Exhibit 12.1

	YEAR ENDED DECEMBER 31,
(in thousands of U.S. dollars	2008			2007		2006			2005		2004
Fixed charges:
Interest expense	$	95,579		$	84,915	$	10,998	(1)	$	10,927	$	11,362
Portion of rent expense representative of interest		10,419			8,967		2,900			2,900		2,600
Total fixed charges	$	105,998		$	93,882	$	13,898		$	13,827	$	13,962
Earnings (Loss):
Income (loss) from continuing operations before tax	$	(212,513	)	$	88,860	$	83,538		$	146,225	$	156,805
Fixed charges per above		105,998			93,882		13,898			13,827		13,962
Total earnings (loss)	$	(106,515	)	$	182,742	$	97,436		$	160,052	$	170,767
Ratio of earnings to fixed charges					1.95		7.01			11.58		12.23

Earnings for the twelve month period ended December 31, 2008 were inadequate to cover fixed charges. Additional earnings of $212.5 million would have been necessary for 2008 to bring the respective ratios to 1.0.

(1) Excludes $13,751 of interest expense for premiums and losses on swap and swaption contracts. These contracts are unrelated to our indebtedness.