EXHIBIT 21.1

Registrant’s Subsidiaries	Jurisdiction of Organization
Alcinoe Shipping Limited	Republic of Cyprus
Allendale Investments S.A.	Republic of Panama
Alterwall Business Inc.	Republic of Panama
Cove Apparel, Inc.	Delaware
Diana Trading Ltd.	Republic of the Marshall Islands
Emmentaly Business Inc.	Republic of Panama
Eternity Shipping Company	Republic of the Marshall Islands
Gregos Shipping Limited	Republic of the Marshall Islands
Manolis Shipping Ltd.	Republic of the Marshall Islands
Oceanopera Shipping Limited	Republic of Cyprus
Pilory Associates Corp.	Republic of Panama
Prospero Maritime Inc.	Republic of the Marshall Islands
Salina Shipholding Corp.	Republic of the Marshall Islands
Tiger Navigation Corp.	Republic of the Marshall Islands
Trust Navigation Corp.	Republic of Liberia
Xenia International Corporation	Republic of the Marshall Islands
Xingang Shipping Ltd.	Republic of Liberia