TAL & TGH

[hendi_alex]

It looks to me that these two companies have moved from a period of several years dominated by tail winds and into a period of significant head winds. While I hold a very modest weighting of each, will not increase the weighting until the climate once again becomes favorable for their business. These two positions are part of my Marine shipping/marine lease/ marine financing motif. Positions include: CMRE DO ESV HAL NAT NE NMM SDRL SFL SLB TAL TGH TNK Average yield is high single digits. Lowest weightings are SDRL and TAL.