Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2017	Aug. 08, 2017
Document Information [Line Items]
Entity Registrant Name	Eagle Bulk Shipping Inc.
Entity Central Index Key	0001322439
Trading Symbol	egle
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		74,103,956
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 68,683,505	$ 76,516,110
Accounts receivable	11,261,855	5,089,708
Prepaid expenses	3,065,114	3,093,962
Inventories	12,570,540	10,876,713
Vessels held for sale	15,210,204	8,688,601
Other current assets	1,217,330	22
Total current assets	112,008,548	104,265,116
Noncurrent assets:
Vessels and vessel improvements, at cost, net of accumulated depreciation of $86,324,808 and $76,463,743, respectively	662,179,523	567,592,950
Advances for vessels purchase	20,863,466	1,926,886
Other fixed assets, net of accumulated amortization of $382,736 and $307,880, respectively	760,811	632,805
Restricted cash	74,917	74,917
Deferred drydock costs, net	9,873,520	11,507,309
Other assets	1,026,744	381,634
Total noncurrent assets	694,778,981	582,116,501
Total assets	806,787,529	686,381,617
Current liabilities:
Accounts payable	7,841,063	7,135,156
Accrued interest	13,655	28,872
Other accrued liabilities	8,114,876	11,545,447
Fair value below contract value of time charters acquired		820,313
Unearned charter hire revenue	6,415,987	6,046,032
Total current liabilities	22,385,581	25,575,820
Noncurrent liabilities:
Total debt	297,036,461	255,943,544
Other liabilities	320,046	483,132
Fair value below contract value of time charters acquired	2,840,962	3,896,482
Total noncurrent liabilities	300,197,469	260,323,158
Total liabilities	322,583,050	285,898,978
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 25,000,000 shares authorized, none issued as of June 30, 2017 and December 31, 2016, respectively
Common stock, $0.01 par value, 700,000,000 shares authorized, 70,329,050 and 48,106,827 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively	703,291	481,069
Additional paid-in capital	883,826,230	783,369,698
Accumulated deficit	(400,325,042)	(383,368,128)
Total stockholders’ equity	484,204,479	400,482,639
Total liabilities and stockholders’ equity	806,787,529	686,381,617
First Lien Facility [Member]
Noncurrent liabilities:
Total debt	199,913,956	204,352,318
Second Lien Facility [Member]
Noncurrent liabilities:
Total debt	58,615,505	51,591,226
Ultraco Debt Facility [Member]
Noncurrent liabilities:
Total debt	$ 38,507,000

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Accumulated depreciation, vessels	$ 86,324,808	$ 76,463,743
Accumulated amortization, other fixed assets	$ 382,736	$ 307,880
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	700,000,000	700,000,000
Common stock, issued (in shares)	70,329,050	48,106,827
Common stock, outstanding (in shares)	70,329,050	48,106,827

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)

3 Months Ended

6 Months Ended

Jun. 30, 2017

Jun. 30, 2016

Jun. 30, 2017

Jun. 30, 2016

Revenues, net

$ 53,631,224

$ 25,590,434

$ 99,486,281

$ 46,868,722

Voyage expenses

13,379,664

7,450,149

26,733,011

16,694,196

Vessel expenses

19,308,802

18,594,587

37,264,321

39,075,222

Charter hire expenses

6,445,580

1,668,239

10,318,912

3,156,757

Depreciation and amortization

8,020,597

9,654,129

15,513,405

19,050,830

General and administrative expenses

8,589,979

4,874,719

16,368,800

10,206,062

Refinancing expenses

239,390

5,873,650

Loss / (gain) on sale of vessels

(1,805,785)

401,210

(1,897,899)

401,210

Impairment of Vessels

6,167,262

Total operating expenses

53,938,837

42,882,423

104,300,550

100,625,189

Operating loss

(307,613)

(17,291,989)

(4,814,269)

(53,756,467)

Interest expense

6,858,716

4,902,857

13,303,747

7,720,503

Interest income

(185,641)

(58)

(375,439)

(3,512)

Other (income) / expense

(1,092,222)

300,785

(785,663)

300,785

Total other expense, net

5,580,853

5,203,584

12,142,645

8,017,776

Net loss

$ (5,888,466)

$ (22,495,573)

$ (16,956,914)

$ (61,774,243)

Weighted average shares outstanding:

Basic (in shares)

70,329,050

2,254,665

67,996,330

2,073,068

Diluted (in shares)

70,329,050

2,254,665

67,996,330

2,073,068

Per share amounts:

Basic net loss (in dollars per share)

^[1]

$ (0.08)

$ (9.98)

$ (0.25)

$ (29.80)

Diluted net loss (in dollars per share)

^[1]

$ (0.08)

$ (9.98)

$ (0.25)

$ (29.80)

[1]	Adjusted to give effect for the 1 for 20 reverse stock split that became effective as of the opening of trading on August 5, 2016.

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net loss	$ (5,888,466)	$ (22,495,573)	$ (16,956,914)	$ (61,774,243)
Comprehensive loss	$ (5,888,466)	$ (22,495,573)	$ (16,956,914)	$ (61,774,243)

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)

Common Stock [Member]

Additional Paid-in Capital [Member]

Retained Earnings [Member]

Total

Balance at Jun. 30, 2016

$ 22,550

$ 679,833,213

$ (221,619,936)

$ 458,235,827

Balance (in shares) at Dec. 31, 2015

^[1]

1,883,303

Balance at Dec. 31, 2015

$ 18,833

678,171,322

(159,845,693)

518,344,462

Net loss

(61,774,243)

Issuance of shares in connection with the entry into the Second Lien Loan Agreement (in shares)

^[1]

371,276

Issuance of shares in connection with the entry into the Second Lien Loan Agreement

$ 3,713

(3,713)

Vesting of restricted shares withheld for employee tax (in shares)

^[1]

410

Vesting of restricted shares withheld for employee tax

$ 4

(2,942)

(2,938)

Non-cash compensation

1,668,546

Balance (in shares) at Jun. 30, 2016

^[1]

2,254,989

Balance at Jun. 30, 2017

$ 703,291

883,826,230

(400,325,042)

484,204,479

Balance (in shares) at Dec. 31, 2016

48,106,827

Balance at Dec. 31, 2016

$ 481,069

783,369,698

(383,368,128)

400,482,639

Net loss

(16,956,914)

Issuance of shares in connection with private placement, net of issuance costs (in shares)

22,222,223

Issuance of shares in connection with private placement, net of issuance costs

$ 222,222

95,807,781

96,030,003

Non-cash compensation

$ 4,648,751

Balance (in shares) at Jun. 30, 2017

70,329,050

[1]	Adjusted to give effect for the 1 for 20 reverse stock split that became effective August 5, 2016.

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net loss	$ (16,956,914)	$ (61,774,243)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	13,538,266	17,661,150
Amortization of deferred drydocking costs	1,975,139	1,389,680
Amortization of debt issuance costs	2,901,948	799,648
Amortization of fair value below contract value of time charter acquired	(375,833)	(251,096)
Payment-in-kind interest on debt	4,977,219	2,123,333
Impairment of Vessels		6,167,262
Net unrealized (gain) / loss on fair value of derivative instruments	(736,609)	294,150
Non-cash compensation expense	4,648,751	1,668,546
Fees paid on termination of time charter agreement	(1,500,000)
Drydocking expenditures	(341,350)	(2,037,821)
Loss / (gain) on sale of vessels	(1,897,899)	401,210
Changes in operating assets and liabilities:
Accounts receivable	(6,172,147)	1,513,372
Other current and non-current assets	(1,125,809)	(1,102,129)
Prepaid expenses	28,848	420,930
Inventories	(1,693,827)	(1,272,579)
Accounts payable	705,907	(319,601)
Accrued interest	(15,217)	(401,232)
Other accrued and other non-current liabilities	(3,593,657)	83,551
Unearned revenue	369,955	2,036,721
Net cash used in operating activities	(5,263,229)	(32,599,148)
Cash flows from investing activities:
Vessel Improvements	(413,801)	(237,235)
Purchase of vessels	(120,918,014)
Advance for purchase of vessels	(20,863,466)
Proceeds from sale of vessels	10,586,500	5,767,000
Changes in restricted cash		66,244
Purchase of Other Fixed assets	(204,348)	(421,028)
Net cash (used in)/provided by investing activities	(131,813,129)	5,174,981
Cash flows from financing activities:
Repayment of loan	(5,293,250)	(17,659,000)
Proceeds from the common stock private placement, net of issuance costs	96,030,003
Cash used to settle net share equity awards		(2,938)
Financing costs paid to lender	(918,000)	(600,000)
Other financing costs	(575,000)	(2,336,009)
Net cash provided by financing activities	129,243,753	14,402,053
Net decrease in cash and cash equivalents	(7,832,605)	(13,022,114)
Cash and cash equivalents at beginning of period	76,516,110	24,896,161
Cash and cash equivalents at end of period	68,683,505	11,874,047
Ultraco Debt Facility [Member]
Cash flows from financing activities:
Proceeds from Ultraco Debt Facility	40,000,000
Term Loan [Member]
Cash flows from financing activities:
Proceeds from Loan Facility		60,000,000
Revolver Loan [Member]
Cash flows from financing activities:
Proceeds from Loan Facility		5,158,500
Repayment of loan		$ (30,158,500)

