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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
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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 2,213 447,011 SH   DFND   447,011 0 0
GULFMARK OFFSHORE INC COM 402629505 22,088 761,648 SH   DFND   761,648 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 12,798 900,000 SH   DFND   900,000 0 0
SCORPIO BULKERS INC COM Y7546A122 869 123,303 SH   DFND   123,303 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 3,894 14,798 SH   DFND   14,798 0 0
TIDEWATER INC NEW COM 88642R109 16,076 561,897 SH   DFND   561,897 0 0