##### 



Exhibit 12.1
 TRICO MARINE SERVICES, INC.
Computation of Ratios of Earnings to Fixed Charges  (Dollars in thousands, except ratios)
 Predecessor Company
    
    
    
    Successor CompanyPeriod from
    
    
    
    Period fromJanuary 1, 2005
    
    
    
    March 15, 2005through
    
    
    
    through2002(1)
    
    
    2003(2)
    
    
    2004(3)
    
    
    March 14, 2005(4)
    
    
    
    December 31, 2005(4)
    
    
    2006(5)Net income (loss)
    
    $
    (67,978
    )
    
    $
    (164,398
    )
    
    $
    (95,952
    )
    
    $
    (61,361
    )
    
    
    $
    20,100
    
    
    $
    58,724Amortization of capitalized interest
    
    
    242
    
    
    
    262
    
    
    
    202
    
    
    
    
    
    
    
    
    
    
    
    
    Income tax expense (benefit)
    
    
    14,550
    
    
    
    (2,888
    )
    
    
    (3,068
    )
    
    
    1,047
    
    
    
    
    11,264
    
    
    
    33,723Noncontrolling interest in loss of consolidated subsidiary
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (1,985
    )Income (loss) from operations before income taxes
    
    $
    (53,186
    )
    
    $
    (167,024
    )
    
    $
    (98,818
    )
    
    $
    (60,314
    )
    
    
    $
    31,364
    
    
    $
    90,462Fixed ChargesInterest on long-term debt expensed
    
    $
    28,432
    
    
    $
    30,159
    
    
    $
    33,405
    
    
    $
    1,940
    
    
    
    $
    6,430
    
    
    
    1,286Interest on long-term debt capitalized
    
    
    737
    
    
    
    236
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    320Amortization of deferred financing costs
    
    
    1,127
    
    
    
    977
    
    
    
    7,813
    
    
    
    50
    
    
    
    
    285
    
    
    
    168Estimated portion of rental expense attributable to interest
    
    
    125
    
    
    
    450
    
    
    
    526
    
    
    
    101
    
    
    
    
    386
    
    
    
    580Total Fixed Charges
    
    $
    30,421
    
    
    $
    31,822
    
    
    $
    41,744
    
    
    $
    2,091
    
    
    
    $
    7,101
    
    
    $
    2,354Less:Interest on
long-term debt capitalized
    
    
    737
    
    
    
    236
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    320Earnings
available for fixed charges
    
    $
    (23,502
    )
    
    $
    (135,438
    )
    
    $
    (57,074
    )
    
    $
    (58,223
    )
    
    
    $
    38,465
    
    
    $
    92,496Ratio of earnings to fixed charges
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5.4 x
    
    
    
    39.3 x
 
 (1)
    
    Earnings were insufficient to cover fixed charges, and fixed charges exceeded earnings by approximately $53.9 million(2)
    
    Earnings were insufficient to cover fixed charges, and fixed charges exceeded earnings by approximately $167.3 million(3)
    
    Earnings were insufficient to cover fixed charges, and fixed charges exceeded earnings by approximately $98.8 million(4)
    
    Earnings were insufficient to cover fixed charges, and fixed
charges exceeded earnings by approximately $60.3 million E-3