Note 1 - Basis of Presentation and General Information	6 Months Ended
Note 1 - Basis of Presentation and General Information	Jun. 30, 2017
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	Note 1. Basis of Presentation and General Information The accompanying condensed consolidated financial statements include the accounts of Eagle Bulk Shipping Inc. and its wholly-owned subsidiaries (collectively, the “Company,” “we,” “our” or similar terms). The Company is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership, charter and operation of dry bulk vessels. The Company’s fleet is comprised of Supramax and Ultramax dry bulk carriers and the Company operates its business in one business segment. As of June 30, 2017, the Company owned and operated a modern fleet of 46 oceangoing vessels, 38 Supramax and 8 Ultramax vessels with a combined carrying capacity of 2,600,542 dwt and an average age of approximately 7.7 years excluding vessels held for sale . Additionally, the Company chartered-in a 37,000 dwt newbuilding Japanese vessel that was delivered in October 2014 for seven years with an option for one additional year. On May 10, 2017, the Company signed an agreement to cancel this existing time charter contract. The Company agreed to pay a lump sum termination fee of $1.5 million relating to the cancellation. At the same time, the Company entered into an agreement with the same lessor, effective April 28, 2017, to charter in a 61,400 dwt, 2013 built Japanese vessel for approximately four years (having the same redelivery dates as the aforementioned canceled charter) with options for two additional years. The hire rate for the first four years is $12,800 per day and the hire rate for the first optional year is $13,800 per day and $14,300 per day for the second optional year. The $1.5 million early termination fee was accounted for as a reduction of fair value below time charters acquired in the condensed consolidated balance sheet as of June 30, 2017. For the three and six -month periods ended June 30, 2017 and 2016, the Company’s charterers did not individually account for more than 10% of the Company’s gross charter revenue during those periods. The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”), and the rules and regulations of the SEC which apply to interim financial statements and with the instructions to Form 10 -Q and Article 10 of Regulation S- X. Accordingly, they do not include all of the information and footnotes normally included in consolidated financial statements prepared in conformity with U.S. GAAP. They should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2016 Annual Report on Form 10 -K, filed with the SEC on March 31, 2017. The accompanying condensed consolidated financial statements are unaudited and include all adjustments (consisting of normal recurring adjustments) that management considers necessary for a fair presentation of its condensed consolidated financial position and results of operations for the interim periods presented. Certain reclassifications have been made to the prior year condensed consolidated financial statements to conform to current period's presentation. Specifically, reclassifications were made in the prior year's condensed consolidated statement of operations for three and six -month periods ended June 30, 2016 to combine the captions loss on vessels held for sale of $115,000 and loss on sale of vessels of $286,210 . The unrealized loss on derivatives on the condensed consolidated statement of cash flows for the six months ended June 30, 2016 has been separately presented in the adjustments to reconcile net loss to net cash used in operating activities. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the entire year. We adopted the provisions of Accounting Standard Update (“ASU”) 2015 - 11 “Simplifying the Measurement of Inventory”, issued by the Financial Accounting Standards Board (“FASB”) as of January 1, 2017. Accordingly, we report our bunker inventory at lower of cost and net realizable value. There is no impact on the condensed consolidated financial statements because of the adoption of the new accounting standard. The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The significant estimates and assumptions of the Company are useful lives of fixed assets, the period of amortization, asset impairment, and stock-based compensation.

Note 2 - Equity Offerings	6 Months Ended
Note 2 - Equity Offerings	Jun. 30, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 2. Equity Offerings On December 13, 2016, the Company entered into a Stock Purchase Agreement with certain investors (the “Investors”), pursuant to which the Company agreed to issue to the Investors in a private placement exemption from registration under Section 4 (a)( 2 ) of the Securities Act and Rule 506 of Regulation D promulgated under the Securities Act (the “December Private Placement”) approximately 22.2 million shares of the Company’s common stock, par value $0.01 per share, at a purchase price of $4.50 per share, for aggregate gross proceeds of $100.0 million. On January 20, 2017, the Company closed the previously announced December Private Placement for aggregate net proceeds of $96.0 million. The Company principally used the proceeds to acquire two Ultramax vessels and for a portion of the payments required to acquire the Greenship Vessels (as defined in "Note 5 Debt - Ultraco Debt Facility" to the condensed consolidated financial statements).

Note 3 - New Accounting Pronouncements	6 Months Ended
Note 3 - New Accounting Pronouncements	Jun. 30, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 3. New Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014 - 09, Revenue from Contracts with Customers (“ASU 2014 - 09” ), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle is that a company should recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014 - 09 defines a five -step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The standard is effective for annual periods beginning after December 15, 2017, and interim periods therein, and shall be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. In May 2016, the FASB issued ASU No. 2016 - 12, Revenue from Contracts with Customers. This update provides further guidance on applying collectability criterion to assess whether the contract is valid and represents a substantive transaction on the basis whether a customer has the ability and intention to pay the promised consideration. The requirements of this standard include an increase in required disclosures. Management has assembled an internal project team and is currently analyzing contracts with our customers covering the significant streams of the Company's annual revenues under the provisions of the new standard as well as changes necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. Management will apply the modified retrospective transition method and will recognize the cumulative effect of adopting this standard as an adjustment to the opening balance of retained earnings as of January 1, 2018. Prior periods will not be retrospectively adjusted. The Company continues to make progress in its implementation and assessment of the new revenue standard. While the assessment is still ongoing, based on the progress made to date, the Company expects that the timing of recognition of revenue for certain ongoing charter contracts will be impacted as well as the timing of recognition of certain voyage related costs. The Company is also evaluating the presentation of revenue in its condensed consolidated statement of operations after the adoption of ASU 2014 - 09 . In February 2016, the FASB issued ASU No. 2016 - 02, Leases ("ASU 2016 - 02" ). ASU 2016 - 02 is intended to increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. In order to meet that objective, the new standard requires recognition of the assets and liabilities that arise from leases. A lessee will be required to recognize on the balance sheet the assets and liabilities for leases with lease terms of more than 12 months. Accounting by lessors will remain largely unchanged from current U.S. GAAP. The requirements of this standard include an increase in required disclosures. The new standard is effective for public companies for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The Company is currently evaluating the effect that adopting this standard will have on our financial statements and related disclosures. Management expects that the Company will recognize increases in reported amounts for vessel and other fixed assets and related lease liabilities upon adoption of the new standard. Refer to “Note 7. Commitments and Contingencies” to the condensed consolidated financial statements for disclosure about the Company’s time charter and lease commitments as of June 30, 2017.

Note 4 - Vessels

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note

Vessels

Vessel and Vessel Improvements

As of

June

30,

2017,

the Company’s owned operating fleet consisted of

dry bulk vessels.

November 14, 2016,

the Company, through its subsidiary Eagle Bulk Shipco LLC, signed a memorandum of agreement to acquire a

2017

built

64,000

dwt SDARI-

Ultramax dry bulk vessel constructed at Chengxi Shipyard Co., Ltd for

$17.9

million. The Company took delivery of the vessel, the Singapore Eagle, on

January 11, 2017.

January 6, 2017,

the Company sold the vessel Redwing for

$5.8

million, after brokerage commissions and associated selling expenses, and recorded a net gain of approximately

$0.1

million.The vessel was classified as an asset held for sale as of

December 31, 2016.

A portion of the proceeds was used towards repayment of the term loan under the First Lien Facility (as defined herein).

February 28, 2017,

Ultraco, a wholly-owned subsidiary of the Company, entered into a framework agreement with Greenship Bulk Manager Pte. Ltd., as Trustee-Manager of Greenship Bulk Trust, a Norwegian OTC-listed entity (the "Greenship Sellers"), for the purchase of

nine

modern sister vessels built between

2012

and

2015,

the Greenship Vessels (the "Greenship Purchase Agreement"). The aggregate purchase price for the

nine

Greenship Vessels is

$153.0

million. The allocated purchase price for each Greenship Vessel is

$17.0

million. The Company took delivery of

six

of the

nine

Greenship Vessels during the

second

quarter and is expected to take delivery of the remaining Greenship Vessels in the

third

quarter of

2017.

