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.
  
  Liberia


Expresscarrier
  (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
  
  CyprusHelderberg Maritime
  Inc.
  
  LiberiaIndependence Navigation
  Inc.
  
  LiberiaKarlita Shipping
  Company Limited
  
  CyprusLacey Navigation Inc.
  
  LiberiaLito Navigation Inc.
  
  LiberiaLydia 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.
  
  Liberia


Seasenator 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