EXHIBIT 21

OMI CorporationSubsidiaries as of
March 2, 2004(All subsidiaries are 100% owned directly or indirectly except
as indicated)





|COMPANY                                   |  |                  | JURISDICTION |  | 
|----------------------------------------- |  | ---------------- | ------------ |  | 
|                                          |  |                  |              |  | 
|Alliance
Chartering LLC (50%)             |  | Marshall Islands |             
|Alma Shipping LLC                         |  | Marshall Islands |             
|Amazon Shipping
LLC                       |  | Marshall Islands |             
|Amazon Transport Inc.                     |  | Liberia          |             
|Ashley Shipping
LLC                       |  | Marshall Islands |             
|Bandar Ayu Shipping LLC                   |  | Marshall Islands |             
|Charente Shipping
LLC                     |  | Marshall Islands |             
|Colorado Shipping LLC                     |  | Marshall Islands |             
|Columbia Shipping
LLC                     |  | Marshall Islands |             
|Dakota Shipping LLC                       |  | Marshall Islands |             
|Danube Shipping
LLC                       |  | Marshall Islands |             
|Delaware Shipping LLC                     |  | Marshall Islands |             
|Elbe Shipping
LLC                         |  | Delaware, USA    |             
|Elbe Shipping LLC                         |  | Marshall Islands |             
|Fox Shipping
LLC                          |  | Marshall Islands |             
|Ganges Shipping LLC                       |  | Marshall Islands |             
|Garonne Shipping
LLC                      |  | Marshall Islands |             
|Gemini Tankers LLC                        |  | Marshall Islands |             
|Guadalupe Shipping
LLC                    |  | Marshall Islands |             
|Hudson Shipping LLC                       |  | Marshall Islands |             
|International
Product Carriers LLC (50%)  |  | Delaware, USA    |             
|International Product Carriers
Ltd. (50%) |  | Bermuda          |             
|Isere Shipping
LLC                        |  | Marshall Islands |             
|Laurel Shipping LLC                       |  | Marshall Islands |             







1

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|COMPANY                   |  |                  | JURISDICTION |  | 
|------------------------- |  | ---------------- | ------------ |  | 
|                          |  |                  |              |  | 
|Limar
Shipping LLC        |  | Marshall Islands |             
|Loire Shipping LLC        |  | Marshall Islands |             
|Madison Shipping
LLC      |  | Marshall Islands |             
|Marne Shipping LLC        |  | Marshall Islands |             
|Mendala II
Transport Inc. |  | Liberia          |             
|Moselle Shipping LLC      |  | Marshall Islands |             
|Neches Shipping
LLC       |  | Marshall Islands |             
|Nile Shipping LLC         |  | Marshall Islands |             
|Ohio Shipping
LLC         |  | Marshall Islands |             
|OMI Marine Services LLC   |  | Delaware, USA    |             
|Orontes Shipping
LLC      |  | Marshall Islands |             
|Orontes Shipping Ltd.     |  | Malta            |             
|Ottawa Shipping
LLC       |  | Marshall Islands |             
|Pagoda Shipping LLC       |  | Marshall Islands |             
|Patricia Shipping
LLC     |  | Marshall Islands |             
|Paulina Shipping LLC      |  | Marshall Islands |             
|Pecos Shipping
LLC        |  | Marshall Islands |             
|Potomac Shipping LLC      |  | Marshall Islands |             
|Racer Shipping
LLC        |  | Marshall Islands |             
|Radiance Shipping LLC     |  | Marshall Islands |             
|Rain Shipping
LLC         |  | Marshall Islands |             
|Rhone Shipping LLC        |  | Marshall Islands |             
|Roanoke Shipping
LLC      |  | Marshall Islands |             
|Rosetta Shipping LLC      |  | Marshall Islands |             
|Ruby Shipping
LLC         |  | Marshall Islands |             
|Sabine Shipping LLC       |  | Marshall Islands |             
|Sacramento
Shipping LLC   |  | Marshall Islands |             
|San Jacinto Shipping LLC  |  | Marshall Islands |             
|Saone Shipping
LLC        |  | Marshall Islands







2

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|COMPANY                   |  |                  | JURISDICTION |  | 
|------------------------- |  | ---------------- | ------------ |  | 
|                          |  |                  |              |  | 
|Seine
Shipping LLC        |  | Marshall Islands |             
|Settebello Shipping LLC   |  | Liberia          |             
|Severn Shipping
LLC       |  | Marshall Islands |             
|Shannon Shipping LLC      |  | Delaware, USA    |             
|Shannon Shipping
LLC      |  | Marshall Islands |             
|Somjin Shipping LLC       |  | Marshall Islands |             
|Soyang Shipping
LLC       |  | Marshall Islands |             
|Tamar Shipping LLC        |  | Marshall Islands |             
|Tandjung Ayu
Shipping LLC |  | Marshall Islands |             
|Tevere Shipping LLC       |  | Marshall Islands |             
|Tiber Shipping
LLC        |  | Marshall Islands |             
|Trent Shipping LLC        |  | Marshall Islands |             
|Trinity Shipping
LLC      |  | Marshal Islands  |             
|UBC Chartering Ltd.       |  | Liberia         
|Volga Shipping LLC        |  | Marshal Islands 
|                         







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