Exhibit 8.1
SUBSIDIARIES OF EXCEL MARITIME CARRIERS LTD.
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WHOLLY-OWNED SUBSIDIARIES AS OF DECEMBER 31, 2006
Ship-owning Wholly-owned Subsidiaries:
Company Vessel
- ------- ------
Fianna Navigation S.A. Isminaki
Marias Trading Inc. Angela Star
Yasmine International Inc. Elinakos
Tanaka Services Ltd. Rodon
Amanda Enterprises Ltd. Happy Day
Whitelaw Enterprises Co. Birthday
Candy Enterprises Inc. Renuar
Fountain Services Ltd. Powerful
Teagan Shipholding S.A. First Endeavor
Harvey Development Corp. Fortezza
Ingram Limited Emerald
Snapper Marine Ltd. Marybelle
Barland Holding Inc. Attractive
Centel Shipping Co. Ltd. Lady
Pisces Shipholding Ltd. Goldmar
Castalia Services Ltd. Princess I
Liegh Jane Navigation S.A. Swift
Wholly-owned subsidiaries to acquire vessels:
Country of Date of
Company incorporation incorporation
- ------- ------------- -------------
Magalie Investments Corp. Liberia March 2005
Melba Management Ltd. Liberia April 2005
Minta Holdings S.A. Liberia April 2005
Odell International Ltd. Liberia April 2005
Naia Development Corp. Liberia April 2005
Wholly owned subsidiaries that owned vessels which were sold during
2005:
Company Vessel
- ------- ------
Tortola Shipping Company Limited Lucky Lady
Storler Shipping Company Limited Petalis
Becalm Shipping Company Limited Fighting Lady
Madlex Shipping Company Limited Almar I
Non Ship-owning Wholly-owned Subsidiaries:
Country of Date of
Company incorporation incorporation
- ------- ------------- -------------
Maryville Maritime Inc. Liberia August 1983
Point Holdings Ltd. Liberia February 1998
MAJORITY-OWNED SUBSIDIARY AS OF DECEMBER 31, 2006
Country of Date of
Company incorporation incorporation
- ------- ------------- -------------
Oceanaut Inc. Republic of the Marshall Islands May 2006