Exhibit 8.1

SUBSIDIARIES AS AT DECEMBER 31, 2022

Subsidiary

Country of Incorporation

Aerik Shipping Company Inc.

The Republic of the Marshall Islands

Ailuk Shipping Company Inc.

The Republic of the Marshall Islands

Arorae Shipping Company Inc.

The Republic of the Marshall Islands

Aster Shipping Company Inc.

The Republic of the Marshall Islands

Beru Shipping Company Inc.

The Republic of the Marshall Islands

Bikati Shipping Company Inc.

The Republic of the Marshall Islands 

Bikini Shipping Company Inc.

The Republic of the Marshall Islands

Bokak Shipping Company Inc.

The Republic of the Marshall Islands

Bonriki Shipping Company Inc.

The Republic of the Marshall Islands

Cerada International S.A.

Republic of Panama

Ebadon Shipping Company Inc.

The Republic of the Marshall Islands

Ejite Shipping Company Inc.

The Republic of the Marshall Islands

Erikub Shipping Company Inc.

The Republic of the Marshall Islands

Fayo Shipping Company Inc.

The Republic of the Marshall Islands

Gala Properties Inc.

The Republic of the Marshall Islands

Guam Shipping Company Inc.

The Republic of the Marshall Islands

Jabat Shipping Company Inc.

The Republic of the Marshall Islands

Jabwot Shipping Company Inc.

The Republic of the Marshall Islands

Jemo Shipping Company Inc.

The Republic of the Marshall Islands

Kaben Shipping Company Inc.

The Republic of the Marshall Islands

Kili Shipping Company Inc.

The Republic of the Marshall Islands

Kiribati Shipping Company Inc.

The Republic of the Marshall Islands

Knox Shipping Company Inc.

The Republic of the Marshall Islands

Lae Shipping Company Inc.

The Republic of the Marshall Islands

Lelu Shipping Company Inc.

The Republic of the Marshall Islands

Lib Shipping Company Inc.

The Republic of the Marshall Islands

Majuro Shipping Company Inc.

The Republic of the Marshall Islands

Makur Shipping Company Inc.

The Republic of the Marshall Islands

Mandaringina Inc.

The Republic of the Marshall Islands

Manra Shipping Company Inc.

The Republic of the Marshall Islands

Mejato Shipping Company Inc.

The Republic of the Marshall Islands

Namu Shipping Company Inc.

The Republic of the Marshall Islands

Namorik Shipping Company Inc.

The Republic of the Marshall Islands

Palau Shipping Company Inc.

The Republic of the Marshall Islands

Pulap Shipping Company Inc.

The Republic of the Marshall Islands

Rairok Shipping Company Inc.

The Republic of the Marshall Islands

Rakaru Shipping Company Inc.

The Republic of the Marshall Islands

Silver Chandra Shipping Company Limited

Republic of Cyprus

Tamana Shipping Company Inc.

The Republic of the Marshall Islands

Taongi Shipping Company Inc.

The Republic of the Marshall Islands

Taroa Shipping Company Inc.

The Republic of the Marshall Islands

Toku Shipping Company Inc.

The Republic of the Marshall Islands

Tuvalu Shipping Company Inc.

The Republic of the Marshall Islands

Ujae Shipping Company Inc.

The Republic of the Marshall Islands

Vesta Commercial, S.A.

Republic of Panama

Wake Shipping Company Inc.

The Republic of the Marshall Islands

Weno Shipping Company Inc.

The Republic of the Marshall Islands

Wotho Shipping Company Inc.

The Republic of the Marshall Islands

Diana Ship Management Inc.

The Republic of the Marshall Islands

Diana Shipping Services S.A.

Republic of Panama

Bulk Carriers (USA) LLC

United States (State of Delaware)