Shi drum (Umbrina cirrosa L.) is regarded as a promising new candidate for Mediterranean mariculture but specifically formulated feeds are not yet available due to knowledge gaps in its basic nutritional requirements. Therefore, this study was carried out to determine the effects of dietary lipid levels on growth and feed utilization in shi drum (72.6 g average weight). Four isonitrogenic diets differing in dietary lipid levels between 10 and 19% (named 10L, 13L, 16L, and 19L, respectively) were fed to triplicate groups of fish for 8 weeks. Growth was not affected by treatment whereas feed efficiency was significantly deteriorated in fish fed diets containing lipid higher than 13%. Whole body dry matter and lipid contents were significantly higher in fish fed 19L compared with fish fed the 10L, while whole body protein, ash, and total carbon (C) were statistically unaffected by the dietary treatment. A significant increase in feed, lipid, energy, nitrogen (N), and carbon (C) intake was recorded in fish fed 16L and 19L when compared with 10L. Carbon/nitrogen (C/N) ratio was significantly higher in fish fed 19L than 10L. Moreover, the N and C losses significantly increased in fish fed 19L compared with 10L and 13L. It was concluded that high dietary lipid did neither had any protein-sparing effect nor other positive result, and diets for shi drum are not recommended to contain more than 13% lipid.