Exhibit 8

Subsidiaries

Company	Country of Incorporation
Alexandra Navigation Inc.	Liberia
Appleton Navigation S.A.	Liberia
Auckland Marine Inc.	Liberia
Baker International S.A.	Liberia
Balticsea Marine Inc.	Liberia
Bayard Maritime Ltd.	Liberia
Bayview Shipping Inc.	Liberia
Blacksea Marine Inc.	Liberia
Bounty Investment Inc.	Liberia
Boxcarrier (No. 1) Corp.	Liberia
Boxcarrier (No. 2) Corp.	Liberia
Boxcarrier (No. 3) Corp.	Liberia
Boxcarrier (No. 4) Corp.	Liberia
Boxcarrier (No. 5) Corp.	Liberia
Boxcarrier (No. 6) Corp.	Liberia
Boxcarrier (No. 7) Corp.	Liberia
Boxcarrier (No. 8) Corp.	Liberia
Cellcontainer (No. 1) Corp.	Liberia
Cellcontainer (No. 2) Corp.	Liberia
Cellcontainer (No. 3) Corp.	Liberia
Cellcontainer (No. 4) Corp.	Liberia
Cellcontainer (No. 5) Corp.	Liberia
Cellcontainer (No. 6) Corp.	Liberia
Cellcontainer (No. 7) Corp.	Liberia
Cellcontainer (No. 8) Corp.	Liberia
Channelview Marine Inc.	Liberia
Cobaltium Shipping (Private) Ltd.	Singapore
Cobaltium Shipping Inc.	Liberia
Commodore Marine Inc.	Liberia
Constantia Maritime Inc.	Liberia
Containers Lines Inc.	Liberia
Containers Services Inc.	Liberia
Continent Marine Inc.	Liberia

Company	Country of Incorporation
Deleas Shipping Limited	Cyprus
Duke Marine Inc.	Liberia
Erato Navigation Inc.	Liberia
Expresscarrier (No. 1) Corp.	Liberia
Expresscarrier (No. 2) Corp.	Liberia
Expresscarrier (No. 3) Corp.	Liberia
Expresscarrier (No. 4) Corp.	Liberia
Expresscarrier (No. 5) Corp.	Liberia
Fastcarrier (No. 1) Corp.	Liberia
Fastcarrier (No. 2) Corp.	Liberia
Fastcarrier (No. 3) Corp.	Liberia
Fastcarrier (No. 4) Corp.	Liberia
Fastcarrier (No. 5) Corp.	Liberia
Fastcarrier (No. 6) Corp.	Liberia
Federal Marine Inc.	Liberia
Ferrous Shipping (Private) Ltd.	Singapore
Ferrous Shipping Inc.	Liberia
Geoffrey Shipholding Limited	Liberia
Globalspirit Shipping Limited	Cyprus
Helderberg Maritime Inc.	Liberia
Independence Navigation Inc.	Liberia
Karlita Shipping Company Limited	Cyprus
Lacey Navigation Inc.	Liberia
Lato Shipping (Private) Ltd.	Singapore
Lissos Shipping (Private) Ltd.	Singapore
Lito Navigation Inc.	Liberia
Lydia Inc.	Liberia
Maria C Maritime Inc.	Liberia
Medsea Marine Inc.	Liberia
Medspirit Shipping Limited	Cyprus
Megacarrier (No. 1) Corp.	Liberia
Megacarrier (No. 2) Corp.	Liberia
Megacarrier (No. 3) Corp.	Liberia
Megacarrier (No. 4) Corp.	Liberia
Megacarrier (No. 5) Corp.	Liberia

Company	Country of Incorporation
Mercator Shipping Inc.	Liberia
Oceanew Shipping Limited	Cyprus
Oceanprize Navigation Limited	Cyprus
Orchid Navigation Corporation	Liberia
Ortelius Maritime Inc.	Liberia
Peninsula Maritime Inc.	Liberia
Ramona Marine Company Limited	Cyprus
Roberto C Maritime Inc.	Liberia
Sapfo Navigation Inc.	Liberia
Saratoga Trading S.A.	Liberia
Seacaravel Shipping Limited	Cyprus
Seacarriers Lines Inc.	Liberia
Seacarriers Services Inc.	Liberia
Seasenator Shipping Limited	Cyprus
Sederberg Maritime Inc.	Liberia
Speedcarrier (No. 1) Corp.	Liberia
Speedcarrier (No. 2) Corp.	Liberia
Speedcarrier (No. 3) Corp.	Liberia
Speedcarrier (No. 4) Corp.	Liberia
Speedcarrier (No. 5) Corp.	Liberia
Speedcarrier (No. 6) Corp.	Liberia
Speedcarrier (No. 7) Corp.	Liberia
Speedcarrier (No. 8) Corp.	Liberia
Strondium Shipping Inc.	Liberia
Teucarrier (No. 1) Corp.	Liberia
Teucarrier (No. 2) Corp.	Liberia
Teucarrier (No. 3) Corp.	Liberia
Teucarrier (No. 4) Corp.	Liberia
Teucarrier (No. 5) Corp.	Liberia
Titanium Holdings Inc.	Liberia
Tully Enterprises S.A.	Liberia
Tyron Enterprises S.A.	Liberia
Victory Shipholding Inc.	Liberia
Wellington Marine Inc.	Liberia
Westwood Marine S.A.	Liberia
Winterberg Maritime Inc.	Liberia