| Name of Subsidiary                    | Jurisdiction of Incorporation |
|---------------------------------------|-------------------------------|
| Aegean Marine Petroleum S.A.          | Liberia                       |
| Aegean Bunkering Services Inc         | Marshall Islands              |
| Aegean Investments S.A.               | Marshall Islands              |
| Aegean Oil (USA) LLC                  | United States                 |
| Aegean Holdings S.A.                  | Marshall Islands              |
| Aegean Shipholdings Inc.              | Marshall Islands              |
| Aegean Marine Petroleum LLC           | United Arab Emirates          |
| Aegean Bunkering (Gibraltar) Limited  | Gibraltar                     |
| Aegean Bunkering (Jamaica) Limited    | Jamaica                       |
| Aegean Petrol Ticaret Anonim Sirketi  | Turkey                        |
| Aegean VII Shipping Ltd               | Malta                         |
| Aegean X Maritime Inc                 | Marshall Islands              |
| Baldwin Management Co.                | Marshall Islands              |
| Carmel Investments Corp.              | Marshall Islands              |
| Clyde I Shipping Corp.                | Marshall Islands              |
| Evian Enterprises Co.                 | Marshall Islands              |
| Pontos Navigation Inc.                | Marshall Islands              |
| Sea Breezer Marine S.A.               | Marshall Islands              |
| Tiffany Marine S.A.                   | Marshall Islands              |
| Venus Holding Company                 | Marshall Islands              |
| Amorgos Maritime Inc.                 | Marshall Islands              |
| Kimolos Maritime Inc.                 | Marshall Islands              |
| Kithnos Maritime Inc.                 | Marshall Islands              |
| Milos I Maritime Inc.                 | Marshall Islands              |
| Mykonos I Maritime Inc.               | Marshall Islands              |
| Naxos Maritime Inc.                   | Marshall Islands              |
| Paros Maritime Inc.                   | Marshall Islands              |
| Santorini I Maritime Inc.             | Marshall Islands              |
| Serifos Maritime Inc.                 | Marshall Islands              |
| Syros I Maritime Inc.                 | Marshall Islands              |
| Ocean Dynamic Corp.                   | Marshall Islands              |
| Sea Global S.A.                       | Marshall Islands              |
| Aegean Bunkering (Singapore) Pte. Ltd | Singapore                     |
| Baltic Navigation Company             | Marshall Islands              |
| Carnaby Navigation Inc.               | Liberia                       |
| Mare Vision S.A.                      | Marshall Islands              |
| Benmore Services S.A.                 | Liberia                       |
| Tasman Seaways Inc.                   | Liberia                       |
| Santon Limited                        | Liberia                       |
| Ingram Enterprises Co.                | Liberia                       |
| Eton Marine Ltd                       | Liberia                       |
| Aegean Breeze Shipping Pte. Ltd.      | Singapore                     |
| Aegean Tanking S.A.                   | Liberia                       |

