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**EXHIBIT        21**

**LIST        OF SUBSIDIARIES**

| **Name                  of Subsidiary**                          |   | **Jurisdiction                  of Incorporation** |   | **%                  ownership** |
|------------------------------------------------------------------|--------|----------------------------------------------------|--------|----------------------------------|
|                                                             |   |                                               |   |                             |
| Barnes                  Bridge Shipping Limited                  |   | Bahamas                                            |   | 100%                             |
| Blackfriars                  Bridge Shipping Limited             |   | Cayman                  Islands                    |   | 100%                             |
| Bridge                  Chartering Marine Ltd                    |   | Liberia                                            |   | 100%                             |
| International                  Consulting and Management Limited |   | St.                  Vincent & the Grenadines  |   | 100%                             |
| Kew                  Bridge Shipping Limited                     |   | Bahamas                                            |   | 100%                             |
| London                  Bridge Shipping Limited                  |   | Cayman                  Islands                    |   | 100%                             |
| Marzia                  Shipping Limited                         |   | Bahamas                                            |   | 100%                             |
| MC                  Chantilly Limited                            |   | Bahamas                                            |   | 100%                             |
| MC                  Cormorant Shipping Limited                   |   | Bahamas                                            |   | 100%                             |
| MC                  Eid Shipping Limited                         |   | Bahamas                                            |   | 100%                             |
| MC                  Egret Shipping Limited                       |   | Bahamas                                            |   | 100%                             |
| MC                  Heron Shipping Limited                       |   | Bahamas                                            |   | 100%                             |
| MC                  Ibis Shipping Limited                        |   | Bahamas                                            |   | 100%                             |
| MC                  Pelerin Shipping Limited                     |   | Bahamas                                            |   | 100%                             |
| MC                  Shipping S.A.M.                              |   | Monaco                                             |   | 100%                             |
| MC                  Shipping Limited                             |   | Great                  Britain                     |   | 100%                             |
| MC                  Tercel Shipping Limited                      |   | Bahamas                                            |   | 100%                             |
| Sphinx                  Limited                                  |   | St.                  Vincent & the Grenadines  |   | 100%                             |

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