Board of Directors

Morten Arntzen,
Executive Chairman

Mr. Arntzen has been involved in the global shipping industry continuously since 1979. He has served as Executive Chairman of Team Tankers since April, 2015. He is currently also on the board of directors of TBS Ocean Logistics Inc. and serves as Senior Shipping Industry Advisor to Macquarie Bank, Australia. Mr. Arntzen worked for 18 years at Chase Manhatten Bank (and its predecessor institutions) from 1979 to 1997, including running the Global Transportation Group from 1992-1997; was the CEO of American Marine Advisors Inc. from 1997 to 2003; and the President & CEO of Overseas Shipholding Group from 2004 to 2013. In addition, he has substantial board experience serving as a director for companies, including Chiquita Brands International, Royal Caribbean Cruise Line, Overseas Shipholding Group, Essar Shipping (India), IM Skaugen (Norway) and TBS Shipping. He also serves on the Board of Trustees of Maine Maritime Academy and the Maritime Aquarium at Norwalk.

Tom Higbie,
Director

Tom Higbie is a Managing Director at Solus Alternative Asset Management LP. He joined the firm in 2012 and is currently responsible for public and private investments in the transportation sector. Prior to joining Solus Mr. Higbie was a Vice President at Deutsche Bank where he worked from 2006-2012. Mr. Higbie is a CFA® charterholder and earned a BBA from the Ross Michigan School of Business.

Jesper Bo Hansen,
Director

Jesper Bo Hansen is an experienced executive with more than 23 years in the Transportation/Energy/Maritime Industry of which 10 years were based in Europe (Denmark and Germany), six years In Asia (Hong Kong/China) and seven years in the US. He is the Vice Chairman Maritime for Cerberus Operations and Advisory Company. Before joining Cerberus, Mr. Hansen was the Managing Director for STAR Tankers Inc.. His experience also includes seven years with TORM and holding the position as Regional Managing Director for the Americas.

Robert P. Burke,
Director

Mr. Burke has a 35-year career in the maritime industry. He currently serves as CEO of Ridgebury Tankers, a portfolio company of Riverstone Holdings. Mr. Burke graduated from the US Merchant Marine Academy, Kings Point NY 1981, serving as a ship's officer for three years on tankers. He has an MBA from Columbia University in NYC. For seven years Mr. Burke was Managing Director at GE Capital in Ship Finance Group. He was also Foundering partner of Great Circle Capital and has been CEO/partner/board member of Chembulk Tankers, and board member of numerous private companies and charities, as well as a member of the board of directors and audit committee of the NASDAQ listed shipping company TrailerBridge.

Kevin Kennedy,
Director

Mr. Kennedy has been involved in the global finance and shipping industry continuously since 1987 and has acted in a variety of capacities, including banker, advisor, investor, and chief financial officer. He has inter alia worked for Seaspan Corporation, Great Circle Capital LLC, GE Capital Services, The Bank of New York and Nautilus Holdings Limited. At present he serves as Managing Director of MC-Seamax Management LLC. Mr. Kennedy is a graduate of Columbia University Graduate School of Business (MBA) and the United States Merchant Marine Academy Kings Point (BS).

Mads Meldgaard,
Director

Mr. Meldgaard has over 25 years of experience in the Tanker Shipping Industry. From 2011-2013 he was CEO of Herning Shipping AS, Denmark. In the period 1998-2006 he served as a member of the senior executive management team of Teekay Shipping. Teekay Shipping is the owner and operator of the largest fleet of medium sized tankers worldwide.

Bryce Fraser,
Director

Mr. Bryce Fraser is a Managing Director within the distressed debt group at Angelo, Gordon & Co. Mr Fraser joined Angelo Gordon in 2016. Previously, he worked at Watershed Asset Management, Fortress Investment Group, Merrill Lynch and Credit Suisse. He has a BS from Penn State University and an MBA from the Tuck School of Business at Dartmouth.