As of

June 30, 2017,

the Company paid a deposit of

$20.8

million towards the delivery of the remaining

three

Greenship Vessels.

March 15, 2017,

the Company sold the vessel Sparrow for

$4.8

million after brokerage commissions and associated selling expenses, and recorded a net gain of approximately

$1.8

million. The vessel was classified as an asset held for sale as of

March 31, 2017.

A portion of the proceeds was used towards repayment of the term loan under the First Lien Facility.

May 31, 2017,

the Company signed a memorandum of agreement to sell the vessel Woodstar for

$7.8

million after brokerage commissions and associated selling expenses. The vessel is expected to be delivered to the buyers in the

third

quarter of

2017.

The Company expects to recognize a gain of

$0.2

million. A portion of the proceeds will be used towards repayment of the term loan under the First Lien Facility (as defined in "Note

Debt" to the condensed consolidated financial statements). As of

June 30, 2017,

the Company reported the carrying amount of the vessel as a current asset in its condensed consolidated balance sheet.

June 15, 2017,

the Company signed a memorandum of agreement to sell the vessel Wren for

$7.6

million after brokerage commissions and associated selling expenses. The vessel is expected to be delivered to the buyers in the

fourth

quarter of

2017.

The Company expects to recognize a gain of

$0.05

million. A portion of the proceeds will be used towards repayment of the term loan under the First Lien Facility. Please refer to “Note

Debt—First Lien Facility” to the condensed consolidated financial statements. As of

June 30, 2017,

the Company reported the carrying amount of the vessel as a current asset in its condensed consolidated balance sheet.

Vessel and vessel improvements consist of the following:

Vessels and Vessel Improvements, at December 31, 2016	$	567,592,950
Advance paid for purchase of Singapore Eagle at December 31, 2016		1,926,886
Purchase of Vessels and Vessel Improvements		121,331,815
Transfer to vessels held for sale		(15,210,204	)
Vessel depreciation expense		(13,461,924	)
Vessels and Vessel Improvements, at June 30, 2017	$	662,179,523

Note 5 - Debt

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Long-term Debt [Text Block]

Note

Debt

	June 30, 2017			December 31, 2016
First Lien Facility	$	203,805,750		$	209,099,000
Debt issuance costs - First Lien		(3,891,794	)		(4,746,682	)
First Lien Facility, net of debt issuance costs		199,913,956			204,352,318
Second Lien Facility		72,305,062			67,327,843
Debt discount and Debt issuance costs - Second Lien Facility		(13,689,557	)		(15,736,617	)
Second Lien Facility, net of Debt issuance costs and debt discount		58,615,505			51,591,226
Ultraco Debt Facility		40,000,000			—
Debt discount and debt issuance costs - Ultraco debt facility		(1,493,000	)		—
		38,507,000			—
Total debt	$	297,036,461		$	255,943,544

First Lien Facility

March 30, 2016,

Eagle Shipping LLC, a limited liability company organized under the laws of the Marshall Islands (“Eagle Shipping”), as borrower, and certain of its subsidiaries that were guarantors of the Company’s obligations under the Company’s senior secured credit facility (the “Exit Financing Facility”), as guarantors, entered into an Amended and Restated First Lien Loan Agreement (the “A&R First Lien Loan Agreement”) with the lenders thereunder (the “First Lien Lenders”) and ABN AMRO Capital USA LLC, as agent and security trustee for the lenders. The A&R First Lien Loan Agreement amends and restates the Exit Financing Facility in its entirety, provides for Eagle Shipping to be the borrower in the place of the Company, and further provides for a waiver of any and all events of default occurring as a result of the voluntary OFAC Disclosure (as defined in “Note

Commitments and Contingencies - Legal Proceedings” to the condensed consolidated financial statements). The A&R First Lien Loan Agreement provides for a term loan

in the amount of

$201,468,750

after giving effect to the entry into the A&R First Lien Loan Agreement and the Second Lien Loan Agreement (as defined below) as well as a

$50,000,000

revolving credit facility, of which

$10,000,000

was undrawn as of

March 30, 2016 (

the term loan, together with the revolving credit facility, the “First Lien Facility”). The First Lien Facility matures on

October 15, 2019.

An aggregate fee of

$600,000

was paid to the agent and First Lien Lenders in connection with the First Lien Facility on

March 30, 2016

As of

June

30,

2017,

Eagle Shipping’s total availability in the revolving credit facility under the First Lien Facility was

$25,000,000.

The A&R First Lien Loan Agreement contains financial covenants requiring Eagle Shipping, among other things, to ensure that the aggregate market value of the vessels in Eagle Shipping’s fleet (plus the value of certain additional collateral) at all times on or after

July 1, 2017

does

not

fall below

100%

in the

third

and

fourth

quarters of

2017,

110%

2018

and

120%

2019

of the aggregate principal amount of debt outstanding (subject to certain adjustments) under the First Lien Facility and maintain minimum liquidity of

not

less than the greater of (i)

$8,140,000

and (ii)

$185,000

per vessel in Eagle Shipping’s fleet. In addition, the A&R First Lien Loan Agreement imposes operating restrictions on Eagle Shipping including limiting Eagle Shipping’s ability to, among other things: incur additional indebtedness; create liens on assets; acquire and sell capital assets (including vessels); and merge or consolidate with, or transfer all or substantially all of Eagle Shipping’s assets to, another person. The A&R First Lien Loan Agreement also includes customary events of default, including those relating to a failure to pay principal or interest, a breach of covenant, representation or warranty, a cross-default to other indebtedness and non-compliance with security documents. Further, there would be a default if any event occurs or circumstances arise in light of which, in the First Lien Lenders’ judgment, there is significant risk that Eagle Shipping is or would become insolvent. Eagle Shipping is

not

permitted to pay dividends. Indebtedness under the First Lien Facility

may

also be accelerated if Eagle Shipping experiences a change of control.

Upon entering into the A&R First Lien Loan Agreement on

March 30, 2016

, Eagle Shipping paid

three

quarters of amortization payments with respect to the term loan under the First Lien Facility in the aggregate amount of

$11,718,750,

paid down

$30,158,500,

a portion of the amount outstanding in respect of the revolving credit facility under the First Lien Facility, maintained a minimum liquidity of

$8,140,000

and added cash to the balance sheet. In addition, Eagle Shipping paid the

first

quarter amortization of

$3,906,250

under the previously outstanding Exit Financing Facility. On

June 30, 2017,

December 31, 2017,

June 30, 2018

and

December 31, 2018 (

each, a “Semi-Annual Determination Date”), Eagle Shipping is obligated to repay the term loan under the First Lien Facility in an amount equal to

75%

of Eagle Shipping’s excess cash flow for the

two

fiscal quarters ended as of such Semi-Annual Determination Date, subject to a cap of such mandatory prepayments of

$15,625,000

in any fiscal year. For the

two

fiscal quarters ended

June 30, 2017,

there was

excess cash flow and therefore

repayment of the term loan was made under the First Lien Facility. Thereafter, Eagle Shipping will make payments of

$3,906,250

January 15, 2019,

April 15, 2019,

and

July 15, 2019,

and a final balloon payment equal to the remaining amount outstanding under the term loan under the First Lien Facility on

October 15, 2019.

Additionally, Eagle Shipping has prepaid

$5,651,000

during the year ended

December 31, 2016

and

$5,293,250

for the

six

months ended

June 30, 2017

pursuant to the terms of the A&R First Lien Loan Agreement relating to mandatory prepayments upon sales of vessels. The repayment schedule above has therefore been adjusted to account for such prepayments made through

June 30, 2017,

such that Eagle Shipping is required to make payments of

$3,680,939

January 15, 2019,

April 15, 2019,

and

July 15, 2019,

and a final balloon payment equal to the remaining amount outstanding under the First Lien Facility on

October 15, 2019.

As a result of the mandatory prepayments made through

June

30,

2017,

Eagle Shipping is

not

required to comply with the minimum security covenant until

October 2017

pursuant to the terms of the A&R First Lien Loan Agreement.

Second Lien Facility

March 30, 2016,

Eagle Shipping, as borrower, and certain of its subsidiaries that were guarantors of the Company’s obligations under the Exit Financing Facility, as guarantors, entered into a Second Lien Loan Agreement (the “Second Lien Loan Agreement”) with certain lenders (the “Second Lien Lenders”) and Wilmington Savings Fund Society, FSB as agent for the Second Lien Lenders (the “Second Lien Agent”). The Second Lien Lenders include certain of the Company’s existing shareholders as well as other investors. The Second Lien Loan Agreement provides for a term loan in the amount of

$60,000,000

(the “Second Lien Facility”), and matures on

January 14, 2020 (

days after the original stated maturity of the First Lien Facility). The term loan under the Second Lien Facility bears interest at a rate of LIBOR plus

14.00%

per annum (with a

1.0%

LIBOR floor) or the Base Rate (as defined in the Second Lien Loan Agreement) plus

13.00%

per annum, paid in kind quarterly in arrears. The payment-in-kind interest represents a non-cash operating and financing activity on the condensed consolidated statement of cash flows for the

six

month periods ended

June 30, 2017

and

2016.

