TBS INTERNATIONAL LIMITED EXHIBIT 21.1

Subsidiaries of the Registrant

			Jurisdiction of
			Incorporation or
Subsidiary			Organization
Westbrook Holdings, Ltd.			Marshall Islands
	Albemarle Maritime Corp.		Marshall Islands
	Arden Maritime Corp.		Marshall Islands
	Argyle Maritime Corp.		Marshall Islands
	Asia-America Ocean Carriers Ltd.		Marshall Islands
	Avon Maritime Corp.		Marshall Islands
	Bedford Maritime Corp.		Marshall Islands
	Beekman Shipping Corp.		Marshall Islands
	Birnam Maritime Corp.		Marshall Islands
	Brighton Maritime Corp.		Marshall Islands
	Bristol Maritime Corp.		Marshall Islands
	Chester Shipping Corp.		Marshall Islands
	Columbus Maritime Corp.		Marshall Islands
	Cortland Navigation Corp.		Marshall Islands
	Darby Navigation Corp.		Marshall Islands
	Dorchester Maritime Corp.		Marshall Islands
	Dover Maritime Corp.		Marshall Islands
	Elrod Shipping Corp.		Marshall Islands
	Exeter Shipping Corp.		Marshall Islands
	Fairfax Shipping Corp.		Marshall Islands
	Frankfort Maritime Corp.		Marshall Islands
	Glenwood Maritime Corp.		Marshall Islands
	Hancock Navigation Corp.		Marshall Islands
	Hansen Shipping Corp.		Marshall Islands
	Hari Maritime Corp.		Marshall Islands
	Henley Maritime Corp.		Marshall Islands
	Hudson Maritime Corp.		Marshall Islands
	Kensington Shipping Corp.		Marshall Islands
	Leaf Shipping Corp.		Marshall Islands
	Longwoods Maritime Corp.		Marshall Islands
	McHenry Maritime Corp.		Marshall Islands
	Newkirk Navigation Corp.		Marshall Islands
	Oldcastle Shipping Corp.		Marshall Islands
	Pacific Rim Shipping Corp.		Marshall Islands
	Prospect Navigation Corp.		Marshall Islands
	Rector Shipping Corp.		Marshall Islands
	Remsen Navigation Corp.		Marshall Islands
	Sheffield Maritime Corp.		Marshall Islands
	Sherman Maritime Corp.		Marshall Islands
	Sterling Shipping Corp.		Marshall Islands
	Stratford Shipping Corp.		Marshall Islands
	Vernon Maritime Corp.		Marshall Islands
	Whitehall Marine Transport Corp.		Marshall Islands
	Windsor Maritime Corp.		Marshall Islands
Transworld Cargo Carriers, S.A. (Marshall Islands)			Marshall Islands
TBS Worldwide Services Inc. (Marshall Islands)			Marshall Islands
	TBS African Ventures Limited		Marshall Islands
		GMTBS Africa Line Limited	Hong Kong
	TBS Eurolines, Ltd.		Marshall Islands
	TBS Latin America Liner, Ltd.		Marshall Islands
	TBS Middle East Carriers, Ltd.		Marshall Islands
	TBS North America Liner, Ltd.		Marshall Islands
	TBS Ocean Carriers, Ltd.		Marshall Islands
	TBS Pacific Liner, Ltd.		Marshall Islands
	TBS Logistics Ltd.		Marshall Islands
Roymar Ship Management Inc.			New York
TBS Shipping Services Inc.			New York
	Compass Chartering Corp.		New York
		Azalea Shipping & Chartering Inc.	New York
	TBS US Enterprises LLC		New York
	TBS Energy Logistics LP		New York