| Subsidiaries |
| Avstes Shipping Corporation |
| Efragel Shipping Corporation |
| Eniadefhi Shipping Corporation |
| Eniaprohi Shipping Corporation |
| Eptaprohi Shipping Corporation |
| Gloverfive Shipping Corporation |
| Gloverfour Shipping Corporation |
| Gloverseven Shipping Corporation |
| Gloversix Shipping Corporation |
| Gloverthree Shipping Corporation |
| Glovertwo Shipping Corporation |
| Kerasies Shipping Corporation |
| Kyotofriendo One Shipping Corporation |
| Kyotofriendo Two Shipping Corporation |
| Marathassa Shipping Corporation |
| Marindou Shipping Corporation |
| Marinouki Shipping Corporation |
| Maxdeka Shipping Corporation |
| Maxdekatria Shipping Corporation |
| Maxdodeka Shipping Corporation |
| Maxeikosi Shipping Corporation |
| Maxeikosiena Shipping Corporation |
| Maxeikosiepta Shipping Corporation |
| Maxeikosiexi Shipping Corporation |
| Maxeikosipente Shipping Corporation |
| Maxeikositessera Shipping Corporation |
| Maxeikositria Shipping Corporation |
| Maxenteka Shipping Corporation |
| Maxpente Shipping Corporation |
| Maxtessera Shipping Corporation |
| Pelea Shipping Ltd. |
| Pemer Shipping Ltd. |
| Petra Shipping Ltd. |
| Shikoku Friendship Shipping Company |
| Shikokupente Shipping Inc |
| Shikokuepta Shipping Inc. |
| Shikokutessera Shipping Inc |
| Shikokuexi Shipping Inc |
| Shikouennia Shipping Corporation |
| Shikouokto Shipping Corporation |
| Soffive Shipping Corporation |
| Staloudi Shipping Corporation |
| Vassone Shipping Corporation |
| Vasstwo Shipping Corporation |
| Youngone Shipping Corporation |
| Youngtwo Shipping Corporation |