Eagle Shipping used the proceeds from the Second Lien Facility to pay down

$30,158,500,

a portion of the amount outstanding in respect of the revolving credit facility under the First Lien Facility, pay

three

quarters of amortization payments under the First Lien Facility, pay transaction fees in connection with the entry into the A&R First Lien Loan Agreement and the Second Lien Loan Agreement, maintain a minimum liquidity of

$8,140,000

and add cash to its balance sheet.

The Second Lien Loan Agreement contains financial covenants substantially similar to those in the A&R First Lien Loan Agreement, subject to standard cushions, requiring Eagle Shipping, among other things, to ensure that the aggregate market value of the vessels in Eagle Shipping’s fleet (plus the value of certain additional collateral) at all times on or after

July 1, 2017

does

not

fall below

100%

in the

third

and

fourth

quarters of

2017,

110%

2018

and

120%

2019

of the aggregate principal amount of debt outstanding (subject to certain adjustments) under the Second Lien Facility (provided that Eagle Shipping will

not

be required to comply with such covenant until the discharge of its obligations under the A&R First Lien Loan Agreement) and to maintain a minimum liquidity of

not

less than the greater of (i)

$6,512,000

and (ii)

$148,000

per vessel in Eagle Shipping’s fleet. In addition, the Second Lien Loan Agreement also imposes operating restrictions on Eagle Shipping including limiting Eagle Shipping’s ability to, among other things: incur additional indebtedness; create liens on assets; acquire and sell capital assets (including vessels); and merge or consolidate with, or transfer all or substantially all of Eagle Shipping’s assets to, another person. Eagle Shipping

may

not

prepay the Second Lien Facility while amounts or commitments under the First Lien Facility remain outstanding.

The Second Lien Loan Agreement also includes customary events of default, including those relating to a failure to pay principal or interest, a breach of covenant, representation or warranty, a cross-default to other indebtedness and non-compliance with security documents. Further, there would be a default if any event occurs or circumstances arise in light of which, in the Second Lien Lenders’ judgment, there is significant risk that Eagle Shipping is or would become insolvent. Eagle Shipping is

not

permitted to pay dividends. Indebtedness under the Second Lien Facility

may

also be accelerated if Eagle Shipping experiences a change of control.

Ultraco Debt Facility

June 28, 2017,

Eagle Bulk Ultraco LLC (“Ultraco”), a wholly-owned subsidiary of the Company, entered into a credit agreement (the “Ultraco Debt Facility”), by and among Ultraco, as borrower, certain wholly-owned vessel-owning subsidiaries of Ultraco, as guarantors (the “Ultraco

Guarantors”), the lenders thereunder (the “Ultraco

Lenders”), the swap banks party thereto, ABN AMRO Capital USA LLC, as facility agent and security trustee for the Ultraco Lenders, ABN AMRO Capital USA LLC, DVB Bank SE and Skandinaviska Enskilda Banken AB (publ), as mandated lead arrangers, and ABN AMRO Capital USA LLC, as arranger and bookrunner. The Ultraco Debt Facility provides for a multi-draw senior secured term loan facility in an aggregate principal amount of up to the lesser of (i)

$61,200,000

and (ii)

40%

of the lesser of (

) the purchase price of

nine

vessels (the "Greenship Vessels") to be acquired by Ultraco and the Ultraco Guarantors pursuant to a previously disclosed framework agreement, dated as of

February 28, 2017,

with Greenship Bulk Manager Pte. Ltd., as Trustee-Manager of Greenship Bulk Trust, and (

) the fair market value of the Greenship Vessels. The proceeds of the Ultraco Debt Facility were used for the purpose of financing, refinancing or reimbursing a part of the acquisition cost of the Greenship Vessels. The outstanding borrowings under the Ultraco Debt Facility bear interest at LIBOR plus

2.95%

per annum. The Ultraco Debt Facility also provides for the payment of certain other fees and expenses by Ultraco.

Mr. Bart Veldhuizen, a member of the Board of Directors of the Company, is on the board of managing directors of DVB Bank SE, where he is responsible for the bank’s shipping and offshore franchises. Mr. Veldhuizen did

not

participate in discussions of the Board of Directors of the Company concerning the Ultraco Debt Facility.

As of

June 30, 2017,

the Company has drawn

$40,000,000

of the credit facility relating to acquisition of

six

of the

nine

Greenship Vessels.

The Ultraco Debt Facility matures on the earlier of (i)

five

years after the delivery of the last remaining Greenship Vessel to occur and (ii)

October 31, 2022.

There are

fixed repayments until

January 2019 (

the "First Repayment Date"). Ultraco is required to make quarterly repayments of principal in an amount of

$1,075,601

beginning in the

first

quarter of

2019

based on the

six

Greenship Vessels delivered as of

June 30, 2017,

with a final balloon payment to be made at maturity. The quarterly principal repayment will increase to

$1,602,270

after the delivery of the remaining

three

Greenship Vessels, which is expected to occur in the

third

quarter of

2017.

The Ultraco Debt Facility allows for increased commitments, subject to the satisfaction of certain conditions and the obtaining of certain approvals, in an aggregate principal amount of up to the lesser of (i)

$38,800,000

and (ii)

40%

of the aggregate fair market value of any additional vessels to be financed with such incremental commitment.

Ultraco’s obligations under the Ultraco Debt Facility are secured by, among other items, a

first

priority mortgage on each of the Greenship Vessels and such other vessels that it

may

from time to time include with the approval of the Ultraco Lenders, an assignment of earnings of the Greenship Vessels, an assignment of all charters with terms that

may

exceed

months, an assignment of insurances, an assignment of certain master agreements, and a pledge of the membership interests of each of Ultraco’s vessel-owning subsidiaries. In the future, Ultraco

may

grant additional security to the Ultraco Lenders from time to time.

The Ultraco Debt Facility contains financial covenants requiring Ultraco, among other things: to ensure that the aggregate market value of the Greenship Vessels (plus the value of certain additional collateral) is at all times

not

less than

150%

of the aggregate principal amount of debt outstanding (subject to certain adjustments); to maintain cash or cash equivalents

not

less than (a) a liquidity reserve of

$600,000

in respect of each Greenship Vessel and (b) a debt service reserve of

$600,000

in respect of each Greenship Vessel, a portion of which

may

be utilized to satisfy the obligations under the Ultraco Debt Facility upon satisfaction of certain conditions; however, the cash or cash equivalents cannot be less than the greater of (i)

$7.5

million or (ii)

12%

of the consolidated total debt of Ultraco and its subsidiaries;to maintain at all times a ratio of consolidated tangible net worth to consolidated total assets of

not

less than

0.35

1.00;

to maintain a consolidated interest coverage ratio beginning after the

second

anniversary of

June 28, 2017,

not

less than a range varying from

2.00

1.00

2.50

1.00;

and to maintain a ballast water treatment systems reserve of

$4,550,000,

which

may

be released upon the satisfaction of certain conditions. In addition, the Ultraco Debt Facility also imposes operating restrictions on Ultraco and the Ultraco Guarantors, including limiting Ultraco’s and the Ultraco Guarantors’ ability to, among other things: pay dividends; incur additional indebtedness; create liens on assets; sell assets; dissolve or liquidate; merge or consolidate with another person; make investments; engage in transactions with affiliates; and allow certain changes of control to occur.

As a result of the receipt of extensions from the United States Coast Guard (the "USCG") regarding compliance with a USCG approved ballast water treatment systems ("BWMS"), the funds held in the ballast water treatment system reserve account have been released for Ultraco's use subsequent to the quarter ended

June 30, 2017.

Please refer to "Item

Management's Discussion and Analysis of Financial Condition and Results of Operations - Vessel Expense."

The Ultraco Debt Facility also includes customary events of default, including those relating to: a failure to pay principal or interest; a breach of covenant, representation or warranty; a cross-default to other indebtedness; the occurrence of certain bankruptcy and insolvency events; the occurrence of certain ERISA events; a judgment default; the cessation of business; the impossibility or unlawfulness of performance of the loan documents; the ineffectiveness of any material provision of any loan document; the occurrence of a material adverse effect; and the occurrence of certain swap terminations.

Interest Rates

For the

three

-month period ended

June 30, 2017,

interest rates on the First Lien Facility ranged from

4.98%

5.15%

including a margin over LIBOR applicable under the terms of the First Lien Facility and commitment fees of

40%

of the margin on the undrawn portion of the facility. The weighted average effective interest rate including the amortization of debt discount for this period was

5.58%.

