Company: BLUWU
Filing Date: 2025-03-28
Form Type: CORRESP
Source: 0001641172-25-001412
Chunk: 0

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-03-28
Form: CORRESP
Chunk 0
---
| Andrei         
 Sirabionian    
 Partner        
 345            
 Park Avenue    
 New            
 York, NY 10154 | Direct       
 212.407.4089 
 Main         
 212.407.4000 
 Fax          
 212.937.4990 
 asirabionian 
 @loeb.com    |

March 28, 2025

VIA EDGAR

United States Securities and Exchange Commission

Division of Corporation Finance

Office of Real Estate and Construction

100 F Street, NE

Washington, DC 20549

| Re: | Blue                        
 Water Acquisition Corp. III 
 Registration                
 Statement on Form S-1       
 Filed                       
 February 20, 2025           |
|:----|:----------------------------|
|     | File                        
 No. 333-285075              |

Ladies and Gentlemen:

On behalf of our client, Blue Water Acquisition Corp. III (the “ Company”), we are writing to submit responses to the comments of the staff (the “ Staff”) of the Division of Corporation Finance of the United States Securities and Exchange Commission (the “ Commission”) set forth in its letter, dated March 14, 2025, relating to the above-referenced Registration Statement on Form S-1.

The Company is filing via EDGAR Amendment No. 1 to Registration Statement on Form S-1 (the “ Amended Registration Statement”), which reflects responses to the comments received by the Staff and certain updated information.

We have set forth below the comments in the Staff’s letter, in bold, and the responses thereto. All page references in the responses set forth below refer to the page numbers in the Amended Registration Statement.

Registration Statement on Form S-1

Cover Page

| 1. | We                                                                                                                                 
 note your disclosure in paragraph 9 that you may pay finder’s fees, advisory fees, consulting fees, success fees or salaries       
 to your sponsor, officers, directors or your or their affiliates. On page 35 and elsewhere, you refer to this fee only being paid  
 to independent directors, advisors, or their respective affiliates. Please revise your disclosure, as appropriate, to address this 
 discrepancy.                                                                                                                       |

Response:In response to the Staff’s comment, the Company has revised the disclosure on the cover page, pages 35, 104 and 138 of the Amended Registration Statement.

| 2. | We                                                                                                                                         
 note disclosure on page 18 and elsewhere that if you increase or decrease the size of the offering, you will