC                    | Marshall Islands             
|Puffin Shipping LLC                    | Marshall Islands             
|Redwing Shipping LLC                   | Marshall Islands             
|Roadrunner Shipping LLC                | Marshall Islands             
|Sandpiper Shipping LLC                 | Marshall Islands             
|Shrike Shipping LLC                    | Marshall Islands             
|Skua Shipping LLC                      | Marshall Islands             
|Sparrow Shipping LLC                   | Marshall Islands             
|Stellar Eagle Shipping LLC             | Marshall Islands             
|Tern Shipping LLC                      | Marshall Islands             
|Thrasher Shipping LLC                  | Marshall Islands             
|Thrush Shipping LLC                    | Marshall Islands             
|Woodstar Shipping LLC                  | Marshall Islands             
|Wren Shipping LLC                      | Marshall Islands             
|Anemi Maritime Services S.A.           | Liberia                      
|Agali Shipping S.A.                    | Marshall Islands             
|Kampia Shipping S.A.                   | Marshall Islands             
|Marmaro Shipping S.A.                  | Marshall Islands             
|Mesta Shipping S.A.                    | Marshall Islands             
|Mylos Shipping S.A.                    | Marshall Islands             
|Nagos Shipping S.A.                    | Marshall Islands             
|Rahi Shipping S.A.                     | Marshall Islands             
|Sirikari Shipping S.A.                 | Marshall Islands             
|Spilia Shipping S.A.                   | Marshall Islands