Exhibit
12.1 CERTIFICATION
OF CHIEF EXECUTIVE OFFICER
PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Arvid Tage, certify
that: 1.I have reviewed this annual report on Form 20-F of
Britannia Bulk Plc. (the company); 2.Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period covered
by this report; 3.Based on my knowledge, the financial statements, and
other financial information included in this report, fairly present in all
material respects the financial condition, results of operations and cash flows
of the registrant as of, and for, the periods presented in this report; 4.The companys other certifying officers and I are
responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control
over financial reporting (as defined in Exchange Act Rules 13a-15(f) and
15d-15(f)) for the company and have: a.Designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the company,
including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being
prepared; b.Designed such internal control over financial
reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting
principles; c.Evaluated the effectiveness of the companys
disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the
end of the period covered by this report based on such evaluation; and d.Disclosed in this report any change in the companys
internal control over financial reporting that occurred during the companys
most recent fiscal quarter (the companys fourth fiscal quarter in the case of
an annual report) that has materially affected, or is reasonably likely to
materially affect, the companys internal control over financial reporting; and 5.The companys other certifying officer and I have
disclosed, based on our most recent evaluation of internal control over
financial reporting, to the companys auditors and the audit committee of the companys
board of directors: a.All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the companys ability to record,
process, summarize, and report financial information; and b.Any fraud, whether or not material, that involves
management or other employees who have a significant role in the companys
internal control over financial reporting. Date:  March 26, 2008 /s/ Arvid TageArvid TageChief Executive
  Officer