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			<nameOfIssuer>SCORPIO TANKERS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>Y7542C106</cusip>
			<value>63564</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6299744</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6299744</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>YPF SOCIEDAD ANONIMA</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>984245100</cusip>
			<value>49374</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1800000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1800000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>STAR BULK CARRIERS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>Y8162K121</cusip>
			<value>33769</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11486004</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>11486004</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WCI COMMUNITIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92923C807</cusip>
			<value>129600</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5313653</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5313653</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TRADE STR RESIDENTIAL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>89255N203</cusip>
			<value>56295</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8452678</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>8452678</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>SCORPIO BULKERS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>Y7546A106</cusip>
			<value>55428</value>
			<shrsOrPrnAmt>
				<sshPrnamt>34004850</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>34004850</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GENER8 MARITIME INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>Y26889108</cusip>
			<value>73441</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5388203</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5388203</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
</informationTable>
