UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or
15(d) of the
Securities Exchange Act of
1934
Date of Report (Date of earliest event reported): February 28, 2007 (February 28, 2007)
Eagle Bulk Shipping Inc.
(Exact
Name of Registrant as Specified in its
Charter)
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| Marshall Islands | |
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000-51366 | |
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98-0453513 |
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or Other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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| 477 Park Avenue New York, New York | |
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10022 |
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(Zip Code) |
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(212)
785-2500
(Registrant’s telephone number,
including area code)
None
(Former
Name or Former Address, if Changed Since Last
Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
□ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On February 28, 2006, Eagle Bulk Shipping Inc. (the ‘‘Company’’) announced that the Company has purchased three Japanese-built Supramax vessels for a total price of $138.7 million from two separate vendors. The three ships are expected to be delivered in the second quarter of 2007. The Company also announced that it has entered into a Letter of Intent with IHI Marine United Inc., one of Japan’s pre-eminent shipyards, for the construction of two ‘Future-56’ class Supramax vessels. These 56,000 deadweight ton vessels have a contract price of $33.2 million each and are expected to be delivered in the fourth quarter of 2008 and the first quarter of 2009, respectively. The Company also announced that it has sold the oldest and smallest vessel in its fleet, the Shikra, for a gross sale price of $12.525 million, basis drydocking and intermediate surveys due.
A copy of the Press Release, announcing the above transactions, is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
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| (d) | Exhibits |
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| Exhibit No. | |
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Description |
| 99.1 | |
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Press Release dated February 28, 2007. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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EAGLE BULK SHIPPING INC. | ||||
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By: | |
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/s/ Sophocles N. Zoullas | |
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Name: Sophocles
N. Zoullas Title: Chief Executive Officer |
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Date: February 28, 2007
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EXHIBIT INDEX
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| Exhibit No. | |
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Description |
| 99.1 | |
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Press Release dated February 28, 2007. |
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