Exhibit 21.1
GoodBulk Ltd.
Bermuda
| Subsidiary | Jursidiction of Incorporation | |
| Angel Carrier Co. Ltd. m/v Aquacarrier | Liberia | |
| Aquabeauty Shipping Co. Ltd. m/v Aquabeauty | Liberia | |
| Aquacharm Shipping Co. Ltd. m/v Aquacharm | Liberia | |
| Aquahope Shipping Co. Ltd. m/v Aquahope | Liberia | |
| Aquajoy Shipping Co. Ltd. m/v Aquajoy | Liberia | |
| Aquakatana Shipping Co. Ltd. m/v Aquakatana | Liberia | |
| Aquaknight Shipping Co. Ltd. m/v Aquaknight | Liberia | |
| Aquakula Shipping Co. ltd. m/v Aquakula | Liberia | |
| Aquamarine Carrier Co. Ltd. m/v Aquamarine | Liberia | |
| Aquapride Shipping Co. Ltd. m/v Aquapride | Liberia | |
| Aquavictory Shipping Co. Ltd. m/v Aquavictory | Liberia | |
| Atlantic Bridge Shipping Co. Ltd m/v Aquabridge | Liberia | |
| Belle Taine Shipping Co. Ltd. m/v Aquataine | Liberia | |
| Dream Carrier Co. Ltd. | Liberia | |
| Endurance Carrier Co. Ltd. | Liberia | |
| Explorer Carrier Co. Ltd. | Liberia | |
| Iron Range Shipping Co. Ltd. m/v Aquarange | Liberia | |
| Itasca Shipping Co. Ltd. m/v Aquamarie | Liberia | |
| Maka Franz Shipping Co. Ltd. m/v Aquamaka | Liberia | |
| Minnehaha Shipping Co. Ltd. m/v Aquahaha | Liberia | |
| Minnetonka Shipping Co. Ltd. m/v Aquatonka | Liberia | |
| Nautical Dream Shipping Co. Ltd. m/v Nautical Dream | Liberia | |
| Navigator Carrier Co. Ltd. | Liberia | |
| Pretty Carrier Co. Ltd. m/v Aquaenna | Liberia | |
| Proud Shipping Co. Ltd. m/v Aquaproud | Liberia | |
| Scope Carrier Co. Ltd. m/v Aquascope | Liberia | |
| Silver Surfer Shipping Co. Ltd. m/v Aquasurfer | Liberia | |
| Singapore Shipping Co. Ltd. m/v Aquadonna | Liberia | |
| Voyageurs Shipping Co. Ltd. m/v Aquavoyageurs | Liberia | |
| Windsor Carrier Co. Ltd. | Liberia |