Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
GOLDENTREE ASSET MANAGEMENT LP
  2. Issuer Name and Ticker or Trading Symbol
Eagle Bulk Shipping Inc. [EGLE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
300 PARK AVENUE, 21ST FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
02/08/2019
(Street)

NEW YORK, NY 10022
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share ("Common Stock"). 02/08/2019   P   7,568 A $ 3.97 (15) 1,095,102 I See footnotes (1) (2)
Common Stock 02/08/2019   P   9,667 A $ 3.97 (15) 1,379,711 I See footnotes (1) (3)
Common Stock 02/08/2019   P   47,120 A $ 3.97 (15) 6,818,093 I See footnotes (1) (4)
Common Stock 02/08/2019   P   1,898 A $ 3.97 (15) 304,997 I See footnotes (1) (5)
Common Stock 02/11/2019   P   2,138 A $ 4.21 (16) 1,097,240 I See footnotes (1) (2)
Common Stock 02/11/2019   P   2,731 A $ 4.21 (16) 1,382,442 I See footnotes (1) (3)
Common Stock 02/11/2019   P   13,311 A $ 4.21 (16) 6,831,404 I See footnotes (1) (4)
Common Stock 02/11/2019   P   536 A $ 4.21 (16) 305,533 I See footnotes (1) (5)
Common Stock               3,025,904 I See footnotes (1) (6)
Common Stock               21,889 I See footnotes (1) (7)
Common Stock               290,845 I See footnotes (1) (8)
Common Stock               8,483 I See footnotes (1) (9)
Common Stock               19,267 I See footnotes (1) (10)
Common Stock               3,215 I See footnotes (1) (11)
Common Stock               34,001 I See footnotes (1) (12)
Common Stock               450 I See footnotes (1) (13)
Common Stock               3 I See footnotes (1) (14)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GOLDENTREE ASSET MANAGEMENT LP
300 PARK AVENUE
21ST FLOOR
NEW YORK, NY 10022
    X    
GoldenTree Asset Management LLC
300 PARK AVENUE
21ST FLOOR
NEW YORK, NY 10022
    X    
Tananbaum Steven A.
300 PARK AVENUE
21ST FLOOR
NEW YORK, NY 10022
    X    

Signatures

 GoldenTree Asset Management LP, By: GoldenTree Asset Management LLC, its General Partner, /s/ Steven A. Tananbaum   02/12/2019
**Signature of Reporting Person Date

 GoldenTree Asset Management LLC, /s/ Steven A. Tananbaum   02/12/2019
**Signature of Reporting Person Date

 /s/ Steven A. Tananbaum   02/12/2019
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) See Exhibit 99.1
(2) See Exhibit 99.1
(3) See Exhibit 99.1
(4) See Exhibit 99.1
(5) See Exhibit 99.1
(6) See Exhibit 99.1
(7) See Exhibit 99.1
(8) See Exhibit 99.1
(9) See Exhibit 99.1
(10) See Exhibit 99.1
(11) See Exhibit 99.1
(12) See Exhibit 99.1
(13) See Exhibit 99.1
(14) See Exhibit 99.1
(15) See Exhibit 99.1
(16) See Exhibit 99.1

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.