Exhibit31.1

CERTIFICATION OF THE PRINCIPAL EXECUTIVEOFFICER

I, Sophocles Zoullas, certifythat:

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| 1.  | I have reviewed this annual report on Form10-K of Eagle Bulk Shipping Inc.; |

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| 2.  | Based on myknowledge, this report does not contain any untrue statement of amaterial fact or omit to state a material fact necessary to make thestatements made, in light of the circumstances under which suchstatements were made, not misleading with respect to the period coveredby this report; |

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| 3.  | Based on my knowledge, thefinancial statements, and other financial information included in thisreport, fairly present in all material respects the financialcondition, results of operations and cash flows of the registrant asof, and for, the periods presented in thisreport; |

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| 4.  | The registrant’s other certifyingofficer and I are responsible for establishing and maintainingdisclosure controls and procedures (as defined in Exchange Act Rules13a-15(e) and 15d-15(e)) and internal control over financial reporting(as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for theregistrant and have: |

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|  | a)  | designed such disclosurecontrols and procedures, or caused such disclosure controls andprocedures to be designed under our supervision, to ensure thatmaterial information relating to the registrant, including itsconsolidated subsidiaries, is made known to us by others within thoseentities, particularly during the period in which this report is beingprepared; |

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|  | b)  | designed such internal control overfinancial reporting, or caused such internal control over financialreporting to be designed under our supervision, to provide reasonableassurance regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordancewith generally accepted accountingprinciples; |

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|  | c)  | evaluated the effectiveness of theregistrant’s disclosure controls and procedures and presented inthis report our conclusions about the effectiveness of the disclosurecontrols and procedures, as of the end of the period covered by thisreport based on such evaluation; and |

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|  | d)  | disclosedin this report any change in the registrant’s internal controlover financial reporting that occurred during the registrant’sfourth fiscal quarter that has materially affected, or is reasonablylikely to materially affect, the Company’s internal control overfinancial reporting; and |

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| 5.  | The registrant’sother certifying officer and I have disclosed, based on our most recentevaluation of internal control over financial reporting, to theregistrant’s auditors and the audit committee of theregistrant’s board of directors (or persons performing theequivalent functions): |

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|  | a)  | all significantdeficiencies and material weaknesses in the design or operation ofinternal control over financial reporting which are reasonably likelyto adversely affect the registrant’s ability to record, process,summarize and report financial information;and |

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|  | b)  | any fraud, whether or not material, thatinvolves management or other employees who have a significant role inthe registrant’s internal control over financial reporting |

Date: February  28,2007

/s/ SophoclesZoullas                    SophoclesZoullasChief Executive Officer

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