Exhibit 8  Subsidiaries  Company
  
  Country
  of IncorporationAlexandra Navigation Inc.
  
  LiberiaAppleton Navigation S.A.
  
  LiberiaAuckland Marine Inc.
  
  LiberiaBaker International S.A.
  
  LiberiaBalticsea Marine Inc.
  
  LiberiaBayard Maritime Ltd.
  
  LiberiaBayview Shipping Inc.
  
  LiberiaBlacksea Marine Inc.
  
  LiberiaBounty Investment Inc.
  
  LiberiaBoxcarrier (No. 1)
  Corp.
  
  LiberiaBoxcarrier (No. 2)
  Corp.
  
  LiberiaBoxcarrier (No. 3)
  Corp.
  
  LiberiaBoxcarrier (No. 4)
  Corp.
  
  LiberiaBoxcarrier (No. 5)
  Corp.
  
  LiberiaBoxcarrier (No. 6)
  Corp.
  
  LiberiaBoxcarrier (No. 7)
  Corp.
  
  LiberiaBoxcarrier (No. 8)
  Corp.
  
  LiberiaCellcontainer (No. 1)
  Corp.
  
  LiberiaCellcontainer (No. 2)
  Corp.
  
  LiberiaCellcontainer (No. 3)
  Corp.
  
  LiberiaCellcontainer (No. 4)
  Corp.
  
  LiberiaCellcontainer (No. 5)
  Corp.
  
  LiberiaCellcontainer (No. 6)
  Corp.
  
  LiberiaCellcontainer (No. 7)
  Corp.
  
  LiberiaCellcontainer (No. 8)
  Corp.
  
  LiberiaChannelview Marine Inc.
  
  LiberiaCobaltium Shipping Inc.
  
  LiberiaCommodore Marine Inc.
  
  LiberiaConstantia Maritime Inc.
  
  LiberiaContainers Lines Inc.
  
  LiberiaContainers Services Inc.
  
  LiberiaContinent Marine Inc.
  
  LiberiaDeleas Shipping Limited
  
  CyprusDuke Marine Inc.
  
  LiberiaErato Navigation Inc.
  
  LiberiaExpresscarrier
  (No. 1) Corp.
  
  LiberiaExpresscarrier
  (No. 2) Corp.
  
  LiberiaExpresscarrier
  (No. 3) Corp.
  
  LiberiaExpresscarrier
  (No. 4) Corp.
  
  LiberiaExpresscarrier
  (No. 5) Corp.
  
  LiberiaFastcarrier (No. 1)
  Corp.
  
  LiberiaFastcarrier (No. 2)
  Corp.
  
  LiberiaFastcarrier (No. 3)
  Corp.
  
  LiberiaFastcarrier (No. 4)
  Corp.
  
  LiberiaFastcarrier (No. 5)
  Corp.
  
  LiberiaFastcarrier (No. 6)
  Corp.
  
  LiberiaFederal Marine Inc.
  
  LiberiaFerrous Shipping Inc.
  
  LiberiaGeoffrey Shipholding
  Limited
  
  LiberiaGlobalspirit Shipping
  Limited
  
  CyprusIndependence Navigation
  Inc.
  
  LiberiaKarlita Shipping Company
  Limited
  
  CyprusLacey Navigation Inc.
  
  LiberiaLito Navigation Inc.
  
  Liberia  1


Company
  
  Country
  of IncorporationLydia Inc.
  
  LiberiaMaria C Maritime Inc.
  
  LiberiaMedsea Marine Inc.
  
  LiberiaMedspirit Shipping Limited
  
  CyprusMegacarrier (No. 1)
  Corp.
  
  LiberiaMegacarrier (No. 2)
  Corp.
  
  LiberiaMegacarrier (No. 3)
  Corp.
  
  LiberiaMegacarrier (No. 4)
  Corp.
  
  LiberiaMegacarrier (No. 5)
  Corp.
  
  LiberiaMercator Shipping Inc.
  
  LiberiaOceanew Shipping Limited
  
  CyprusOceanprize Navigation
  Limited
  
  CyprusOrchid Navigation
  Corporation
  
  LiberiaOrtelius Maritime Inc.
  
  LiberiaPeninsula Maritime Inc.
  
  LiberiaRamona Marine Company
  Limited
  
  CyprusRoberto C Maritime Inc.
  
  LiberiaSapfo Navigation Inc.
  
  LiberiaSaratoga Trading S.A.
  
  LiberiaSeacaravel Shipping
  Limited
  
  CyprusSeacarriers Lines Inc.
  
  LiberiaSeacarriers Services Inc.
  
  LiberiaSeasenator Shipping
  Limited
  
  CyprusSederberg Maritime Inc.
  
  LiberiaSpeedcarrier (No. 1)
  Corp.
  
  LiberiaSpeedcarrier (No. 2)
  Corp.
  
  LiberiaSpeedcarrier (No. 3)
  Corp.
  
  LiberiaSpeedcarrier (No. 4)
  Corp.
  
  LiberiaSpeedcarrier (No. 5)
  Corp.
  
  LiberiaSpeedcarrier (No. 6)
  Corp.
  
  LiberiaSpeedcarrier (No. 7)
  Corp.
  
  LiberiaSpeedcarrier (No. 8)
  Corp.
  
  LiberiaStrondium Shipping Inc.
  
  LiberiaTeucarrier (No. 1)
  Corp.
  
  LiberiaTeucarrier (No. 2)
  Corp.
  
  LiberiaTeucarrier (No. 3)
  Corp.
  
  LiberiaTeucarrier (No. 4) Corp.
  
  LiberiaTeucarrier (No. 5)
  Corp.
  
  LiberiaTitanium Holdings Inc.
  
  LiberiaTully Enterprises S.A.
  
  LiberiaTyron Enterprises S.A.
  
  LiberiaVictory Shipholding Inc.
  
  LiberiaWellington Marine Inc.
  
  LiberiaWestwood Marine S.A.
  
  LiberiaWinterberg Maritime Inc.
  
  Liberia  2