For the

three

-month period ended

June 30, 2016,

interest rates on the First Lien Facility ranged from

3.94%

4.53%

including a margin over LIBOR applicable under the terms of the First Lien Facility and commitment fees of

40%

of the margin on the undrawn portion of the facility. The weighted average effective interest rate including the amortization of debt discount for this period was

5.44%.

For the

six

-month period ended

June

30,

2017,

interest rates on our outstanding debt under First Lien Facility ranged from

4.77%

5.15%,

including a margin over LIBOR and commitment fees of

40%

of the margin on the undrawn portion of the facility. The weighted average effective interest rate was

5.41%.

For the

six

-month period ended

June 30, 2016,

interest rates on the First Lien Facility ranged from

3.86%

4.53%

including a margin over LIBOR applicable under the terms of the First Lien facility and commitment fees of

40%

of the margin on the undrawn portion of the facility. The weighted average effective interest rate including the amortization of debt discount for this period was

5.48%.

For the

three

and

six

-month period ended

June 30, 2017,

interest rate on the Ultraco Debt Facility was

4.08%

including a margin over LIBOR applicable under the terms of the Ultraco Debt Facility which was entered into on

June 28, 2017.

For the

three

and

six

-month periods ended

June 30, 2017

and

June 30, 2016,

the payment-in-kind interest rate on our Second Lien Facility was

15%

including a margin over LIBOR. The weighted average effective interest rate on our Second Lien Facility including the amortization of debt discount for this period was

17.05%.

The payment-in-kind interest is due

January 19, 2020.

Interest Expense consisted of:

	Three Months Ended				Six Months Ended
	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
First Lien Facility/Exit Financing Facility	$	2,745,748	$	2,288,380	$	5,410,923	$	4,797,522
Amortization of Debt issuance costs		1,456,986		491,144		2,901,948		799,648
Payment in kind interest on Second Lien Facility		2,642,327		2,123,333		4,977,219		2,123,333
Ultraco Debt Facility		13,655		—		13,657		—
Total Interest Expense	$	6,858,716	$	4,902,857	$	13,303,747	$	7,720,503

Interest paid amounted to

$5,338,742

and

$4,999,476

for the

six

months ended

June

30,

2017

and

2016,

respectively.

Note 6 - Derivative Instruments and Fair Value Measurements

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Derivatives and Fair Value [Text Block]

Note

Derivative Instruments and Fair Value Measurements

Forward freight agreements and bunker swaps

The Company trades in forward freight agreements (“FFAs”) and bunker swaps, with the objective of utilizing this market as economic hedging instruments that reduce the risk of specific vessels to changes in the freight market. The Company’s FFAs and bunker swaps have

not

qualified for hedge accounting treatment. As such, unrealized and realized losses are recognized as a component of other expense in the condensed consolidated statement of operations.

The effect of non-designated derivative instruments on the condensed consolidated statements of operations is as follows:

Derivatives not designated as hedging instruments	Location of (gain)/loss recognized	Amount of (gain)/loss
		For the Three Months Ended					For the Six Months Ended
		June 30, 2017			June 30, 2016		June 30, 2017			June 30, 2016
FFAs	Other expense	$	(1,049,363	)	$	300,785	$	(788,715	)	$	300,785
Bunker Swaps	Other expense		(42,859	)		—		3,052			—
Total		$	(1,092,222	)	$	300,785	$	(785,663	)	$	300,785

Derivatives no t designated as hedging instruments	Balance Sheet location	Fair value of Derivatives
		June 30, 2017		December 31, 2016
FFAs	Other current assets	$	725,850		—
Bunker Swaps	Other current assets		10,759		—
Total		$	736,609		—

Cash Collateral Disclosures

The Company does

not

offset fair value amounts recognized for derivatives by the right to reclaim cash collateral or the obligation to return cash collateral. The amount of collateral to be posted is defined in the terms of respective master agreement executed with counterparties or exchanges and is required when agreed upon threshold limits are exceeded. As of

June

30,

2017

and

December

31,

2016,

the Company posted cash collateral related to derivative instruments under its collateral security arrangements of

$994,204

and

zero

, respectively, which is recorded within other current assets in the condensed consolidated balance sheets.

Fair Value Measurements

The following methods and assumptions were used to estimate the fair value of each class of financial instrument:

Cash, cash equivalents and restricted cash—

the carrying amounts reported in the consolidated balance sheets for interest-bearing deposits approximate their fair value due to their short-term nature thereof.

Debt

—the carrying amounts of borrowings under the revolving credit agreement approximate their fair value, due to the variable interest rate nature thereof.

The Company defines fair value, establishes a framework for measuring fair value and provides disclosures about fair value measurements. The fair value hierarchy for disclosure of fair value measurements is as follows:

Level

– Quoted prices in active markets for identical assets or liabilities. Our Level

non-derivatives include cash, money-market accounts and restricted cash accounts.

Level

– Quoted prices for similar assets and liabilities in active markets or inputs that are observable. Our Level

non-derivatives include our debt balances under the First Lien Facility and Ultraco Debt Facility.

Level

– Inputs that are unobservable (for example cash flow modeling inputs based on assumptions)

Note 7 - Commitments and Contingencies	6 Months Ended
Note 7 - Commitments and Contingencies	Jun. 30, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 7. Commitments and Contingencies Legal Proceedings The Company is involved in legal proceedings and may become involved in other legal matters arising in the ordinary course of its business. The Company evaluates these legal matters on a case-by-case basis to make a determination as to the impact, if any, on its business, liquidity, results of operations, financial condition or cash flows. In November 2015, the Company filed a voluntary self-disclosure report with OFAC regarding certain apparent violations of U.S. sanctions regulations in the provision of shipping services for third party charterers with respect to the transportation of cargo to or from Myanmar (formerly Burma) (the “OFAC Disclosure”). At the time of such apparent violations, the Company had a different senior operational management team. Notwithstanding the fact that the apparent violations took place under a different senior operational management team and although the Company’s new Board of Directors and management have implemented robust remedial measures and significantly enhanced its compliance safeguards, there can be no assurance that OFAC will not conclude that these past actions warrant the imposition of civil penalties and/or referral for further investigation by the U.S. Department of Justice. The report was provided to OFAC for the agency’s review, consideration and determination regarding what action, if any, may be taken in resolution of this matter. The Company will continue to cooperate with the agency regarding this matter and cannot estimate when such review will be concluded. While the ultimate impact of these matters cannot be determined, there can be no assurance that the impact will not be material to the Company’s financial condition or results of operations Other Commitments On July 28, 2011, the Company entered into an agreement to charter in a 37,000 dwt newbuilding Japanese vessel that was delivered in October 2014 for seven years with an option for an additional one year. The hire rate for the first to seventh year is $13,500 per day and $13,750 per day for the eighth year option. On May 10, 2017, the Company signed an agreement to cancel this existing time charter contract. The Company agreed to pay a lump sum termination fee of $1.5 million relating to the cancellation. At the same time, the Company entered into an agreement with the same lessor, effective April 28, 2017 to charter in a 61,400 dwt, 2013 built Japanese vessel for approximately four years (having the same redelivery dates as the aforementioned cancelled charter) with options for two additional years. The hire rate for the first four years is $12,800 per day and the hire rate for the first optional year is $13,800 per day and $14,300 per day for the second optional year. On February 28, 2017, Ultraco, a wholly-owned subsidiary of the Company, entered into the Greenship Purchase Agreement with Greenship Sellers for the purchase of nine Greenship Vessels. The aggregate purchase price for the nine Greenship Vessels is $153.0 million. The allocated purchase price for each Greenship Vessel is $17.0 million. The Company took delivery of six of the nine Greenship Vessels during the second quarter and is expected to take delivery of the remaining Greenship Vessels in the third quarter of 2017. As of June 30, 2017, the Company paid a deposit of $20.8 million towards the delivery of the remaining three Greenship Vessels. On July 3, 2017 and August 4, 2017, the Company took delivery of the seventh and eighth Greenship Vessels, respectively, and the remaining Greenship Vessel is expected to be delivered charter free in the third quarter of 2017.

Note 8 - Loss Per Common Share

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

Loss Per Common Share

The computation of basic net loss per share is based on the weighted average number of common shares outstanding for the

three

and

six

-month periods ended

June

30,

2017

and

June

30,

2016.

Diluted net loss per share gives effect to stock awards, stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net loss per share as of

June

30,

2017

does

not

include

1,843,211

unvested stock awards,

1,865,865

stock options and

152,266

warrants, as their effect was anti-dilutive. Diluted net loss per share as of

June

30,

2016

does

not

include

30,385

stock awards,

68,640

stock options and

152,266

warrants, as their effect was anti-dilutive.

