EXHIBIT 21

LIST OF SUBSIDIARIES

NAME	STATE OR JURISDICTION OF INCORPORATION	PERCENTAGE OF VOTING SECURITIES OWNED
1.        Gulf Fleet Abu Dhabi	Abu Dhabi		49	%
2.        Tidewater Marine Alaska, Inc.	Alaska		100	%
3.        Barrow Marine Towing Pty. Ltd.	Australia		57.5	%
4.        Pacific Tidewater Pty. Ltd.	Australia		100	%
5.        Tidewater Australia Pty. Ltd.	Australia		100	%
6.        Tidewater Marine Australia Pty Ltd	Australia		100	%
7.        Tidewater Marine West Indies Limited	Bahama Islands		100	%
8.        Tidewater Foreign Sales Corporation	Barbados		100	%
9.        Tidewater Investment SRL	Barbados		100	%
10.      Pental Insurance Co. Ltd.	Bermuda		100	%
11.      Mare Alta do Brasil Navegacao Ltda.	Brazil		100	%
12.      OSA do Brasil Representações Ltda.	Brazil		100	%
13.      Pan Marine do Brasil Ltda.	Brazil		100	%
14.      Mashhor Marine Sdn. Bhd.	Brunei		70	%
15.      Aqua Fleet Limited	Cayman Islands		100	%
16.      Blue Fleet Limited	Cayman Islands		100	%
17.      Crimson Fleet Limited	Cayman Islands		100	%
18.      Gold Fleet Limited	Cayman Islands		100	%
19.      Green Fleet Limited	Cayman Islands		100	%
20.      Gulf Fleet Middle East Limited	Cayman Islands		100	%
21.      Indigo Fleet Limited	Cayman Islands		100	%
22.      International Maritime Services, Inc.	Cayman Islands		100	%
23.      Jackson Marine Limited	Cayman Islands		100	%
24.      LNG Marine Towing Cayman Limited	Cayman Islands		57.5	%
25.      LNG Marine Towing Cayman L.P.	Cayman Islands		57.5	%
26.      Maroon Fleet Limited	Cayman Islands		100	%
27.      Orange Fleet Limited	Cayman Islands		100	%
28.      Pan Marine International, Inc.	Cayman Islands		100	%
29.      Platinum Fleet Limited	Cayman Islands		100	%
30.      Purple Fleet Limited	Cayman Islands		100	%
31.      Silver Fleet Limited	Cayman Islands		100	%
32.      Sonatide Marine Services, Ltd.	Cayman Islands		49	%
33.      Sonatide Marine, Ltd.	Cayman Islands		49	%
34.      Tidewater Assets Limited	Cayman Islands		100	%
35.      Tidewater Boats Limited	Cayman Islands		100	%
36.      Tidewater Crewing Limited	Cayman Islands		100	%
37.      Tidewater Hulls Limited	Cayman Islands		100	%
38.      Tidewater Marine International, Inc.	Cayman Islands		100	%
39.      Tidewater Maritime Limited	Cayman Islands		100	%
40.      Tidewater Properties Limited	Cayman Islands		100	%
41.      Tidewater Ships Limited	Cayman Islands		100	%
42.      Tidewater Vessels Limited	Cayman Islands		100	%
43.      Vermilion Fleet Limited	Cayman Islands		100	%
44.      VTG Ships Limited	Cayman Islands		100	%
45.      Zapata Gulf Marine International Limited	Cayman Islands		100	%
46.      Compania Marítima de Magallanes Limitada	Chile		100	%
47.      Tidewater Marine Technical Services (Shenzhen) Co., Ltd.	China		100	%
48.      LNG Marine Towing N.V.	Curacao		57.5	%
49.      PT Nigeria LTD	Cyprus		100	%
50.      Vesselogistics Limited	Cyprus		100	%
51.      Cajun Acquisitions, L.L.C.	Delaware		100	%
52.      Tidewater Corporate Services, L.L.C.	Delaware		100	%
53.      Tidewater Mexico Holding, L.L.C.	Delaware		100	%
54.      Tidewater Offshore (GP-1984), Inc.	Delaware		100	%
55.      Al Wasl Marine LLC	Dubai		49	%
56.      Fairway Personnel Services Limited	England		100	%

