EX-8.1 2 c64518_ex8-1.htm

EXHIBIT 8.1

SUBSIDIARIES OF SAFE BULKERS, INC.

          The following companies are subsidiaries of Safe Bulkers, Inc. as of February 20, 2011.

Subsidiary		Jurisdiction of Incorporation
Avstes Shipping Corporation		Liberia
Efragel Shipping Corporation		Liberia
Eniadefhi Shipping Corporation		Liberia
Eniaprohi Shipping Corporation		Liberia
Eptaprohi Shipping Corporation		Liberia
Kerasies Shipping Corporation		Liberia
Marathassa Shipping Corporation		Liberia
Marindou Shipping Corporation		Liberia
Marinouki Shipping Corporation		Liberia
Maxdeka Shipping Corporation		Liberia
Maxdekatria Shipping Corporation		Liberia
Maxdodeka Shipping Corporation		Liberia
Maxeikosi Shipping Corporation		Liberia
Maxeikosiena Shipping Corporation		Liberia
Maxeikositria Shipping Corporation		Liberia
Maxeikositessera Shipping Corporation		Liberia
Maxeikosipente Shipping Corporation		Liberia
Maxeikosiexi Shipping Corporation		Liberia
Maxeikosiepta Shipping Corporation		Liberia
Maxenteka Shipping Corporation		Liberia
Maxpente Shipping Corporation		Liberia
Maxtessera Shipping Corporation		Marshall Islands
Pelea Shipping Ltd.		Liberia
Pemer Shipping Ltd.		Liberia
Petra Shipping Ltd.		Liberia
Shikoku Friendship Shipping Company		Liberia
Soffive Shipping Corporation		Liberia
Staloudi Shipping Corporation		Liberia