EXHIBIT 8.1 Subsidiaries and Equity Interests Owned Directly ------------------------------------------------Frontline LTD / • June 30th, 2006 • Deep sea foreign transportation of freight
Frontline Management (Bermuda) Ltd Management company Bermuda 100% ICB Shipping (Bermuda) Limited Management company Bermuda 100% Frontline Tankers Limited Management company Bermuda 100% Ship Finance International Limited Holding company Bermuda 16.2%
