EXHIBIT 21.1 Registrant's Subsidiaries Jurisdiction of Organization - ------------------------- ---------------------------- Diana Trading Ltd. Republic of the Marshall Islands Alterwall Business Inc. Republic of Panama Allendale Investments S.A. Republic of Panama Alcinoe Shipping Limited Republic of Cyprus Searoute Maritime Limited Republic of Cyprus Oceanpride Shipping Limited Republic of Cyprus Oceanopera Shipping Limited Republic of Cyprus Salina Shipholding Corp. Republic of the Marshall Islands Cove Apparel, Inc. Delaware Xenia International Corporation Republic of the Marshall Islands Prospero Maritime Inc. Republic of the Marshall Islands SK 02558 0002 700380