**TBS        INTERNATIONAL LIMITED **
**EXHIBIT        21.1**

**Subsidiaries        of the Registrant**

|                                                                |                                              |                                                   |                              | **Jurisdiction                  of**  |
|---------------------------------------------------------------------|---------------------------------------------------|--------------------------------------------------------|-----------------------------------|---------------------------------------|
|                                                                |                                              |                                                   |                              | **Incorporation                  or** |
| **Subsidiary**                                                      |                                              | **Organization**                                       |
| Westbrook                  Holdings, Ltd.                           |                                              | Marshall                  Islands                      |
|                                                                | Albemarle                  Maritime Corp.         |                                                   | Marshall                  Islands |
|                                                                | Arden                  Maritime Corp.             |                                                   | Marshall                  Islands |
|                                                                | Argyle                  Maritime Corp.            |                                                   | Marshall                  Islands |
|                                                                | Asia-America                  Ocean Carriers Ltd. |                                                   | Marshall                  Islands |
|                                                                | Avon                  Maritime Corp.              |                                                   | Marshall                  Islands |
|                                                                | Bedford                  Maritime Corp.           |                                                   | Marshall                  Islands |
|                                                                | Beekman                  Shipping Corp.           |                                                   | Marshall                  Islands |
|                                                                | Birnam                  Maritime Corp.            |                                                   | Marshall                  Islands |
|                                                                | Brighton                  Maritime Corp.          |                                                   | Marshall                  Islands |
|                                                                | Bristol                  Maritime Corp.           |                                                   | Marshall                  Islands |
|                                                                | Chester                  Shipping Corp.           |                                                   | Marshall                  Islands |
|                                                                | Columbus                  Maritime Corp.          |                                                   | Marshall                  Islands |
|                                                                | Cortland                  Navigation Corp.        |                                                   | Marshall                  Islands |
|                                                                | Darby                  Navigation Corp.           |                                                   | Marshall                  Islands |
|                                                                | Dorchester                  Maritime Corp.        |                                                   | Marshall                  Islands |
|                                                                | Dover                  Maritime Corp.             |                                                   | Marshall                  Islands |
|                                                                | Elrod                  Shipping Corp.             |                                                   | Marshall                  Islands |
|                                                                | Exeter                  Shipping Corp.            |                                                   | Marshall                  Islands |
|                                                                | Fairfax                  Shipping Corp.           |                                                   | Marshall                  Islands |
|                                                                | Frankfort                  Maritime Corp.         |                                                   | Marshall                  Islands |
|                                                                | Glenwood                  Maritime Corp.          |                                                   | Marshall                  Islands |
|                                                                | Hancock                  Navigation Corp.         |                                                   | Marshall                  Islands |
|                                                                | Hansen                  Shipping Corp.            |                                                   | Marshall                  Islands |
|                                                                | Hari                  Maritime Corp.              |                                                   | Marshall                  Islands |
|                                                                | Henley                  Maritime Corp.            |                                                   | Marshall                  Islands |
|                                                                | Hudson                  Maritime Corp.            |                                                   | Marshall                  Islands |
|                                                                | Kensington                  Shipping Corp.        |                                                   | Marshall                  Islands |
|                                                                | Leaf                  Shipping Corp.              |                                                   | Marshall                  Islands |
|                                                                | Longwoods                  Maritime Corp.         |                                                   | Marshall                  Islands |
|                                                                | McHenry                  Maritime Corp.           |                                                   | Marshall                  Islands |
|                                                                | Newkirk                  Navigation Corp.         |                                                   | Marshall                  Islands |
|                                                                | Oldcastle                  Shipping Corp.         |                                                   | Marshall                  Islands |
|                                                                | Pacific                  Rim Shipping Corp.       |                                                   | Marshall                  Islands |
|                                                                | Prospect                  Navigation Corp.        |                                                   | Marshall                  Islands |
|                                                                | Rector                  Shipping Corp.            |                                                   | Marshall                  Islands |
|                                                                | Remsen                  Navigation Corp.          |                                                   | Marshall                  Islands |
|                                                                | Sheffield                  Maritime Corp.         |                                                   | Marshall                  Islands |
|                                                                | Sherman                  Maritime Corp.           |                                                   | Marshall                  Islands |
|                                                                | Sterling                  Shipping Corp.          |                                                   | Marshall                  Islands |
|                                                                | Stratford                  Shipping Corp.         |                                                   | Marshall                  Islands |
|                                                                | Vernon                  Maritime Corp.            |                                                   | Marshall                  Islands |
|                                                                | Whitehall                  Marine Transport Corp. |                                                   | Marshall                  Islands |
|                                                                | Windsor                  Maritime Corp.           |                                                   | Marshall                  Islands |
| Transworld                  Cargo Carriers, S.A. (Marshall Islands) |                                              | Marshall                  Islands                      |
| TBS                  Worldwide Services Inc. (Marshall Islands)     |                                              | Marshall                  Islands                      |
|                                                                | TBS                  African Ventures Limited     |                                                   | Marshall                  Islands |
|                                                                |                                              | GMTBS                  Africa Line Limited             |                              | Hong                  Kong            |
|                                                                | TBS                  Eurolines, Ltd.              |                                                   | Marshall                  Islands |
|                                                                | TBS                  Latin America Liner, Ltd.    |                                                   | Marshall                  Islands |
|                                                                | TBS                  Middle East Carriers, Ltd.   |                                                   | Marshall                  Islands |
|                                                                | TBS                  North America Liner, Ltd.    |                                                   | Marshall                  Islands |
|                                                                | TBS                  Ocean Carriers, Ltd.         |                                                   | Marshall                  Islands |
|                                                                | TBS                  Pacific Liner, Ltd.          |                                                   | Marshall                  Islands |
|                                                                | TBS                  Logistics Ltd.               |                                                   | Marshall                  Islands |
|  Roymar                Ship Management Inc.                    | New                  York                         |
|  TBS                Shipping Services Inc.                     |                                              | New                  York                              |
|                                                                | Compass                  Chartering Corp.         |                                                   | New                  York         |
|                                                                |                                              | Azalea                  Shipping & Chartering Inc. |                              | New                  York             |
|                                                                | TBS                  US Enterprises LLC           |                                                   | New                  York         |
|                                                                | TBS                  Energy Logistics LP          |                                                   | New                  York         |