EX-99 3 d496661_ex8-1.txt Exhibit 8.1 Subsidiaries
Name Country of Ownership Vessel/Activity Incorporation Percentage --------------- ------------- ---------- CalPetro Tankers (Bahamas I) Ltd Cygnus Voyager Bahamas 100% CalPetro Tankers (Bahamas II) Ltd Altair Voyager Bahamas 100% CalPetro Tankers (Bahamas III) Ltd Virgo Voyager Bahamas 100% Granite Shipping Co. Ltd. Front Granite Bahamas 100% Frontline Management (Bermuda) Ltd Management company Bermuda 100% ICB Shipping (Bermuda) Limited Management company Bermuda 100% Mosvold Shipping Limited Holding company Bermuda 100% Ship Finance International Limited Holding company Bermuda 75% Buckingham Shipping Plc British Pioneer Isle of Man 100% Caernarfon Shipping Plc British Progress Isle of Man 100% CalPetro Tankers (IOM) Ltd Sirius Voyager Isle of Man 100% Golden Current Limited Opalia Isle of Man 100% Golden State Petro (IOM 1-A) PLC Antares Voyager Isle of Man 100% Golden State Petro (IOM 1-B) PLC Phoenix Voyager Isle of Man 100% Holyrood Shipping Plc British Pride Isle of Man 100% Oscilla Shipping Ltd Option to acquire VLCC Isle of Man 100% Sandringham Shipping Plc British Purpose Isle of Man 100% Ariake Transport Corporation Ariake Liberia 100% Bonfield Shipping Ltd. Front Driver Liberia 100% Edinburgh Navigation SA Edinburgh Liberia 100% Fourways Marine Limited Front Spirit Liberia 100% Front Ardenne Inc. Front Ardenne Liberia 100% Front Brabant Inc. Front Brabant Liberia 100% Front Eagle Corporation Front Eagle Liberia 100% Front Falcon Inc Front Falcon Liberia 100% Front Glory Shipping Inc. Front Glory Liberia 100% Front Pride Shipping Inc. Front Pride Liberia 100% Front Saga Inc Front Page Liberia 100% Front Serenade Inc. Front Serenade Liberia 100% Front Splendour Shipping Inc. Front Splendour Liberia 100% Front Stratus Inc. Front Stratus Liberia 100% Front Tobago Inc. Front Tobago Liberia 40% Golden Aquarian Corporation Cos Hero Liberia 100% Golden Bayshore Shipping Corporation Navix Astral Liberia 100% Golden Channel Corporation Front Commodore Liberia 100% Golden Estuary Corporation Front Comanche Liberia 100% Golden Fjord Corporation Ocana (ex Front Commerce) Liberia 100% Golden Fountain Corporation Golden Fountain Liberia 50% Golden Hilton Shipping Corporation Channel Navigator Liberia 100% Golden President Shipping Corporation Channel Alliance Liberia 100% Golden Seaway Corporation New Vanguard Liberia 100% Golden Sound Corporation New Vista Liberia 100% Golden Strait Corporation Golden Victory Liberia 100% Golden Stream Corporation Golden Stream Liberia 100% Golden Tide Corporation Omalia (ex New Circassia) Liberia 100% Hitachi Hull # 4983 Corporation Otina (ex Hakata) Liberia 100% Katong Investments Ltd. Front Breaker Liberia 100% Kea Navigation Ltd Front Melody Liberia 100% Langkawi Shipping Ltd. Front Birch Liberia 100% Millcroft Maritime SA Front Champion Liberia 100% Otina Inc. Front Tina Liberia 100% Optimal Shipping SA Front Symphony Liberia 100% Pablo Navigation SA Front Chief Liberia 100% Patrio Shipping Ltd. Front Hunter Liberia 100% Rakis Maritime SA Front Fighter Liberia 100% Ryan Shipping Corporation Front Warrior Liberia 100% Saffron Rose Shipping Limited Front Crown Liberia 100% Sea Ace Corporation Front Ace Liberia 100% Sibu Shipping Ltd. Front Maple Liberia 100% South West Tankers Inc Front Sunda Liberia 100% Tidebrook Maritime Corporation Front Commander Liberia 100% Ultimate Shipping Ltd. Front Century Liberia 100% West Tankers Inc. Front Comor Liberia 100% Frontline Management AS Management company Norway 100% Puerto Reinosa Shipping Co SA Front Lillo Panama 100% Aspinall Pte Ltd. Front Viewer Singapore 100% Blizana Pte Ltd. Front Rider Singapore 100% Bolzano Pte Ltd. Mindanao Singapore 100% Cirebon Shipping Pte Ltd. Front Vanadis Singapore 100% Fox Maritime Pte Ltd. Front Sabang Singapore 100% Front Dua Pte Ltd. Front Duchess Singapore 100% Front Empat Pte Ltd. Front Highness Singapore 100% Front Enam Pte Ltd. Front Lord Singapore 100% Front Lapan Pte Ltd. Front Climber Singapore 100% Front Lima Pte Ltd. Front Lady Singapore 100% Front Tiga Pte Ltd. Front Duke Singapore 100% Front Tujuh Pte Ltd. Front Emperor Singapore 100% Front Sembilan Pte Ltd. Front Leader Singapore 100% Rettie Pte Ltd. Front Striver Singapore 100% Transcorp Pte Ltd. Front Guider Singapore 100%