InFebruaryandMarch2006,weenteredintonewbuildingcontractswithWaigaoqiaotopurchasefourVLCCsandsubsequentlysoldtwoofthesenewbuildingcontractsinJune2006foranetgainof$9.8million.InJune2006,weenteredintotwonewbuildingcontractswithWaigaoqiaoforthepurchaseoftwoVLCCswithanoptiontopurchasetwoadditionalVLCCnewbuildings.InSeptember2006,weexercisedouroptionforthetwoVLCC......