The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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

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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
C&J ENERGY SVCS INC NEW COM 12674R100 2,002 59,800 SH   SOLE   0 0 0
CAPITAL PRODUCT PARTNERS L P COM UNIT LP Y11082107 4,116 1,224,900 SH   SOLE   0 0 0
DHT HOLDINGS INC DEBT 4.500%10/0 23335SAB2 5,566 5,712,000 PRN   SOLE   0 0 0
DORIAN LPG LTD SHS USD Y2106R110 4,323 525,938 SH   SOLE   0 0 0
DRYSHIPS INC COM PAR NEW Y2109Q705 1,671 473,405 SH   SOLE   0 0 0
EAGLE BULK SHIPPING INC SHS NEW Y2187A143 3,117 695,787 SH   SOLE   0 0 0
ENSCO PLC SHS CLASS A G3157S106 3,503 592,700 SH   SOLE   0 0 0
GASLOG LTD SHS G37585109 8,879 399,070 SH   SOLE   0 0 0
GENER8 MARITIME INC COM Y26889108 6,123 924,860 SH   SOLE   0 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 7,539 252,914 SH   SOLE   0 0 0
HOEGH LNG PARTNERS LP COM UNIT LTD Y3262R100 11,120 596,243 SH   SOLE   0 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 683 171,664 SH   SOLE   0 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 4,961 503,653 SH   SOLE   0 0 0
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 1,140 483,000 SH   SOLE   0 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106 2,125 863,824 SH   SOLE   0 0 0
PATTERSON UTI ENERGY INC COM 703481101 3,809 165,524 SH   SOLE   0 0 0
SCORPIO TANKERS INC SHS Y7542C106 11,218 3,678,161 SH   SOLE   0 0 0
STAR BULK CARRIERS CORP SHS PAR Y8162K204 6,919 614,496 SH   SOLE   0 0 0
TEEKAY LNG PARTNERS L P PRTNRSP UNITS Y8564M105 9,454 469,180 SH   SOLE   0 0 0
TEEKAY TANKERS LTD CL A Y8565N102 8,708 6,219,729 SH   SOLE   0 0 0