Exhibit 21.1
LISTOF SUBSIDIARIES
Quintana Management LLC
Quintana Logistics LLC
Fearless Shipco LLC
King Coal Shipco LLC
Coal Glory Shipco LLC
Coal Age Shipco LLC
Iron Man Shipco LLC
Barbara Shipco LLC
Coal Pride Shipco LLC
Linda Leah Shipco LLC
Iron Beauty Shipco LLC
Kirmar Shipco LLC
Iron Vassilis Shipco LLC
Iron Fuzeyya Shipco LLC
Iron Bradyn Shipco LLC
Grain Harvester Shipco LLC
Santa Barbara Shipco LLC
Iron Bill Shipco LLC
Ore Hansa Shipco LLC
Iron Anne Shipco LLC
Iron Kalypso Shipco LLC
Grain Express Shipco LLC
Iron Knight Shipco LLC
Coal Gypsy Shipco LLC
Pascha Shipco LLC
Coal Hunter Shipco LLC
Iron Lindrew Shipco LLC
Iron Brooke Shipco LLC
Iron Manolis Shipco LLC
Iron Miner Shipco LLC
Lowlands Beilun Shipco LLC
Iron Endurance Shipco LLC
Christine Shipco LLC*
Hope Shipco LLC**
Lillie Shipco LLC**
Fritz Shipco LLC**
Benthe Shipco LLC**
Gayle Frances Shipco LLC**
Iron Lena Shipco LLC**
* | 42.8% owned by the Company |
** | 50% owned by the Company |