	Three Months Ended						Six Months Ended
	June 30, 2017			June 30, 2016			June 30, 2017			June 30, 2016
Net loss	$	(5,888,466	)	$	(22,495,573	)	$	(16,956,914	)	$	(61,774,243	)
Weighted Average Shares - Basic		70,329,050			2,254,665			67,996,330			2,073,068
Dilutive effect of stock options and restricted stock units		—			—			—			—
Weighted Average Shares - Diluted		70,329,050			2,254,665			67,996,330			2,073,068
Basic loss per share *	$	(0.08	)	$	(9.98	)	$	(0.25	)	$	(29.80	)
Diluted loss per share *	$	(0.08	)	$	(9.98	)	$	(0.25	)	$	(29.80	)

*Adjusted to give effect for the

for

reverse stock split that became effective as of the opening of trading on

August 5, 2016.

Note 9 - Stock Incentive Plans

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Note

Stock Incentive Plans

2016

Equity Compensation Plan

December 15, 2016,

the Company’s shareholders approved the

2016

Equity Compensation Plan (the

“2016

Plan”) and the Company registered

5,348,613

shares of common stock, which

may

be issued under the

2016

Plan. The

2016

Plan replaced the post-emergence Management Incentive Program (the

“2014

Plan”) and

other awards will be granted under the

2014

Plan. Outstanding awards under the

2014

Plan will continue to be governed by the terms of the

2014

Plan until exercised, expired, otherwise terminated, or canceled. As of

December 31, 2016,

24,644

shares of common stock were subject to outstanding awards under the

2014

Plan. Under the terms of the

2016

Plan, awards for up to a maximum of

3,000,000

may

be granted under the

2016

Plan to any

one

employee of the Company and its subsidiaries during any

one

calendar year, and awards in the form of options and stock appreciation rights for up to a maximum of

3,000,000

may

be granted under the

2016

Plan. The total number of shares of common stock with respect to which awards

may

be granted under the

2016

Plan to any non-employee director during any

one

calendar year shall

not

exceed

500,000,

subject to adjustment as provided in the

2016

Plan. Any director, officer, employee or consultant of the Company or any of its subsidiaries (including any prospective officer or employee) is eligible to be designated to participate in the

2016

Plan.

As of

June

30,

2017

and

2016,

stock awards covering a total of

1,843,211

and

30,385

of the Company’s common shares, respectively, are outstanding under the

2014

Plan and

2016

Plan. The vesting terms range between

one

three

years from the grant date. The Company is amortizing to non-cash compensation expense included in general and administrative expenses the fair value of non-vested stock awards at the grant date.

As of

June

30,

2017

and

2016,

options covering

1,865,865

and

68,640

of the Company’s common shares, respectively, are outstanding with exercise prices ranging from

$4.28

$505.00

per share. The options vest and become exercisable in

four

equal installments beginning on the grant date. All options expire within

seven

years from the effective date.

Non-cash compensation expense for all stock awards and options included in General and administrative expenses:

	For the Three Months Ended June 30, 2017		For the Three Months Ended June 30, 2016		For the Six Months Ended June 30, 2017		For the Six Months Ended June 30, 2016
Stock awards /Stock Option Plans	$	2,478,051	$	841,933	$	4,648,751	$	1,668,546

Total non-cash compensation expense	$	2,478,051	$	841,933	$	4,648,751	$	1,668,546

The future compensation to be recognized for all the grants issued for the

six

-month period ending

December

31,

2017,

and the years ending

December 31, 2018

and

2019

will be

$4,276,686,

$6,891,228

and

$1,258,777,

respectively.

Note 5 - Debt (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

Schedule of Debt [Table Text Block]

	June 30, 2017			December 31, 2016
First Lien Facility	$	203,805,750		$	209,099,000
Debt issuance costs - First Lien		(3,891,794	)		(4,746,682	)
First Lien Facility, net of debt issuance costs		199,913,956			204,352,318
Second Lien Facility		72,305,062			67,327,843
Debt discount and Debt issuance costs - Second Lien Facility		(13,689,557	)		(15,736,617	)
Second Lien Facility, net of Debt issuance costs and debt discount		58,615,505			51,591,226
Ultraco Debt Facility		40,000,000			—
Debt discount and debt issuance costs - Ultraco debt facility		(1,493,000	)		—
		38,507,000			—
Total debt	$	297,036,461		$	255,943,544

Schedule Of Interest Expense Excluding Capitalized Interest [Table Text Block]

	Three Months Ended				Six Months Ended
	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
First Lien Facility/Exit Financing Facility	$	2,745,748	$	2,288,380	$	5,410,923	$	4,797,522
Amortization of Debt issuance costs		1,456,986		491,144		2,901,948		799,648
Payment in kind interest on Second Lien Facility		2,642,327		2,123,333		4,977,219		2,123,333
Ultraco Debt Facility		13,655		—		13,657		—
Total Interest Expense	$	6,858,716	$	4,902,857	$	13,303,747	$	7,720,503

Note 6 - Derivative Instruments and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Derivatives not designated as hedging instruments	Location of (gain)/loss recognized	Amount of (gain)/loss
		For the Three Months Ended					For the Six Months Ended
		June 30, 2017			June 30, 2016		June 30, 2017			June 30, 2016
FFAs	Other expense	$	(1,049,363	)	$	300,785	$	(788,715	)	$	300,785
Bunker Swaps	Other expense		(42,859	)		—		3,052			—
Total		$	(1,092,222	)	$	300,785	$	(785,663	)	$	300,785

Derivatives no t designated as hedging instruments	Balance Sheet location	Fair value of Derivatives
		June 30, 2017		December 31, 2016
FFAs	Other current assets	$	725,850		—
Bunker Swaps	Other current assets		10,759		—
Total		$	736,609		—

Note 1 - Basis of Presentation and General Information (Details Textual)			1 Months Ended	6 Months Ended
	May 10, 2017 USD ($) t $ / item	Apr. 28, 2017 t $ / item	Oct. 31, 2014 g	Jun. 30, 2017 USD ($) g	Oct. 31, 2014 t
Vessels In Operation				46
Average Age in Years of Operating Fleet				7 years 255 days
Dead Weight Tonnage of Operating Fleet \| g				2,600,542
Amount of Loss on Vessels on Held for Sale Combined with Loss on Sale of Vessels [Member] \| Three Months Ended 2016 [Member]
Prior Period Reclassification Adjustment				$ 115,000
Amount of Loss on Vessels on Held for Sale Combined with Loss on Sale of Vessels [Member] \| Six Months Ended 2016 [Member]
Prior Period Reclassification Adjustment				115,000
Amount of Loss on Sale of Vessels Combined with Loss on Vessels on Held for Sale [Member] \| Three Months Ended 2016 [Member]
Prior Period Reclassification Adjustment				286,210
Amount of Loss on Sale of Vessels Combined with Loss on Vessels on Held for Sale [Member] \| Six Months Ended 2016 [Member]
Prior Period Reclassification Adjustment				286,210
Japanese Vessel [Member]
Vessel Agreement, Termination Fee	$ 1,500,000			$ 1,500,000
Dead Weight Tonnage of Operating Fleet			37,000		37,000
Charters Agreement Term			7 years
Charters Agreement Term, Extension Option			1 year
2013 Built Japanese Vessel [Member]
Dead Weight Tonnage of Operating Fleet \| t	61,400	61,400
Charters Agreement Term	4 years	4 years
Charters Agreement Term, Extension Option	2 years	2 years
Vessel Hiring Rate \| $ / item	12,800	12,800
2013 Built Japanese Vessel [Member] \| Fifth Year Option [Member]
Vessel Hiring Rate \| $ / item	13,800
2013 Built Japanese Vessel [Member] \| Sixth Year Option [Member]
Vessel Hiring Rate \| $ / item	14,300
Supramax Vessels [Member]
Vessels In Operation				38
Ultramax Vessels [Member]
Vessels In Operation				8

Note 2 - Equity Offerings (Details Textual) - USD ($) $ / shares in Units, shares in Millions		6 Months Ended
	Jan. 20, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Common Stock, Par or Stated Value Per Share		$ 0.01		$ 0.01
Proceeds from Issuance of Common Stock		$ 96,030,003
December Private Placement [Member]
Stock Issued During Period, Shares, New Issues	22.2
Common Stock, Par or Stated Value Per Share	$ 0.01
Shares Issued, Price Per Share	$ 4.50
Proceeds from Issuance of Common Stock, Gross	$ 100,000,000
Proceeds from Issuance of Common Stock	$ 96,000,000

