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,

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,

Jesper Bo Hansen is a senior executive with more than 26 years of experience in the Transportation/Energy/Maritime Industry. Mr. Hansen has extensive international experience and has held positions in Europe (Denmark and Germany), Asia (Hong Kong/China) and the US. He is Managing Director of Maersk Broker Advisory Services and Senior Advisor for Cerberus Operations and Advisory Company. Mr. Hansen’s past experience include Vice Chairman of Maritime, Cerberus Operations and Advisory Company and Managing Director for STAR Tankers Inc. His experience also includes seven years with TORM where his last position was Regional Managing Director for the Americas.

Bryce Fraser,

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,

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.

Kevin Kennedy,
Independent 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,
Independent 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.

Audit Committee,

Kevin Kennedy (Chairman), Jesper Bo Hansen and Mads Meldgaard

Compensation Committee,

Robert P. Burke (Chairman), Tom Higbie and Bryce Fraser