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NAME	STATE OR JURISDICTION OF INCORPORATION	PERCENTAGE OF VOTING SECURITIES OWNED
57.      Tidewater Marine North Sea Limited	England		100	%
58.      Tidewater (India) Private Limited	India		100	%
59.      PT Tidewater Operators Indonesia	Indonesia		95	%
60.      Tidewater Marine Kazakhstan, L.L.P.	Kazakhstan		100	%
61.      VTG Supply Boat Liberia Inc.	Liberia		100	%
62.      Tidewater Libya Marine Services Joint Venture Company	Libya		65	%
63.      Gulf Fleet Supply Vessels, L.L.C.	Louisiana		100	%
64.      Jackson Marine, L.L.C.	Louisiana		100	%
65.      Java Boat Corporation	Louisiana		100	%
66.      Point Marine, L.L.C.	Louisiana		100	%
67.      Quality Shipyards, L.L.C.	Louisiana		100	%
68.      S.O.P., Inc.	Louisiana		100	%
69.      Seafarer Boat, L.L.C.	Louisiana		100	%
70.      T. Benetee L.L.C.	Louisiana		100	%
71.      Tidewater Marine Sakhalin, L.L.C.	Louisiana		100	%
72.      Tidewater Marine Service, L.L.C.	Louisiana		100	%
73.      Tidewater Marine, L.L.C.	Louisiana		100	%
74.      TT Boat Corporation	Louisiana		100	%
75.      Twenty Grand (Brazil), L.L.C	Louisiana		100	%
76.      Twenty Grand Marine Service, L.L.C.	Louisiana		100	%
77.      Twenty Grand Offshore, L.L.C.	Louisiana		100	%
78.      Zapata Gulf Marine L.L.C.	Louisiana		100	%
79.      Zapata Gulf Pacific, L.L.C.	Louisiana		100	%
80.      Solo Support Services Sdn. Bhd.	Malaysia		100	%
81.      Tidewater Marine Service (M) Sdn.Bhd.	Malaysia		100	%
82.      Tidewater Offshore Sdn Bhd.	Malaysia		49	%
83.      Vista Merge Sdn Bhd.	Malaysia		100	%
84.      Arrendadora de Naves del Golfo, S.A. de C.V., SOFOM, ENR	Mexico		100	%
85.      Logistica Mexicana del Caribe, S. de R.L. de C.V.	Mexico		100	%
86.      Naviera Tidex, S. de R.L. de .C.V.	Mexico		49	%
87.      Servicios Costa Afuera de Mexico, S. de R.L. de C.V.	Mexico		100	%
88.      Tidewater de Mexico, S.A. de C.V.	Mexico		99	%
89.      Java Boat Corporation B.V.	Netherlands		100	%
90.      LNG Marine Towing International Cooperatief U.A.	Netherlands		57.5	%
91.      Phoenix Tide Offshore Nigeria B.V.	Netherlands		100	%
92.      Gulf Fleet N.V.	Netherlands Antilles		100	%
93.      Hilliard Oil & Gas, Inc.	Nevada		100	%
94.      O.I.L. (Nigeria) Limited	Nigeria		82.1	%
95.      Tidex Nigeria Limited	Nigeria		60	%
96.      Zapata Marine Service (Nigeria) Limited	Nigeria		100	%
97.      Global Panama Marine Service, Inc.	Panama		100	%
98.      Niugini Offshore Services Joint Venture	Papua New Guinea		40	%
99.      Sakhalin Holding, L.L.C.	Russia		100	%
100.    Sakhalin Offshore Marine, L.L.C.	Russia		100	%
101.    Tidewater Al Rushaid Co. Ltd.	Saudi Arabia		50	%
102.    Southern Ocean Services Pte. Ltd.	Singapore		100	%
103.    Tidewater Marine International Pte. Ltd.	Singapore		100	%
104.    Tidewater Marine Western, Inc.	Texas		100	%
105.    Divetide Limited	Thailand		49	%
106.    Antilles Marine Service Limited	Trinidad & Tobago		50	%
107.    Provident Marine Ltd.	Turks & Caicos		50	%
108.    Offshore Pacific Pty. Ltd.	Vanuatu		100	%
109.    Tidewater Marine Indonesia Limited	Vanuatu		80	%
110.    Tidewater Marine Vanuatu Limited	Vanuatu		100	%
111.    Equipo Mara, C.A.	Venezuela		35.8	%
112.    Tidewater Caribe, C.A.	Venezuela		100	%

NOTE: The Company has elected to exclude certain subsidiaries that do not constitute a “Significant Subsidiary” as set forth in Section 601(b)(21) of Regulation S-K.

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