Note 4 - Vessels (Details Textual)			3 Months Ended				6 Months Ended
Note 4 - Vessels (Details Textual)	Mar. 15, 2017 USD ($)	Jan. 06, 2017 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($) g	Jun. 30, 2016 USD ($)	Jun. 30, 2017 USD ($) g	Jun. 30, 2016 USD ($)	Feb. 28, 2017 USD ($)	Dec. 31, 2016 USD ($)	Nov. 14, 2016 USD ($) t
Number Of Vessels					46		46
Dead Weight Tonnage of Operating Fleet \| g					2,600,542		2,600,542
Gain (Loss) on Disposition of Property Plant Equipment					$ 1,805,785	$ (401,210)	$ 1,897,899	$ (401,210)
Advances for Vessel Purchase, Noncurrent					$ 20,863,466		20,863,466			$ 1,926,886
Proceeds from Sale of Property, Plant, and Equipment							10,586,500	$ 5,767,000
SDARI-64 Ultramax Dry Bulk Vessel [Member]
Dead Weight Tonnage of Operating Fleet \| t											64,000
Vessel, Purchase Price											$ 17,900,000
Vessel Redwing [Member]
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property		$ 0.10
Proceeds from Sale of Property, Plant, and Equipment		$ 5,800,000
Greenship Vessels [Member] \| Eagle Bulk Ultraco LLC [Member]
Vessel Agreement, Number of Vessels to be Purchased									9
Vessel Agreement, Aggregate Purchase Price									$ 153,000,000
Vessel Agreement, Purchase Price of Each Vessel									$ 17,000,000
Vessel Agreement, Number of Vessels Delivered					6
Advances for Vessel Purchase, Noncurrent					$ 20,800,000		$ 20,800,000
Vessel Agreement, Remaining Number of Vessels to Be Delivered					3		3
Vessel Sparrow [Member]
Gain (Loss) on Disposition of Property Plant Equipment	$ 1,800,000
Proceeds from Sale of Property, Plant, and Equipment	$ 4,800,000
Vessel Woodstar [Member] \| Scenario, Forecast [Member]
Gain (Loss) on Disposition of Property Plant Equipment				$ 200,000
Proceeds from Sale of Property, Plant, and Equipment				$ 7,800,000
Vessel Wren [Member] \| Scenario, Forecast [Member]
Gain (Loss) on Disposition of Property Plant Equipment			$ 50,000
Proceeds from Sale of Property, Plant, and Equipment			$ 7,600,000

Note 4 - Vessels - Vessels and Vessel Improvements (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Vessels and vessel improvements at end of period	$ 662,179,523	$ 567,592,950
Vessels and Vessel Improvements [Member]
Purchase of Vessels and Vessel Improvements	121,331,815
Transfer to vessels held for sale	(15,210,204)
Vessel depreciation expense	(13,461,924)
Vessels and vessel improvements at end of period	$ 662,179,523	567,592,950
Advance paid for purchase of Singapore Eagle at December 31, 2016		$ 1,926,886

Note 5 - Debt (Details Textual)							3 Months Ended				6 Months Ended			12 Months Ended
Note 5 - Debt (Details Textual)	Jul. 15, 2019 USD ($)	Apr. 15, 2019 USD ($)	Jan. 15, 2019 USD ($)	Jun. 28, 2017 USD ($)	Feb. 28, 2017	Mar. 30, 2016 USD ($) $ / item	Mar. 31, 2019 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2016	Mar. 31, 2016 USD ($)	Dec. 31, 2017	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)	Dec. 31, 2019	Dec. 31, 2018
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage								40.00%	40.00%			40.00%	40.00%
Interest Paid												$ 5,338,742	$ 4,999,476
Payments of Debt Issuance Costs												575,000	2,336,009
Repayments of Long-term Debt												$ 5,293,250	$ 17,659,000
First Lien Facility [Member] \| Minimum [Member]
Debt Instrument, Interest Rate During Period								4.98%	3.94%			4.77%	3.86%
First Lien Facility [Member] \| Maximum [Member]
Debt Instrument, Interest Rate During Period								5.15%	4.53%			5.15%	4.53%
First Lien Facility [Member] \| Weighted Average [Member]
Debt Instrument, Interest Rate During Period								5.58%	5.44%			5.41%	5.48%
First Lien Facility [Member] \| First Lien Lenders [Member]
Long-term Debt						$ 201,468,750
Amount Undrawn Prior to Refinancing						10,000,000
Payments of Debt Issuance Costs						600,000
Debt Instrument, Covenant, Minimum Liquidity, Minimum Threshold						$ 8,140,000
Debt Instrument, Covenant, Minimum Liquidity, Minimum Threshold Per Vessel \| $ / item						185,000
Repayments of Long-term Debt						$ 11,718,750						$ 5,651,000
First Lien Facility [Member] \| First Lien Lenders [Member] \| Scenario, Forecast [Member]
Debt Instrument, Periodic Payment	$ 3,680,939	$ 3,680,939	$ 3,680,939
Debt Instrument, Covenant Percentage of Aggregate Principal, Minimum Threshold											100.00%			120.00%	110.00%
First Lien Facility [Member] \| First Lien Lenders [Member] \| Through December 31, 2018 [Member]
Debt Instrument, Covenant, Periodic Payment Amount, Percentage of Excess Cash Flow from Preceding Period						75.00%
Debt Instrument, Maximum Annual Periodic Payment						$ 15,625,000
Debt Instrument, Periodic Payment						3,906,250
First Lien Facility [Member] \| First Lien Lenders [Member] \| Revolving Credit Facility [Member]
Repayments of Lines of Credit						30,158,500
Line of Credit Facility, Maximum Borrowing Capacity						50,000,000
Line of Credit Facility, Remaining Borrowing Capacity								$ 25,000,000				$ 25,000,000
Forbearance Agreement [Member]
Repayments of Lines of Credit										$ 3,906,250
Second Lien Facility [Member]
Debt Instrument, Interest Rate During Period								15.00%	15.00%			15.00%	15.00%
Second Lien Facility [Member] \| Weighted Average [Member]
Debt Instrument, Interest Rate During Period								17.05%				17.05%
Second Lien Facility [Member] \| Second Lien Lenders [Member]
Long-term Debt						60,000,000
Debt Instrument, Covenant, Minimum Liquidity, Minimum Threshold						$ 6,512,000
Debt Instrument, Covenant, Minimum Liquidity, Minimum Threshold Per Vessel \| $ / item						148,000
Second Lien Facility [Member] \| Second Lien Lenders [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Reference Rate Floor						1.00%
Debt Instrument, Basis Spread on Variable Rate						14.00%
Second Lien Facility [Member] \| Second Lien Lenders [Member] \| Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate						13.00%
Second Lien Facility [Member] \| Second Lien Lenders [Member] \| Scenario, Forecast [Member]
Debt Instrument, Covenant Percentage of Aggregate Principal, Minimum Threshold											100.00%			120.00%	110.00%
Ultraco Debt Facility [Member]
Debt Instrument, Interest Rate During Period								4.08%				4.08%
Proceeds from Issuance of Long-term Debt												$ 40,000,000
Ultraco Debt Facility [Member] \| Ultraco Lenders [Member]
Proceeds from Issuance of Long-term Debt												$ 40,000,000
Ultraco Debt Facility [Member] \| Ultraco Lenders [Member] \| Eagle Bulk Ultraco LLC [Member]
Debt Instrument, Covenant Percentage of Consolidated Total Debt, Minimum Threshold				12.00%
Debt Instrument, Covenant Minimum Ratio of Consolidated Tangible Assets to Consolidated Total Assets				0.35
Debt Instrument, Covenant Ballast Water Treatment System Reserve				$ 4,550,000
Debt Agreement, Maximum Borrowing Capacity				$ 61,200,000
Debt Agreement, Maximum Borrowing Capacity, Purchase Price of Vessels to Be Acquired, Percentage				40.00%
Debt Instrument, Term				5 years
Debt Agreement, Additional Borrowing Capacity				$ 38,800,000
Debt Agreement, Maximum Borrowing Capacity, Fair Market Value of Additional Vessels to Be Financed, Percentage				40.00%
Debt Instrument, Covenant Percentage of Aggregate Principal, Minimum Threshold				150.00%
Debt Instrument, Covenant Debt Service Reserve				$ 600,000
Debt Instrument, Covenant, Minimum Liquidity, Minimum Threshold				$ 7,500,000
Ultraco Debt Facility [Member] \| Ultraco Lenders [Member] \| Eagle Bulk Ultraco LLC [Member] \| Minimum [Member]
Debt Instrument, Covenant Consolidated Interest Coverage Ratio				2
Ultraco Debt Facility [Member] \| Ultraco Lenders [Member] \| Eagle Bulk Ultraco LLC [Member] \| Maximum [Member]
Debt Instrument, Covenant Consolidated Interest Coverage Ratio				2.5
Ultraco Debt Facility [Member] \| Ultraco Lenders [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Eagle Bulk Ultraco LLC [Member]
Debt Instrument, Basis Spread on Variable Rate					2.95%
Ultraco Debt Facility [Member] \| Ultraco Lenders [Member] \| Scenario, Forecast [Member] \| Eagle Bulk Ultraco LLC [Member]
Debt Instrument, Periodic Payment, Principal							$ 1,075,601
Debt Instrument, Periodic Payment after Delivery of Remaining Vessels							$ 1,602,270

