|   |  OCEANFREIGHT INC. |   |   |   |
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|   |   | MARSHALL ISLANDS SUBSIDIARIES                   |   |                                     |   |                     |   | LIBERIAN SUBSIDIARIES |   |                                   |
|--------|--------|-------------------------------------------------|--------|------------------------------------------|--------|--------------------------|--------|-----------------------|--------|----------------------------------------|
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|   |   |                                            |   |                                     |   |                     |   |                  |   |                                   |   |   |   |   |
|   |   | OCEANSHIP SHAREHOLDINGS LIMITED                 |   | OCEANSHIP OWNERS LIMITED                 |   | M/V TRENTON – SOLD |   | NEW BUILDING VLOC#1   |   | OCEANVIEW OWNERS  LIMITED    |   | OCEANVIEW SHAREHOLDERS  LIMITED |   |   |
|   |   |                                            |   |                                     |   |                     |
|   |   |                                            |   |                                     |   |                     |   |                  |   |                                   |   |   |   |
|   |   | OCEANWEALTH SHAREHOLDINGS LIMITED               |   | OCEANWEALTH OWNERS  LIMITED    |   | M/V PIERRE - SOLD        |   | NEW BUILDING VLOC#2   |   | OCEANSURF OWNERS LIMITED               |   | OCEANSURF SHAREHOLDERS LIMITED |   |   |
|   |   |                                            |   |                                     |   |                     |   |
|   |   |                                            |   |                                     |   |                     |   |                  |   |                                   |   |   |   |
|   |   | OCEANVENTURE SHAREHOLDINGS LIMITED              |   | OCEANVENTURE OWNERS  LIMITED   |   | M/V AUSTIN - SOLD        |   | NEW BUILDING VLOC#3   |   | OCEANCENTURY OWNERS  LIMITED |   | OCEANCENTURY SHAREHOLDERS  LIMITED |   |   |
|   |   |                                            |   |                                     |   |                     |   |
|   |   |                                            |   |                                     |   |                     |   |                  |   |                                   |   |   |   |
|   |   | OCEANRESOURCES SHAREHOLDINGS  LIMITED |   | OCEANRESOURCES OWNERS  LIMITED |   | M/V JUNEAU-SOLD          |   |                  |   |                                   |   |   |   |
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|   |   | OCEANSTRENGTH SHAREHOLDINGS LIMITED             |   | OCEANSTRENGTH OWNERS  LIMITED  |   | M/V LANSING-SOLD         |   |                  |   |                                   |   |   |   |
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|   |   | OCEANENERGY SHAREHOLDINGS LIMITED               |   | OCEANENERGY OWNERS  LIMITED    |   | M/V HELENA               |   |                  |   |                                   |   |   |   |
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|   |   | OCEANTRADE SHAREHOLDINGS LIMITED                |   | OCEANTRADE OWNERS  LIMITED     |   | M/V TOPEKA               |   |                  |   |                                   |   |   |   |
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|   |   | OCEANPRIME SHAREHOLDINGS LIMITED                |   | OCEANPRIME OWNERS  LIMITED     |   | M/V RICHMOND-SOLD        |   |                  |   |                                   |   |   |   |
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|   |   | OCEANCLARITY SHAREHOLDINGS LIMITED              |   | OCEANCLARITY OWNERS  LIMITED   |   | M/T PINK SANDS-SOLD      |   |                  |   |                                   |   |   |   |
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|   |   |                                            |   |                                     |   |                     |   |                  |   |                                   |   |   |   |
|   |   | OCEANFIGHTER SHAREHOLDERS  INC.       |   | OCEANFIGHTER OWNERS  INC.      |   | M/T OLINDA               |   |                  |   |                                   |   |   |   |
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|   |   | OCEAN FAITH SHAREHOLDERS  INC.        |   | OCEAN FAITH OWNERS  INC.       |   | M/T TIGANI - SOLD        |   |                  |   |                                   |   |   |   |
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|   |   | OCEAN BLUE SPIRIT SHAREHOLDERS  INC.  |   | OCEAN BLUE SPIRIT OWNERS  INC. |   | M/T TAMARA-SOLD          |   |                  |   |                                   |   |   |   |
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|   |   | KIFISSIA STAR SHAREHOLDERS  INC.      |   | KIFISSIA STAR OWNERS  INC.     |   | M/V AUGUSTA-SOLD         |   |                  |   |                                   |   |   |   |
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|   |   | OCEANPOWER SHAREHOLDERS  INC.         |   | OCEANPOWER OWNERS  INC.        |   | M/V MONTECRISTO          |   |                  |   |                                   |   |   |   |
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|   |   | OCEANWAVE SHAREHOLDERS  LIMITED       |   | OCEANWAVE OWNERS  LIMITED      |   | M/V PARTAGAS             |   |                  |   |                                   |   |   |   |
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|   |   | OCEANRUNNER SHAREHOLDERS  LIMITED     |   | OCEANRUNNER OWNERS  LIMITED    |   | M/V ROBUSTO              |   |                  |   |                                   |   |   |   |
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|   |   | OCEANFIRE SHAREHOLDERS  INC.          |   | OCEANFIRE OWNERS  INC.         |   | M/V COHIBA               |   |                  |   |                                   |   |   |   |
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|   |   | AMAZON SHAREHOLDERS  LIMITED          |   | AMAZON OWNING  COMPANY LIMITED |   | NEW BUILDING VLOC#4      |   |                  |   |                                   |   |   |   |
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|   |   | PASIFAI SHAREHOLDERS  LIMITED         |   | PASIFAI OWNING COMPANY LIMITED           |   | NEW BUILDING VLOC# 5     |   |                  |   |                                   |   |   |   |
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|   |   | OCEANVIEW SHAREHOLDERS LIMITED                  |   | OCEANVIEW OWNERS  LIMITED      |   |                     |   |                  |   |                                   |   |   |   |
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|   |   | OCEANSURF SHAREHOLDERS  LIMITED       |   | OCEANSURF OWNERS  LIMITED      |   |                     |   |                  |   |                                   |   |   |   |
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|   |   | OCEANCENTURY SHAREHOLDERS  LIMITED    |   | OCEANCENTURY OWNERS  LIIMITED  |   |                     |   |                  |   |                                   |   |   |   |
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|   |   | FREIGHTWISE INVESTMENTS  LTD          |   |                                     |   |                     |   |                  |   |                                   |   |   |   |
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