Exhibit 12.1

Ratio of Earnings to Fixed Charges

	Three Months Ended						Year Ended						Period from March 14, 2008 to
	March 31,						December 31,						December 31,
	2011			2010			2010			2009			2008
	(Thousands of U.S. dollars, except other data)
Earnings:
(a) Pre-tax (loss)/income from continuing operations before adjustment for income or loss from equity investees	$	(406	)		(297	)		(13,546	)		(648	)		1,047
(b) Fixed charges		11,886			—			14,185			—			—
(c) amortization of capitalized interest		6			—			2			—			—
(d) distributed income of equity investees		—			—			—			—			—
(e) share of pre-tax losses of equity investees for which charges arising from quarantees are included in fixed charges		—			—			—			—			—
Less:
(a) Interest capitalized		(2,993	)		—			(3,534	)		—			—
(b) preference security dividend requirements of consolidated subsidiaries		—			—			—			—			—
(c) the noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges		—			—			—			—			—
Total	$	8,493			(297	)		(2,893	)		(648	)		1,047
Fixed charges:
(a) Interest expensed and capitalized		11,505			—			13,667			—			—
(b) amortized premiums, discounts and capitalized expenses related to indebtedness		381			—			518			—			—
(c) an estimate of the interest within rental expense		—			—			—			—			—
(d) preference security dividend requirements of consolidated subsidiaries		—			—			—			—			—
Total	$	11,886			—			14,185			—			—
Earnings to fixed charges		(A	)	N/A				(A	)	N/A				N/A
(A) Additional pre-tax income from continuing operations before adjustment for income or loss from equity investees necessary to generate a ratio of earnings to fixed charges of 1.00		$3,393			—			$17,078			—			—