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
CALUMET SPECIALTY PRODS PART UT LTD PARTNER 131476103 14,180 1,106,978 SH   SOLE   1,106,978 0 0
ENOVIS CORPORATION COM 194014502 1,540 33,433 SH   SOLE   33,433 0 0
ESAB CORPORATION COM 29605J106 1,973 59,133 SH   SOLE   59,133 0 0
EURONAV NV SHS B38564108 3,926 255,090 SH   SOLE   255,090 0 0
FRONTLINE LTD SHS NEW G3682E192 818 74,854 SH   SOLE   74,854 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 2,972 237,174 SH   SOLE   237,174 0 0
IAC INC COM NEW 44891N208 2,881 52,021 SH   SOLE   52,021 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102 1,612 45,900 SH   SOLE   45,900 0 0
KKR & CO INC COM 48251W104 3,705 86,155 SH   SOLE   86,155 0 0
ENETI INC COM Y2294C107 3,808 570,957 SH   SOLE   570,957 0 0
ZIM INTEGRATED SHIPPING SERV SHS M9T951109 5,051 214,950 SH   SOLE   214,950 0 0