NAME

PERCENTAGE

OF VOTING

SECURITIES

OWNED

1.         Gulf Fleet Abu Dhabi

2.         Tidewater Marine Alaska, Inc.

3.         Pacific Tidewater Pty. Ltd.

4.         Tidewater Marine Australia Pty Ltd.

5.         Tidewater Marine West Indies Limited

6.         Tidewater Investment SRL

7.         Pental Insurance Co. Ltd.

8.         Mare Alta do Brasil Navegacao Ltda.

9.         Navegadores Servicos de Apoio Maritimo Ltda.

10.       OSA do Brasil Representações Ltda.

11.       Pan Marine do Brasil Ltda.

12.       Mashhor Marine Sdn. Bhd.

13.       Aqua Fleet Limited

14.       Arabia Shipping Limited

15.       Blue Fleet Limited

16.       Crimson Fleet Limited

17.       Gold Fleet Limited

18.       Green Fleet Limited

19.       Grey Fleet Limited

20.       Gulf Fleet Middle East Limited

21.       Indigo Fleet Limited

22.       International Maritime Services, Inc.

23.       Jackson Marine Limited

24.       LNG Marine Towing Cayman Limited

25.       Maroon Fleet Limited

26.       Middle East Ships Limited

27.       Orange Fleet Limited

28.       Pan Marine International, Inc.

29.       Platinum Fleet Limited

30.       Purple Fleet Limited

31.       Silver Fleet Limited

32.       Sonatide Marine Services, Ltd.

33.       Sonatide Marine, Ltd.

34.       Tidewater Assets Limited

35.       Tidewater Boats Limited

36.       Tidewater Crewing Limited

37.       Tidewater Hulls Limited

38.       Tidewater Marine International, Inc.

39.       Tidewater Marine U.K. Limited

40.       Tidewater Maritime Limited

41.       Tidewater Properties Limited

42.       Tidewater Ships Limited

43.       Tidewater Subsea Crewing Limited

44.       Tidewater Subsea International Limited

45.       Tidewater Vessels Limited

46.       Vermilion Fleet Limited

47.       Violet Fleet Limited

48.       VTG Ships Limited

49.       Yellow Fleet Limited

50.       Zapata Gulf Marine International Limited

51.       Compania Marítima de Magallanes Limitada

52.       Tidewater Marine Technical Services (Shenzhen) Co., Ltd.

53.       LNG Marine Towing N.V.

54.       DTDW Holdings Limited

55.       Tidewater Cyprus Limited

NAME

PERCENTAGE

OF VOTING

SECURITIES

OWNED

56.       Vesselogistics Limited

57.       Cajun Acquisitions, LLC

58.       Tidewater Corporate Services, L.L.C.

59.       Tidewater Mexico Holding, L.L.C

60.       Tidewater Venture, Inc.

61.       Al Wasl Marine LLC

62.       Tidewater Marine North Sea Limited

63.       Tidewater Support Services Limited

64.       Tidewater (India) Private Limited

65.       PT Tidewater Operators Indonesia

66.       Tidewater Marine Kazakhstan, L.L.P.

67.       Offshore Marine Inc.

68.       Offshore Labuan Leasing Inc.

69.       VTG Supply Boat Liberia Inc.

70.       Gulf Fleet Supply Vessels, L.L.C.

71.       Java Boat Corporation

72.       Point Marine, L.L.C.

73.       Quality Shipyards, L.L.C.

74.       S.O.P., Inc.

75.       Tide States, L.L.C.

76.       Tide States Vessels, L.L.C.

77.       Tidewater Marine Sakhalin, L.L.C.

78.       Tidewater Marine, L.L.C.

79.       Tidewater Subsea, L.L.C.

80.       Tidewater Subsea ROV, L.L.C.

81.       Twenty Grand (Brazil), L.L.C.

82.       Twenty Grand Marine Service, L.L.C.

83.       Zapata Gulf Marine L.L.C.

84.       Tidewater Marine Service (M) Sdn. Bhd.

85.       Tidewater Offshore Sdn Bhd

86.       Arrendadora de Naves del Golfo, S.A. de C.V., SOFOM, ENR

87.       Logistica Mexicana del Caribe, S. de R.L. de C.V.

88.       Naviera Tidex, S. de R.L. de C.V.

89.       Servicios Costa Afuera de Mexico, S. de R.L. de C.V.

90.       Tidewater de Mexico, S. de R.L. de C.V.

91.       DTDW Marine Services B.V.

92.       Java Boat Corporation B.V.

93.       JB Holding Company B.V.

94.       LNG Marine Towing International Cooperatief U.A.

95.       Tidewater Dutch Holdings Cooperatief U.A.

96.       Tidewater Investment Cooperatief U.A.

97.       Gulf Fleet N.V.

98.       Hilliard Oil & Gas, Inc.

99.       O.I.L. (Nigeria) Limited

100.     Tideflo Marine Services Limited

101.     Tidex Nigeria Limited

102.     Zapata Marine Service (Nigeria) Limited

103.     Troms Offshore Fleet 1 AS

104.     Troms Offshore Fleet 2 AS

105.     Troms Offshore Fleet 3 AS

106.     Troms Offshore Fleet Holding AS

107.     Troms Offshore Management AS

108.     Troms Offshore Marine AS

109.     Troms Offshore Services AS

110.     Troms Offshore Supply AS

NAME

PERCENTAGE

OF VOTING

SECURITIES

OWNED

111.     Global Panama Marine Service, Inc.

112.     Niugini Offshore Services Joint Venture

113.     Sakhalin Holding, L.L.C.

114.     Sakhalin Offshore Marine, L.L.C.

115.     Tidewater Al Rushaid Co. Ltd.

116.     SEA Maritime Services Pte. Ltd.

117.     Southern Ocean Services Pte. Ltd.

118.     Tidewater Global Chartering Services Pte. Ltd.

119.     Tidewater Marine Charter Services Pte. Ltd.

120.     Tidewater Marine International Pte. Ltd.

121.     Tidewater Marine Western, Inc.

122.     Divetide Limited

123.     Antilles Marine Service Limited

124.     Tidewater Marine Indonesia Limited

125.     Tidewater Marine Vanuatu Limited

126.     Equipo Mara, C.A.

127.     Tidewater Caribe, C.A.