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
OMB APPROVAL
OMB Number: 3235-0006
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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
ALCOA CORP COM 013872106 8,600 250,000 SH   SOLE N/A 250,000 0 0
ATLANTICA YIELD PLC SHS G0751N103 8,928 425,946 SH   SOLE N/A 425,946 0 0
EURONAV NV ANTWERPEN SHS B38564108 1,975 250,000 SH   SOLE N/A 250,000 0 0
GLOBALSTAR INC COM 378973408 42,244 26,402,200 SH   SOLE N/A 26,402,200 0 0
GOLDEN OCEAN GROUP LTD SHS NEW G39637205 326 42,600 SH   SOLE N/A 42,600 0 0
HAIN CELESTIAL GROUP INC COM 405217100 2,790 75,000 SH   SOLE N/A 75,000 0 0
JONES ENERGY INC COM CL A 48019R108 2,502 981,045 SH   SOLE N/A 981,045 0 0
MGM RESORTS INTERNATIONAL COM 552953101 5,480 200,000 SH   SOLE N/A 200,000 0 0
MICRON TECHNOLOGY INC COM 595112103 28,900 1,000,000 SH   SOLE N/A 1,000,000 0 0
NAVIOS MARITIME ACQUIS CORP SHS Y62159101 945 549,659 SH   SOLE N/A 549,659 0 0
NAVIOS MARITIME HOLDINGS INC COM Y62196103 5,508 2,945,683 SH   SOLE N/A 2,945,683 0 0
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 3,076 1,486,050 SH   SOLE N/A 1,486,050 0 0
NRG ENERGY INC COM NEW 629377508 11,424 610,901 SH   SOLE N/A 610,901 0 0
NRG YIELD INC CL C 62942X405 6,268 354,105 SH   SOLE N/A 354,105 0 0
SAFE BULKERS INC COM Y7388L103 4,620 2,100,000 SH   SOLE N/A 2,100,000 0 0
SCORPIO BULKERS INC COM Y7546A122 11,040 1,200,000 SH   SOLE N/A 1,200,000 0 0
SCORPIO TANKERS INC SHS Y7542C106 5,550 1,250,000 SH   SOLE N/A 1,250,000 0 0
T MOBILE US INC COM 872590104 13,758 213,000 SH   SOLE N/A 213,000 0 0