EXHIBIT 21.1
ULTRAPETROL (BAHAMAS) LIMITED
Agencia Maritima Argenpar SA | Argentina |
Sernova S.A. | Argentina |
UABL S.A. | Argentina |
Ultrapetrol S.A. | Argentina |
Elysian Ship Management Ltd | Bahamas |
Imperial Maritime Ltd. | Bahamas |
Kingly Shipping Ltd. | Bahamas |
Majestic Maritime Ltd. | Bahamas |
Monarch Shipping Ltd. | Bahamas |
Noble Shipping Ltd. | Bahamas |
Ravenscroft Ship Management Ltd | Bahamas |
Ravenscroft Shipping (Bahamas) S.A. | Bahamas |
Ship Management and Commercial Services Ltd | Bahamas |
Sovereign Maritime Ltd. | Bahamas |
UABL Limited | Bahamas |
UABL Terminals Ltd. | Bahamas |
UP (River) Ltd. | Bahamas |
UP Offshore (Bahamas) Ltd. | Bahamas |
UP Offshore (Holdings) Ltd | Bahamas |
UP River (Holdings) Ltd. | Bahamas |
Agriex Agenciamentos, Afretamentos e Apoio Maritimo Ltda. | Brasil |
UP Offshore Apoio Maritimo Ltda. | Brasil |
Corporación de Navegación Mundial S.A. | Chile |
Maritima SIPSA S.A. | Chile |
Castlestreet Shipping LLC | Delaware |
Lowrie Shipping LLC | Delaware |
River Ventures LLC | Delaware |
Topazio Shipping LLC | Delaware |
Elysian Ship Management Inc. | Florida |
Ravenscroft Holdings Inc | Florida |
Ravenscroft Ship Management Inc. | Florida |
Ship Management Services Inc | Florida |
Dingle Barges Inc. | Liberia |
Eastham Barges Inc. | Liberia |
General Ventures Inc. | Liberia |
Arlene Investments Inc. | Panama |
Baldwin Maritime Inc. | Panama |
Bayham Investments S.A. | Panama |
Bayshore Shipping Inc | Panama |
Blue Monarch Shipping Inc. | Panama |
Blueroad Finance Inc. | Panama |
Braddock Shipping Inc. | Panama |
Brinkley Shipping Inc. | Panama |
Cavalier Shipping Inc. | Panama |
Danube Maritime Inc. | Panama |
Draco Investments S.A. | Panama |
Fulton Shipping Inc. | Panama |
Glasgow Shipping Inc | Panama |
Gracebay Shipping Inc | Panama |
Hallandale Commercial Corp | Panama |
Imperial Maritime Ltd. (Bahamas) Inc. | Panama |
Ingatestone Holdings Inc | Panama |
Kattegat Shipping Inc. | Panama |
Lebork Shipping Inc | Panama |
Lewistown Commercial Corp | Panama |
Longmoor Holdings Inc | Panama |
Lowrie Shipping Inc | Panama |
Marine Financial Investment Corp. | Panama |
Oceanview Maritime Inc. | Panama |
Packet Maritime Inc. | Panama |
Padow Shipping Inc. | Panama |
Palmdale Shipping Inc | Panama |
Palmdeal Shipping Inc | Panama |
Pampero Navigation Inc. | Panama |
Parkwood Commercial Corp. | Panama |
Pelorus Maritime Inc. | Panama |
Princely International Finance Corp. | Panama |
Regal International Investments S.A. | Panama |
Riverview Commercial Corp. | Panama |
Springwater Shipping Inc | Panama |
Stanmore Shipping Inc. | Panama |
Stanyan Shipping Inc | Panama |
Thurston Shipping Inc. | Panama |
Tipton Marine Inc. | Panama |
Tuebrook Holdings Inc | Panama |
UABL Barges (Panama) Inc. | Panama |
UABL S.A. | Panama |
UABL Terminals (Paraguay) S.A. | Panama |
UABL Towing Services S.A. | Panama |
Ultrapetrol International S.A. | Panama |
UP Offshore (Panama) S.A. | Panama |
UP River Terminals (Panama) S.A. | Panama |
UPB (Panama) Inc. | Panama |
Woodrow Shipping Inc | Panama |
Zubia Shipping Inc | Panama |
Zulia Shipping Inc. | Panama |
Compania Paraguaya de Transporte Fluvial S.A. | Paraguay |
Obras Terminales y Servicios S.A. | Paraguay |
Oceanpar S.A. | Paraguay |
Parabal S.A. | Paraguay |
Parfina S.A. | Paraguay |
Puerto del Sur S.A. | Paraguay |
Riverpar S.A. | Paraguay |
UABL Paraguay S.A. | Paraguay |
Yataity S.A. | Paraguay |
Yvy Pora Fertilizantes S.A. | Paraguay |
Cedarino, S.L. | Spain |
Dampierre Holdings Spain, S.L. | Spain |
Ravenscroft Ship Management Ltd | UK |
UP Offshore (UK) Ltd. | UK |
Corydon International S.A. | Uruguay |
Lonehort S.A. | Uruguay |
Mansan S.A. | Uruguay |
Massena Port S.A. | Uruguay |
Ravenscroft Ship Management S.A. | Uruguay |
UP Offshore Uruguay S.A. | Uruguay |