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    <nameOfIssuer>CALUMET SPECIALTY PRODS PTNR</nameOfIssuer>
    <titleOfClass>UT LTD PARTNER</titleOfClass>
    <cusip>131476103</cusip>
    <value>1733</value>
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      <Sole>1650443</Sole>
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      <None>0</None>
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    <nameOfIssuer>CONSTELLIUM SE</nameOfIssuer>
    <titleOfClass>CL A SHS</titleOfClass>
    <cusip>F21107101</cusip>
    <value>12363</value>
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      <sshPrnamt>2373019</sshPrnamt>
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      <Sole>2373019</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>DISNEY WALT CO</nameOfIssuer>
    <titleOfClass>COM DISNEY</titleOfClass>
    <cusip>254687106</cusip>
    <value>3415</value>
    <shrsOrPrnAmt>
      <sshPrnamt>35350</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>35350</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ENZO BIOCHEM INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>294100102</cusip>
    <value>10140</value>
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      <sshPrnamt>4007851</sshPrnamt>
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      <Sole>4007851</Sole>
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      <None>0</None>
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    <nameOfIssuer>FRONTLINE LTD</nameOfIssuer>
    <titleOfClass>SHS NEW</titleOfClass>
    <cusip>G3682E192</cusip>
    <value>45254</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4709072</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4709072</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>GENCO SHIPPING &amp; TRADING LTD</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>Y2685T131</cusip>
    <value>14264</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2221798</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2221798</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>IAC INTERACTIVECORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>44919P508</cusip>
    <value>6283</value>
    <shrsOrPrnAmt>
      <sshPrnamt>35058</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>35058</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>KKR &amp; CO INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>48251W104</cusip>
    <value>9043</value>
    <shrsOrPrnAmt>
      <sshPrnamt>385314</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>385314</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>MAGNACHIP SEMICONDUCTOR CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55933J203</cusip>
    <value>32492</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2940458</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2940458</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>NAVIOS MARITIME CONTAINERS L</nameOfIssuer>
    <titleOfClass>COM UNIT RP LP</titleOfClass>
    <cusip>Y62151108</cusip>
    <value>3487</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4910973</sshPrnamt>
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    <votingAuthority>
      <Sole>4910973</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>NAVIOS MARITIME PARTNERS L P</nameOfIssuer>
    <titleOfClass>COM UNIT LPI</titleOfClass>
    <cusip>Y62267409</cusip>
    <value>457</value>
    <shrsOrPrnAmt>
      <sshPrnamt>85928</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>85928</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>PAR PACIFIC HOLDINGS INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>69888T207</cusip>
    <value>5379</value>
    <shrsOrPrnAmt>
      <sshPrnamt>757580</sshPrnamt>
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      <Sole>757580</Sole>
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      <None>0</None>
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    <nameOfIssuer>SCORPIO BULKERS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>Y7546A122</cusip>
    <value>14428</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5702744</sshPrnamt>
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    <votingAuthority>
      <Sole>5702744</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>STAR BULK CARRIERS CORP.</nameOfIssuer>
    <titleOfClass>SHS PAR</titleOfClass>
    <cusip>Y8162K204</cusip>
    <value>7084</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1256057</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>1256057</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>SCORPIO TANKERS INC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>Y7542C130</cusip>
    <value>26639</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1393267</sshPrnamt>
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      <Sole>1393267</Sole>
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      <None>0</None>
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    <nameOfIssuer>TSAKOS ENERGY NAVIGATION LTD</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G9108L108</cusip>
    <value>3813</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1169591</sshPrnamt>
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    <votingAuthority>
      <Sole>1169591</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>XPERI CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>98421B100</cusip>
    <value>8892</value>
    <shrsOrPrnAmt>
      <sshPrnamt>639241</sshPrnamt>
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      <Sole>639241</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>INVESCO CURRENCYSHARES JAPAN</nameOfIssuer>
    <titleOfClass>JAPANESE YEN</titleOfClass>
    <cusip>46138W107</cusip>
    <value>8819</value>
    <shrsOrPrnAmt>
      <sshPrnamt>100000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
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      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>100000</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>INVESCO EXCHANGE-TRADED FD T</nameOfIssuer>
    <titleOfClass>SR LN ETF</titleOfClass>
    <cusip>46138G508</cusip>
    <value>14322</value>
    <shrsOrPrnAmt>
      <sshPrnamt>700000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Put</putCall>
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    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>700000</None>
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    <nameOfIssuer>DUPONT DE NEMOURS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>26614N102</cusip>
    <value>1483</value>
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      <sshPrnamt>43500</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>43500</None>
    </votingAuthority>
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    <nameOfIssuer>FRONTLINE LTD</nameOfIssuer>
    <titleOfClass>SHS NEW</titleOfClass>
    <cusip>G3682E192</cusip>
    <value>11532</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1200000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>1200000</None>
    </votingAuthority>
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    <nameOfIssuer>SCORPIO TANKERS INC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>Y7542C130</cusip>
    <value>4302</value>
    <shrsOrPrnAmt>
      <sshPrnamt>225000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>225000</None>
    </votingAuthority>
  </infoTable>
</informationTable>
