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.

Scott Martin,
Partner and Portfolio Manager

Mr. Martin joined Solus Alternative Asset Management in March 2012 as a Portfolio Manager. Mr. Martin previously Co-Headed Deutsche Bank's Distressed Products Group in the Americas. During his 17-year tenure at Deutsche Bank, Mr. Martin gained significant experience in several disciplines including risk management, credit research analysis and trading. With more than 24 years of financial industry experience in the high yield and distressed credit markets, Mr. Martin specializes in investing in syndicated and bilateral loans, trade claims, private equity, aircraft paper and other non-traditional investment products. He also held positions at Prudential Securities from 1994 to 1995, and AT&T, where he began his career in 1987. Mr. Martin received a BS in Finance from the University of Virginia in 1986 and an MBA from Columbia University in 1993.

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.

Mikael Laurin,
Director

Mikael Laurin was Chief Executive Officer at Laurin Maritime from 2007 until the acquisition by Team Tankers in 2018. Mr Laurin has wide experience from working as a management and strategy consultant. After graduating from Chalmer University of Technology he started his professional career with Andersen Consulting, mainly focusing on logistics. Mr Laurin later joined Intelligence AB in Stockholm where he worked with strategy and management consulting projects for companies in the telecom, digital TV, ISP, and publishing businesses in Sweden, Czech Republic and Saudi Arabia among others. Mr Laurin was one of the founding partners of Consiglio AB, based in Stockholm, Sweden, providing strategy and management consulting with focus on telecom and digital media. Since 2011, Mikael Laurin has been on the board of I-Tech Marine paints, a Swedish bio-tech company holding all rights to the antifouling agent Selektope®. Mr Laurin has been a Member of the Board and Vice Chairman of the Swedish Shipping Association.

Robert P. Burke,
Independent 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 Founding 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.