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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
EAGLE BULK SHIPPING INC SHS NEW Y2187A143 3,912 763,198 SH   DFND   763,198 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 1,410 112,796 SH   DFND   112,796 0 0
SCORPIO BULKERS INC COM Y7546A122 14,822 1,611,103 SH   DFND   1,611,103 0 0