| Name of Significant Subsidiary         | Jurisdiction of Incorporation |
|----------------------------------------|-------------------------------|
|                                   |                          |
| 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              |
| Besra Shipping LLC                     | Marshall Islands              |
| Bittern Shipping LLC                   | Marshall Islands              |
| Canary Shipping LLC                    | Marshall Islands              |
| Cardinal Shipping LLC                  | Marshall Islands              |
| Cernicalo 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              |
| Fulmar Shipping LLC                    | Marshall Islands              |
| Gannet Shipping LLC                    | Marshall Islands              |
| Golden Eagle Shipping LLC              | Marshall Islands              |
| Goldeneye Shipping LLC                 | Marshall Islands              |
| Goshawk 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 |
| Raptor Shipping LLC          | Marshall Islands |
| Redwing Shipping LLC         | Marshall Islands |
| Roadrunner Shipping LLC      | Marshall Islands |
| Robin Shipping LLC           | Marshall Islands |
| Saker Shipping LLC           | Marshall Islands |
| Sandpiper Shipping LLC       | Marshall Islands |
| Shikra Shipping LLC          | Marshall Islands |
| Shrike Shipping LLC          | Marshall Islands |
| Skua Shipping LLC            | Marshall Islands |
| Snipe Shipping LLC           | Marshall Islands |
| Sparrow Shipping LLC         | Marshall Islands |
| Sparrowhawk Shipping LLC     | Marshall Islands |
| Stellar Eagle Shipping LLC   | Marshall Islands |
| Swift 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 |
| Avlona Shipping S.A.         | Marshall Islands |
| Delfini Shipping S.A.        | Marshall Islands |
| Drosato Shipping S.A.        | Marshall Islands |
| Fountana Shipping S.A.       | Marshall Islands |
| Kampia Shipping S.A.         | Marshall Islands |
| Kofina 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 |
| Nenita Shipping S.A.   | Marshall Islands |
| Olympi Shipping S.A.   | Marshall Islands |
| Pelineo Shipping S.A.  | Marshall Islands |
| Pyrgi Shipping S.A.    | Marshall Islands |
| Rahi Shipping S.A.     | Marshall Islands |
| Sirikari Shipping S.A. | Marshall Islands |
| Spilia Shipping S.A.   | Marshall Islands |