----

| Name of Subsidiary                     | Jurisdiction of Incorporation |
|----------------------------------------|-------------------------------|
| Ouranos Tanking S.A.                   | Liberia                       |
| Aegean Tiffany Shipping Pte. Ltd.      | Singapore                     |
| Milos Shipping (Pte.) Ltd.             | Singapore                     |
| Serifos Shipping (Pte.) Ltd.           | Singapore                     |
| Tinos Marine Inc.                      | Liberia                       |
| Sifnos Marine Inc.                     | Liberia                       |
| Andros Marine Inc.                     | Liberia                       |
| Dilos Marine Inc.                      | Liberia                       |
| Ios Marine Inc.                        | Liberia                       |
| Aegean (Fujairah) Bunkering S.A.       | Marshall Islands              |
| Cephallonia Marine S.A.                | Liberia                       |
| Ithaki Marine S.A.                     | Liberia                       |
| Kerkyra Marine S.A.                    | Liberia                       |
| Kythira Marine S.A.                    | Liberia                       |
| Lefkas Marine S.A.                     | Liberia                       |
| Paxoi Marine S.A.                      | Liberia                       |
| Zakynthos Marine S.A.                  | Liberia                       |
| AMPN USA LLC                           | United States                 |
| Aegean Bunkering (Panama) S.A.         | Panama                        |
| Aegean Bunkering (Ghana) Limited       | Ghana                         |
| Vera Navigation S.A.                   | Liberia                       |
| Aegean Bunkers at Sea N.V.             | Belgium                       |
| Portland Bunkers International Limited | United Kingdom                |
| Ostria Roro Shipholdings Ltd.          | Malta                         |
| Maistros Roro Shipholdings Ltd.        | Malta                         |
| Aegean Bunkering (Malta) Limited       | Malta                         |
| Kimolos Shipping (Pte.) Ltd.           | Singapore                     |
| Aegean Management Services M.C.        | Greece                        |
| Aegean Seven Maritime Inc.             | Liberia                       |
| Aegean Shipping Services Pte. Ltd.     | Singapore                     |
| Kassos Navigation S.A.                 | Liberia                       |
| Tilos Navigation S.A.                  | Liberia                       |
| Halki Navigation S.A.                  | Liberia                       |
| Symi Navigation S.A.                   | Liberia                       |
| Aegean Petroleum International Inc.    | Marshall Islands              |
| Nevado Navigation S.A.                 | Liberia                       |
| Aegean Ship III Maritime Company       | Greece                        |
| Aegean Ship VIII Maritime Company      | Greece                        |
| Aegean Ship XII Maritime Company       | Greece                        |
| Aegean Maistros Company                | Greece                        |
| Aegean Ostria Maritime Company         | Greece                        |
| ICS Petroleum (Montreal) Ltd.          | Canada                        |
| ICS Petroleum Ltd.                     | Canada                        |
| West Coast Fuel Transport Ltd.         | Canada                        |

----

| Name of Subsidiary                            | Jurisdiction of Incorporation   |
|-----------------------------------------------|---------------------------------|
| Aegean Rose Maritime Company                  | Greece                          |
| Paros Shipping (Pte.) Ltd.                    | Singapore                       |
| AMP Maritime S.A.                             | Liberia                         |
| Aegean Daisy Maritime Company                 | Greece                          |
| Naxos Shipping (Pte.) Ltd.                    | Singapore                       |
| Aegean Agency (Gibraltar) Limited             | Gibraltar                       |
| Aegean Bunkering (Trinidad) Ltd.              | Republic of Trinidad and Tobago |
| Aegean Caribbean Holdings Inc.                | Saint Lucia                     |
| Aegean Breeze Maritime Company                | Greece                          |
| Aegean Tiffany Maritime Company               | Greece                          |
| Aegean Ace Maritime Company                   | Greece                          |
| Silver Sea Shipping S.A.                      | Liberia                         |
| ICS Bunkering Services Ltd.                   | Canada                          |
| Ampni Investments Co. Limited                 | Cyprus                          |
| Ampni Holdings Co. Limited                    | Cyprus                          |
| PT22 Shipping Co. Ltd.                        | Canada                          |
| Ithaki Shipping (Pte.) Ltd.                   | Singapore                       |
| Lefkas Shipping (Pte.) Ltd.                   | Singapore                       |
| Victory Sea Shipping S.A.                     | Liberia                         |
| Aegean Gas Maritime Company                   | Greece                          |
| Caribbean Renewable Energy Sources Inc        | Virgin Islands                  |
| Aegean Bunkering Combustibles Las Palmas S.A. | Canary Islands                  |
| Verbeke Bunkering N.V.                        | Belgium                         |
| Jadaco BV                                     | Netherlands                     |
| Maritime Dedicated Control N.V.               | Belgium                         |
| Blatoma N.V.                                  | Belgium                         |
| Sea Tra BVBA                                  | Belgium                         |
| Aegean Barges N.V.                            | Belgium                         |
| Aegean Bunkering Morocco Sarl AU              | Morocco                         |
| Aegean Oil Terminal Corporation               | Marshall Islands                |
| Aegean Bunkering (C Verde) LDA           | Cape Verde                      |
| Anafi Shipping (PTE.) Ltd.                    | Singapore                       |
| Tilos Shipping (PTE.) Ltd.                    | Singapore                       |
| Aegean Oil Terminals (Panama) S.A.            | Panama                          |
| Sealand Navigation Inc.                       | Marshall Islands                |
| Aegean Bunkering (Hong Kong) Limited          | Hong Kong                       |
| Oil Terminal Consultancy Limited              | Marshall Islands                |
| Aegean Tankfarms Holdings S.A.                | Marshall Islands                |
| Aegean Oil Services (Egypt) S.A.E.            | Egypt                           |