Note 5 - Debt - Summary of Debt (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Total debt	$ 297,036,461	$ 255,943,544
First Lien Facility [Member]
Total debt	199,913,956	204,352,318
First Lien Facility [Member] \| Term Loan [Member]
Debt issuance costs	(3,891,794)	(4,746,682)
Long term debt	199,913,956	204,352,318
Long-term debt, gross	203,805,750	209,099,000
Second Lien Facility [Member]
Total debt	58,615,505	51,591,226
Second Lien Facility [Member] \| Term Loan [Member]
Debt issuance costs	(13,689,557)	(15,736,617)
Long term debt	58,615,505	51,591,226
Long-term debt, gross	72,305,062	67,327,843
Ultraco Debt Facility [Member]
Total debt	38,507,000
Ultraco Debt Facility [Member] \| Term Loan [Member]
Debt issuance costs	(1,493,000)
Long term debt	38,507,000
Long-term debt, gross	$ 40,000,000

Note 5 - Debt - Interest Expense (Details) - USD ($)	3 Months Ended		6 Months Ended
Note 5 - Debt - Interest Expense (Details) - USD ($)	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
First Lien Facility/Exit Financing Facility	$ 2,745,748	$ 2,288,380	$ 5,410,923	$ 4,797,522
Amortization of debt issuance costs			2,901,948	799,648
Payment-in-kind interest on debt			4,977,219	2,123,333
Interest expense	6,858,716	4,902,857	13,303,747	7,720,503
Ultraco Debt Facility [Member]
Ultraco Debt Facility	13,655		13,657
Line of Credit [Member]
Amortization of debt issuance costs	1,456,986	491,144	2,901,948	799,648
Payment-in-kind interest on debt	$ 2,642,327	$ 2,123,333	$ 4,977,219	$ 2,123,333

Note 6 - Derivative Instruments and Fair Value Measurements - Effect of Non-designated Derivative Instruments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Derivative Instruments Not Designated as Hedging Instruments, (Gain) Loss	$ (1,092,222)	$ 300,785	$ (785,663)	$ 300,785
Derivative Instruments Not Designated as Hedging Instruments, Asset, Fair value	736,609		736,609
Forward Freight Agreements [Member] \| Other Current Assets [Member]
Derivative Instruments Not Designated as Hedging Instruments, Asset, Fair value	725,850		725,850
Forward Freight Agreements [Member] \| Other Expense [Member]
Derivative Instruments Not Designated as Hedging Instruments, (Gain) Loss	(1,049,363)	300,785	(788,715)	300,785
Bunker Swaps [Member] \| Other Current Assets [Member]
Derivative Instruments Not Designated as Hedging Instruments, Asset, Fair value	10,759		10,759
Bunker Swaps [Member] \| Other Expense [Member]
Derivative Instruments Not Designated as Hedging Instruments, (Gain) Loss	$ (42,859)		$ 3,052

Note 7 - Commitments and Contingencies (Details Textual)			1 Months Ended	3 Months Ended
	May 10, 2017 USD ($) t $ / item	Apr. 28, 2017 t $ / item	Oct. 31, 2014 g $ / d	Jun. 30, 2017 USD ($) g	Feb. 28, 2017 USD ($)	Dec. 31, 2016 USD ($)	Oct. 31, 2014 t
Dead Weight Tonnage of Operating Fleet \| g				2,600,542
Advances for Vessel Purchase, Noncurrent				$ 20,863,466		$ 1,926,886
Japanese Vessel [Member]
Vessel Agreement, Termination Fee	$ 1,500,000			$ 1,500,000
Dead Weight Tonnage of Operating Fleet			37,000				37,000
Charters Agreement Term			7 years
Charters Agreement Term, Extension Option			1 year
Japanese Vessel [Member] \| First Seven Years [Member]
Vessel Hiring Rate \| $ / d			13,500
Japanese Vessel [Member] \| Eighth Year Option [Member]
Vessel Hiring Rate \| $ / d			13,750
2013 Built Japanese Vessel [Member]
Dead Weight Tonnage of Operating Fleet \| t	61,400	61,400
Charters Agreement Term	4 years	4 years
Charters Agreement Term, Extension Option	2 years	2 years
Vessel Hiring Rate \| $ / item	12,800	12,800
2013 Built Japanese Vessel [Member] \| First Optional Year [Member]
Vessel Hiring Rate \| $ / item		13,800
2013 Built Japanese Vessel [Member] \| Second Optional Year [Member]
Vessel Hiring Rate \| $ / item		14,300
Greenship Vessels [Member] \| Eagle Bulk Ultraco LLC [Member]
Vessel Agreement, Number of Vessels to be Purchased					9
Vessel Agreement, Aggregate Purchase Price					$ 153,000,000
Vessel Agreement, Purchase Price of Each Vessel					$ 17,000,000
Vessel Agreement, Number of Vessels Delivered				6
Advances for Vessel Purchase, Noncurrent				$ 20,800,000
Vessel Agreement, Remaining Number of Vessels to Be Delivered				3

Note 8 - Loss Per Common Share (Details Textual)		6 Months Ended
Note 8 - Loss Per Common Share (Details Textual)	Aug. 05, 2016	Jun. 30, 2017 shares	Jun. 30, 2016 shares
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	20
Stock Compensation Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		1,843,211	30,385
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		1,865,865	68,640
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		152,266	152,266

Note 8 - Loss Per Common Share - Loss Per Share, Basic and Diluted (Details) - USD ($)

3 Months Ended

6 Months Ended

Jun. 30, 2017

Jun. 30, 2016

Jun. 30, 2017

Jun. 30, 2016

Net loss

$ (5,888,466)

$ (22,495,573)

$ (16,956,914)

$ (61,774,243)

Weighted Average Shares - Basic (in shares)

70,329,050

2,254,665

67,996,330

2,073,068

Weighted Average Shares - Diluted (in shares)

70,329,050

2,254,665

67,996,330

2,073,068

Basic loss per share * (in dollars per share)

^[1]

$ (0.08)

$ (9.98)

$ (0.25)

$ (29.80)

Diluted loss per share * (in dollars per share)

^[1]

$ (0.08)

$ (9.98)

$ (0.25)

$ (29.80)

[1]	Adjusted to give effect for the 1 for 20 reverse stock split that became effective as of the opening of trading on August 5, 2016.

Note 9 - Stock Incentive Plans (Details Textual) - USD ($)	3 Months Ended		6 Months Ended			11 Months Ended	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 15, 2016	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2016
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options	1,865,865	68,640		1,865,865	68,640
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				7 years	7 years
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit				$ 4.28	$ 4.28
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit				$ 505	$ 505
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term				4 years	4 years
Scenario, Forecast [Member]
Allocated Share-based Compensation Expense			$ 4,276,686				$ 1,258,777	$ 6,891,228
2016 Equity Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized						5,348,613
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Can Be Granted Per Emoloyee In One Year						3,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Options and Stock Appreciation Rights Can Be Granted Per Employee In One Year						3,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Can Be Granted to Non-employee Director In One Year						500,000
Management Incentive Plan 2014 [Member]
Common Stock, Capital Shares Reserved for Future Issuance									24,644
Allocated Share-based Compensation Expense	$ 2,478,051	$ 841,933		$ 4,648,751	$ 1,668,546
Management Incentive Plan 2014 and Equity Compensation Plan 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Outstanding Number	1,843,211	30,385		1,843,211	30,385
Management Incentive Plan 2014 and Equity Compensation Plan 2016 [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				1 year
Management Incentive Plan 2014 and Equity Compensation Plan 2016 [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years

Note 9 - Stock Incentive Plans - Non-cash Compensation Expenses (Details) - Management Incentive Plan 2014 [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Non-cash compensation expense	$ 2,478,051	$ 841,933	$ 4,648,751	$ 1,668,546
Stock Awards and Stock Option Plans [Member] \| General and Administrative Expense [Member]
Non-cash compensation expense	$ 2,478,051	$ 841,933	$ 4,648,751	$ 1,668,546

Note 6 - Derivative Instruments and Fair Value Measurements (Details Textual) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Other Current Assets [Member] \| Forward Freight Agreements [Member]
Derivative, Collateral, Right to Reclaim Cash	$ 994,204	$ 0